Core Viewpoint - Tesla is positioned to potentially reach $500 per share, driven by its focus on AI technology rather than just electric vehicles [1][2]. Tesla and AI Focus - The debate surrounding Tesla's identity as either a car company or an AI tech company is significant, with a strong belief that it is primarily an AI trade [2]. - The expectation is that Tesla will surpass its previous highs from December 2020, with projections of finishing the year above $500 per share [2]. Market Sentiment and Competition - The incentive-based concept introduced by Tesla is viewed positively by shareholders, indicating bullish sentiment as long as the market remains favorable [3]. - Concerns about competition from Chinese EV companies like BYYD are noted, but the focus remains on Tesla's potential in robotics and robo-taxi services [4]. Other Tech Companies - Nvidia and Palantir are highlighted as key players in the AI sector, with recent stock performance being affected by broader market conditions [5][6]. - The strategy involves purchasing more shares of these companies during market weakness, anticipating continued growth in the AI space [6][7]. Market Outlook - The current economic environment, including the end of the government shutdown and expected liquidity from the Federal Reserve, is seen as conducive to asset price growth [6]. - There is a belief that the bull market has not yet reached its peak, suggesting continued investment in high-weight stocks like Nvidia and Palantir [7][8].
Haven't seen the last leg of this bull market yet, says Key Advisors' Eddie Ghabour