Tesla's downfall (Why it's the perfect time to buy)

Author

Darold Trinh
April 03, 2024

Welcome To The Long Wealth Newsletter. It is Darold from Long Wealth Capital.

In today’s newsletter we will go over:

  • The top stock pick for the week

  • Tesla’s downfall

And much, much, more..

Undervalued Stock Pick Of The Week

My undervalued stock pick of the week is $TSLA

  • Is This The Bottom For $BABA (Alibaba) (link)

  • Final Warning: $NIO Stock (Link)

Deep Dive

Tesla stock nearly dropped 5% yesterday and it’s off the back of its Q1 deliveries.

They delivered 386,810 vehicles, way below Wall Street expectations.

But let me tell you why that’s a perfect longing opportunity.

When it comes to automakers, the first quarter is usually the weakest. It’s a seasonality effect that is present.

Example of this would be in 2019, when the mass public had an over reaction to the Q1 deliveries and obviously everyone knows what happen with the $TSLA stock since then.

It’s pretty much skyrocketed..

In my opinion, this is just a blip in the road.

There is no issue with own $TSLA right now.

They have a $25,000 vehicle launching in 2015.

They have $29 billion in cash. Tesla is not going anywhere.

The cybertruck is up nearly 59%.

Overall, I believe $TSLA is a good play right now.

Happy investing.

Darold Trinh

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