Tesla 2024 Outlook: Stock Could Implode if Profits Fall by Double Digits Again

Tesla doubled in 2023 while profits dropped by 20%. This is largely due to it being included in the Magnificent 7 tech index, which also doubled on the AI theme

• Tesla was only a good short this year right before its bad quarterly results and should’ve been bought on every dip post earnings results. One could’ve made over 150% returns versus Tesla’s gain of 112% year to date.

• Bad news about Full Self-Driving and Autopilot recalls was short-squeezed in 2023. Buying Tesla’s dip was in vogue this year due to relia…