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Shanghai back on. Twitter poison pill. All will be seen as positive!
BREAKING: ARK Invest has released their new $TSLA report.
ARK has increased their $TSLA price target to $4,641 for 2026 (from $3,000 for 2025). ARK also laid out a $5,784/share 2026 bull case scenario.
Tesla will hit a $4T market cap at $4,835/share (not incl dilution, etc). https://t.co/QBakunLMNt
Plan B
I'm afraid that could happen
I don't think he'd spend much more time than he does already. He'd put in a CEO who shares his vision. Hell also finance the vision. The white knights could beat Besos, Zuckerberg, Google combo.
Twitter management will fight this bid tooth and nail to keep their stronghold on filtering the "news". They're probably looking for a white knight as we speak.
Sky Technologies Appoints Renowned Architect Bernard Zyscovich as Chair of Newly Formed Architectural and Real Estate Advisory
March 30, 2022, 8:32 AM EDT
Share this article
Architectural and Real Estate Advisory Board to Promote Adoption of the
SkyPlug and Sky Platform in Single Family and Multi-Family Residential
Applications
MIAMI, FL / ACCESSWIRE / March 30, 2022 / SQL Technologies Corp. (NASDAQ:SKYX)
("Sky Technologies" or "the Company"), a Company significantly enhancing
safety in homes and buildings as well as smart home lifestyle, with highly
disruptive smart platform technologies and over 60 issued and pending patents
globally, today announced that renowned architect and urban planning thought
leader Bernard Zyscovich will Chair Sky's newly formed Architectural and Real
Estate Advisory Board.
Bernard Zyscovich, Founder and CEO of Zyscovich Architects, is an
internationally recognized design and thought leader in holistic master
planning and Real Urbanism. His major urban design projects as well as his
writing on architecture and urban design have been published widely in
numerous books and magazines. Zyscovich has lent his expertise to a varied
group of professionals in the private and public sectors, such as the Florida
Redevelopment Association, the National Association of Homebuilders and the
New York Metro Transit Authority TOD Coordination Council, among many others.
A Fellow of the American Institute of Architects, Zyscovich is also a
recipient of AIA Miami's highest honor, the Silver Medal Award, for Lifetime
Achievement in Design. After studying urban design at the Universita' di
Architettura in Venice, Italy, Zyscovich received his architecture degree at
New York's Pratt Institute. Zyscovich's numerous major projects include the
development of Midtown, Miami, Dumbo Heights Mixed-Use Development, New-York,
and the Bogota International Airport, Colombia.
Chaired by Mr. Zyscovich, Sky's Architectural and Real Estate Advisory Board
is expected to drive the adoption of Sky's Plug Smart Platforms into
multi-family residential buildings and communities.
Zyscovich said: "I am incredibly excited to join Sky Technologies to chair its
Architectural and Real Estate Advisory Board, as I strongly believe that Sky's
disruptive smart platforms are game-changing for the integration of smart
technologies into homes and buildings. Sky's plug & play platforms empower new
and existing homeowners, apartment building owners and builders to make their
homes and buildings become smart-safe instantly.
"We are already in preliminary discussions with leading real estate developers
and apartment building owners regarding the possibility of converting their
buildings to smart-safe as a new standard. I look forward to working closely
with the team at Sky to ensure these compelling technologies become ubiquitous
in the marketplace," concluded Zyscovich.
Rani Kohen, Founder and Executive Chairman of Sky Technologies, commented: "It
is truly a great honor to welcome a thought leader like Bernard to the Sky
technologies team. The breadth and depth of his experience in modern
residential projects is without equal. Examples of his urban design projects
can be viewed by clicking here. With the formation of our Architectural and
Real Estate Advisory Board, I believe we are well positioned to enhance
industry adoption at launch and create sustainable, long-term value for our
shareholders."
About SQL Technologies Corp.
As electricity is a standard in every home and building, our mission is to
make homes and buildings become safe-advanced and smart as the standard.
