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TSLA MOTORS, INCTesla Bull Cathie Wood Says There's No Bubble, 2008-09 Debacle Has Put 'Fear' In Investors — And More Key Takeaways From Morningstar Appearance The head of the New York-based Ark Investment Management was speaking virtually at the Morningstar Investment Conference and discussed high equity valuation of stocks such as Tesla with veteran investor Rob Arnott, founder and chairman at Research Affiliates. Wood spoke at length on various issues ranging from how average electric vehicle prices are expected to fall dramatically to battery costs, falling traditional auto sales, how legacy automakers are far behind Tesla, and how investors have "become benchmark sensitive." Wood’s investment firm sold some shares in Tesla earlier this month after the stock rallied. Ark Invest still counts the Elon Musk-led company as its largest holding. 1. On Electric Vehicle Prices: “Last year, we globally produced and sold roughly 2.2 million electric vehicles. Based on that, the cost decline in battery pack systems — the largest cost component of electric vehicles — we believe the average electric vehicle price will drop below that of the average gas power vehicle price in the next year or so.” “It will continue to decline so that in the year 2025, the average Toyota Camry-like electric vehicle will be $18,000 while the regular Camy will still be roughly $25,000-$26,000.” 2. On Electric Vehicle Growth: “We believe the number of electric vehicles sold will scale from 2.2 million vehicles last year to 40 million which is almost half of the total car sales globally that we expect in 2025. That is a twenty-fold increase and an exponential growth to be sure, an 89% CAGR, simply based on the notion that these cars are going to become more affordable than gas-powered vehicles.” 3. On Automotive Inventories: "Many people think that the inventories out there are very lean in the auto sector, we don't think so. We think that inventories after a year of buying to avoid mass transit are parked in garages and driveways," Wood said. "And it's because gas power vehicle sales are falling apart.” 4. On Four Barriers To Entry Created By Tesla: "Tesla builds its cars on cylinder batteries while most others have based it on lithium-ion pouch batteries...which is roughly 15%-20% more expensive.” “So, its battery cost will be lower as far as we can see. The second barrier to entry is the artificial intelligence chip that Tesla designed," where it said the Musk company has pulled a leaf out of Apple Inc's “The other barrier to entry is the number of real-world miles driven that Tesla has collected,” Wood added. “The fourth barrier to entry is that Tesla is still the only car using the over the air software update to improve performance and prevent breakdowns.” 5. On Tesla’s EV Market Share: “There may be a lot of electric vehicle manufacturers out there but they are tiny. Tesla’s share is surprisingly high. We thought it would go down, at the end of 2018 it was roughly 17% of global sales, and instead, it went up. That has been a big surprise. That is a function of the four barriers of entries.” 6. On Legacy Automakers' Struggle: “In the early days of the battery...auto manufacturers and analysts laughed at Tesla for building its vehicles based on cell phone batteries that are blowing up in airplanes. Now we see General Motors Co GM +1.61%’s Bolt has had to recall most of the vehicles because its batteries are catching on fire. That was a concern 6-7 years ago and Tesla nailed that down and traditional automakers are having problems.” 6. On Legacy Automakers' Struggle: “In the early days of the battery...auto manufacturers and analysts laughed at Tesla for building its vehicles based on cell phone batteries that are blowing up in airplanes. Now we see General Motors Co GM +1.61%’s Bolt has had to recall most of the vehicles because its batteries are catching on fire. That was a concern 6-7 years ago and Tesla nailed that down and traditional automakers are having problems.”
FTX:TSLAUSD
by GerradFletcher
TESLA. HOLD OR SELL?WHEN TO BUY?Hey! My idea is bearish Decision price level is 700$ or zone of 685-705$. When the company could not pay its debts, it issued additional issues and paid off its debts in this way. So it was profitable to keep stock prices at high levels plus squeezing out short sellers. Now operating activities cover all costs, so the capitalization is not very important for the company's management. Now Tesla have a nice cash flow, low debt. The perspectives of growth here are high, but due to high P/E and P/S we should be ready for price correction. I see 8 reasons for deep correction right now: 1. Historically, September is a bad month for the markets. 2. Right now, the correction phase begins, the depth of which will be at least 3800-4000 according to the S&P500 index. 3. A good and understandable potential for a price drop. 4. The serial production of the truck and pickup truck was postponed. 5. There will be poor sales reports due to a shortage of chips. 6. The systemic crisis in China (evergrande and Alibaba) may affect the purchasing potential in the future 7. Cash flow financing due to an additional issue no needs to make anymore. 8. Joe is sleeping. And what if? If S&P500 correction will be stopped this or next week than it will be possible to see the new high.
