Tesla Could Rebound. SpaceX Could Shock Everyone
Overall Thesis
Tesla stock is undervalued and positioned for a significant rebound in the coming months due to company transformation, Robotaxi/Optimus developments, and favorable market conditions, while SpaceX is expected to shock investors with AI revenue growth and Grok advancement.
Narratives
The host points to Bitcoin's current surge as a sign that capital is rotating out of overheated AI momentum stocks, using BTC's strength as a sentiment indicator for a possible rotation back into undervalued names like Tesla. No specific price target is given for Bitcoin itself.
Key Arguments
- Bitcoin surging is cited as evidence the AI momentum trade is cooling, freeing up capital for other assets.
- Bitcoin's slow build-up before a sudden move is used as an analogy for how Tesla's sentiment could eventually inflect upward.
Jo Bhakdi argues Tesla is trading in a 'Goldilocks moment,' deeply undervalued relative to its improved fundamentals and sitting well below its December 2025 all-time highs. He expects the September 3rd Cybercab launch to act as a bullish catalyst and believes a sentiment rotation away from overheated AI momentum stocks could push Tesla back toward all-time highs by year-end.
Key Arguments
- Tesla is trading well below its December 2025 all-time high despite the company being fundamentally stronger now (core business, Robotaxi, Optimus progress).
- The September 3rd Cybercab launch is described as a 'giant magnet' likely to pull the stock higher unless it runs up too much beforehand.
- Capital rotating out of overheated AI momentum stocks (evidenced by Bitcoin's surge) could flow back into undervalued Tesla.
- Long-term conviction that Tesla will '10x eventually' as Robotaxi and Optimus scale, even if the timeline slips.
Hedges & Caveats
- Guest explicitly states 'not investment advice'
- Long-term thesis described as 'more or less guaranteed in my opinion' (opinion-based, not certain)
- Short-term options trading involves timing and tactical decisions with inherent uncertainty
- Predictions depend on specific events (Cybercab launch September 3rd, SpaceX AI revenue targets) that may not materialize as expected
- Guest acknowledges Tesla stock volatility ('even though it did it yesterday')