dreamingof3
Member
Looks like a smart move since we have lost nearly 1/4 of the company value in a month.
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Gerardf
Active Member
I do not remember such a promise made by Elon / Tesla ?
Maybe you are mixing up with showing the Model-X in Geneva.. IIRC that was announced.
Chickenlittle
Banned
Morgan Stanley lowered price target by 100No, im not mixing..They said, they will unveil it in Geneva, thats why im going to Autosalon not because of the gasburners
Can anyone confirm this?
Maybe it was my wish so i had in mind, that Elon also said, they will unveil it in Geneva.
Anyways...
dreamingof3
Member
Tesla target cut to $333 on lower Model X, 3 expectations at Morgan StanleyMorgan Stanley analyst Adam Jonas said manufacturing and engineering troubles delayed the Model X launch by at least one year and may have added "hundreds of millions of dollars" to costs for Tesla. While the company focuses significant effort on the Model X, Jonas repeats his expectation that the Model 3 will not launch until late 2018, which is at least one year later than the company is targeting. Citing the Model X and Model 3 concerns, as well as a lower valuation for Tesla Energy and rising competition in the shared mobility space, Jonas cut his price target on Tesla shares to $333 from $450, but maintains an Overweight rating on the stock. |
Referring to a reduced valuation for Tesla Energy, Jonas said, “The true cost of owning an energy storage unit appears even higher than we previously thought.” He further commented that this the economics do not support “much of the gigafactory output being diverted to the power sector any time soon.”
Moreover, the valuation of Tesla Energy now reflects a “greater degree of risk from low energy prices.”
There has been a significantly higher level of interest in the shared mobility space by a wide range of competing players, Jonas pointed out. He expects the “competing efforts” from that companies like Ford Motor Company F, Volkswagen, LG Corp and Alphabet Inc GOOGL to be genuine and there could be “further significant follow-through with investment and collection of human capital.”
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29,108,846 Tesla shares have been shorted (apparently).
Tesla Motors Inc (TSLA ) Bearish Sentiment Settles In: Short Interest Swirls to Record High
The article lays out a load of confirmation bias suggesting that this is something to do with the actual performance of the company! Ooops!
Them there 29,108,846 is a lot of shares that need to be bought (squeezed). That's at least a 2:1 accelerator to compliment any 2016 long position bought now. The fact that some media of which this is an example seek to conflate market-wide chart action with an actual Tesla related short thesis exposes the shorts to this vulnerability quite dramatically based on Tesla related disclosures throughout 2016 commencing this month (February).
Inside EVs January 2016 CAR SALES will be reported On [from] Tuesday, February 2nd, 2016 Monthly Plug-In Sales Scorecard
Then of course there is the Q4 ER and Q1+ guidance.
There is no change to the thesis that I have laid out since December (and earlier elsewhere). I would expect to see two new ATHs this year with the second and highest in Q3 to coincide with a Model 3 production fundraiser on the back of stellar reservations.
Just to clear up the Model 3 unveil thing. Tesla's Q3 SEC filings refer to the Model 3 Alpha and Beta probable enough to vest Musk's options. Fast forward six months minimum to end March 2016 one can rest assured that Tesla will unveil the Model 3 Alpha or Beta, not a picture of it and any undisclosed features of it will be retained for shock and awe.
For example, one of those possible features is a Rechargeable Metal Air range extender last seen in Tesla patent filings back in 2013 and never discussed since. Maybe they abandoned it or maybe JB's reference to a new battery architecture speaks to it. (Not sure what else would genuinely qualify as a new battery architecture. This would definitely qualify). This by the way is how one would deal with delivering starship range for occasional road-trips without carrying an excessively large capacity lithium ion battery at all times that is almost never fully used.
Tesla Motors Inc (TSLA ) Bearish Sentiment Settles In: Short Interest Swirls to Record High
The article lays out a load of confirmation bias suggesting that this is something to do with the actual performance of the company! Ooops!
Them there 29,108,846 is a lot of shares that need to be bought (squeezed). That's at least a 2:1 accelerator to compliment any 2016 long position bought now. The fact that some media of which this is an example seek to conflate market-wide chart action with an actual Tesla related short thesis exposes the shorts to this vulnerability quite dramatically based on Tesla related disclosures throughout 2016 commencing this month (February).
Inside EVs January 2016 CAR SALES will be reported On [from] Tuesday, February 2nd, 2016 Monthly Plug-In Sales Scorecard
Then of course there is the Q4 ER and Q1+ guidance.
There is no change to the thesis that I have laid out since December (and earlier elsewhere). I would expect to see two new ATHs this year with the second and highest in Q3 to coincide with a Model 3 production fundraiser on the back of stellar reservations.
Just to clear up the Model 3 unveil thing. Tesla's Q3 SEC filings refer to the Model 3 Alpha and Beta probable enough to vest Musk's options. Fast forward six months minimum to end March 2016 one can rest assured that Tesla will unveil the Model 3 Alpha or Beta, not a picture of it and any undisclosed features of it will be retained for shock and awe.
For example, one of those possible features is a Rechargeable Metal Air range extender last seen in Tesla patent filings back in 2013 and never discussed since. Maybe they abandoned it or maybe JB's reference to a new battery architecture speaks to it. (Not sure what else would genuinely qualify as a new battery architecture. This would definitely qualify). This by the way is how one would deal with delivering starship range for occasional road-trips without carrying an excessively large capacity lithium ion battery at all times that is almost never fully used.
Krugerrand
Meow
Oh, please. As an analyst he's either manipulative or bipolar, take your pick. He's done this before, he'll likely do it again.
He can't even get the auto sector right. I do not trust him for energy valuation and he definitely is underestimating the market. Powerwall/Powerpak is actually a huge business opp. which alone can add at least $10B market cap easily if they were just selling commercial.
next time his pt will likely be $500 or something)
Someone is dribbling out 100 and 400 blocks of shares in the pre-market in the mid $180s
Jonas. Sure. Morgan Stanley wants to mop up shares from the retail market. Who wouldn't at these prices at the beginning of This Year (of all years).
Adam Jonas has been quite illogical in his statements of late.
A while back he looked at the Sig pricing and slammed Tesla Model X for being $25K more expensive than their internal predictions. Which is absurd (financially inept) considering that his complaint boiled down to an extra $25K x 30,000 sales (= $750 million) more 2016 revenue than they estimated. This was $25,000 extra per car with a 30,000 and GROWING reservation tally at the point he wrote his note.
Suggesting Model X pushes out Model 3 to late 2018 is irresponsible and baseless nonsense. There is no such dependency between these programs. If anything Model 3 is much further advanced than anyone realizes and has been advancing in the background for years.
Johan
Ex got M3 in the divorce, waiting for EU Model Y!
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