SQL Technologies Corp. (NASDAQ:SKYX) d/b/a Sky Technologies has a series of
highly disruptive advanced-safe-smart platform technologies, with over 60 U.S.
and global patents and patent pending applications. Our technologies place an
emphasis on high quality and ease of use, while significantly enhancing both
safety and lifestyle in homes and buildings. We believe that our products are
a necessity in every room in both homes and other buildings in the U.S. and
globally. For more information, please visit our website at
https://skyplug.com or follow us on LinkedIn.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking
statements, including with respect to the proposed initial public offering.
Management has based these forward-looking statements on its current
expectations, assumptions, estimates and projections. While they believe these
expectations, assumptions, estimates and projections are reasonable, such
forward-looking statements are only predictions and involve known and unknown
risks and uncertainties, many of which are beyond management's control. These
statements involve risks and uncertainties that may cause the Company's actual
results, performance or achievements to differ materially from any future
results, performance or achievements expressed or implied by these
forward-looking statements. Forward-looking statements speak only as of the
date they are made and include statements relating to the Company's ability to
successfully launch, develop additional features and achieve market acceptance
of its smart products and technologies, the Company's efforts and ability to
drive the adoption of Sky's Plug Smart Platforms into multi-family residential
buildings and communities, and other risks and uncertainties described in the
Company's filings with the Securities and Exchange Commission. Readers are
cautioned not to put undue reliance on forward-looking statements, and, except
as required by law, the Company assumes no obligation and does not intend to
update or revise these forward-looking statements, whether as a result of new
information, future events, or otherwise.
Investor Relations Contact:
Lucas A. Zimmerman
MZ North America
(949) 259-4987
SKYX@mzgroup.us
SOURCE: SQL Technologies, Inc. dba Sky Technologies
View source version on accesswire.com:
https://www.accesswire.com/695198/Sky-Technologies-Appoints-Renown
ed-Architect-Bernard-Zyscovich-as-Chair-of-Newly-Formed-Architectural-and-Real-E
state-Advisory-Board
BofA raises target to $1300
Buying opportunity continuing. Like taking candy from (short) babies. We all know what's happening this month, first Cyber Rodeo tomorrow and then Q1 420. On top of that Cathy Wood will release new projections inside a week, look for Mid target of $5K.
Just imho, do your own due diligence
https://www.techtimes.com/articles/273833/20220403/elon-musk-to-host-biggest-party-on-earth-expects-15k-people-to-be-invited-to-the-cyber-rodeo.htm
Elon Musk to Host 'Biggest Party on Earth'? Expects 15k People to Be Invited to the 'Cyber Rodeo'
Elon Musk is no stranger to big promises, and just recently, the Tesla CEO made a statement regarding potentially hosting the "biggest party on earth." With that, 15,000 people are set to receive an invitation, with numerous individuals, organizations, and companies already asking for an invite.
Elon Musk to Invite 15,000 People for 'Cyber Rodeo'
According to the story by The Street, Musk is known for doing big things with both SpaceX and Tesla, and now, the billionaire plans to get 15,000 people together who have gotten the invitation from the company for the "Cyber Rodeo."
As per the publication, the party takes inspiration from another event that took place in Berlin in 2021. This type of party was described by the article as a marketing technique since the company doesn't spend any money on advertising campaigns.
The billionaire tweeted out a neon cyberpunk-themed poster showing the Cyber Rodeo at Giga Texas, along with the date set to April 7. The tweet instantly garnered a huge amount of attention, with multiple accounts trying to get themselves invited to the party.
https://www.tesmanian.com/blogs/tesmanian-blog/tesla-announces-the-date-for-its-financial-results-earnings-call-for-q1-2022
Tesla Announces the Date for its Financial Results & Earnings Call for Q1 2022
by Eva Fox April 02, 2022
Tesla Announces the Date for its Financial Results & Earnings Call for Q1 2022
Tesla will post its financial results for the first quarter of 2022 after market close on Wednesday, April 20, 2022. At that time, Tesla will issue a brief advisory containing a link to the Q1 2022 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.
What: Date of Tesla Q1 2022 Financial Results and Q&A Webcast
When: Wednesday, April 20, 2022
Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time
Q1 2022 Update: http://ir.tesla.com
Webcast: http://ir.tesla.com (live and replay)
Approximately two hours after the Q&A session, an archived version of the webcast will be available on the Company’s website.
