Tesla (#TSLA) weekly special report based On 1 Lot Calculation:
GLOBAL EV MARKETS:
- ELECTRIC VEHICLES (EV) MADE ONLY AROUND 9.0% OF TOTAL CAR SALES, WORTH 66.7 MILLION CARS IN 2022: 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) COULD BE 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%.
TESLA: ANALYSIS
- Q1 2023 CAR DELIVERY DATA SHOWED A RECORD HIGH (422,875). This is UP 4.34% compared with the fourth quarter and up about 36.4% year over year. ANALYST EXPECTATIONS: Tesla analysts say Tesla will target 1.8- 1.9 million cars of delivery in 2023. This could be 37% to 44.6% up from 2022.
- NEXT GIGA-FACTORY: MEXICO AND INDONESIA. Tesla is close to a deal to start building new Gigafactories in Indonesia and Mexico, with a capacity of more than 2 million vehicles. All that will be in addition to current factories in Berlin (Germany), Shanghai (China), Fermont and Austin (USA). Including Indonesia and Mexico, Tesla could reach a production capacity of more than 4 million vehicles yearly.
- TESLA AGAIN CONSIDERING TO ENTER THE INDIAN MARKET: Reportedly, the company is in talks with the Indian officials to build a factory there.
- CYBERTRUCK (PICK-UP) COMING IN THE SECOND HALF OF 2023. Elon Musk said he expects the Tesla Cybertruck to sell between 250,000 and 500,000 units per year once production is fully ramped.
TESLA: EVENTS AND NEWS
- EVENT (EXPECTED: JULY 1-5): Q2 CAR DELIVERY (EXPECTED: 429,000). Tesla is expected to break a new record when it comes to quarterly car delivery numbers, beating Q1 2023 record of 422,875. Still the company is expected to deliver 1.8-1.9 million cars in 2023, which would be 37% to 44.6% up from 2022.
- NEWS: ELON MUSK SAYS TESLA WILL UNVEIL TWO NEW MODELS SOON. Mr. Musk sticks to Tesla’s plans to eventually make 20 million cars, twice as many as the world’s largest automaker, Toyota, produces in a typical year.
- NEWS: TESLA'S MODEL Y IS BEST- SELLING CAR IN THE WORLD FOR Q1 OF 2023. The Tesla Model Y has surpassed Toyota’s RAV4 and Corolla models to top global sales rankings in the first quarter of 2023. The figures reported by Jato Dynamics reveal:1. Tesla Model Y sold 267,200 units; 2. Toyota Corolla 256,400; 3. Toyota RAV4 214,700 units sold during the same period;
TESLA: PRICE ACTION
- THE STOCK HAS TRADED AROUND 46% BELOW ITS ALL- TIME HIGH OF $414.4 (November 4, 2021). Tesla was last trading around $221, and if a full recovery follows to recent all- time highs, the stock could see an upside of around 87%, however the price could decline further.
- ANALYSTS OPINIONS: New Street Research forecasts $300. Canaccord forecasts $257. Piper Sandler forecasts $280.
#TSLA, June 7, 2023
Current Price: 221
|
Tesla |
Weekly |
|
Trend direction |
|
|
414.40 |
|
|
300.00 |
|
|
250.00 |
|
|
193.00 |
|
|
185.00 |
|
|
180.00 |
Example of calculation based on weekly trend direction for 1 Lot1
|
Tesla |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
193,400 |
79,000 |
29,000 |
-28,000 |
-36,000 |
-41,000 |
|
Profit or loss in €2 |
180,979 |
73,926 |
27,138 |
-26,202 |
-33,688 |
-38,367 |
|
Profit or loss in £2 |
155,692 |
63,597 |
23,346 |
-22,541 |
-28,981 |
-33,006 |
|
Profit or loss in C$2 |
259,001 |
105,797 |
38,837 |
-37,498 |
-48,211 |
-54,907 |
1. 1.00 lot is equivalent of 1000 units
2. Calculations for exchange rate used as of 09:00 (GMT+1) 07/06/2023
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