Tesla stock is currently on a selloff due to a number of different factors, but its future growth is virtually assured. The key is this: Tesla was never just about electric cars - from the very beginning there was something bigger behind it. Artificial intelligence. Yes, you heard that right. So get ready for a wild ride through Elon Musk's "brain". This is my financial advice in 2024!
Say what you will about him, but when Elon Musk he promises something, he fulfills it. Maybe with a delay, but in the end it always reaches the goal. Of course, there are delays - what else would you expect from a man who at the same time fires rockets, produces electric cars, develops brain chips, tunnels under Los Angeles, builds its own independent Internet with Starlink and manages with the most relevant social network x.com? But let's face it, in the end his work always brings results. Tesla was initially seen as an electric car company (if you believe the fairy tales), but from the beginning it was about more than just electrification. The essential question is which came first: the electric car or the self-driving car?
It wasn't just a change in drive technology. It was a revolution. Not only in the drivetrain, but in the way the car is developed and the way the car is manufactured. For years, Musk has emphasized that Tesla is not a car company, but a software company. The goal was always "robotaxi". Back in 2015, when Elon made serious announcements about self-driving cars, it was clear what was coming. By the way, this is the same year he founded OpenAI. Coincidence? Probably not. Meanwhile, behind the scenes, he was quietly developing his own artificial intelligence inside Tesla, which led to a lot of drama in Silicon Valley and HR wars - including with OpenAI and To Altman himself. Real fun. With a familiar conclusion.
Robotaxi as designed in 2015. Even then, a biplane, but only with room for two.
The CyberCab drama and the Wall Street market panic
Fast forward to Tesla's recent launch CyberCaba and Tesla Robot van (yes, that's the name), and what happens? The stock falls more than 15 %. Why? Because Wall Street is still offended by Musk's political x's. Here's the kicker: Media-driven Wall Street is owned by people who probably still think flip phones are the future, and they just don't like Musk's anti-establishment ideas. When he introduces something that seems a little too advanced, the market gets scared. Musk simply represents too much of a disruption to the existing.
If you followed one of the test drives of Tesla cars with the system FSD (Full Self-Driving) across the US, you know the future is already here. The technology works. And with mass production of autonomous vehicles expected in 2027, it is no longer a question of if will Musk deliver this time, but when. He has been cautious in his predictions lately, which is a good sign. No exaggeration. Just the results. And the results are here. Starting in 2019, Tesla's cars drive themselves for a $99 subscription.
More than cars – artificial intelligence is Musk's ace up his sleeve
And now the key point: Tesla's cars are simply a Trojan horse. Musk's real game has always been integration of artificial intelligence into everyday life. And no, we're not talking about humanoid robots taking over the world. Think friendly, invisible helpers that will make your life easier. Something like Siri, but actually useful. Musk's genius is that he quietly introduced people to these small ones AI assistants through something as familiar as a car. Subtly. Geniusly subtle.
But wait, there's more! Not all of Musk's innovations get the same attention. SpaceX? A huge success, thanks to the artificial intelligence that manages the rocket flights and simulations. Starlink? It will be the first internet that no government or institution can control. True freedom. And then there's more X.com, Musk's "free speech" portal - an entire ecosystem of social networks that cannot be manipulated by capital. Sound familiar? It should. Musk is building the future right before our eyes, and people are too busy tweeting to notice.
A lesson from the past: the rise of the “Teslanaires”
“Teslanaires.” This is a nickname for people who became millionaires by investing early in Tesla. Those lucky people who already recognized the potential and invested some money in 2010 are living on a high note today. If you had invested $5,794 in Tesla stock in 2010, you would have more than $1 million today. This isn't just a cool story - it's a fact. And this is repeated over and over again.
So what's stopping you from getting in now? History repeats itself, but only for those who pay attention. The next wave of "Teslanaires" is already in the making. The question is: Will you join them?
Timing is of the essence – the stars are aligned
Now for the moment. Tesla stock is a relatively safe bet if (and it's a big one if) he wins the November election Donald Trump. Why? Because Trump is likely to open the door to Musk's ideas and removed bureaucratic obstacles, which stand in the way comprehensive innovations. If Trump returns, Musk could literally be shooting for the stars — and by stars I mean Mars. It's not a joke. Musk has his sights set on Mars, and Trump could help him get there. And why not? It's not about doing what's easy—it's about doing what's hard. This is how history is made.
But let's get back to Earth. We will start seeing them on European roads by 2027 fully autonomous Teslas. These will most likely be Tesla vehicles (model 3 and model Y), manufactured after 2019, already equipped with the promised fully autonomous driving technology.
What is the current share price? About 217 EUR. Where do I think it's going? If all goes according to plan, she could easily make it 3,000 EUR. Yes, you heard that right. That's a potential 10x in less than six years. (my pessimistic prediction because certain things can completely change the world) And yes, I'm willing to bet on it.
Conclusion: Don't miss this sale
Tesla was never just a car company – is a tech superpower that has a hand in every future technology you can imagine. Sure, the stock is lower right now, but if you think long-term, it's the buying opportunity of the decade. It's like finding a designer dress at 80% off. You wouldn't pass up such an opportunity, would you?
So, don't stay on the sidelines. Buy a stock. In a few years, when you look at your portfolio and smile, you'll thank Elon. And maybe me too. This is mine financial advice in 2024.