For additional information, please visit http://ir.tesla.com.
Investor Relations Contact:
ir@tesla.com
Huge buying opportunity, we all know 420 is coming, inevitable! $TSLA $3K 2022
$3k
100% april fools
It's a cheap small car, no competition for Tesla
Most sold car in China is the BYD e1 mini-car, which is a derivative of conventional BYD F0.
At a price (after subsidies) of 59,900-79,900 yuan ($8,681-$11,579), the e1 can potentially reach a level of five-digit sales per month, but it's hard to say as the Chinese market is changing and consumers are more willing to buy bigger (and safer) cars (like at least the BYD Yuan).
The e1 is equipped with a big (for its size) 32.2 kWh battery, which should be good for up to 305 km (190 miles) on a single charge. The 45 kW electric motor is one of smallest in EVs, but provided you do not exceed 50 km/h (31 mph) in city centers, it still should be snappy enough.
https://insideevs.com/news/351454/e1-entry-level-electric-car-from-byd/
Question is: Does the US consumer want this? I don't think there's any problem for Tesla
Keep looking
Yes yes yes
$200 stock price
Shorts be hurting today, we're up 6% pre market sure to stock split announcement. Inclusion in Dow Jones industrial average very possible
Stock split announced, dividend
That's why Tesla already has 1.3m back orders for 3 and Y
We all know what's coming from Texas, buy!
Need it to go to $50, come on
Got a hunch it will be sooner
$TSLA short squeeze, when will they learn? Losing $100b
$1500 in April imho
So you went from bullish to bearish and regret it now. Tesla stock price like salt
Going to $3k this year, don't panic. Also a short squeeze coming
Is Tesla 'About To Have A Big Run'? Why Jim Cramer Says EV Stock Could Lead The Market Higher
11:35 am ET March 22, 2022 (Benzinga) Print
Tesla Inc (NASDAQ: TSLA) officially opened its new German electric vehicle plant Tuesday as the company aims to diversify manufacturing outside of the U.S. and China. Following the news, Jim Cramer said everything is lining up for Tesla at just the right time.
What To Know: "I think Tesla stock is about to have a big run," Cramer said Tuesday on CNBC's "Squawk On The Street."
He highlighted analyst expectations that Tesla will reach an overall run rate allowing it to produce about 2 million units by the end of the year.
Tesla also seems to have figured out how to handle supply chain constraints better than the competition, Cramer said. Tuesday's ribbon-cutting ceremony at Gigafactory Berlin represents the de-risking measures the company is taking in relation to China, he said.
"Tesla stock could be a major leader here," Cramer said.
Tesla makes "the best" electric vehicles, the CNBC host said. He compared Tesla's stronghold on the electric vehicle market to Ford Motor Co's (NYSE: F) market dominance upon the release of the Model T and Model A.
"Everybody's got electric cars, but he [actually] sells electric cars," Cramer said of Tesla CEO Elon Musk.
Related Link: Elon Musk Reveals What Tesla's 'Master Plan 3' Is Really About
TSLA Price Action: Tesla has traded between $546.98 and $1,243.49 over a 52-week period.
The stock was up 2.67% at $945.79 Tuesday morning.
Tesla Megapack selected for big new 300 MWh energy storage project to help renewable energy in Australia
Fred Lambert
- Mar. 22nd 2022 3:10 am PT
Tesla has secured another large battery contract in Australia as its Megapack was selected to power a giant new 300 MWh energy storage project to help renewable energy in New South Wales.
Edify Energy is behind the project called “Riverina and Darlington Point Energy Storage Systems,” which will consist of three clusters of battery packs located in the Murrumbidgee Shire, the Riverina region of New South Wales.
60MW / 120MWh Riverina Energy Storage System 1
65MW / 130MW Riverina Energy Storage System 2
25MW / 50MWh Darlington Point Energy Storage System
The company already worked with Tesla on a 25MW / 50MWh project back in 2018, but they were still using the Powerpack for utility-scale projects like this one back then.
