AMD hit a new all time high. Is Nvidia next?
Predicting what an individual stock will do in the short term is a bit like predicting the weather.
Tesla has caught my attention recently for what it could become in the future, and what its share price appears to be doing right now.
Between the Cybercab, the electric Semi truck and plans for the next-generation Roadster, there’s plenty to be bullish about on the vehicle side of the business alone. Tesla reported beginning Cybercab production in the first half of 2026, while its Semi and Roadster represent very different ambitions for the future of transport and Elon Musk has hinted that both are coming soon.
But what interests me most isn’t simply the prospect of another car or truck. It’s the possibility that we’re moving towards a world where driving becomes something we increasingly choose to do, rather than something we have to do.
Think about what dependable, affordable autonomous transport could mean.
For someone who cannot drive, it could offer greater independence. For commuters, it could turn time spent behind the wheel into time available for something else. For businesses, it could eventually change the economics of moving people and goods.
I don’t think every vehicle on the road becomes autonomous overnight. But I do think the potential is enormous, and Tesla is well positioned to benefit from transportation moving predominantly to autonomous vehicles in the next 5 years.
The important word there is potential. The technology has to work safely and reliably, the economics have to make sense, and people need to trust it, but when we consider the current rate of improvement in both AI and autonomous vehicles it feels like our roads, oceans and the sky could be filled with this technology far sooner than most people predicted.
And for me, the opportunities become even more interesting when we think beyond vehicles.
Robotics will be the next mass market product
There was a time when owning a car was rare. Now billions of people own cars worldwide. There was a time when mobile phones were only used by a small percentage of businesses and now almost everyone has one. There was a time when Microwaves seemed like Science fiction and Television seemed like magic, yet almost every household in the Western World uses a Microwave and a Television as part of their everyday life.
It is inevitable that Robotics will be the next mass market product that will greatly change and hopefully greatly improve our lives.
Tesla is developing Optimus as a general-purpose humanoid robot, with the aim of taking on work that is repetitive, unpleasant or dangerous.
That immediately gets me thinking about where this technology could eventually fit into everyday life.
I already use a robot vacuum cleaner and a robot lawnmower. They’re useful examples of handing a particular job over to a machine.
Now imagine something much more versatile, that could do almost anything we need it to.
Imagine a robot that could prepare your meals, clean the kitchen afterwards, take the dog for a walk and help with basic household maintenance.
Not a separate device for every job, but one machine capable of learning different tasks and adapting to the home it lives in.
We all have jobs that need doing, and only so many hours in the day.
A robot that could safely take some of those responsibilities off our hands wouldn’t just be selling convenience. It would be giving us time back, making our lives easier and more productive.
A very bold prediction about Optimus
Venture capitalist and podcast host Jason Calacanis recently discussed seeing an Optimus demonstration, and his reaction was striking. He said he believed it would become “the greatest product ever made by humanity”.
That is an enormous claim.
For me, the interesting question isn’t whether we should accept such a sweeping prediction at face value. It’s whether the underlying opportunity could be as significant as it sounds.
And when I think about the range of jobs a capable, affordable robot might eventually perform, I can understand the excitement.
The potential applications go well beyond household chores.
Imagine robots helping to keep public spaces clean, handling repetitive work in manufacturing and hospitality, or assisting with food production and the maintenance of energy infrastructure.
Imagine the difference appropriately designed robots could make by supporting professional carers or helping people with limited mobility manage everyday tasks.
None of that requires us to assume a robot replaces every human worker, or that every difficult problem suddenly disappears. Even taking over a useful portion of routine physical work could be significant.
What excites me is the possibility of increasingly capable artificial intelligence being combined with machines that can interact effectively with the physical world.
There is a huge difference between imagining that future and engineering something safe, reliable and affordable enough to become part of it. But I’m optimistic about the possibilities and interested in the role Tesla might play.
An exciting company is not automatically an attractive trade
That brings me to the stock.
However enthusiastic I am about the technology, I need to keep two questions separate.
What might Tesla achieve over the next decade? And what gives me a reason to expect its share price to move higher in the near future?
There’s also the question of price: how much of that future success is already priced in?
What I’m seeing on Tesla’s chart
On the weekly chart, Tesla has bounced from the area around its 200-period moving average, with the recovery continuing for almost a month.
On the daily chart, the stock has been trending higher for roughly two months and is now testing its 200-period exponential moving average, or EMA.
The two-day chart is another part of what has caught my attention. The price has already moved above its 200-period EMA, retested it and then bounced.
These three higher term timeframes are all bullish and this confluence means a big move higher for Tesla is very likely soon.
What happens next?
For now, I’m optimistic about Tesla’s long-term possibilities and very bullish on the short term too.
That doesn’t mean I expect a straight line upwards, but the strength being shown on the timeframes we’ve discussed can’t be ignored.
As with the Nvidia article, I want to put that opinion on record while the outcome is still uncertain.
That’s what makes these posts so valuable. We can document the prediction and then in the future we can reflect back on this article to see if I was right.
These are my personal observations and opinions, not financial advice. Share prices can fall as well as rise.