NASDAQ:TSLAShort
by THG_trader
TSLA heavily shorted by Michael Burry!SCION ASSET MANAGEMENT, the hedge fund owned by Michael Burry - the man who bet against the housing market in 2008, if you are too young, you know him from "The Big Short", is now heavily betting against TSLA! He owns puts on Tesla for 35% of his portfolio, with a market value of $731,017,000! Besides the strong competition that TSLA has now in the EV sector, the U.S. National Transportation Safety Board would open an investigation into a fatal crash earlier this month involving a Tesla vehicle in Florida that led to the deaths of two people. My first price target is 690, but it can drop even further, to 601usd.
NASDAQ:TSLAShort
by TopgOptions
3
TESLA - LOOKS READY FOR NEW BREAKDOWN TREND Hello trading friends, Tesla looks depending on our new chart study depending on data and trends, that it's going to breakdown more into the trend. This could start in the short term - and the short targets could go in the long term also. ✅THe TA analyses show that tesla is the high top point, and this could be the start of a new breakdown point as we did expect here above. It looks to follow the effect of gold where we did update about it before. Have a great day.
CAPITALCOM:TSLAShort
by watchtrend
3
Lucid Group Long TradeBeen stalking this chart for 2 months waiting on my buy zone...and here it is! While a possible wick under our long-term support is possible my buy zone will still sit at $21.00. Our lines of support and resistance have been respected 100% of the time so far within this pattern, so I like the odds for this trade. In the event of a breakdown of this pattern, I will hold and wait for a recovery to the newly formed resistance at roughly $21.00. I expect both bullish and bearish scenarios to resolve between 1-2 weeks. This is not trading advice
NASDAQ:LCIDLong
by CryptoSomm
BUY Tesla (TSLA) for a breakout above $700Tesla's stock has demonstrated an extremely positive share price performance throughout the last two and a half months. The stock bottomed at around the $550 mark back in May, as the strong support there managed to stop the volatile stock price decline. The company was under severe pressure at the time following their sub-par Q1 earnings announcements, where it became clear that if it was not for the BTC sale that Tesla completed and the huge profit that it made from it, the company would have reported a Net Loss for Q1. In addition to that, many people started to realize that Tesla was receiving large government decarbonization credits and subsidies, which were the primary reason for the company's profitability. Furthermore, with the rising competition from the likes of Ford, General Motors in the electric vehicle market, investors have started to worry whether or not Tesla would be able to turn a profit in the event of a drastic decrease in the number of government decarbonization subsidies that it receives. The more companies there are that participate in the electrification of the Auto industry in the US the more candidates there will be for these government subsidies, thus Tesla will no longer be "the only show in town". However, we believe that in the short term most of the negativity has already been priced in, and the stock is about to reverse very soon. So basically, these have been the major company related reasons as to why the stock has been trading in the $550-700 range for few months now. This is way off its all-time highs of $900 that it reached earlier in the year. We've seen a strong pickup in the bullish momentum for the stock and everything points for a breakout above the $700 resistance mark, within the next few trading sessions. Once that resistance is broken, then the stock will be easily headed towards the $800-900 range heading into September. As you can see on the chart, all of the moving averages that we follow, as well as all of the key indicators that we use to define relative market strength and momentum are pointing higher. Thus, we would be opening a LONG TSLA position on a clear break above the $700 level and would be interested in potentially collecting a portion of our profit at around $890 for a 27% ROI.
NASDAQ:TSLALong
by DowExperts
A Technical Approach to Tesla (TSLA)In this post, I'll be going over Tesla's chart (TSLA) to discuss the technical aspect of the stock. Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk. Analysis - To begin with, what's most important to understand is the fact that the overall uptrend for Tesla is still intact. - The simple moving averages (SMAs) are all aligned in order, and the long term trend line, marked in green, is still valid. - We are seeing a textbook descending wedge in play. - The price has technically broken out of the pattern, and has retraced back to the support-turned-resistance, before it can form higher highs. - I would like to see a break and close above the 60 Simple Moving Average, marked in orange, as a sign of bullish confirmation. - Tesla's Artificial Intelligence (AI) Day will be taking place in Aug 19, which could serve as a stimulant for the bullish momentum. - Based purely on the structure of the chart, a move up to $1,400 is a probable case. If you like this educational post, please make sure to like, and follow for more quality content! If you have any questions or comments, feel free to comment below! :)
NASDAQ:TSLALong
by Michael_Wang_Official
4
Sunday Prep 7/25 - $TSLA Long & ShortRemember, the swing idea from a few months ago is still valid, so if you’re idea is to play the longer term long on the name, you can still view any pullbacks towards that 580-600 level as good entries with risk under those March lows. Over 700 and this thing looks like it can get frisky. I really don’t like the short idea on the name unless we were to convincingly break under those March lows and then I might consider pops back into levels as possible short opps. Only other way to short the name is on EXTREME extensions and those are not trades I would overstay.
NASDAQ:TSLALong
by TrueTraderOfficial