Remember when everyone was dunking on Tesla because Elon got a little too political? Well, plot twist: while you were busy doom-scrolling, TSLA quietly started outperforming Nvidia over the past six months. Yeah, you read that right.
Cathie Wood – the woman who either sees the future or has the world’s most expensive crystal ball – is doubling down on Tesla harder than your uncle doubles down on conspiracy theories at Thanksgiving dinner. She’s got 11.32% of her portfolio parked in TSLA, and when asked which single stock she’d pick if forced to choose just one, her answer was Tesla faster than you can say “disruption.”
The Robot Revolution (No, Really This Time)
Here’s where it gets interesting. Musk recently tweeted that 80% of Tesla’s value will come from Optimus robots. Now, before you roll your eyes so hard they fall out, remember: the market doesn’t care if Elon’s predictions are as reliable as your weather app. If investors believe it, that’s literally all that matters for stock prices.
Wood calls Tesla “the largest AI project on Earth” and thinks Musk is the “greatest builder of our time.” Her reasoning? Tesla sits at the intersection of three major tech platforms: robots, energy storage, and AI. It’s like the Swiss Army knife of future tech, except instead of a tiny scissors that never works, you get humanoid robots.
The Quiet Comeback Nobody’s Talking About
While everyone’s been obsessing over Tesla’s EV sales looking shakier than a leaf in a hurricane, something interesting happened. Musk stepped back from his Twitter political commentary (mostly), and suddenly Tesla China reports their October Model Y deliveries are completely sold out. New orders? You’re waiting until November, buddy.
Analyst Gary Black thinks Tesla will beat Q3 estimates, which currently sit at 431,000 deliveries – down 6% year-over-year. If Tesla actually delivers a surprise beat instead of the expected miss, we could see some serious fireworks.
The $500 Question
Here’s the math that has Wood excited: Tesla’s next earnings report drops in early October. If they crush delivery numbers while proving they can keep the EV business humming AND develop AI robots, the market might just decide this stock deserves a massive re-rating.
The bears have been pointing to weak EV sales like it’s some kind of gotcha moment. But here’s the thing – if EV sales rebound strongly (hello, lower interest rates), those same bears might find themselves in a very uncomfortable position.
Wood’s betting that Tesla isn’t just a car company anymore – it’s an AI company that happens to make cars. And if she’s right about the robot thing, even partially, we’re talking about paradigm-shifting money.
Is $500 realistic? In a market where companies get valued on dreams and potential as much as actual revenue, stranger things have happened. Just ask anyone who bought Nvidia at $20.