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For the 2nd October 2024:

• Something Big is Coming…. 😰

Something Big is Coming…. 😰 

October is a huge month for Tesla. Dare I say, make or break. 😰 

I feel as much tension as that one scene from Jurassic Park where the water’s shaking as the T-Rex is on the loose. But instead of an ancient dinosaur bursting onto the scene, it’s Tesla hosting their Robotaxi event I’m worried about.

And then right after that we’ve got Q3 earnings coming up. Let’s take a closer at what we can expect from both of these events for Tesla this month. 🔍️ 

October 10th - Tesla’s Robotaxi Event 🤖🚗

Put it in your calendar. Circle it in red. October 10th is the day it goes down.

Tesla is hosting an event to talk about their robotaxis. Fully self-driving cars that could make uber drivers unemployed change the entire landscape of transportation. Imagine waving down a Tesla taxi & you hop in with no driver behind the wheel that you have to make small talk with. Sounds like a dream.

They’re expected to show off their Full Self-Driving (FSD) technology improvements & give us a clearer picture of when robotaxis might be coming to a town near you. I’m really hoping the demonstration doesn’t go something like the “indestructible cyber truck”….

But if all goes well, this should open up a whole brand-new revenue stream for Tesla, to move them even further away from being a car manufacturer & deeper into the tech bucket.

Why is that so important right now? 

Well, we know Tesla’s been one of the big boys in the electric vehicle (EV) space for a while now, but the EV market has been cooling off a bit. More competition & less demand in never a good combo.

Even with those challenges, Tesla’s still holding onto strong gross margins (around 18%, if you’re into the numbers). And one huge advantage they do have is their profitable in this space which very few EV companies or segments can say. But the robotaxi event? That’s where things can really start heating up again.

This could be the start of Tesla holding the torch to a $2.75 trillion market by 2033. 💰 Yes. Trillion.

If you believe in first mover advantage this has got to be a space on your radar.

Q3 Earnings Right After... 📊💼

Then about a week later we’ve got Tesla’s Q3 earning’s report. The numbers aren’t expected to blow us away. Analysts have already said they’re not expecting massive growth from their EV division right now.

I don’t know if that’ll save us from the share price tanking but hopefully any “bad news” drops have been baked into today’s drop after they announced just falling short of expectations on total deliveries for Q3.

One thing’s for sure, I’m not expecting record breaking EV sales this quarter. In fact, I think if you’re buying Tesla looking for outrageous growth the focus has to move away from car sales. The real question has to be “Do I think this robotaxi stuff is going to take off?”.

So what’s the Answer? 🤔 

. I think it still has a lot to offer outside of the robotaxi potential, like creating an Apple-like ecosystem I’ve written about here. Tesla’s stock has already spiked 32% in Q3 even without the robotaxi event.

But let’s be clear here, the robotaxi event could be the moment we’ve been waiting for. If Tesla can roll out autonomous vehicles, it opens the door to a brand-new, high-margin revenue stream. I don’t need to tell you what’ll happen to the stock price if they pull that off, right?

We’ve still got a bit of time yet to make a decision. The earliest projections for a potential launch are currently late 2025 it’s figuring out if you want the early bird ticket on the potential rocket.

As it is, Tesla makes up just over 2% of the portfolio which I’m happy with. If the robotaxi demo looks good & there’s any major pullbacks coming from a lackluster earnings, I’ll most likely look to scale up a little….

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That’s all! See you same time tomorrow 👋 

P.S Hit reply & let me know what you thought of today’s newsletter. All feedback is welcomed ❤️