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

<u> Tesla Stock will fall to $550-$600 after shareholder</u>

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
XFundManager Member Profile
 
Followed By 21
Posts 4,010
Boards Moderated 0
Alias Born 06/27/20
160x600 placeholder
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
Tesla stock rises as Elon Musk tweets that Model S Plaid will hit China around March Seeking Alpha - 11/22/2021 6:04:47 AM
Tesla attracts Street-high price target from Wedbush Securities Seeking Alpha - 11/19/2021 7:05:56 AM
New Insider Transactions data: $TSLA's CEO recently sold 91,429 shares of stock in their company Quiver Quantitative - 11/17/2021 11:00:22 AM
Tesla Bounces Back as Musk Sells $973M TipRanks - 11/17/2021 10:06:11 AM
Tesla gains even after Elon Musk sells another $973M worth of stock Seeking Alpha - 11/17/2021 7:13:42 AM
XFundManager   Thursday, 10/07/21 04:25:46 PM
Re: None
Post # of 57698 
Tesla Stock will fall to $550-$600 after shareholder meeting to fill gap before heading above $1000.00 concord capital analyst.

I don't agree !



Tesla stock could be walloped by the Apple car: analyst


Hardcore Tesla (TSLA) bulls should fear the arrival of the Apple (AAPL) car among other things, argues Roth Capital Partners analyst Craig Irwin.

"The biggest catalyst over the next couple of years will be the launch of the Apple car in 2024. But it will be like Porsche launch, you'll see Apple announce something in the 10,000 to 20,000 [unit] range and then look to crush numbers the way Porsche does. The technology in the car I expect to be amazing," said Irwin, a Tesla bear, on Yahoo Finance Live.

Irwin has a $150 price target on Tesla's stock, suggesting an 81% plunge from current levels.

Speculation on the Apple car has quieted down of late after reports of its existence surfaced in December 2020.

The tech giant reportedly could start production on its own electric vehicle as early as 2024, according to reports at the time. The car may be powered by a “breakthrough” monocell battery design that offers up greater range than traditional electric vehicle batteries.

Apple blog site MacRumors said recently the car remains in the works and may have autonomous driving features. That's despite Apple losing a key executive on its car team to Ford recently.

So far, Tesla's stock has been able to defy any concerns about an Apple car — the stock is up 90% over the last year.


But Irwin adds Tesla faces other near-term risks in the form of increased competition from traditional automakers going all in on electric.

General Motors (GM) told investors this week it plans to double sales by 2030 amid a wholesale shift to EVs. Ford is aggressively building out EV capacity to produce more trucks and crossovers that don't use gas.

Ford (F) plans to invest $30 billion in electric vehicles through 2025. The company expects 40% to 50% of its global vehicle volume to be fully electric by 2030.

Says Irwin, "General Motors should not be underestimated. It's an American icon."

You could put Ford at the top of that list, too — much to the dismay of current category leader Tesla and its legion of fans.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 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