Tesla Bull Case Scenario Profit Target Raised From $2500 to $3500 By Ives

Bull case scenario of the electric vehicle giant Tesla Inc! has been raised to $3,500 by Wedbush analyst Daniel Ives despite the stock rising about 45% since announcing a 5 for 1 stock split on Aug. 11.

Daniel Ives reiterated his Tesla Stock neutral rating with a $1,900 price target but raised his bull-case scenario target to $3,500 from $2,500.

This is the third time Daniel is raising his Bull-Case scenario this month.

1. On the 12th of August, He maintained a Neutral rating and a price target of $1,800 on the shares, with a $2,500 bull case target. 
2. On the 17th of August, Daniel Ives Raises Tesla Stock Price Target To $1900, From $1800.
3. On the 23rd of August, he is out again with a new upgrade but this time he reiterated his Neutral rating and $1,900 price target for Tesla but raised his bull-case scenario target from $2,500 to $3,500.

According to Ives Tesla has enough upside potential due to its potential in the Chinese auto market and its potential to be a global battery powerhouse.

“The pent-up demand in the China EV market for Model 3s and recent price cuts are creating a perfect storm of demand for Musk & Co. in this key market,” Ives wrote in his research report.

“Model 3 demand out of China remains a linchpin of success and appears to be on a run rate to hit 150k unit deliveries in the first year out of the gates for Giga 3 which is driving some strength for Tesla as well as Model Y deliveries starting to ramp as well,” he wrote in a note.

Battery innovations are the other piece of Ives’ puzzle. “Musk & Co. are slated to announce several new potential game-changing battery developments at its highly anticipated Battery Day on Sept. 22,” Ives said. “The company is getting closer to announcing the million-mile battery. In our opinion this battery technology will be very advanced, potentially last for decades, withstand all types of weather/terrain, and be another major milestone for the Tesla ecosystem.”

Battery Day

Tesla battery day is set for September 22, and according to Ives If battery technology and Chinese demand come up roses for Tesla, then the stock will keep working.

“Tesla could now have $35 [plus] of earnings power by 2025/2026 [versus] our prior estimate of $20 to $25,” he adds.

According to Tesla.com, The 2020 Annual Meeting will be held on Tuesday, September 22, 2020, at 1:30 p.m. Pacific Time.

Tesla’s separate Battery Day event will follow immediately after the conclusion of the 2020 Annual Meeting.

Live video webcasts of the 2020 Annual Meeting and Tesla’s Battery Day event will be accessible to the general public at www.tesla.com/2020shareholdermeeting.

To accommodate ongoing public health requirements and travel considerations, Tesla is also providing any stockholder as of July 31, 2020, the means to join the 2020 Annual Meeting virtually at www.meetingcenter.io/234436330. The virtual meeting will feature the same live video webcasts accessible to the general public, plus the option to submit votes and written comments on meeting agenda items. To join the virtual meeting, you will need the password, which is tsla2020, and a 15-digit secure “control number” unique to you, which you may obtain as follows:

• If you are a “stockholder of record” with shares registered directly in your name with our transfer agent, Computershare Trust Company (a minority of Tesla stockholders), you can find the control number on the Notice of Internet Availability or paper proxy card that was sent to you (please check that it is for the meeting as scheduled for September 22, 2020, NOT as previously scheduled for July 7, 2020).
• If you are a “beneficial owner” and hold shares through a broker, bank, or other organization (the vast majority of Tesla stockholders), you will have to register in advance to obtain a control number. Please ask your broker, bank, or organization for a “legal proxy” for the 2020 Annual Meeting and submit a copy of it from your e-mail address with “Legal Proxy” in the subject line to legalproxy@computershare.com. If your request is received no later than 2:00 p.m. Pacific Time on September 17, 2020, you will receive a confirmation e-mail with your control number.

Tesla Stock Price Target Downgraded To $87

Gordon Johnson, GLJ Research CEO & Founder has downgraded the stock of the electric vehicle giant to $87.

Gordon arguably the most bearish Tesla Stock analyst. Gordon was on Yahoo Finance’s The First Trade with Brian Sozzi to discuss why he remains bearish Tesla, as investors keep an eye on the stock split set to be distributed after market close on August 28th.

