Do you remember when Tesla was on the brink of failure? Some of the most well-known bears on Wall Street were betting heavily against the stock.
This changed in May 2013 when the company reported its first-ever quarterly profit. They also became the first U.S. car company to repay a U.S. Department of Energy loan fully, and they did it 9 years early.
It was a total game-changer.
Since then, it has grown to be an auto-manufacturing powerhouse. What's more, it's the global leader in robotics.
The growth isn't slowing down. It's accelerating.
Q4 '24 was a historic quarter for Tesla:
$TSLA just had its second-best earnings reaction ever. The only other quarter that exceeds it is (you guessed it) Q2 2013.
It wasn't about top or bottom-line results. The real story was in the guidance.
Elon Musk, the CEO, confirmed plans to introduce more affordable EVs in 2025 to expand the customer base.
Moreover, the company is on the cusp of launching ride-hailing services via a robotaxi.
The market rewarded $TSLA with its best day ever relative to $UBER. Watch out, Uber shareholders!
The bottom line is Tesla is kicking ass andtaking names. At this rate, we wouldn't be surprised if it became the world's most valuable company.
Here's how we're trading Tesla $TSLA:
We're long $TSLA above the prior-cycle peak around 415.
