Tesla is setting up again after a 4 month long correction.

It’s still the best play on physical AI and the key driver will be FSD and robotaxis expanding globally. That will unlock trillions of value but there is still a long way ahead. It’s a big bet. But few people are capable of achieving that and one of that is Elon.

Tesla is not a car company anymore. It is an AI, robotics, autonomy, and energy infrastructure company wrapped inside an EV company.

And keep in mind that earnings are tonight afterhours.

The Setup:

• Breakout of a downtrend and sitting right at key moving averages

• Robotaxis starting to expand into new cities

• Investing aggressively in the AI buildout and Terrafab

• Energy business is growing rapidly

• Announced new chip AI5