Tesla (#TSLA) weekly special report based on 1 Lot Calculation:
TESLA: THE COMPANY
- Tesla produces several Electric Vehicles (EV) including the Model 3, Model X, Model Y, Model S and since recently, the Cybertruck. Tesla also delivers the Semi- Truck.
- Tesla is still the largest seller of pure battery-powered Electric Vehicles (EVs) in the world and an absolute leader in the US (taking up between 60%- 70% market share).
TESLA: EVENTS AND ANALYSIS
- EVENT (EXPECTED: JULY 1): TESLA QUARTERLY GLOBAL CAR DELIVERY (Q2). Tesla delivered 386,810 EVs in Q1 of 2024, missing analysts’ expectations for 433,371. Still, some analysts expect that Tesla car delivery could rise by at least 20% in 2024, meaning that the average quarterly delivery in 2024 could be at new records. Tesla delivered around 1.8 million cars in 2023, up 38% from 2022.
- EVENT (EXPECTED: JULY 17 AT AFTERMARKET): Q2 EARNINGS RESULTS. Tesla is expected to post 24.16 billion dollars in revenue, up from Q1 21.30 billion dollars. In addition, the company is expected to post a net icome of around d2 billion dollars, up from Q1 1.58 billion dollars.
- EVENT (AUGUST 8): TESLA TO UNVEIL “ROBOTAXI” ON AUGUST 8, 2024. Musk has said that Tesla will make a car without controls for a human to use. He has also said in the past that Tesla cars equipped with Full Self-Driving Capability will, through software updates, gradually become better and better at driving.
TESLA: NEWS
- BREAKING NEWS (JUNE 14): TESLA SHAREHOLDERS APPROVED ELON MUSK’S PAY (COMPENSATION) PLAN. Tesla shareholders on Thursday voted to ratify CEO Elon Musk’s mammoth 2018 pay plan, five months after a judge in Delaware ordered the company to rescind the package. EARLIER: Musk said his motivation for wanting 25% control of Tesla is that he has enough of a stake to be influential, but not so much that he can't be overturned. RELEVANCE: Elon Musk has stated: “I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control”. “Unless that is the case, I would prefer to build products outside of Tesla,” CURRENT SITUATION: Musk owns around 13% of Tesla currenlty, or approximately 411 million shares..
TESLA: OTHER ANALYSIS
- FULL- SELF DRIVING SYSTEM (FSD) IN CHINA (APRIL 29): According to Bloomberg, Tesla received in- principal approval from government officials to deploy its driver- assistance in China for the first time ever. Tesla has also reached an agreement with Baidu to use the Chinese giant's mapping license for data collection on China's public roads. After the news, the Tesla stock added around 15% to its value.
- FULL- SELF DRIVING SYSTEM (FSD): Tesla has the most advanced system for autonomues self- driving, which has recently released its latest version of 12.3.5. More interestenlgy, Tesla said that is now in negotiations with a major car maker on FSD licensing. This could offer another leg of revenue growth to the firm.
- OPTIMUS (HUMANOID ROBOT): CEO Elon Musk said that Tesla may be able to sell Optimus by the end of 2024.
- TESLA WILL LAUNCH A NEW MODEL IN 2025: The model is expected to be the cheapest Tesla has ever offered and it could cost around $25,000.
- TESLA LATEST PRODUCT: CYBERTRUCK. Tesla is expected to deliver 100,000 to 120,000 in 2024 and at least 240,000 in 2025.
TESLA: PRICE ACTION
- THE STOCK HAS TRADED AROUND 55% BELOW ITS ALL- TIME HIGH OF $414.4 (November 4, 2021). Tesla was last trading around $184, and if a full recovery follows to recent all- time highs, the stock could see an upside of around 125%. However, the price could decline further.
- ANALYSTS OPINIONS: Morgan Stanley forecasts $310. Wedbush forecasts $275. Baird forecasts $280. Bank of America forecasts $220.
#TSLA, June 14, 2024
Current Price: 184
Tesla |
Weekly |
Trend direction |
|
300 |
|
275 |
|
210 |
|
160 |
|
155 |
|
150 |
Example of calculation based on weekly trend direction for 1 Lot1
Tesla |
||||||
Pivot Points |
||||||
Profit or loss in $ |
116,000 |
91,000 |
26,000 |
-24,000 |
-29,000 |
-34,000 |
Profit or loss in €2 |
108,388 |
85,028 |
24,294 |
-22,425 |
-27,097 |
-31,769 |
Profit or loss in £2 |
91,145 |
71,502 |
20,429 |
-18,858 |
-22,786 |
-26,715 |
Profit or loss in C$2 |
159,908 |
125,445 |
35,841 |
-33,084 |
-39,977 |
-46,870 |
1. 1.00 lot is equivalent of 1000 units
2. Calculations for exchange rate used as of 10:30 (GMT+1) 14/06/2024
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