Cybertruck Delivery: Is Tesla Set to Defy the Odds (Again)?

Here’s what we’re watching ahead of the November 30 delivery event... [Derby City Daily logo] [Derby City Daily logo] [Cybertruck Delivery: Is Tesla Set to Defy the Odds (Again)?]( By Andy Swan Back in 2018, when there were just 400,000 electric vehicles (EVs) cruising the highways, spotting a Tesla (TSLA) “in the wild” was like finding a rare baseball card. Yet folks were buzzing about getting their hands on one. So we leveraged our predictive insights for what they do best and made a bullish call on TSLA when shares were trading around $20. Our stance may have seemed overly optimistic to some at the time. Fast-forward to today, though, and that data-driven foresight has paid off in spades. TSLA stock is trading nearly 1,000% higher than it was five years ago. But let’s be honest: The Tesla ride hasn’t exactly been smooth. Just last month, a disappointing earnings report sparked a fresh wave of doom and gloom around the electric vehicle (EV) king. Tesla reported a gross margin of 17.9% (still [well above traditional automakers]( just not enough to make Wall Street happy); earnings and revenue were lower than expected, too. And CEO Elon Musk's “We dug our own grave with [the] Cybertruck” comment sealed the deal, sending shares tumbling more than 10%. It wasn’t [the outcome we expected](. But one positive did come out of that third-quarter call: We finally got a delivery date on the eagerly awaited Cybertruck. November 30. This Thursday. Four years after its unveiling in 2019. Ten lucky consumers will finally get the hyper-powerful, hyper-futuristic electric pickup they've been waiting for. And with the recent bearish sentiment and media headlines giving us an eerie sense of déjà vu, we can’t help but wonder... Is Tesla poised to beat market expectations yet again? [Here’s why we think so – and what investors should be watching ahead of Tesla’s big moment...]( [Click here to continue reading]( Until next time, [Andy Swan's signature] [Andy Swan's signature] Andy Swan Senior Analyst, Derby City Insights [Watch Now: Our Shocking 2024 Predictions Revealed]( Landon and I just got done recording [this special presentation]( and had to get this in your hands right away. In it, we reveal our biggest predictions for investors in the new year – including one tiny $6 player about to dominate a massive $300 billion industry. [You won’t want to miss this](. Get Instant Access Click to read these free reports and automatically sign up for research throughout the week. [25 Doomed Blue Chip Stocks]( [How A.I. Investing Can Improve Your Portfolio]( © 2023 TradeSmith, LLC t/a Derby City Insights. All Rights Reserved. 1125 N. Charles Street, Baltimore, MD 21201 To unsubscribe or change your email preferences, please [click here](. [Terms of Use]( | [Privacy Policy](