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Options open interest next week is a fraction of tomorrow's open interest, so I'd say that near or after tomorrow's expiry the price will be moved by fundamentals and stock buying, not derivatives.
Me too.Done
Hey, a lot of you guys made some real money lately. I see lots of you regulars are not Supporting Members to TMC! Come on guys, step up to the plate already!
Yup, you're right. Done.Hey, a lot of you guys made some real money lately. I see lots of you regulars are not Supporting Members to TMC! Come on guys, step up to the plate already!
Oh, man. I can’t afford another day of not getting anything done.This is real-time Frankfurt trading data, with volume bars:
View attachment 507715
Heavy volume by Frankfurt standards (over 40k shares traded meanwhile).
The new Frankfurt ATH is €739.20, which at the current EUR/USD of 1.1061 is $817.6.
I hope everyone who took advantage of my options positioning not-advice last week regarding the observable $650 price barrier is happy with the outcome!
In other news I happy to report I received my Cybtrk shattered glass t-shirt today as we reached the ATH ....please do your part and get your self a shirt with your new found wealth ....
View attachment 507647
Shares of Tesla (TSLA) surged at noon following a number of stories, including Ark Invest saying its new 2024 expected value per share for the car maker is $7,000. Meanwhile, Panasonic's (PCRFY) U.S. battery business with the electric car maker reportedly turned its first profit, while a Chinese company signed a battery supply agreement with the company.
ARK INVEST: On Friday, Ark Invest said that based on its updated expectations for electric vehicle cost declines and demand, as well as its estimates for the potential profitability of robotaxis, its 2024 expected value per share for Tesla is $7,000. Ark's research and modeling suggests that three key independent variables are critical to understanding Tesla's potential: gross margins, capital efficiency and autonomous capability. The firm's bull case for Tesla does not assume the most aggressive inputs for these three variables. In all cases, except those in which it either is denied access to the capital markets or is bankrupt, Ark assumes that Tesla issues $10B in equity capital to scale production "at an accelerated rate and capitalize on its competitive advantages." Ark's bear case implies that Tesla will sell 3.2M vehicles in 2024. Ark's bull case implies that Tesla will maintain its roughly 18% market share, and that a substantial percentage of its fleet will generate high-margin robotaxi platform fees.
BATTERIES: Meanwhile, Panasonic said in its quarterly earnings release that it has reported the first quarterly profit in its U.S. battery business with Tesla, following several years of production troubles and delays at the U.S. car maker, according to Reuters. The news came after Tesla reported its second successive quarterly profit last week, as vehicle deliveries hit a record, Reuters noted. Additionally, Reuters reported Chinese electric vehicle battery maker CATL said it has signed a battery supply agreement with Tesla, under which Tesla will determine the battery purchase volume between July 2020 and June 2022, according to its own needs. CATL noted that the agreement does not place restrictions on Tesla's purchase volume, according to Reuters.
ARGUS UPS PT: All these stories come as Argus analyst William Selesky raised his price target on Tesla to $808 from $556 and kept his Buy rating on the stock following the company's "strong" fourth quarter earnings beat, expectations of R&D costs falling this year, and management's production forecast of over 500,000 vehicles in 2020, up over 40% from last year. The analyst said he anticipates continued revenue growth from Tesla's Model S and Model X, as well as strong demand for the new Model 3, noting that its dominant position in the electric vehicle industry outweighs the recent challenges with production delays, parts shortages, and labor cost overruns.
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Breaking News: TSLA latest news. - The Fly