Tesla Is Detached From Reality

The price target is $87 per share, that’s a 2021 year price target. Tesla is detached from reality. Tesla is trading at more than double VW market cap, yet VW sold about 11 million cars last year, Tesla sold just under 307,000 last year, and Tesla is looking to sell roughly 500 cars this year.

Tesla US order peaked in the 4th quarter of 2018. They haven’t had higher US sales since the Q4 2018. Their US gross margin peaked in the 3rd quarter of 2018, Their global sales peaked essentially in the 4th quarter of 2018. IN the 2nd quarter of 2020, they lost $300 million.

We had a tulip bubble a hundred years ago when people kept buying bulb.

Analysts re saying Tesla is seeing strong growth in China, here is the reality, the reality is in July they sold about 11,400 cars in China, and they produced about 12,200, so they built inventories and that’s the spike. They are cutting the price of their cars, they have another facility in China, and yet they are selling fewer cars, so we think the reality is much different than what’s being pumped out there. We think the stock price is driving the analyst’s opinions, which is pro-founding to us versus reality.

Tesla Quarterly Revenue

Over the history of Tesla, I think it’s like 32 quarters, and only 4 of those 32 quarters have they had a positive net income excluding credit revenue sales. The problem is all those car companies are now selling electric cars, and Tesla is guiding their Credit Revenue sales to be down about 50% after this year. Their core business is loss-making. If you take the credit revenue away, they lost 300 million last quarter.

We believe by the end of next year, Tesla Share price will be at $87 per share.

Tesla Has No Secret Sauce

Tesla doesn’t make its own battery. Anybody can buy the battery from Panasonic, LG, and CATL. but nobody is buying them. “There is no secret sauce”.

If Tesla is a technology leader, why has their R&D dropped from 12% in 2017, to 5% the lowest amount in the history of the company? Their sales of FSD in a number of different countries has fallen by 50%. It’s a huge disconnect, reality vs what people are saying. We think when the real data matches up, we going to see the stock lower.

Tesla is comparable to AOL not Amazon because we think they have technology that is outdated. Tesla doesn’t lead in technology. I don’t think people understand what they own in Tesla. I don’t think they are the technology leader, and I think that will be proven this year.

Conclusion:

Gordon’s argument is based on credit revenue, and that Tesla will not be profitable next year because other car companies are now manufacturing electric vehicles, which means no credit revenue for Tesla going forward.

He also argues that Tesla is not making their own battery and that Tesla battery is sold to them by other battery makers, which can also be sold to other carmakers.

Guys what do you think about Gordon’s opinion?.

The Unstoppable Tesla Stock – $2000+

Is Tesla headed towards $7000 as predicted by Ark Invest CEO Catherine Wood?. Tesla shares surge 49% since announcing a 5-1 stock split.

Tesla Stock has been on fire ever since the electric giant announced the 5-1 stock split that is set to happen on the 31st of August. Tesla Stock trading will begin on a split-adjusted basis on August 31, 2020.

Tesla Stock is not the only stock driving the market crazy… Apple Inc! stock is presently trading around $500, after the technology giant announced a 4-1 split and trading will begin on a split-adjusted basis on August 31, 2020.

Both companies’ stocks have run substantially higher over the past 12 months without a stop sign in sight.

On August 11, the day the manufacturer of electric vehicles announced a 5-1 stock split, Tesla’s shares closed at $1,374.39. On Friday, Tesla’s stock jumped $48.15, or 2.4%, to an all-time high of $2,049.98. This follows the $123 gain on Thursday. 

Tesla Market Cap. is now about $380 billion as at Friday’s closing after a 2.41% rally, and the Stock is presently up almost 4% in pre-market while it trades around $2,130.

If anything, today is going to be another super volatile day for Tesla and Apple investors as the mad rally continues.

IN February, Ark Invest CEO Catherine Wood in an interview on CNBC Fast Money explains why Tesla can hit $7000 in 2024, and also the chances of Tesla Share price surging above $7000 and reaching $15000. The interview was deemed rediculous and miss-leading by most wall street analysts. Tesla Stock Can Hit $15000 – Biggest Bull Predicts

According to Cathie, Tesla is way ahead of the competition. Tesla battery is 3 years ahead at least. For ICE car makers to compete head-to-head with Tesla, Cathie said they will have to sell their cars at a loss, at the same time they are losing their ICE business.

