Fundstrat head of research Tom Lee remains optimistic about Tesla (TSLA) despite the recent conflict between Elon Musk and President Trump.
In a recent video update, Lee presented a long-term chart for TSLA, indicating that the stock’s current price, even after a 40% decrease from its peak, is just revisiting a support level from previous years.
“Tesla investors are accustomed to this. Looking at Tesla’s journey from 2010 to now, when it surged from $1 to $280 today, the recent decline appears to be a return to a support level. Therefore, the long-term outlook for Tesla remains largely unchanged.”
Lee also highlighted several positive fundamental developments for Tesla, emphasizing that Fundstrat is not overly concerned about the stock’s recent decline.
“Considering Tesla’s competitive advantages in EV design, electric vehicle manufacturing, upcoming robotaxi product launch, and cost-effective robotaxi design compared to competitors, the company’s position remains strong. Additionally, the potential integration of xAI and the platform X.com further solidifies Tesla’s advantages. Therefore, we remain optimistic about Tesla despite the recent price dip.”
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