Tesla

Tesla (#TSLA) weekly uptrend opportunity based On 1 Lot Calculation:

GLOBAL EV MARKETS:

• ELECTRIC VEHICLES (EV) MAKE ONLY AROUND 9.0% OF TOTAL CAR SALES, WORTH 66.7 MILLION CARS IN 2021: The total global car market grew just 4.5% in 2021, by around 66.7 million cars. In 2020, the world sold around 63.8 million cars. The estimates say that around 6.5 million electric vehicles (EVs) were sold worldwide in 2021, up 109% from 2020. EV sales represent around 9% of all passenger car sales in 2021. The EV sector increased its market share from 4.11% in 2021 to around 9.00% off the global car sales.
• MARKET POTENTIAL: ELECTRIC VEHICLES (EV) ARE EXPECTED TO TAKE UP AROUND 50% OF GLOBAL CAR SALES BY 2030. The 2021 figures of 287.36 billion dollars are an increase of around 76% from 2020’s 160.01 billion dollars. Expecting this number to grow to 823.75 billion dollars, the EV market could be growing annually on average by 18.6%.

CHINA EV MARKETS:

• CHINA LEADS THE WAY (2021): EV MAKES AROUND 13% OF THE CAR MARKET IN CHINA, UP FROM 3.5% IN 2020: More than half of the total electric vehicles (EVs) sold worldwide last year (including plug-in hybrids) went to buyers in China. China led global EV growth in 2021 as sales nearly tripled (UP 277%) to 3.4 million (from 0.9 million in 2020). Total number of cars sold in 2021 in China was 26.28 million, and EV made around 13% of the market.
• MARKET SHARE CHINA: Tesla is the largest EV company in China, holding some 14% of the markets, followed by GM’s Wulling (~11.8%) and BYD (~10%)
• ELECTRIC VEHICLES IN CHINA ARE EXPECTED TO TAKE UP 40% OF CHINA’S CAR SALES BY 2030. Total car sales are expected to grow to 38 million in 2030, while around 15 million (or 40%) will be Electric Vehicles.

TESLA STOCK SPLIT:

• BREAKING: TESLA HAD A STOCK SPLIT OF 3 TO 1 ON AUGUST 25, 2022. According to MarketWatch, investors view stock splits as a sign of confidence by management, because splits happen more often in stocks that have bullish momentum behind them. Splits also increase liquidity by making shares more accessible to a wider range of investors, something Amazon acknowledged when it announced its split.
• TESLA STOCK SPLIT HISTORY (AUGUST 2020): In August 2020, Tesla had a split of 5 to 1. After the stock split took place, onwards, over the next twelve months, the stock gained 65.91%.

Please note that past performance does not guarantee future results.

OTHER EVENTS AND ANALYSIS:

• EVENT (CONFIRMED: OCTOBER 19, AFTERMARKET): Q3 EARNINGS REPORT. According to Bloomberg, Tesla is expected to report 22.58 billion dollars of revenue with net income of 3.72 billion dollars. Revenue in Q3 could be expected to rise around 33% compared to Q2 fugures, while Net Income could be expected to post an increase of 42% compared to Q2 figures. Compared to Q3’21, tesla may be expected to post an increase in revenue of 64% and an increase in net income of 124%.
• PRICE ACTION: THE STOCK HAS HAD A DOWNWARD CORRECTION OF AROUND 50% FROM ITS ALL- TIME HIGH OF $414.4 (November 4, 2021). The stock had fallen to its lowest rate since 2021 to $205.7 (May 25, 2022). Tesla was last trading around $250, and If a full recovery follows to recent all- time highs, the stock could see an upside of around 65%.

• ANALYSTS OPINIONS: Goldman Sachs forecasts $333 a share. Wedbush forecasts $360. Morgan Stanley forecasts $383. Deutsche Bank forecasts $400.

#TSLA, October 3, 2022
Current Price:250

Example of calculation based on weekly trend direction for 1 Lot¹

1. 1.00 lot is equivalent of 1000 units

2. Calculations for exchange rate used as of 13:00 (GMT+1) 03/10/2022

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