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Everyone said 'sell Tesla' ahead of earnings; our AI model disagreed - Here's why

Published 04/24/2024, 07:53 AM
© Reuters.

Investing.com — After a consolidation period amid heightened risks associated with the EV industry and growing competition with China, Tesla (NASDAQ:TSLA) stock is posting a substantial rebound today.

The stock is trading up 12% premarket after its CEO, Elon Musk, told investors the EV giant would focus on new, more affordable models, responding to growing woes, particularly in China and the US, where the gap between production and sales has been growing at an alarming pace.

But did you buy the Tesla dip?

Well, I wouldn't blame you if you didn't. In fact, virtually every analyst out there was telling you to sell the stock over the last week.

However, contrary to the general public, our predictive AI actually told you to buy the stock, and you could be swimming in a huge profit today if you'd only subscribed for less than $9 a month.

As a matter of fact, our AI also told you to buy Biogen (NASDAQ:BIIB) stock, and now, the stock is up a hefty 6% premarket today after beating earnings estimates.

It also told you to buy the dip in Boeing (NYSE:BA) stock, yet another premarket gainer today - up 4% premarket after beating earnings estimates.

At this point, you may be thinking: "But the AI couldn't have predicted Musk's plans," or "The AI couldn't have known Biogen's or Boeing's earnings."

Of course, it couldn't! However, it didn't need to.

By analyzing the history of each individual company in the stock market in deep data, it calculated that the probability of a rebound in the stock was getting higher and higher, thus suggesting a buy.

In fact, this is the exact methodology that has led our flagship Tech Titans strategy to garnish an eye-popping 1,779% over the last decade.

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