Tom Lee Declares Tesla a "Granny Shot" Amidst Market Volatility

New York – Renowned market strategist Thomas (Tom) Lee of FSInsight.com and Fundstrat Capital has publicly characterized Tesla ($TSLA) as a "granny shot," signaling a high-conviction, long-term investment despite recent market fluctuations. The comment, made via a tweet, aligns with Lee's unique investment philosophy embodied by the Fundstrat Granny Shots U.S. Large Cap ETF ($GRNY).

Lee's "granny shot" philosophy, named after the unconventional yet effective underhand free throw in basketball, identifies companies that may not always be flashy but possess consistently high-performing characteristics and are positioned to benefit from multi-year economic themes. The Fundstrat Granny Shots ETF, which manages over $2.27 billion in assets, seeks long-term capital appreciation by investing in U.S. large-cap stocks that align with these big-picture themes. According to Fundstrat, Tesla has been a "Granny Shot" since the inception of the list.

The tweet, which stated "> $TSLA is a granny shot 👵🏀", was accompanied by a "👇" emoji, directing attention to underlying reasons for this designation. Lee has previously emphasized that Tesla's "magical alchemy" stems not from government subsidies, but from its engineering talent, manufacturing expertise, leading AI and software capabilities, strong leadership, massive datasets, and future product pipeline. This perspective suggests a belief in Tesla's fundamental strengths beyond short-term market noise.

Further underscoring his unconventional yet high-conviction approach, Lee also serves as Chairman of Bitmine Immersion Technologies, Inc. ($BMNR). This blockchain technology company has rapidly pivoted to an aggressive Ethereum treasury strategy, aiming to become the "MicroStrategy of Ethereum." Bitmine Immersion Technologies recently surpassed $6.6 billion in crypto holdings, with Tom Lee stating, "In just a week, BitMine increased its ETH holdings by $2.0 billion to $4.96 billion… lightning speed in the company’s pursuit of the ‘alchemy of 5 percent’ of ETH.”

Lee's endorsement of Tesla as a "granny shot" suggests a belief in its enduring value proposition, even as the company navigates supply chain challenges and fluctuating sales in key markets like China. His investment philosophy prioritizes companies with robust underlying fundamentals that are poised for long-term growth, regardless of their current market sentiment or perceived "flashiness."