Part 10/13:
The inflation reduction measures and EV incentives, such as the $7,500 tax credit now becoming an instant rebate in 2024, are expected to bolster demand for Tesla’s main models, Model 3 and Model Y. Black notes that these factors, combined with tight inventory levels for the best-selling models, suggest sustained demand into the future.
Long-term Investment Perspective
Black concludes that Tesla’s valuation is still attractive, especially when considering that the stock's recent gains have not yet fully priced in upcoming catalysts like the Cybertruck and expanded charging alliances. He advocates a balanced approach—being bullish on Tesla’s long-term prospects while mindful of macro risks.