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 EV sector increased its market share from 4.11% in 2021 to around 9.00% off the global car sales in 2022.
-
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%.
EV MARKET SHARE IN THE U.S.:
-
Tesla: 60%
-
Ford and General Motors: 10%
-
Others: 30%
Source: Barrons.com
GLOBAL EV (all-electric car) MARKET SHARE:
-
Tesla: 23.6%
-
BYD Auto: 14.7%
-
Volkswagen: 7.5%
-
SAIC: 7.4%
-
Geely- Volvo: 5.7%
-
Others: 41.1%
Source: insideevs.com
TESLA: ANALYSIS
-
Q2 EARNINGS REPORT. REVENUE $24.9 Billion vs. $24.51 Billion expected. Tesla released record high revenue figures for Q2, up 47% from same period last year. EARNINGS PER SHARE: $0.91 vs. $0.81 expected. Tesla reported adjusted net earnings of $3.1 billion, up 20% from the second quarter last year. 2023 DELIVERY TARGET: 1.8 million cars. CYBERTRUCK: On track to start mass delivery by the end of the year.
-
Q2 CAR DELIVERY (NEW QUARTERLY RECORD: 466,140). Tesla delivered a new quarterly record when it released 466,140 cars been delivered in Q2, 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.
-
MASS PRODUCTION OF REVAMPED “MODEL 3” COULD START IN SEPTEMBER (CHINA GIGAFACTORY).
-
MODEL Y WAS THE BEST SELLING CAR IN EUROPE FOR THE FIRST HALF OF 2023.
TESLA: EVENTS AND OTHER ANALYSIS
-
TESLA AGAIN CONSIDERING TO ENTER THE INDIAN MARKET: Reportedly, the company is in talks with the Indian officials to build a factory there.
-
TESLA CONSIDERING TO BUILD A GIGAFACTORY IN SPAIN: Tesla is reportedly considering building a new factory in Valencia, Spain, that could be worth close to 5 billion dollars.
-
TESLA IS CONSIDERING A NEW MODEL (MODEL 2): The model is expected to be the cheapest ever offered by Tesla, in a range between 20,000 and 25,000 dollars. The reports say that new Gigafactories to be built will incorporate technologies to produce the new model.
-
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: PRICE ACTION
-
THE STOCK HAS TRADED AROUND 40% BELOW ITS ALL- TIME HIGH OF $414.4 (November 4, 2021). Tesla was last trading around $251, and if a full recovery follows to recent all- time highs, the stock could see an upside of around 65%. However the price could decline further.
-
ANALYSTS OPINIONS: Wedbush forecasts $350. New Street Research forecasts $350. RBC Capital forecasts $305. Muziho forecasts $330. Deutsche Bank forecasts $300.
#TSLA, August 30, 2023
Current Price: 251
|
Tesla |
Weekly |
|---|---|
|
Trend direction |
|
|
350 |
|
|
310 |
|
|
283 |
|
|
220 |
|
|
210 |
|
|
200 |
Example of calculation based on weekly trend direction for 1 Lot1
|
Tesla |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
99,000 |
59,000 |
32,000 |
-31,000 |
-41,000 |
-51,000 |
|
Profit or loss in €2 |
91,118 |
54,303 |
29,452 |
-28,532 |
-37,736 |
-46,940 |
|
Profit or loss in £2 |
96,453 |
57,482 |
31,177 |
-30,202 |
-39,945 |
-49,688 |
|
Profit or loss in C$2 |
134,313 |
80,045 |
43,414 |
-42,058 |
-55,625 |
-69,192 |
1. 1.00 lot is equivalent of 1000 units
2. Calculations for exchange rate used as of 09:00 (GMT+1) 30/08/2023
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient Manager regarding their use.
-
You may wish to consider closing your position in profit, even if it is lower than suggested one
-
Trailing stop technique can protect the profit – Ask your Senior Account ManagerClient Manager for more detail