We have bounced off $800 twice this week. My bet is today $800 will hold. I dont believe in technical trading BUT often it takes 3 times to get over these psychological thresholds. I remember when we moved past $1,000 before the stock split, we bounced back off it about a dozen times
On to longer timelines. I have a very simple prediction on TSLA share price which ties in to those some other people have made on YouTube etc. but much simpler.
By end of 2030....
- If Tesla ramps up car production to 10m per year, we can expect the share price to go up $1 per day until then ($1bn value added per day) to reach $3,400 by 2030
- If Tesla also solves FSD, share price will go up $2 per day to reach $6,800 by 2030 (share price will double within a month of FSD being rolled out)
- If Tesla produces so many batteries, they can also revolutionize the energy sector, share price will go up by $3 per day to reach $10,200 by 2030
This is going to be my mantra until there is some hard evidence suggesting otherwise