Part 7/10:
He references historical parallels—such as Philip Morris in the early 1990s—where short-term market reactions to price cuts or inventory adjustments caused temporary stock dips, which quickly recovered. Black suggests that a similar pattern could occur with Tesla: short-term dips, but sustained long-term growth.
Black’s price target remains at $550 per share for the next 6 to 12 months, supported by rising EV adoption in Europe and China, new factories, and the upcoming Cybertruck. Notably, he anticipates a U.S. EV credit implementation in Q1, which would bolster Tesla's domestic sales.