Home > Boards > US Listed > Automotive and Transportation > Tesla, Inc. (TSLA)

<u> Tesla Stock Races Past Buy Point As Musk</u>

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
XFundManager Member Profile
 
Followed By 22
Posts 4,097
Boards Moderated 0
Alias Born 06/27/20
160x600 placeholder
Tesla to Launch Cybertruck with 4-Motor Variant TipRanks - 12/6/2021 9:15:26 AM
Tesla falls on report of SEC probe on solar panel fire risk Seeking Alpha - 12/6/2021 8:54:46 AM
New WallStreetBets data: Mentions of $TSLA are surging on WallStreetBets Quiver Quantitative - 12/6/2021 3:00:25 AM
Musk Sells Another $1B Worth of Tesla Shares — Report TipRanks - 12/6/2021 2:25:02 AM
Tesla Stock: Still Too Expensive, Even Post-Omicron Dip TipRanks - 12/5/2021 5:33:18 AM
Tesla Relocates Headquarters To Austin, Texas — Report TipRanks - 12/3/2021 9:27:59 AM
Elon Musk sells another $1B worth of Tesla stock Seeking Alpha - 12/3/2021 7:41:25 AM
Tesla Recalls More Than 20,000 Model Ys in China Dow Jones News - 12/3/2021 4:38:00 AM
New Insider Transactions data: $TSLA's CEO recently sold 34,935 shares of stock in their company Quiver Quantitative - 12/2/2021 11:00:15 PM
Tesla Accused of Slowing Supercharging Speed of Model S Vehicles TipRanks - 12/2/2021 3:45:58 AM
Tesla confirms that Austin is its headquarters now Seeking Alpha - 12/1/2021 4:32:23 PM
Telsa, Li Auto and Nikola trade higher even as Omicron anxiety sweeps over market again Seeking Alpha - 11/30/2021 10:23:46 AM
Can Tesla Justify Its Trillion-Dollar Valuation? TipRanks - 11/30/2021 9:29:35 AM
Tesla plans to save on costs typically associated with late-quarter deliveries push Seeking Alpha - 11/29/2021 11:30:28 AM
Tesla Withdraws State Subsidy for Battery Plant in Berlin TipRanks - 11/29/2021 3:11:33 AM
Tesla said to turn down EU1.1bn in subsidies for Germany battery factory Seeking Alpha - 11/26/2021 12:33:27 PM
Musk continues push for subsidy elimination Seeking Alpha - 11/26/2021 9:38:04 AM
Tesla eyes new investment in Shanghai plant as its near capacity Seeking Alpha - 11/26/2021 7:48:02 AM
Tesla to Invest $188M for Shanghai Factory Expansion TipRanks - 11/26/2021 6:28:20 AM
Tesla: The Best Play for the EV Revolution TipRanks - 11/24/2021 4:02:12 PM
Tesla Stock: Pricey but Still Worth a Look TipRanks - 11/24/2021 10:58:59 AM
EV roundup: Results mixed as Elon Musk sells another $1.05B of Tesla stock Seeking Alpha - 11/24/2021 10:18:03 AM
Why is Tesla stock dipping today? Seeking Alpha - 11/23/2021 3:19:45 PM
Hot Stocks: TSLA rises on Musk tweet; RIVN plunges; ALNY upgrades; AVYA earnings; PRVB regulatory update Seeking Alpha - 11/22/2021 1:44:43 PM
XFundManager   Friday, 09/24/21 02:15:30 PM
Re: DMOST post# 53585
Post # of 58095 
Tesla Stock Races Past Buy Point As Musk Predicts Chip Shortage Will Be Over Soon; FSD Update Expected

Quote:
Tesla (TSLA) CEO Elon Musk said Friday he believes the chip shortage hampering car production is "short term," and capacity will be adequate by next year. Meanwhile, Tesla is slated to offer its next full self-driving software update today. Tesla stock broke out past a buy point.



Musk's comments about the chip shortage came after he was asked at the Italian Tech Week conference how long he thought the issue would persist, according to a Reuters report.

"There's a lot of chip fabrication plants that are being built," Musk said.

"I think we will have good capacity for providing chips by next year," he added.

Most industry watchers are less optimistic. Morgan Stanley analyst Adam Jonas said in a Sept. 15 note to clients that "the chip situation remains acute."

"While the 'worst' may be Aug/Sep, vehicle supply may take a year or more to recover," he added.

Tesla FSD Update

Tesla's wide release of FSD Beta 10.1, which is supposed to work on city streets and highways, is expected today, according to a Sept. 1 Musk tweet.

Musk also hinted that a wider release of the full self-driving software was possible with a public "opt in" request button.

On Thursday, San Francisco transport authorities expressed concern about the safety of Tesla's FSD and criticized the company's marketing of the system, according to a separate Reuters report.

Earlier in the week, the California Department of Motor Vehicles said again the system "does not make the vehicle an autonomous vehicle per California regulations." The California DMV added it's reviewing Tesla's use of the term "Full Self Driving."

Last month, the National Highway Transportation Safety Administration said it also is probing Tesla. It's looking into 12 crashes since 2018 in which Tesla models of various configurations have "encountered first responder scenes and subsequently struck one or more vehicles involved with those scenes."

Meanwhile, Tesla broke ground on a factory to produce its large-scale battery system Megapack. The Megapack is meant for utility-scale energy storage. The new facility is located in Lathrop, Calif., near Tesla's Fremont headquarters.

Tesla Stock

Shares rose 1.6% to 765.67 in stock market trading today, breaking out past a 764.55 buy point in a cup-with-handle base.

Shares have found support near their 21-day exponential moving average. Its relative strength line is trending upward, as its 50-day line is also sloping up again.

Tesla's RS Rating is 85 out of a possible 99. Its EPS Rating is 72.

Among U.S. automakers with a growing slate of EVs, General Motors (GM) was up 0.5%, while Ford (F) rose 0.8%. Recent IPO Lucid Motors (LCID) fell 3%.

Tesla's China-based rivals Nio (NIO) declined 1.5%, Xpeng (XPEV) dipped 2.5% and Li Auto (LI) fell 3%.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences