TSLA Gamma EOD
Net gamma increased by 65.3M to 52.7M as the stock gained 4.2% Tuesday. 1050 could act as a pin, while resistance is strong at 1100 and support at 1000.
UBS raised their TSLA tgt to $1000 from $725 today. Analyst Patrick Hummel added, "Tesla is likely to continue beating consensus expectations also in 2022 in terms of top line growth and margins, in a global EV market that keeps accelerating rapidly. Tesla's structurally better access to chips and batteries through vertical integration is a key differentiator vs. most competitors and should help to cement Tesla's market leadership with ~20% global BEV share, in combination with industry-leading profitability. We've raised estimates sharply to reflect this undisputed leadership (~30% ahead of consensus) - however, current valuation fully reflects such steep curve, in our opinion."
TSLA was also granted a US patent for "QOS manager for system on a chip communications"
UBS raised their TSLA tgt to $1000 from $725 today. Analyst Patrick Hummel added, "Tesla is likely to continue beating consensus expectations also in 2022 in terms of top line growth and margins, in a global EV market that keeps accelerating rapidly. Tesla's structurally better access to chips and batteries through vertical integration is a key differentiator vs. most competitors and should help to cement Tesla's market leadership with ~20% global BEV share, in combination with industry-leading profitability. We've raised estimates sharply to reflect this undisputed leadership (~30% ahead of consensus) - however, current valuation fully reflects such steep curve, in our opinion."
TSLA was also granted a US patent for "QOS manager for system on a chip communications"
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