This time, Edify announced that it has selected the Tesla Megapack for the bigger project:
Located in the Murrumbidgee Shire, the Riverina and Darlington Point Energy Storage Systems will make up three independent projects totaling a combined 150MW / 300MWh of Tesla Megapack lithium-ion batteries that will connect into Transgrid’s network at the Darlington Point Substation. These Megapack systems will serve to add more flexible, dispatchable capacity to the NSW market and will complement the significant presence of renewable generation in the region.
The new battery systems are going to be used to support network stability and help manage the transition to a 100% renewable energy generation network as the New South Wales grid is seeing a lot of renewable energy being added.
Edify’s chief executive, John Cole, commented on the announcement:
One of the key drivers in our business is innovation and the strong belief that most roadblocks to a greener energy system can be overcome with the advancement in technology. The advantages of large-scale batteries in our growing world of renewables are well documented and supported. Energy storage is rapidly becoming a valued capacity solution for the National Electricity Market, given its fast and precise response and technical capability. The pace of advancement in this growing technology class is exciting and with it a breaking of the barriers to acceptance from market and network participants. We are proud to be leading the expansion of batteries to shore up the renewable energy market and to increase the availability of clean, green, low-cost, dispatchable electricity.
Edify has signed an EPC contract with Tesla Motors Australia to deliver these batteries – though they haven’t released a timeline.
As we reported yesterday, Tesla has recently increased the price of the Megapack and still has an important backlog of orders as it is guiding new orders for delivery in 2023.
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Sky’s the Limit When Miami Entrepreneur Rani Kohen Hits the NASDAQ
SKYX (Sky Technologies) completes IPO
March 15, 2022 by SFBW Staff 1 comment
Sky Technologies (SKYX) recently completed an IPO, a market valuation of $1 billion pre-revenue, and founder and chairman Rani Kohen, a Miami-based inventor and entrepreneur who has created more than 60 global patents, took the stage at the NASDAQ on March 4 to ring the opening bell.
“As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the standard,” Kohen says. “Sky Technologies has a series of highly disruptive advanced-safe-smart platform technologies, with over 60 U.S. and global patents and patent-pending applications. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally.”
Based on the safety aspects of the technology, this invention became a National Electrical Code (NEC), making it the most significant change to the NEC in 40 years.
https://sfbwmag.com/skys-the-limit-when-miami-entrepreneur-rani-kohen-hits-the-nasdaq/?fbclid=IwAR0dNSeWojUhIpHrnYQBAgntqYSl0YYjTmNybVkwLATbrUFCw31V5Z4SWVo
Tesla in oversold territory
Tesla's pressure is miniscule compared to others
Inflation hits everyone, we all saw that happening when the US war on oil started. Tesla, however, is inflation proof with unlimited backlog and pre-orders of raw material!
Tesla starts releasing big Full Self-Driving Beta update
Fred Lambert
- Mar. 14th 2022 2:55 am PT
Tesla has started releasing a big new Full Self-Driving (FSD) Beta software update with a lot of improvements.
The automaker might widen access to the beta if this update “performs well”, according to CEO Elon Musk.
Tesla Full Self-Driving Beta
Since October 2020, Tesla has been slowly rolling out what it is calling “Full Self-Driving Beta” (FSD Beta), which is an early version of its self-driving software that is currently being tested by a fleet of Tesla owners selected by the company and through its “safety test score.“
The software enables the vehicle to drive autonomously to a destination entered in the car’s navigation system, but the driver needs to remain vigilant and ready to take control at all times.
Since the responsibility lies with the driver and not Tesla’s system, it is still considered a level two driver-assist system despite its name. It has been sort of a “two steps forward, one step back” type of program, as some updates have seen regressions in terms of the driving capabilities.
Tesla has been frequently releasing new software updates to the FSD Beta program and adding more owners to it.
The last significant update was FSD Beta 10.10 in early February.
As of Q4 2021, the automaker said that it almost had 60,000 owners in the FSD Beta program.
Tesla FSD Beta 10.11
Now Tesla has started pushing a new FSD Beta 10.11 update to its Early Acces Program and it is a significant one based on the release notes.
Here are the release notes:
Upgraded modeling of lane geometry from dense rasters (“bag of points”) to an autoregressive decoder that directly predicts and connects “vector space” lanes point by point using a transformer neural network. This enables us to predict crossing lanes, allows
computationally cheaper and less error prone post-processing, and paves the way for predicting many other signals and their relationships jointly and end-to-end. Use more accurate predictions of where vehicles are turning or merging to reduce unnecessary slowdowns for vehicles that will not cross our path.
