Tesla (#TSLA)

Tesla (#TSLA) weekly special report based On 1 Lot Calculation:

GLOBAL EV MARKETS:

• ELECTRIC VEHICLES (EV) MADE AROUND 18.0% OF TOTAL CAR SALES IN 2023: The EV sector increased its market share from around 4% in 2020 to around 18% off the global car sales in 2023.
• MARKET POTENTIAL: ELECTRIC VEHICLES (EV) COULD BE EXPECTED TO TAKE UP AROUND 50% OF GLOBAL CAR SALES BY 2030. In 2020, the market was worth 160.01 billion dollars. Expecting this number to grow to 823.75 billion dollars by 2030, the EV market could be growing annually on average by 18.6%.

TESLA: EVENTS AND ANALYSIS

• EVENT (JANUARY 24, AFTERMARKET): Q4 EARNINGS REPORT. Tesla is expected to post a figure of 25.64 billion dollars in Q4, up from 23.35 billion dollars in the third quarter. This would be a new record in terms of quarterly revenue for the company. In addition, the company is expected to report a net income of 2.6 billion dollars, up from Q3 net income of 1.85 billion dollars.
• Q4 CAR DELIVERY DATA (NEW RECORD OF 484,507 VS. 481,000 expected). Tesla delivered 1,808,581 EVs in 2023, UP 38% from 2022.
• STATISTICS (2020- 2023) (TABLE I): TESLA STOCK RISES ON AVERAGE BETWEEN 8% AND 9% BETWEEN QUARTERLY DELIVERY DATE AND QUARTERLY EARNINGS DATE.

TABLE I: TESLA STOCK PRICE ACTION BETWEEN DELIVERY AND EARNINGS DATES (2020- 2023) *

DATA SOURCE 1: BLOOMBERG; DATA SOURCE 2: FORTRADE METATRADER 4;

Please note that past performance does not guarantee future results.

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*- Note that prices are not adjusted for stock splits

TESLA: OTHER ANALYSIS

• TESLA IN INDIA: GUJARAT, INDIA SUMMIT TO ANNOUNCE THAT TESLA WILL START OPERATING IN INDIA FOR THE FIRST TIME EVER? The final stages of negotiations for the EV giant's inaugural manufacturing unit in the country are underway and expected to be announced at the Vibrant Gujarat Summit starting on January 10. The potential sites for the Tesla manufacturing plant include Sanand, Becharaji, and Dholera. Tesla was willing to invest up to $2 billion to set up a local factory in India. Tesla aims to introduce the Model 3, Model Y, and a new, more affordable hatchback to the Indian market.

• TESLA LAUNCHED ITS LATEST PRODUCT: CYBERTRUCK (NOVEMBER 30, 2023). According to Bloomberg, the Cybertruck comes in three configurations: rear-wheel drive, all-wheel drive and the so-called Cyberbeast. The cheapest version of the Cybertruck will cost $60,990, which is more than 50% over the price Musk floated when he announced the vehicle in 2019. That version, a rear-wheel drive model with a battery range of 250 miles, won’t be available until 2025. Tesla is offering delivery in 2024 for the two more expensive models, including the Cyberbeast, which has a price tag of nearly $100,000. EXPECTED DELIVERY IN 2024: 100,000 to 120,000. According to analysts, Tesla could deliver 100,000 or more Cybertrucks in 2024, and at least 240,000 in 2025.

TESLA: PRICE ACTION

• THE STOCK HAS TRADED AROUND 42% BELOW ITS ALL- TIME HIGH OF $414.4 (November 4, 2021). Tesla was last trading around $238, and if a full recovery follows to recent all- time highs, the stock could see an upside of around 73%. However, the price could decline further.
• ANALYSTS OPINIONS: Morgan Stanley forecasts $380. Wedbush forecasts $350. RBC Capital forecasts $300. Muziho forecasts $330.

#TSLA, January 4, 2024
Current Price: 238

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) 04/01/2024

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