If Tesla Stock rally continues at the space, $7000 may be reached before the end of 2020, and Cathie may be forced to come up with a new price target.

The CEO Elon Musk is presently the 4th richest man in the world, after Facebook’s Mark Zuckerberg. Mark, hope you not sleeping?, Elon is coming for your throne!. Tesla shares have been on a tear all year, skyrocketing 390% since New Year’s Eve.

Checkout What German Politicians/Experts Think About Tesla Gigaberlin

The planned new electric vehicle factory of the US company Tesla in Grünheide near Berlin in Brandenburg is driving everyone crazy in Germany. Below are some quotes am able to put together from German politicians and some car experts about the ongoing Gigaberlin construction and Tesla coming to Germany in general.

1. Federal Government’s SME Commissioner, Thomas Bareiß (CDU): “Tesla shows what is possible when political will, as well as efficient and fast processing procedures in administration and courts, meet the will to implement in business and industry,” said Bareiß to the “Handelsblatt” on Wednesday.
2. Parliamentary State Secretary in the Federal Ministry of Economics: If the final building permit is actually given in November, the duration of the procedure, at just twelve months, would be “more than a record,”. Tesla could not only stir up the German automobile market but also revolutionize our location in Germany in terms of approval procedures for industrial plants.
3. Michael Hüther, Director of the Cologne Institute for Economic Research (IW), speaks of a “signal effect”. The rapid construction progress in Grünheide is “a great example of how intelligent and early coordination after a fundamental decision can accelerate planning and implementation,” said Hüther to the “Handelsblatt”. The fact that Tesla is also planning battery production in Germany speaks for a “suction effect”.
4. Industry expert Ferdinand Dudenhöffer sees it similarly. “Tesla gives us development aid,” he told the newspaper. “Our suppliers are being drawn along with the car manufacturers.” The project is “a blessing for Germany”. “The body shell construction is very investment-intensive. Tesla needs fewer presses and welding robots and can thus achieve a good 20 to 30 percent cost savings in the shell construction, ”said the auto expert in an interview. “Once again, Tesla has a clear time advantage over other car manufacturers.”
5. The Brandenburg Environment Minister Axel Vogel (Greens) praised Tesla for its project management. “Tesla is constantly working on improvements,” Vogel told the “Handelsblatt”. “Where other companies struggle, Tesla signals: We don’t want to create problems, we want to solve problems.” As an example, the minister cited the water consumption of the future factory, which is being built in a drinking water protection area. Annual water consumption has been more than halved from originally three million cubic meters to 1.4 million.

Tesla wants to roll off up to 500,000 vehicles a year in Grünheide in Brandenburg from July next year. The final environmental approval from the state of Brandenburg is still pending. Tesla is already building at its own risk with early approvals.

Panasonic To Boost Tesla Battery Production Capacity By 10%

Tesla battery supplier “Panasonic”, the Japanese electronics giant, plans to raise production capacity by 10% in 2021, which is expected to boost the battery production for Tesla, with a massive investment of over $100 million.

The relationship between Tesla and Panasonic has been a rocking one since Panasonic struck a deal in 2016 to jointly produce solar cells at Tesla’s “Gigafactory 2” plant in Buffalo, N.Y.

This latest investment is expected to add another production line to Gigafactory 1, which already runs on 13 production likes. Adding one more line is expected to increase the battery production capacity by a whopping 10% (about 39 GWh per year. according to Nikkei.

Panasonic has been Tesla’s most important battery supplier, which based on a recent agreement should last until at least 2023… In 2010, Panasonic invested $30 million in Tesla to deepen the partnership and foster the growth of the electric vehicle industry. Panasonic makes the 2170 cells at Gigafactory 1, which Tesla then uses to make battery packs for the Model 3. The 2170 cells are also used in Tesla’s newest vehicle, the Model Y.

Tesla revealed in January 2020, that it entered into a partnership with South Korea’s LG Chem Ltd and China’s CATL for the supply of batteries used in its electric cars.

