Tesla (#TSLA)

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 total global car market grew just 4.5% in 2021, by around 66.7 million cars. In 2020, the world sold around 63.8 million cars. The estimates say that around 6.5 million electric vehicles (EVs) were sold worldwide in 2021, up 109% from 2020. EV sales represent around 9% of all passenger car sales in 2021. The EV sector increased its market share from 4.11% in 2021 to around 9.00% off the global car sales.
• 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 (CONFIRMED: JULY 19, AFTERMARKET): Q2 EARNINGS REPORT. Tesla is expected to post a revenue figure of 24.55 billion dollars for Q2 of 2023. This could be up 45% from the same period last year (16.934 billion dollars). The company could also be expected to post a net income of 2.849 billion dollars. This would be up around 20% from the same period last year (2.371 billion dollars).
• NEWS (JULY 2): Q2 CAR DELIVERY (NEW QUARTERLY RECORD: 466,140). Tesla delivered a new quarterly record when it released 466,140 cars been delivered in Q2, beating Q1 2023 record of 422,875. 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.
• STATISTICS (2020- 2023) (TABLE I): TESLA STOCK RISES ON AVERAGE 9.42% BETWEEN QUARTERLY DELIVERY DATE AND QUARTERLY EARNINGS DATE.

TABLE I: TESLA STOCK PRICE ACTION BETWEEN DELIVERY AND EARNINGS DATES (2020- 2023) *

DATA SOURCE 1: BLOOMBERG

DATA SOURCE 2: FORTRADE METATRADER 4

Please note that past performance does not guarantee future results.

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*- Note that prices are not adjusted for stock splits

TESLA: OTHER ANALYSIS

• TESLA AGAIN CONSIDERING TO ENTER THE INDIAN MARKET: Reportedly, the company is in talks with the Indian officials to build a factory there.
• TESLA CONSIDERING TO BUILD A GIGAFACTORY IN SPAIN: Tesla is reportedly considering building a new factory in Valencia, Spain, that could be worth close to 5 billion dollars.
• NEXT GIGA-FACTORY: MEXICO AND INDONESIA. Tesla is close to a deal to start building new Gigafactories in Indonesia and Mexico, with a capacity of more than 2 million vehicles. All that will be in addition to current factories in Berlin (Germany), Shanghai (China), Fermont and Austin (USA). Including Indonesia and Mexico, Tesla could reach a production capacity of more than 4 million vehicles yearly.
• CYBERTRUCK (PICK-UP) COMING IN THE SECOND HALF OF 2023. Elon Musk said he expects the Tesla Cybertruck to sell between 250,000 and 500,000 units per year once production is fully ramped.

TESLA: PRICE ACTION

• THE STOCK HAS TRADED AROUND 41% BELOW ITS ALL- TIME HIGH OF $414.4 (November 4, 2021). Tesla was last trading around $275, and if a full recovery follows to recent all- time highs, the stock could see an upside of around 51%, however the price could decline further.
• ANALYSTS OPINIONS: Wedbush forecasts $300. New Street Research forecasts $300. RBC Capital forecasts $305.

#TSLA, July 5, 2023
Current Price:275

Example of calculation based on weekly trend direction for 1 Lot¹

1. 1.00 lot is equivalent of 1000 units

2. Calculations for exchange rate used as of 11:00 (GMT+1) 05/07/2023
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