Improved right-of-way understanding if the map is inaccurate or the car cannot follow the navigation. In particular, modeling intersection extents is now entirely based on network predictions and no longer uses map-based heuristics.
Improved the precision of VRU detections by 44.9%, dramatically reducing spurious false positive pedestrians and bicycles (especially around tar seams, skid marks, and rain drops). This was accomplished by increasing the data size of the next-gen autolabeler, training network parameters that were previously frozen, and modifying the network loss functions. We find that this decreases the incidence of VRU-related false slowdowns.
Reduced the predicted velocity error of very close-by motorcycles, scooters, wheelchairs, and pedestrians by 63.6%. To do this, we introduced a new dataset of simulated adversarial high speed VRU interactions. This update improves autopilot control around fast-moving and cutting-in VRUs.
Improved creeping profile with higher jerk when creeping starts and ends.
Improved control for nearby obstacles by predicting continuous distance to static geometry with the general static obstacle network.
Reduced vehicle “parked” attribute error rate by 17%, achieved by increasing the dataset size by 14%. Also improved brake light accuracy.
Improved clear-to-go scenario velocity error by 5% and highway scenario velocity error by 10%, achieved by tuning loss function targeted at improving performance in difficult scenarios.
Improved detection and control for open car doors.
Improved smoothness through turns by using an optimization-based approach to decide which road lines are irrelevant for control given lateral and longitudinal acceleration and jerk limits as well as vehicle kinematics.
Improved stability of the FSD Ul visualizations by optimizing the ethernet data transfer pipeline by 15%.
CEO Elon Musk says that if this update “performs well”, Tesla will “probably” lower the access to drivers who scored ’95’ on the driver safety score. This should give a lot more FSD buyers access to the beta.
As for Canada, Tesla owners who bought FSD had access to the driver safety score for more than a week now. The automaker is expected to soon start releasing the beta to those with top scores.
Trillion Dollar EV Boom: CEOs of ChargePoint, First Energy Metals, Tesla and Lucid Driving Innovation and Revenue Growth With Batteries, Charging Stations and Driving Technologies
9:40 am ET March 9, 2022 (Globe Newswire) Print
Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from CEOs of: ChargePoint Holdings (NYSE: CHPT), First Energy Metals (OTC: FEMFF) (CSE: FE), Lucid Group (NASDAQ: LCID) and Tesla, Inc. (NASDAQ: TSLA).
The transition to electric vehicles is expected to be a multi-trillion dollar megatrend as it unfolds in the coming years. Generational investing opportunities are presenting themselves in charging stations, battery metals, driving technologies - and of course the EV makers. Wall Street Reporter highlights the latest comments from industry thought leaders shaping our world today, and in the decades ahead:
ChargePoint Holdings, Inc. (NYSE: CHPT) CEO Pasquale Romano: "Increasing Electric Vehicle Adoption is Driving Our Growth"
"...As a technology company with software at our core, we are pleased to report subscription revenue for the quarter grew 12% from the first quarter and 23% year-over-year. We finished the quarter with approximately 118,000 active ports on our network, an increase of about 6,000 ports sequentially...The results from this quarter can be described with one word: scale, scale across our three verticals and scale in both North America and Europe...ChargePoint's success is directly tied to the arrival of electric vehicles. BloombergNEF published its electric vehicle outlook in June, which was the first major increase to their outlook in five years. Sales of EVs accelerated in North America and Europe in the first half of 2021. According to BNEF, North America EV sales were up 97% year-over-year for the first half and European EV sales were up 153%. We are witnessing more vehicles coming to market in exciting form factors for a broad array of use cases...."