Until now, Tesla currently buy cells from Panasonic made in Japan for Model S and Model X, as well as cells made by Panasonic at Tesla’s Gigafactory 1 in Nevada for Model 3. The automaker used those cells, which they help design, to make their modules and battery packs, but they have never produced their cells.

The latest Panasonic planned investment will surely easy the huge tension that started in 2019 between Tesla and Panasonic. This is the first capacity expansion at Gigafactory since it opened in 2017. Panasonic is also upgrading the batteries being produced at Gigafactory, raising each battery’s storage capacity by 5%, starting in September. Nikkei reports.

Tesla To Finish Gigaberlin DU Within 19 Days

Tesla factory in Germany known as “Gigaberlin” is rising at the speed of light.

Tesla CEO Elon Musk has promised investors to make Gigaberlin one of the best car manufacturing factories in the world, with world-class machines that make the machines. He also added that the Made-In-Germany Model Y will be revolutionary.

According to Tesla employees on-site, Elon Musk is always in contact with them, to monitor the progress and support wherever or whenever he can.

Latest Photos

New #GigaBerlin pictures from today. I was facing a lot of changes.

1. Pile driving in the stamping area (center right)
2. Tar at the parking area
3. Main entrance closed due to tar preparations
4. First tiles at east wall of drive unit

Album updated:https://t.co/nG3RDUiMje pic.twitter.com/flDwhNtjBR

— Giga Berlin / Gigafactory 4 (@gigafactory_4) August 18, 2020

I have learned that the drive train for the Tesla vehicles will be manufactured in the Drive Unit building which according to Tesla employees in an interview with Business Insider, will be completed in just 19 days.

The Drive Unit is arguable one of the most important buildings on the site. The axles and the electric motors which will be built in the DU are going to drive the vehicles.

“The pressure is huge,” one employee told Business Insider. The Tesla colleagues from the USA call every day, several times a day – and get up at 3 or 4 a.m. so that they can be reached in the morning from European time. Elon Musk often uses the phone himself, says the employee. At the same time, he emphasizes that, despite the enormous pressure, the working atmosphere and “the spirit” on-site are better than anything he has experienced in German projects.

The Corona Pandemic

Tesla Gigaberlin “Opening Day” was scheduled for March ending before the coronavirus lockdown began. Most of the Tesla workers from the USA had to fly back on the same day, and only a handful was left behind to ginger the swagger of the German workers.

This was another smart move of Tesla, to keep the working atmosphere at the construction site positive.

Piles Installation Continues…

A friend of mine “Jurgen” on-site shared the photos below on twitter yesterday.

#GigaBerlin

August 18 /2020

2 pile drivers are available in the pit of the pressing plant ( ST ).
The first piles will soon be driven into the ground.
Optimistic estimates assume that the work will be completed in 10 days….#elontime 📈 pic.twitter.com/WaDW4LNGDS

— @GF4Tesla 🇩🇪 🏗️🏗️.build #GigaBerlin. (@Gf4Tesla) August 18, 2020

Tesla is now installing the Piles needed for the rest of the buildings, such as the Press Shop (which according to experts will be significantly heavier than the rest of the factory). Tesla has so far installed about 500 piles, with just 550 piles left to go.

It’s still known that the construction of Gigaberlin is at Tesla’s risk, as all necessary permits are not yet given. Once the next permit is given in the next couple of days I suppose, Gigaberlin Water and Power will be officially turned on, and the public parking lot which is presently being built, and which is expected to have a charging station for visitors, will be fully functional.

2020 Top 6 Carmakers Making Profit So Far In The German Market – Guess Where Tesla Ranks?

Remember when Ford warns of a $2 billion loss in the first quarter due to coronavirus pandemic?. It is known to most car enthusiasts that the first half of the year has been a horrible one for most ICE car markers. Tesla is arguably the only vehicle manufacturer that stands up tall and keeps growing by building factories after factories.

Ford CFO Tim Stone warned investors in April that the company expected to lose more than $5 billion, on an adjusted pretax basis, during the second quarter as the pandemic shuttered factories and severely hampered auto sales, more than doubling the first-quarter’s $2 billion financial loss.

