Why Misleading Media Stories Fuel Our Bullish Outlook On Tesla Stock

A contrarian way of making a bullish case for Tesla stock based on misdirection from fake news.

Tesla is one of the most innovative and disruptive companies in the world, leading the way in electric vehicles, battery technology, solar power, and space exploration. Its visionary founder and CEO, Elon Musk, has become a global icon of entrepreneurship, creativity, and courage.

He has also been a vocal critic of some of the fake news media’s far left agenda-driven narratives. Especially on topics such as woke agendas, DEI, climate change, Covid-19, and censorship.

Given that most of the media in the US lean left to far left, they are obviously not happy with Musk. And some of them would like nothing better for his company, Tesla, to get hurt.

Recently, the fake news media published a series of articles with headlines like “BYD beats Tesla for a second straight year after producing more than 3 million cars in 2023”. CNBC was one of the first to run this story, implying that the Chinese carmaker BYD had overtaken Tesla as the world’s largest producer of electric vehicles, citing data from the China Association of Automobile Manufacturers (CAAM).

Fake News Doing What They Do Best

However, a closer look at these articles reveals how misleading and deceptive they are. First of all, they use the term “new energy vehicles” (NEVs) to refer to BYD’s production. These include not only fully electric cars (like Tesla’s) but also hybrids and plug-in hybrids. This is a term that is mostly used in China and unfamiliar to most US readers.

It conflates electric cars with hybrids to artificially bump BYD’s numbers. But obscures the fact that Tesla still dominates the global market for purely battery-powered cars. According to CAAM’s own data, China only produced about 600,000 purely electric cars in 2023, which is about one-fifth of Tesla’s sales in the quarter ended Sept. 30!

They conveniently fail to mention that BYD’s sales are heavily dependent on government subsidies and incentives, which are expected to phase out by 2025. Tesla, on the other hand, has achieved profitability and growth without relying on such subsidies, and has even lowered its prices in China to compete more effectively.

Tesla has a loyal and passionate customer base that values its brand, quality, and innovation, while BYD faces fierce competition from other Chinese carmakers as well as foreign rivals.

Thirdly, they ignore the fact that Tesla is not just a car company, but a diversified technology company that has multiple sources of revenue and growth potential. Tesla’s energy business, which includes battery storage, solar panels, and solar roofs, is growing rapidly and has huge opportunities in both developed and emerging markets.

Tesla’s software business, which includes its Full Self-Driving (FSD) system, its over-the-air updates, and its future subscription services, is also generating high-margin recurring income and enhancing customer loyalty. Tesla’s space business, which is spearheaded by Musk’s other company SpaceX, is also opening up new frontiers for humanity and creating synergies with Tesla’s terrestrial operations.

Elon Musk’s Rising Threat to the US Establishment

So why did the fake news media publish such biased and misleading articles about Tesla? The answer is simple: fear. Fear of Elon Musk’s success and influence. Fear of his ability to challenge the status quo and expose the media’s hidden agendas. Fear of his vision for a better future that does not align with their preferred narratives.

This fear is not new. It has been evident for years in the media’s relentless attacks on Musk and Tesla, ranging from personal smears to false accusations to distorted reporting. The media has tried to portray Musk as a reckless billionaire who endangers lives with his untested products, who defrauds investors with his unrealistic promises, who exploits workers with his harsh management style, who alienates allies with his erratic behavior, and who undermines democracy with his political views.

Why This Makes Us Bullish on Tesla Stock

But these attacks have backfired. They have only made Musk more popular and respected among millions of people who admire his achievements and share his values. They have also made Tesla more resilient and successful as a company that thrives on adversity and innovation. And they have made investors more bullish on Tesla as a stock that defies expectations and delivers returns.

The fake news media’s articles are just the latest example of how their fear of Elon Musk manifests itself in misrepresentations on Tesla. But instead of being deterred by such lies, savvy investors should see them as a sign of how strong Tesla really is. If the likes of CNBC had actionable data about negative prospects for Tesla, they would run those stories because of their dislike for Elon.

The fact that they have to resort to throwing terms like “new energy vehicles” just to run a seemingly negative story about Tesla shows how desperate they are to find any flaw in Tesla’s performance.

Therefore, the next time you see these types of stories on Tesla from CNBC or any other fake news outlet, don’t be fooled by their fearmongering. Instead, be confident in your own research and analysis. And are still bullish on Tesla because of its fundamentals and vision.

Disclaimer: This article is not intended to provide financial advice. It is for informational purposes only and does not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in this article are those of the author and do not necessarily reflect the views of any other entity. The author owns some shares of Tesla and is a long-term investor in the company. Readers should do their own research and consult a professional before making any investment decisions.

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By Master Influencer Magazine Business & Finance Staff

Published 8.12 PM EDT, Wednesday January 06, 2024

Keywords

Elon Musk, Tesla, Fake News, Stocks

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