MSM are really ramping up attacks against Tesla and Autopilot. Consumer Reports has just joined despite Elon Musk stating that Autopilot was not enabled during the fatal crash in Texas. CR Engineers Show a Tesla Will Drive With No One in the Driver's Seat After a fatal crash in Texas, we demonstrated how easy it is to defeat Autopilot’s driver monitoring https://www.consumerreports.org/aut...o-one-in-drivers-seat/?video_id=6249708456001
Giga Berlin is really looking good. A lot remains to do but they have substantial progress on the three main buildings. Giga Texas progress seems to have slowed visibly but I believe they are working on internal infrastructure. Concrete floors are far along in the important areas. Robots are on the floor. Giga Shanghai is progressing at the pace of a Chinese municipal expansion; which is to say, it is inspirational to watch progress. How many companies are poised for over 100% growth in the next three quarters?
most recent bullish target for next Friday is about $806. That’s 10% higher than current price. The most recent bearish target for next Friday is $683. That’s about 6.4% lower than current price. Who will be right?
Tesla is currently under some negative news exposure. A few analysts downgraded the company last week, perhaps because they want to buy it before the ER for some quick cash. Meanwhile, the stock is currently trading at 738, up $8.60. Tesla currently operates 3GW of power generation. The power side of the company brings in 7% of their revenue. I look forward to reading the new generation metrics. The real news, however, is that Elon will be hosting Saturday Night Live on May 8.
Ec news. Palladium model s/x are having teething problems. These models will be a while longer before being brought to market. Not sure about the comment by Jeremy regarding a drop in OpEx once Texas, Berlin, and Shanghai phase 2 come online. I would expect the factory builds to be CapEx but perhaps some of the equipment is being funded by OpEx? Either way, to make a profit while building the hell out of three factories is an ominous implication of the future. Once tesla is hitting on all cylinders, they are going to be tough to beat.
EARNINGS: Tesla Q1 EPS $0.93 Adj. vs. $0.79 Est.; Q1 Revs. $10.39B vs. $10.29B Est. +304% YEAR OVER YEAR Oppenheimer raises $TSLA PT to $1,080. CFRA raises price target to $770 from $750 GS raises price target to $860 from $835 Independent research raises price target to $338 from $326 Rob Maurer of Tesla Daily discuss Tesla's earnings report with Jim Cramer:
Go glad I made a decision to sell my May 7 $700C right before ER, otherwise I would be down $2000 this morning. Instead of picking up one May 7 $700C this morning I accidentally bought ten contracts (thanks to Thhinkorswim), ending up making $1300 within a minute by selling those nine contracts. I am holding the following calls:
Speaking of faux pas.... Once Tesla has strong magnetic flux to repel firmly from all poles, they are going to be tough to beat.
What Does a Triple Bottom Tell You? The triple bottom chart pattern typically follows a prolonged downtrend where bears are in control of the market. While the first bottom could simply be normal price movement, the second bottom is indicative of the bulls gaining momentum and preparing for a possible reversal. The third bottom indicates that there's strong support in place and bears may capitulate when the price breaks through resistance levels.
The largest visible Supercharger on the east side of the Giga Shanghai site has 80 charging bays. They are nearly complete an extension to add 88 additional bays to this installation, which will bring this to 168 charge bays. Again, this a single Supercharger bank. There is one more large Supercharger installation just south of GA1. I suspect there is another near GA4. [Edit: I forgot about the supercharger bank at the main entrance (looks like 48 bays) and there appears to be a small 20 bay Supercharger going in on the north end of the site. The scale is amazing. There is no need for concern with regard to Tesla not expanding aggressively enough. Tesla is doing amazing things.
Now that nearly everyone knows the FSD release is imminent, I expect upward pressure on TSLA. On the other hand, they are a company that can build less than 1M cars per year and they have a valuation of $620B so a certain amount of FSD is surely built into the current price.
Be greedy when others are fearful! It gave me a good chance to pick up another 2023 LEAP. Every year $TSLA dropped greatly but always bounced back. 2018: $72 -> $48 2019: $70 -> $35 2020: $192 -> $64 2021: $900 -> $560 (so far)
I always go with the mantra "trade value, not price". I also follow the SEC filings and the funds with >5% shares are long-term greedy.