This interesting study by industry expert Ferdinand Dudenhöffer shows that.: accordingly, the car sales of the VW Group in the first half of the year fell by 28%, that of Toyota by 29%. A disaster. But broken down to the individual vehicle, it looks a little different. As Dudenhöffer analyzed, Volkswagen made a loss of 415 euros per car sold, while Toyota still earned 533 euros per car sold. This shows “that the VW group must certainly make more adjustments than Toyota,” writes Dudenhöffer.

The study shows that only one car company Porsche from the Volkswagen Group was able to beat Tesla in Germany in the first half of 2020. and only 5 car manufacturers, made a profit in the German market so far January – June 2020.

1. Porsche (VW Group) +9,853 euros per vehicle
2. Tesla +2,890 euros per vehicle
3. GM +780 euros per vehicle
4. Skoda (VW Group) +748 euros per vehicle
5. PSA-Opel +707 euros per vehicle
6. Toyota +533 euros per vehicle

Any company not listed above has made nothing but losses in the German market (and highly possibly in other countries as well). Volkswagen, Daimler, Fiat, Ford, among others reported huge losses for the first half of the year 2020.

“Elevator music is underrated ” – Elon Musk’s Coded Tweet Decoded!.

Am going to decode the latest coded tweets from Tesla CEO Elon Musk in this post.

• Date: If we take a look at the time: 11:01 PM, it has almost no meaning at the moment. As 11 could be the 11th day in January 2021, or simply the 1st of November 2020.The Meaning: Both of these dates have no known meaning at the moment. So I will watch out for these two days.
• The Video: The video share by the 4th richest man in the world is a video of a part of SpaceX rocket, fairing being caught by Ms Tree. Yesterday Falcon 9 launches 58 Starlink satellites and 3 Planetlabs SkySats – the first time a booster has completed six flights to and from orbit. The Meaning: It can only mean Elon Musk reminding Tesla investors that there is strong support below the present price level. And they need not fear.
• “Elevator music is underrated“: This is the most interesting part. If you google the meaning of Elevator music, you will find this: “What does Elevator mean?: one that raises or lifts something up: such as. a: an endless belt or chain conveyor with cleats, scoops, or buckets for raising material. b: a cage or platform and its hoisting machinery for conveying people or things to different levels. c: grain elevator.” – http://www.merriam-webster.com. “Platform” is another name for Elevator. “Elevator music, more commonly known as Muzak, came to use in the 1922 with original purpose to calm the fearful passengers who used the elevators for the first time.” – http://www.elevatorhistory.net

DECODING

Elevator music came to use in the 1920. Tesla Stock price yesterday hits a $1,920 mark. Is that a coincidence?

Lots of investors must have sold their positions yesterday thinking the rally was based on no news, according to most analysts.

The stock’s day’s range is ($1,845.11 – $1,923.87) and Tesla Market Cap. is now $351.682 billion.

Elevator music is underrated

— Elon Musk (@elonmusk) August 19, 2020

Tesla CEO Elon Musk in May 2020 said the price of his electric vehicle giant company was too high in his opinion when the shares were trading around $800.

Tesla Is Now Worth $342 Billion – Elon Musk Now World’s 4th Richest Man

Check this one out guys; found this genius piece on Twitter. Ofc, I am in Germany which happens to have a different time-frame than the USA, so it wasn’t easy for me to figure this one out!.

Found this on twitter.

“Chairs are underappreciated“

Check this last one out guys, in January 28th 2020, Elon musk said “Chairs are underappreciated“.

Chairs are underappreciated

— Elon Musk (@elonmusk) January 28, 2020

This kind of tweets are not common. Only Tesla CEO is able to pull them off nicely, without getting into any sorts of troubles. Genius!.

“Tesla is absurdly overvalued” – Elon Musk’s Coded Tweet Decoded!.

Am going to decode 2 top coded tweets from Tesla CEO Elon Musk in this post. This is a post I wrote some weeks ago but just didn’t publish it until today.

Tesla CEO Elon Musk in May 2020 said the price of his electric vehicle giant company was too high in his opinion when the shares were trading around $800.

