My suppliers. They are forced to remain shut.
edit: these are my suppliers, not Tesla suppliers. They are in Zejiang province which is attached to shangai. All industry in province on shutdown.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
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My suppliers. They are forced to remain shut.
edit: these are my suppliers, not Tesla suppliers. They are in Zejiang province which is attached to shangai. All industry in province on shutdown.
Who knows, but above $662 now. Typically a big move like this in pre-market carries into main trading hours - assuming no massive negative news in the meantime.
Not an advice.
Which City? I have a customer in Shanghai. Still back to work next week, AFAIK.
664, btw.
Favguy
Member
Sudre
Active Member
Maybe some entity has to cover all their naked shorts from Friday over the next three days and figured they’d get it out of the way today/this morning. Either way I was happy to introduce my new 100 shares to the family of other shares.
Please, don't get too optimistic. Rating agencies are very, very, very rarely aggressive on the uprating side. For initial ratings (especially secured debt) there is competition to give high ratings. After that they tend towards caution on upside. Until the last few disasters all the agencies tended to be cautious on downside too, but now they tend to be a trifle quicker.
For TSLA they have the disadvantage of a company operating in volatile sectors with nominally serious competitors and high sensitivity to government incentives. Never mind what we know, think about what they know. There is solid reason for caution by rating agencies, and not much pressure to raise the ratings.
Were the world rational and well-informed we'd have seen upgrades by now, IMHO.
Artful Dodger
"Neko no me"
Pre-Market High: $670.48 (08:04:18 AM)
UPDATE: Tesla (TSLA) PT Raised to $808 at Argus Following Strong Earnings Report
February 3, 2020 7:45 AM EST
Argus analyst Bill Selesky raised the price target on Tesla to a 'Street High' $808.00 (from $556.00) while maintaining a Buy rating.
The analyst comments "Our positive view assumes continued revenue growth from the legacy Model S and Model X, as well as strong demand for the new Model 3, which accounted for more than 80% of 4Q19 production. Despite past production delays, parts shortages, labor cost overruns, and other difficulties, we expect Tesla to benefit from its dominant position in the electric vehicle industry and to improve performance in 2020 and beyond."
Argus analyst Bill Selesky raised the price target on Tesla to a 'Street High' $808.00 (from $556.00) while maintaining a Buy rating.
The analyst comments "Our positive view assumes continued revenue growth from the legacy Model S and Model X, as well as strong demand for the new Model 3, which accounted for more than 80% of 4Q19 production. Despite past production delays, parts shortages, labor cost overruns, and other difficulties, we expect Tesla to benefit from its dominant position in the electric vehicle industry and to improve performance in 2020 and beyond."
Looks like the Market wants to price in a $20/share upside on this Analyst Upgrade. Notice that they leave themselves plenty of room for further upgrades to the PT in 2020 because this $808 tgt is based solely on Models S/X revenue growth and continued market dominance by Model 3.
Just wait until the Model Y starts to compete. Hint: its not EVs that will be squeezed out of the market, its ICE SUVs and CUVs, the biggest segment in N.America and Europe. YEARS of PT upgrades ahead on this product alone.
Cheers!
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Fact Checking
Well-Known Member
Alphacrux
Member
Also remember Ark released their updated $15K/share bull case last Friday.
I find it really funny to see a stock at ATH in untouched territory bouncing back from a number like $670 while you don't have any resistance or other reason but round number some investors seem to just not like.
Pure psychology
WE DISCUSSED THIS ALREADY?
China's CATL signs battery supply agreement with Tesla
China's CATL signs battery supply agreement with Tesla
China's CATL signs battery supply agreement with Tesla
China's CATL signs battery supply agreement with Tesla
Fact Checking
Well-Known Member
I find it really funny to see a stock at ATH in untouched territory bouncing back from a number like $670 while you don't have any resistance or other reason but round number some investors seem to just not like.
Pure psychology
Well, the $669.69 was probably a humorous investor putting in a sell limit order at that value, and the price bounced back from it temporarily, only partially filling it.
Went through $670 shortly afterwards.
(Such trade confirmations should be requested in paper, framed and hung on the wall, right next to the $420 confirmations.)
Artful Dodger
"Neko no me"
Yes I remember, but ARK's previous bear case was $700.
The SP was steady at around $648 in the early Pre-Market until this upgrade came out:
Pre-Market High: $675.00 (08:28:09 AM)
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Sean Wagner
Member
Slightly exaggerated: the more innovation and rapid evolution is required, the harder it will be for putative rivals-without-a-mission to simply throw money around and scale. I prefer Elon and his team of extraordinary engineers to have some medium-heavy lifting to do. And yes, without a good challenge Tesla will lose Elon.
Fascinating. Smart old hands given a challenge and scary decision-making powers.
Honestly, I'm not sure I want to tell at this point
First principles. Glad to hear such thoughts "being mulled", this is one direction I've been researching a bit. If Ni remains the cells' main material input, how would an Elon go about pushing prices down once gains from automation, chemistry, and scaling demand outsize efforts for diminishing returns? What critics fail to grasp is that Tesla is a literally technically-minded problem-solving juggernaut.
Quote/ Tesla will determine the battery purchase volume between July 2020 and June 2022, according to its own needs, CATL said in a stock exchange filing, adding the agreement does not impose restrictions on Tesla's purchase volume. /Unquote
Quote extraordinary. I presume TESLA and CATL have shared their thoughts on what the upper and lower bounds will be.
This is when I imagine many automotive executives exhaling in expletives, ideally sounding like Chrisjen Avasarala played by Shohreh Aghdashloo. How are they supposed to fulfill their EV quotas in China without paying through their nose for cells?
Just you wait when the big boy muscles in...
Pezpunk
Active Member
this is the unstoppable upward trend i was frankly expecting late Friday. Don't expect a pullback.
Favguy
Member
right, while out to lunch I made 15k €.
The lunch break is important...
Why did you sell your shares?
The Accountant
Active Member
I did these charts quickly, so please let me know if anyone sees an error with my numbers:
Q1 2020 - Profit from Most Recent 4 Qtrs
Yahoo has Q1 2020 Net Income consensus at about 39m.
This is short of what is needed in Q1 for S&P500 inclusion.
See table below.
Telsa needs about $160m in Q1 2020 to get the profitablity needed. Possible but unlikely.
Q2 2020 - Profit from Most Recent 4 Qtrs
Once the ugly Q1 2019 is gone from the calculation, 4 Qtr profitablity is basically certain in Q2 2020
Yahoo has Q2 2020 Net Income Consensus at $85m and this get Telsa about $372m in the most recent 4 Qtrs.
See table below
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