Oppenheimer Reiterates Buy On Tesla Stock With A Price Target Of $451

Long time Tesla Stock analyst Colin Rusch from Oppenheimer has just reiterated a buy rating on the stock of the electric giant Tesla Inc!.

Tesla stock rose Wednesday morning and recovered some of the massive losses from yesterday which was another record-breaking bearish closing that Tesla investors haven’t seen in months.

In a report released today, Colin Rusch from Oppenheimer maintained a Buy rating on Tesla, with a price target of $451.00.

Tesla is presenting trading about $355 at the moment, up about 7% since the market opened, after a massive selloff of -21% that forced stock of the electric vehicle giant to close at $330 yesterday.

“I think they have more to go on the downside before they bounce in any kind of meaningful way. These are great companies on a long-term basis, but since they got so far ahead of themselves, I think they’ve got further to drop, and they won’t bounce back as quickly as a lot of people think they will,” said Matt Maley, chief strategist at Miller Tabek, while on Yahoo Finance yesterday. Matt Maley is the same Analyst that suggested Tesla will crash and compared Tesla to Amazon of the year 2000 when Amazon stock crashed about 90% after what Matt called a huge bubble.

Tesla Stock Is Undervalued

Ark Invest CEO Catherine Wood still believes “Tesla is way undervalued even with the massive move it’s had”.

Our bear case is $1500, a 5-year target.

Cathie Wood of Ark Invest.

“In our bear case, we have nothing for ride-hailing and we have nothing for autonomous. If they do that, and we think they will” Cathie added.

Below is an interview of Tesla long time bearish analyst Gordon Johnson on why he believes Tesla is overvalued and headed for $19 by the end of the year 2021.

Daimler Sold It’s ~10% Tesla Stake For $780M In 2014

Daimler and Tesla first started working together over 10 years ago, with Musk’s electric automaker Tesla Inc!. providing lithium-ion battery packs and charging technology for a Daimler electric smart car.

How FOBO Ruined Daimler’s Billion Dollars Tesla’s Share Opportunity

FOBO is driven by narcissism because when you have FOBO, you’re putting your interests well before anybody else’s. FOBO means Fear Of Better Option.

Tesla was the powertrain provider of Daimler before the two went their separate ways in 2014. The powertrain was used to power the A-Class and B-Class electric cars before Daimler divested from the company in 2014.

In 2009, Daimler paid $50 million to acquire a stake of almost 10% in Tesla. That almost 10% stake in Tesla was sold in 2014 sadly for roughly $780 million. Daimler could be sitting on a massive wealth of over $5 billion in Tesla stock ownership as of today, had they not sold their stake in Tesla.

Just a decade later, Tesla is now worth over 8 times Daimler, and is now the world’s most valuable car manufacturer, with a market cap of $464.339 billion.

Tesla’s average stock price in 2014 was $223.3291, before the 2020 5-1 stock split ofc. At $223, the company market cap was below $50 billion.

Tesla-Mercedes Electric Van Coming Soon?

Elon musk in 2018, once suggested it may be interesting for Tesla to work with Daimler/Mercedes on an electric Sprinter. This is something most YouTubers are not talking about, and nobody seems to see this happening. Am I alone on this?.

Most Tesla followers are predicting Tesla may build a CyberVan, but in my opinion, Tesla will possibly work with Daimler to build an electric van, but I doubt it would be named CyberVan.

Maybe interesting to work with Daimler/Mercedes on an electric Sprinter. That’s a great van. We will inquire.

— Elon Musk (@elonmusk) November 19, 2018

Elon Musk has also suggested Tesla may be working as a power-train supplier soon, as he would love to see other ICE car manufacturers go all-electric in the nearest future, and if that requires Tesla to help them out with powertrain technology, so be it.

To be continued :D.

Gigaberlin Installs (SAC) Single Access Control Doors For Elon Musk

Tesla CEO is presently in Germany on a business trip. Apart from his business meeting with Curevac, a company based in Tübingen, Germany, Musk will be visiting Tesla’s first Europe factory, the Gigaberlin, to witness the insane construction progress.

Tesla has installed a single access control entry units at gigaberlin, this entry gate was not there the last time I visited the factory. This is a sign that security is becoming tighter at the factory ahead of the CEO’s visit.

Photo by https://twitter.com/Gf4Tesla

One of the managing directors of the Curevac main investor Dievini, Christof Hettich, revealed to the “Mannheimer Morgen” that Musk would be in Germany on Tuesday and Wednesday.

CureVac is a biopharmaceutical company headquartered in Tübingen, Germany, that develops therapies based on messenger RNA. The company’s focus is on developing vaccines for infectious diseases and drugs to treat for cancer and rare diseases – wiki

Gigaberlin construction is expected to set a new construction record, beating Gigashaghai’s construction record time, as the factory is set to come online and start massive production of the (Made In Germany) revolutionary Tesla Model Y, in 2021.

