Lesson learnt from Tesla Q1 2023 earnings Look beyond to Q4 and whole Year Update

I made a post about the similarities between Q1 2023 earnings and Q3 2023 earnings. I put the link below, you can read in detail. What happened to Tesla's share price currently and the excessive negative report by media (and bloggers) about the company and Elon Musk are expected. I also predicted that analysts will start to downgrade the stock.

What surprised me was some analysts went against the mainstream and post buy rating. Despite someone may label them as died-hard Tesla bull, I think their analysis is based on data and look beyond to Q4 and the whole 2023 year.

I'm not trying to spread fear but share price may dip further. While others are panic selling, whales are buying the dip. This is not speculation but based on trend in post Q1 2023 earnings. Those who held and prevailed after a month later in May 2023, Tesla's share started the winning streak and reported a high $299 later. The reasons were due to catalysts such as increased in EV sales, GM, Ford adopted Tesla standard charging, ease in Fed rate hike etc.

Tesla re-invested it's profit in new Gigafactory Dojo supercomputer, upgraded FSD with artificial Intelligence etc. The high P/E ratio since year 2021  make sense for a company with growth potential and strong fundamental. Indeed buying or holding the Tesla stock needs conviction and far-sight.