Tesla Is Now Worth $342 Billion – Elon Musk Now World’s 4th Richest Man

“Tesla shares tumble as Musk says company’s stock is overvalued” became a hot topic on the internet and on twitter, as investors question if his twitter account has not been hacked, again!.

The tweet wiped off $14 billion (€12.8 billion) of Tesla’s market value and some $3 billion from Musk’s own stake in Tesla. The guy was literally telling us what he believed was going to happen in August, but we were to blind to see.

Tesla stock price is too high imo

— Elon Musk (@elonmusk) May 1, 2020

I think Elon Musk was trying to indirectly suggest the share price of Tesla was ridiculously undervalued?. And he was kinda advising we the followers/investors to consider buying more shares of the electric vehicle giant.

Is your mind blown yet?. keep reading.

Check this out guys, In 2017, Elon Musk replied to a post from a Tesla follow, which reads: “Stock price reflects the future (potential) of the company, not the present… #101“, are you familiar with what happened after that tweet?.

The CEO then replied with: “Exactly. Tesla is absurdly overvalued if based on the past, but that’s irrelevant. A stock price represents risk-adjusted future cash flows.”.

Exactly. Tesla is absurdly overvalued if based on the past, but that's irrelevant. A stock price represents risk-adjusted future cash flows.

— Elon Musk (@elonmusk) April 3, 2017

The next time to see the Electric giant CEO tweet about price of the Stock, take your time to dig a bit deeper, and try to figure out what message he is trying to convey to you.

Check this one out guys; found this genius piece on Twitter. Ofc, I am in Germany which happens to have a different time-frame than the USA, so it wasn’t easy for me to figure this one out!.

found this on twitter.

Who here remembers when Elon Musk tweeted that TSLA stock was too high?, He tweeted that on May first. 5/1. 5 for 1 split. That tweet was his way to telling us he was going to split the stock.

“Chairs are underappreciated“

Check this last one out guys, in January 28th 2020, Elon musk said “Chairs are underappreciated“.

Chairs are underappreciated

— Elon Musk (@elonmusk) January 28, 2020

This kind of tweets are not common. Only Tesla CEO is able to pull them off nicely, without getting into any sorts of troubles. Genius!.

Tesla Is Now Worth $342 Billion – Elon Musk Now World’s 4th Richest Man

Tesla Stock rallied 11.20% on Monday, propping the electric vehicle giant market valuation even higher to $342.094 billion. 

Tesla CEO, Elon Musk, the same man that sent a sports car for the first time in human history to space, is now the 4th richest man in the entire universe. Elon Musk sent a $100K Tesla Roadster to space on a Falcon Heavy rocket on February 6, 2018. Since then, Musk’s red car, which is helmed by a spacesuit-wearing Starman, has been traveling farther and farther away. According to astronomers, Starman’s next close approach with Earth is expected to happen in 2047 within 3 million miles. … It’s somewhat unlikely that Starman will be brought back to Earth shortly, but perhaps technological advances in the distant future could make this possible.

Elon Musk Is Now World’s 4th Richest Man

The tech genius net worth has increased to $84.8 billion after gains nearly $8 billion ($7.78 billion) in a single day.

It’s Offical!. Elon Musk as at this moment is now a member of the elite group of five richest people on Earth. The only people placed above him right now are Mark Zuckerberg ($99 billion), Bill Gates ($121 billion) and Jeff Bezos ($188 billion). 

According to the Bloomberg Billionaires Index, Musk’s wealth jumped after a tech rally on Wall Street saw Tesla shares rise by 11 percent at Monday’s closing.

Tesla Stock Pre-Market

The stock of the electric vehicle giant is presently trading at $1,895.00, up about 3.23% from yesterday’s closing price of $1,835.64.

The rally is mostly rumored to be caused by the upcoming 5-1 stock splits – Here Is What Tesla 5-1 Stock Split Means, Battery Day set for September 22, followed by the Third Quarter Delivery report.

Analysts are propping up their price target on the stock as well, as the rally continues. Wedbush Analyst Daniel Ives Raises Tesla Stock Price Target To $19000, From $1800

In Conclusion: While the coronavirus pandemic has made most billionaires lose billions of dollars, Elon Musk has made $57 billion.