ChargePoint Holdings (NYSE: CHPT) Earnings Highlights: https://www.wallstreetreporter.com/2021/11/01/chargepoint-holdings-inc-nyse-chpt-q2-2022-earnings-highlights/
First Energy Metals (OTC: FEMFF) (CSE: FE) Gurmin Sangha, CEO: "Lithium Essential For EV Boom Ahead"
Booming electric vehicle sales globally are causing prices for battery components like lithium to skyrocket - with prices increasing over 1,000% in the past 12 months, with no slowdown in sight, as EV's go mainstream. China is snapping up strategic battery metals deposits globally
First Energy Metals (OTC: FEMFF) (CSE: FE) a featured presenter at Wall Street Reporter's NEXT SUPER STOCK investors conference is developing what promises to be a major lithium project in Quebec, Canada. Preliminary drilling and exploration results, (subject to a qualified 43-101 report), point to adding additional resources to the already 119 million tonne resource surrounding the Augustus Lithium property. A typical EV requires approximately 10 kilograms of lithium, so one ton of lithium ore is enough to build about 90 electric cars.
FEMFF's flagship "Augustus" lithium project is strategically located in an exciting area of known Lithium bearing rock types, with neighboring advanced staged projects with resources in place. FEMFF is now progressing on a systematic drilling program with an objective to develop a resource (43-101 compliant) over the next 9-12 months. Lithium projects and exploration projects in the area are of similar grades and support the continued exploration and potential at the Augustus Project. Sayona Mining, who owns both the advanced stage properties in the area recently published a JORC combined Measured, Indicated, and Inferred resource of 119.1million tonnes for both its North American Lithiium (NAL) and Authier project.
Importantly, FEMFF's lithium project is located in Quebec, Canada which is a mining friendly jurisdiction. FEMFF's lithium project is located near a past lithium processing plant and other more advanced stage lithium projects. FEMFF's drilling program is still in the early stages with a number of important milestones in the weeks ahead, which could reveal the project's full upside potential.
Watch First Energy Metals (OTC: FEMFF) (CSE: FE) NEXT SUPER STOCK video:
https://www.wallstreetreporter.com/2022/01/19/next-super-stock-first-energy-metals-otc-femff-cse-fe-lithium-for-ev-revolution/
Tesla, Inc. (NASDAQ: TSLA) Elon Musk, CEO: "Full Self-Driving: Most Important Source of Profitability for Tesla"
"...2021 was a breakthrough year for Tesla and for electric vehicles in general. And while we battled, and everyone did, with supply chain challenges through the year, we managed to grow our volumes by nearly 90% last year. This level of growth didn't happen by coincidence. It was a result of ingenuity and hard work across multiple teams throughout the company...Additionally, we reached the highest operating margin in the industry in the last widely reported quarter at over 14% GAAP operating margin. Lastly, thanks to $5.5 billion of GAAP net income in 2021, our accumulated profitability since the inception of the Company became positive, which I think makes us a real company at this point. This is a critical milestone for the Company...We do expect significant growth in 2022 over 2021, comfortably above 50% growth in 2022...Over time, we think Full Self-Driving will become the most important source of profitability for Tesla. And my personal guess is that we'll achieve Full Self-Driving this year, yes, with data safety level significantly greater than present..."
Tesla, Inc. (NASDAQ: TSLA) Earnings Highlights: https://www.wallstreetreporter.com/2022/01/31/tesla-inc-nasdaq-tsla-q4-2021-earnings-highlights/
Lucid Group, Inc. (NASDAQ: LCID) CEO Peter Rawlinson: "Lucid EV Technology Worlds Apart From Current Market Leaders"
"..Lucid Air was officially announced as Motor Trends 2022, Car of the Year, arguably the most prestigious award in the motor industry, seeking out true innovation, and groundbreaking vehicles. For a new brand and a new Company to win, to my knowledge, that's only been done once before...We believe that our technology is worlds apart from even the current market leaders. For example, no one expected Lucid to achieve even 400 miles of range. And now we have an EPA certification of 520 miles of range for the Lucid Air Dream Edition R. And we've created this technology with an eye towards an ability to manufacture it at scale, which is where true innovation lies..."
"...Our technology powered every car in Formula E, the world's premier electric motorsports series. And indeed, it changed the sport. Our battery packs have enabled Formula E cars to complete full race distances on a single charge. Now, what we learn from every race car, at every race, goes directly into the battery technology, powering Lucid Air. As the media and early customers have learned, our vehicles are truly the fusion of hardware and software, made possible by one of the best teams in the industry. We have auto industry veterans, including members of my former Tesla Model S team, working with former executives from Apple, and learning from their customer, the electronics experience. Along with so many other standouts from automotive and tech industries. We plan to leverage our team's abilities to continue to improve vehicle function and features, even after customers take delivery via over the air updates..."
