Tesla (#TSLA) weekly special report based On 1 Lot Calculation:
GLOBAL EV MARKETS:
- ELECTRIC VEHICLES (EV) MADE ONLY AROUND 9.0% OF TOTAL CAR SALES, WORTH 66.7 MILLION CARS IN 2022: The EV sector increased its market share from 4.11% in 2021 to around 9.00% off the global car sales in 2022.
- MARKET POTENTIAL: ELECTRIC VEHICLES (EV) COULD BE EXPECTED TO TAKE UP AROUND 50% OF GLOBAL CAR SALES BY 2030. The 2021 figures of 287.36 billion dollars are an increase of around 76% from 2020’s 160.01 billion dollars. Expecting this number to grow to 823.75 billion dollars, the EV market could be growing annually on average by 18.6%.
TESLA: EVENTS AND ANALYSIS
- EVENT (EXPECTED: JANUARY 1-5): Q4 CAR DELIVERY DATA (EXPECTED A NEW RECORD: 481,000). If Tesla meets the Wall Street consensus’ expectations of 481,000 cars delivered in Q4 2023, this would mark an increase of around 19% from the same period last year (405,278). In addition to that, that would be an increase of around 11% from Q3 of 2023 (435,059). Still the company is expected to deliver 1.8-1.9 million cars in 2023, which would be 37% to 44.6% up from 2022.
DATA SOURCE: Tesla
Please note that past performance does not guarantee future results.
- TESLA LAUNCHED ITS LATEST PRODUCT: CYBERTRUCK (NOVEMBER 30, 2023). According to Bloomberg, the Cybertruck comes in three configurations: rear-wheel drive, all-wheel drive and the so-called Cyberbeast. The cheapest version of the Cybertruck will cost $60,990, which is more than 50% over the price Musk floated when he announced the vehicle in 2019. That version, a rear-wheel drive model with a battery range of 250 miles, won’t be available until 2025. Tesla is offering delivery next year for the two more expensive models, including the Cyberbeast, which has a price tag of nearly $100,000. EXPECTED DELIVERY IN 2024: 100,000 to 120,000. Analysts believe that Tesla could deliver 100,000 or more Cybertrucks in 2024, and at least 240,000 in 2025.
TESLA: PRICE ACTION
- THE STOCK HAS TRADED 38% BELOW ITS ALL- TIME HIGH OF $414.4 (November 4, 2021). Tesla was last trading around $255, and if a full recovery follows to recent all- time highs, the stock could see an upside of around 62.5%. However, the price could decline further.
- ANALYSTS OPINIONS: Morgan Stanley forecasts $380. Wedbush forecasts $310. RBC Capital forecasts $300. Muziho forecasts $310.
#TSLA, December 20, 2023
Current Price: 255
Tesla |
Weekly |
Trend direction |
|
380 |
|
330 |
|
280 |
|
230 |
|
220 |
|
210 |
Example of calculation based on weekly trend direction for 1 Lot1
Tesla |
||||||
Pivot Points |
||||||
Profit or loss in $ |
125,000 |
75,000 |
25,000 |
-25,000 |
-35,000 |
-45,000 |
Profit or loss in €2 |
114,021 |
68,413 |
22,804 |
-22,804 |
-31,926 |
-41,048 |
Profit or loss in £2 |
98,680 |
59,208 |
19,736 |
-19,736 |
-27,630 |
-35,525 |
Profit or loss in C$2 |
166,639 |
99,983 |
33,328 |
-33,328 |
-46,659 |
-59,990 |
1. 1.00 lot is equivalent of 1000 units
2. Calculations for exchange rate used as of 09:10 (GMT) 20/12/2023
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