There's a simple set of questions to ask to see if you are a Tesla bull or a Tesla bear. Here they are.
Tesla Bulls and Bears
A Tesla bull is a term used to describe someone who is optimistic and hopeful about the future of Tesla.
A Tesla bear is a term used to describe someone who is pessimistic and not very hopeful about the future of Tesla.
Each of these two types of people thinks this way for various reasons.
Here they are:
- Are EVs an advantage or disadvantage?
- Is Elon Musk a visionary or a distraction?
- Is FSD life-changing or a party trick?
- Will Tesla demand keep growing or shrink?
- Is the stock headed to $2,000 or $20?
- How to know if you are a bull or bear
EV Advantage - Or Disadvantage?
A Tesla bull sees Tesla as a unique company, poised to take over a new market - EVs - for the future, and that EVs are and will be more cost-effective and more performant and efficient than other available cars.
A Tesla bear sees Tesla as more of a gimmick company, that isn't going to grow much more than it already has, and that EVs are simply a niche market and are not nearly as cost-effective as other available cars.
Elon Musk - Visionary or Distraction?
A Tesla bull sees Elon Musk as a visionary leader who is poised to take Tesla to massive disruption with four primary growth waves: selling EVs, selling energy products, full self-driving autonomous vehicles, and a humanoid robot to do labor.
A Tesla bear does not see Elon Musk as a visionary leader, and instead thinks he is a distraction to Tesla and that he should step down. They don't see Tesla being able to sell many more cars, nor deliver on autonomous driving, within the next 10 to 20 years or more. They also don't see any value in the humanoid robot.
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FSD - Life Changing Or Party Trick?
A Tesla bull is in favor of FSD and sees millions of autonomous Tesla vehicles on the road one day, offering greater safety and lower cost transport. They see this adding greatly to Tesla's profit margins.
A Tesla bear does not favor FSD. They may not even see it as AI, but instead, a crude approach to solve a seemingly impossible problem. They don't see FSD being adopted, nor being able to make any money for Tesla. They see FSD generally as a "party trick".
Huge Demand Or Shrinking Demand?
A Tesla bull sees enormous demand in the future for Tesla's EVs, despite the surprising Q1 2024 to the downside. Tesla has yet to release a compact car, sub-compact car, bus, van, or the new Roadster. That's 5 more vehicle models to get Tesla to 10 total vehicles. They see Tesla as just barely getting started - even in just selling EVs.
A Tesla bear sees little demand in the future for Tesla's EVs, and that hybrids and gas cars are still much more cost-effective to buy. They see charging costs as the same as gas, making EVs too expensive to own. They don't see any future demand for Tesla, but instead, that it is a shrinking business.
Stock Price of $20 or $2,000?
A Tesla bull sees Tesla as still in its infancy and is more likely to invest in the company for the future, seeing many opportunities that can lead to huge growth. They generally have higher price targets, such as $2,000 in 5 years (from $165 today).
A Tesla bear sees Tesla continuing to decline and that its sales will drop and that it is a busted growth story. They have price targets that are low, as low as $20 (from $165 today).
Are You a Bull or Bear?
Are you a Tesla bull or bear? If you are a Tesla bull, you see a bright future for Tesla. If you are a Tesla bear, you don't see the company growing much anymore.
It all comes down to this, in my opinion. You either believe that Tesla is going to revolutionize the auto industry with its EVs and that Tesla vehicles will become autonomous sooner rather than later, offering safe and cheap transport at a massive scale. You believe in the growth of its EVs and new EV models, the energy storage business growing, and the Tesla Bot one day solving human labor.
Or, you don't believe these things will happen, and that Tesla is not a once in a generation company. Time will tell who ends up being correct here, over the next decade or two.
For Further Reading: Just Like That, My Tesla Model 3 Is Driving Itself Everywhere (While I Supervise)
Does this accurately describe a Tesla bull and bear? What are your thoughts, and do they differ from mine?
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Hi! I'm Jeremy Noel Johnson, and I am a Tesla investor and supporter and own a 2022 Model 3 RWD EV and I don't have range anxiety :). I enjoy bringing you breaking Tesla news as well as anything about Tesla or other EV companies I can find, like Aptera. Other interests of mine are AI, Tesla Energy and the Tesla Bot! You can follow me on X.COM or LinkedIn to stay in touch and follow my Tesla and EV news coverage.