Lucid Group, Inc. (NASDAQ: LCID) Earnings Highlights: https://www.wallstreetreporter.com/2021/12/14/lucid-group-inc-nasdaq-lcid-q3-2021-earnings-highlights/
WALL STREET REPORTER
Wall Street Reporter (Est. 1843) is the leading financial news provider, focused on giving investors direct access to CEOs of promising, publicly-traded companies, and market experts. www.WallStreetReporter.com. Nothing in this news summary shall be construed as investment advice. Quotes/content may be edited for brevity and context. Full disclaimer, and relevant SEC 17B disclosures here: https://tinyurl.com/2x4eznd5
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Wall Street Reporter's NEXT SUPER STOCK Live! conference is dedicated to featuring select companies that have near-term catalysts in place which can drive transformational growth (and stock appreciation) in the months ahead. Click here to join next livestream event: https://www.wallstreetreporter.com/next-superstock-online-investor-conference/
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They work like a charm, what problems do you have (assuming you have tested a Tesla)?
Tesla Bears, Watch Out. How the Stock Could Rise Like Apple's Did. -- Barrons.com
9:19 am ET March 9, 2022 (Dow Jones) Print
Al Root
Anyone bearish on Tesla stock should consider this: A lot of portfolio managers are underweight Tesla stock. Correcting that situation could generate buying and drive shares higher.
Tuesday, Wells Fargo equity strategist Christopher Harvey suggested in a research report that it was time to rethink the underweighting of Tesla, noting that so far in 2022, shunning the stock has worked. Inflation, rising interest rates, and the war in Ukraine have all damped investor enthusiasm for high-growth stocks, including Tesla.
The impact of the factors is easy to see. The Russell 1000 Value Index has outperformed the Russell 1000 Growth Index by more than 12 percentage points so far in 2022. Tesla stock, for its part, is down about 21%, while the S&P 500 and Dow Jones Industrial Average have both lost 10%.
But now, the conflict in Ukraine has driven up oil prices. "The Europeans need to reduce reliance on Russian energy. This transition will be neither quick nor easy one, likely keeping a bid to oil prices," wrote the analyst. "Tesla may be a winner in all of this."
There are two ways that can help Tesla stock. For starters, it might slow the economy, easing pressure on the Federal Reserve to raise interest rates. Stable rates would remove one overhang for growth stocks.
Next, Harvey believes, high oil prices can persist. That is good for electric vehicle adoption. High oil prices lead to high gasoline prices, widening the gap between the cost of operating an electric vehicle, the kind Tesla makes, and a traditional car.
Potential positives combined with portfolio weightings can become a problem for bears. "We remind investors [Tesla] is a major underweight across many institutional accounts," Harvey wrote. "It is beginning to feel like the Apple (AAPL) underweight we started highlighting 2 [to] 3 years ago."
Apple stock was roughly $50 when he highlighted that portfolio managers were holding less of the stock than its weighting in the indexes used to track their performance. The stock was trading for about 14 times estimated per-share earnings. Now Apple stock is at almost $160 and trades for more than 25 times estimated 2022 earnings.
There is no guarantee, of course, that portfolio managers will suddenly flock back to Tesla stock while fighting continues in Europe. And Tesla stock is more expensive than Apple. Tesla shares trade for about 78 times estimated 2022 earnings.
Still, what Harvey is pointing out about Tesla is worth considering. And Tesla shares should find a floor somewhere. Coming into Wednesday trading, shares were off more than 33% from their November 52-week high of more than $1,243 a share.
Tesla stock was up 2.5% in premarket trading Wednesday, though a wholesale re-evaluation of portfolio weightings isn't the most likely cause. The market was set to open higher. S&P and Dow futures were both up more than 1.4%.
Write to Al Root at allen.root@dowjones.com
(END) Dow Jones Newswires
March 09, 2022 09:19 ET (14:19 GMT)
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