Part 3/11:
Despite these bullish long-term prospects, the short-term outlook appears more subdued. The anticipated catalyst—Tesla’s Optimus demo, initially expected around November 6—has now been sidelined, with Elon Musk confirming no public showcase at that event. This news strips away recent speculative momentum, leading to expectations that Tesla’s stock may simply trade sideways for the rest of 2023.
The removal of this catalyst is significant. Historically, Tesla’s stock has often rallied on new product or strategic announcements. Without fresh catalysts before year-end, the market is likely to interpret Tesla’s stock as range-bound, moving within established channels rather than making explosive moves.