Musk has said several times that the MIG Model Y will be revolutionary.

“Tesla is building RNA microfactories for CureVac and possibly others as a side project,”

Elon Musk

According to Elon Musk, Tesla is going to buid a RNA microfactories for CureVac and possibly some other side projects that is not yet known to the general public.

We are currently developing a vaccine against the coronavirus based on our mRNA technology that is especially suitable to provide a rapid response to this viral outbreak situation. All our internal efforts are focused on this challenge with the goal to reach, help and protect people all over the globe: We declared COVID-19 our core project.

With our mRNA technology, we instruct the human body to activate its own defense mechanism. To that, we use the natural messenger substance mRNA that contains the construction manual needed to produce proteins. We program this messenger substance with the information about one protein of the coronavirus and inject it into the human body. The body recognizes the protein produced by our cells as something unknown and activates its immune cells to produce antibodies and T-cells against it. In this way, we imitate the natural viral infection and activate the endogenous defense system.

CureVac

“We’re Focused On Developing New Products & Scaling Production” – Elon Musk

Tesla CEO in a response to one of his over 38 million Twitter followers on Wednesday, made it clear that Tesla is completely focused on developing new products, and scaling production.

The twitter user, popular for his tweets and YouTube videos about SpaceX, another Musk’s company, asked if there has ever been a consideration for a legit racing branch of Tesla, such as Formula E, Rally, drag racing. “It’d sure be fun to see and help show off the tech!” he adds. Musk replied with a NO!.

Tesla presently has a lot of things going on almost at the same time, and the CEO hands must be super full as well because in two day’s time, he will be showing the world what one of his companies has achieved, am talking about Neurallink.

Musk has spoken repeatedly about his belief that BMI devices are needed to help humans keep up with AI by supplementing our brainpower, but right now, his goal is much simpler: to create an implantable device that lets people control phones or computers with their mind. more on the verge.

According to Elon Musk, Neuralink will be demonstrating a working device, which is believed to be an interface for brain and computer, at 6 PM ET on Friday.  Neuralink is developing implantable brain–machine interfaces (BMIs). In July, Elon Musk said Neuralink has already implanted chips in rats and plans to test its brain-machine interface in humans within two years, with a long-term goal of people “merging with AI.” In June Musk said Neuralink chip will allow humans to stream music directly to brain, he also said that Neuralink “could help control hormone levels and use them to our advantage (enhanced abilities and reasoning, anxiety relief, etc.).”

According to Elon Musk in July “Tesla German-built Model Y is going to be ‘a revolution in auto body engineering’. He has spoken a lot about the upcoming German-built Tesla Model Y, which he claims is going to be “a revolution in automotive body engineering.”.

Just last week, Musk said that Tesla has managed to turn what was originally 70 parts in Model 3’s rear underbody into just two parts in the Model Y electric SUV. … Last month, Musk admitted that it has been “tricky to maintain rates and keep growing the rate for Model Y casting.”

Yesterday, Tesla made an announcement that it started operating the world’s largest casting machine at the Fremont factory. This machine will also be used to manufacture Tesla Model Y in Germany, once the construction of the first European factory is complete.

Multi-directional single casting machine for car body has started operation at Tesla Fremont factory.

Live webcast of working @Neuralink device
Friday 3pm Pacific https://t.co/PouLbrGzFU

— Elon Musk (@elonmusk) August 26, 2020

No, we’re focused on developing new products & scaling production

— Elon Musk (@elonmusk) August 26, 2020

Guys, just when you think you have seen it all, Tesla comes out with something completely new and crazy. What do you guys think Tesla is working on that is bigger than them getting involve in Formula E sport?.

Wedbush Analyst Daniel Ives Raises Tesla Stock Price Target To $19000, From $1800

It took Wedbush analyst Daniel Ives just 4 days to raise his Tesla thesis price target from $1800 to $1900.

Daniel Ives maintained a Hold rating on Tesla with a price whooping price target of $1900.00. The company’s shares closed last Friday at $1650.71, close to its 52-week high of $1794.99, setting a record close, after a 1.83% rally.

Ives’s Tesla price target and rating are not the biggest so far, Colin Rusch of Oppenheimer still holds a buy rating with a price target of $2209.

Last week, Ives thinks that with demand for the Model 3 ramping stronger than expectations in China heading into August/September, the lockdown easing in the U.S./Europe, and some potentially “game-changing” battery developments on the horizon, Tesla’s stock likely has room to run further.

More can be found here: Daniel Ives Raises Tesla Bull Case Price Target To $2500