TSLA has a target on its back

November 27, 2024

The headlines surrounding Tesla from the mainstream media aren't great.

But LikeFolio data suggests something bigger may be brewing behind the scenes.

Despite the negative headlines and onslought of policially-based opposition to Musk, consumer interest in the Tesla brand is rising...quickly.

Web visits are accelerating, trending +8% higher on a 90day Moving Average and +17% higher on a tighter, 30day Moving Average.

Web insights suggest that Musk's political activism may not be having the adverse impact the media is reporting.

Quite the opposite: Many consumers may be considering a Tesla (or its services) for the first time.

New users to Tesla's website jumped by +35% MoM in October, with some traffic likely generated by the company's robotaxi event.

Mentions call out Tesla's innovation.

At LikeFolio, we see continue to view Tesla as more than a car maker.

Near-term roadbumps are accumulation opportunities.

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