I’ve been quite busy lately with my food company and the founding of a gold exploration company - more on that in the coming weeks though.

For now, I wanted to share some thoughts on Tesla (TSLA) since my last update was in June.

This reflection was sparked when I revisited some trades I made when I first entered the business in 2008. (If you recall from the who’s Danny Brody article, I was licensed as an Investment Advisor in June of 08)

I bought AAPL in 2009 at $121, which given their 7:1 split in 2014 and their 4:1 split in 2020, works out to $4.32 per share.

It’s now $234, or a return of 5,291% over 15 years.

So I got to thinking, what else is out there that has this potential?

When I first started covering Tesla at the end of June, the stock was around $180. Fast forward to last week, it has jumped to $270, or a 50% increase. See below:

With the recent We, Robot event on October 10th and an impressive Q3 performance announced last week, it's time for an update.

The jump from $180 to $270 is a significant achievement, but I believe the stock's momentum will continue.

Here's why.

The We, Robot event was always poised to disappoint TSLA shareholders.

As with many highly anticipated announcements, the pattern remains consistent: buy the rumor, sell the news.

And that’s exactly what happened.

On October 10th the stock dropped from the $240 range to $217 and change.

As expected…

However, Tesla's strategy of diversifying its platform with Robotaxi, Robovan, and Optimus, alongside its already thriving electric vehicle (EV) segment, points toward some serious future growth, IMO.

If Elon aims to become the world's first trillionaire, his unique ability to actually execute (unlike many others) is a key factor.

While I may not share Cathy Wood's bullish projection of $2,900 by 2029, (at least yet) I believe a target range of $1,000 to $2,000 within the next 3-5 years is entirely reasonable.

Here’s why:

As part of Tesla’s Q3 earnings, they announced a number of things.

1. 25% auto growth projected for 2025, surpassing the 16% estimate.

2. Targeting approximately 2 million CyberCab units annually.

3. Full Self-Driving (FSD) expected to exceed human safety levels by Q2-Q3 2025.

4. Ride-hailing network set to launch in Texas and California next year.

5. Upcoming V13 update, offering a 5x-6x improvement in miles between interventions compared to version 12.5.

6. Achieved operating income of $2.7 billion for the quarter.

7. Despite a slight miss on revenue expectations, with reported figures of $25.2 billion compared to a consensus of $25.5 billion, gross margins improved significantly, reaching 19.8% due to a record low cost of goods sold per vehicle, which fell to approximately $35,100.

Find out more in their investor deck here.

What does all this mean?

An added $60 billion revenue per year…

And that’s why TSLA soared last week:

And I do think it’ll continue to do so.

Here are my top 9 factors that’ll help the stock continue it’s upward trajectory.

1. Strong Revenue Growth: Tesla reported significant increases to their bottom line in Q3, showcasing its ability to scale operations, improve efficiencies, and meet growing demand for electric vehicles (EVs).

2. Increased Production Capacity: The expansion of Gigafactories and improvements in manufacturing efficiency will enhance Tesla's production capabilities, allowing the company to meet rising consumer demand and improve margins.

3. Diversification of Product Line: Tesla's plans to launch new models, such as the Robotaxi and Robovan, are set to tap into new markets in a massive way. These vehicles will attract a broader customer base and increase overall sales as noted above.

4. Advancements in Battery Technology: Continued innovation in battery efficiency, cost reduction, and energy density can bolster Tesla’s competitive edge in the EV market, making their vehicles more attractive to consumers.

5. Full Self-Driving (FSD) Progress: Expectations that FSD technology will soon surpass human safety levels and likely increase consumer confidence in TSLA, driving more sales.

6. Expanding Global Market: The growing acceptance and demand for EVs globally, coupled with government incentives and stricter emissions regulations, should significantly boost Tesla’s market share.

7. Strong Demand for Sustainable Transportation: As sustainability becomes a priority for consumers and businesses, Tesla’s reputation as a leading EV brand positions it well to capitalize.

8. Positive Investor Sentiment: Consistently strong earnings reports and ambitious growth projections should enhance investor confidence overall, leading to increased buying pressure, more momentum, and ultimately a rising stock.

9. Competitive Advantage in Autonomous Driving: With advancements in Tesla's AI and software capabilities for autonomous driving, the company should solidify its position as a leader in the autonomous vehicle market, attracting even more capital into it’s stock.

All that said, this is why I think we’ll see north of $1,000 in the coming years.

It’s not only feasible but increasingly likely as well, given the upcoming launches, market dynamics, and Elon’s ability to execute, which cannot be ignored.

By harnessing the potential of the Robotaxi, the new Robovan, Optimus, alongside advancements in battery technology and robust demand for EVs, I believe Tesla can drive significant revenue growth in the coming 3-5-10-15 years.

Perhaps this will be similar to my AAPL call in 2009, perhaps it won’t.

All we can do is continue to watch the company and revise our plan based on their ability to… execute.

And if the company continues to successfully execute, reaching a $1,000 per share could easily be within reach in the not-so-distant future.

Stay tuned for more.

Happy Hunting!