Folks, investors can't simply believe everything a company's executive says... Take Tesla (TSLA), for example. Elon Musk's electric-vehicle company rolled out the first iteration of its "Autopilot" system in late 2015.
An Unknown Stock Didn't Need Empty Promises to Grow 300%
By Joe Austin, senior analyst, Chaikin Analytics
Folks, investors can't simply believe everything a company's executive says...
Take Tesla (TSLA), for example. Elon Musk's electric-vehicle company rolled out the first iteration of its "Autopilot" system in late 2015.
Now, the name implies that Tesla vehicles are fully autonomous... But really, the Autopilot features cover a range of driver-assistance capabilities.
And yet, Musk has made repeated claims that fully autonomous Tesla cars will be ready for drivers soon. And numerous attempts to launch the tech have failed miserably.
For instance, let's start in May of 2017. At that time, Musk said Tesla was on track to send a car on a fully autonomous trip from Los Angeles to New York City by the end of the year.
During the Tesla Autonomy Day event in 2019, Musk made more bold claims. According to Musk, more than a million cars would feature full self-driving tech within a year "for sure."
But he didn't stop there...
Musk also said that Tesla owners could earn up to $30,000 a year by giving autonomous taxi rides while not using their cars.
At the end of 2020, Musk was still "extremely confident." He again claimed that Tesla would release full self-driving capability to its customers in the next year...
In case you were wondering how you missed news coverage of these huge technological breakthroughs... You didn't. None of these claims panned out exactly as Musk hoped.
And to make matters worse, several fatal accidents and safety issues have plagued the self-driving program.
Now Musk is at the helm of 2026's most hyped-up IPO. And he has made similar promises about SpaceX (SPCX) that only time will be able to judge...
For example, Musk wants to launch 1 million AI satellites into space. And he's hoping to construct "the most epic" semiconductor factory in Texas. Of course, he promises it won't harm the local water supply or strain the county's power infrastructure.
But as these broken promises pile up, I ask this important question...
Do we really care what Elon Musk says he'll do next?
Some of you may like Musk personally, and that's OK. But as investors, we can't risk throwing our hard-earned money at a man with a track record like Musk's...
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According to legendary tech investor Jeff Brown, three words on page 37 of the SpaceX IPO filing signal that Elon Musk is about to trigger a rare wealth supercycle and send billions into a sector nobody associates with tech. Click here now to watch his urgent strategy session.
Since the start of 2026, the stock has shed 23% of its value. And the Power Gauge has flashed seven unique sell alerts for the stock...
Most recently, our system triggered an "overbought sell" alert on August 10. That was right on the heels of a "Money Flow sell" alert on August 6.
Take a look at the struggling stock here...
As we've said before, the Power Gauge won't issue a rating for SpaceX until a year after its IPO. But shares are already down 9% in the past two months.
You don't need to settle for Tesla's falling stock or SpaceX's volatility. There are many little-known companies making investors real returns.
One example is Backblaze (BLZE).
This tiny cloud-storage company has grown 309% since the start of 2026. And there's a good reason for that.
Backblaze stores massive amounts of data at a fraction of the price of other cloud services.
While Amazon may charge $26 per terabyte per month, Backblaze charges $6.95.
The company uses specialty magnetic hard-disk drives instead of the pricier memory hardware that other, bigger companies use today.
This means Backblaze isn't taking a loss even with lower prices. Instead, it's leveraging older, less expensive tech to offer bulk storage at a discount.
And Backblaze has grown its annual revenue by double-digit percentages in each of the past five years.
Due to this growth, the Power Gauge rates Backblaze as "bullish." And even better, my powerful Earnings Quality filter gives the company a "very high" rating.
Backblaze is a small company for now – its market cap is below $2 billion. So, I'd do more research before investing in the stock...
But this shows that you don't need Elon Musk's empty promises to make money. Just remember that the market is ripe with opportunities outside Tesla and SpaceX.
Good investing,
Joe Austin
P.S. Later this morning, I'll be going on camera with Chaikin Analytics founder Marc Chaikin to bring our readers an urgent message...
Put simply, there's a disconnect in the markets amid the IPO boom. And it could unlock the biggest AI moneymaking opportunity of the next 12 months.
We'll also share how we can leverage the Earnings Quality tool to find the best opportunities within this situation. At the same time, you'll hear how we'll filter out the stocks you'll want to avoid at all costs.
Marc and I are going on camera at 10 a.m. Eastern time today – you won't want to miss it!
Market View
Major Indexes and Notable Sectors
# Hld: Bullish Neutral Bearish
Dow 30
-0.49%
9
15
6
S&P 500
-0.47%
134
253
107
NASDAQ
-0.16%
30
53
16
Small Caps
-0.34%
611
973
332
Bonds
-0.84%
Oil, Gas and Consumable Fuels
+1.58%
28
20
3
— According to the Chaikin Power Bar, Small Cap stocks and Large Cap stocks are somewhat Bullish. Major indexes are mixed.
* * * *
Sector Tracker
Sector movement over the last 5 days
Energy
+3.99%
Utilities
+2.43%
Information Technology
+2.15%
Real Estate
+0.97%
Industrials
+0.93%
Staples
-0.32%
Financial
-0.40%
Health Care
-0.83%
Communication
-0.90%
Materials
-1.77%
Discretionary
-2.44%
* * * *
Industry Focus
Insurance
30
22
1
Over the past 6 months, the Insurance subsector (KIE) has underperformed the S&P 500 by 4.8%. However, its Power Bar ratio which measures future potential is Very Strong, with more Bullish than Bearish stocks. It is currently ranked #2 of 21 subsectors and has moved up 1 slots over the past week.
Top Stocks
ACGL
Arch Capital Group Ltd.
AFG
American Financial Group, Inc.
AIZ
Assurant, Inc.
* * * *
Top Movers
Gainers
SNDK
+8.88%
COHR
+7.79%
FIX
+6.04%
TER
+5.81%
AMAT
+5.55%
Losers
CVNA
-7.28%
CHTR
-6.59%
STZ
-6.19%
ALGN
-5.60%
TTD
-5.23%
* * * *
Earnings report
Earnings Surprises
FN Fabrinet
Q4
$4.10
Beat by $0.29
* * * *
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