NASDAQ Composite opens in less than one hour and Tesla’s pre-market value is already 1.56% up.
The last session, NASDAQ Composite ended with Tesla sliding 1.1% to $845.00. NASDAQ Composite fell 0.12% to $13,112.64, following last session’s downward trend on what was a somewhat negative trend trading session.
Tesla’s last close was $854.41, 4.67% below its 52-week high of $884.49.
News about Tesla today
Tesla shares worth $1,250 in top scenario, wedbush says. According to today’s article on Bloomberg Quint, "The hearts and lungs of the Tesla bull thesis is centered around China as we have seen consumer demand skyrocket into 2021 not just for Model 3s, but for impressive domestic competitors such as Nio, Xpeng, Li Auto and others," Ives said. ", "Ives raised his price target for Palo Alto, California-based Tesla to $950 a share from $751 to reflect the stronger demand for electric vehicles. "
Tesla gets $1,250 bull case target from wedbush as EV market remains its world where others 'paying rent'. According to today’s article on Business Insider, "The Tesla Thesis: The Elon Musk-led automaker now exceeds the one million delivery threshold in 2022 and could approach five million deliveries annually by the end of the decade, if global EV demand maintains the current pace, Ives wrote in a note Thursday.", "We believe that the China growth story is worth at least $100 per share in a bull case to Tesla as this EV penetration is set to ramp significantly over the next 12 to 18 months, along with major battery innovations coming out of Giga 3."
The new $950 price target for Tesla stock at wedbush is wall street's highest. According to today’s article on MarketWatch, "Ives said the "hearts and lungs" of investors’ bull thesis on Tesla has been centered on China, as consumer demand has skyrocketed into 2021, not just for Tesla’s Model 3s, but for electric vehicles from "impressive" domestic competitors such as Nio Inc. , Li Auto Inc. and Xpeng Inc.", "A Blue Senate is very bullish and a potential ‘game changer’ for Tesla and the overall EV sector in the U.S., with a more green-driven agenda now certainly in the cards over the next few years," he wrote."
Tesla’s sales growth is 38.1% for the present quarter and 59.8% for the next. The company’s growth estimates for the current quarter and the next is 131.7% and 282.6%, respectively.
Year-on-year quarterly revenue growth grew by 39.2%, now sitting on 28.18B for the twelve trailing months.
Tesla’s Stock Yearly Top and Bottom Value
Tesla’s stock is valued at $845.00 at 08:38 EST, below its 52-week high of $884.49 and way higher than its 52-week low of $70.10.
Tesla’s Moving Average
Tesla’s value is way above its 50-day moving average of $673.13 and way above its 200-day moving average of $451.33.
Tesla’s last day, last week, and last month’s average volatility was 0.59%, 2.52%, and 1.64%, respectively.
Tesla’s last day, last week, and last month’s high and low average amplitude percentage was 3.42%, 5.11%, and 4.65%, respectively.
Previous days news about Tesla
Nio stock pulls back after Citigroup downgrades on Tesla competition concerns. According to MarketWatch on Tuesday, 12 January, "Shares of Nio Inc. slipped 1.0% in premarket trading Tuesday, pulling back slightly after back-to-back record closes, after Citigroup analyst Jeff Chung backed away from his bullish stance on the China-based electric vehicle maker, citing concerns over competition from Tesla Inc. . "
Nio stock pulls back after a Citigroup downgrade over Tesla competition concerns. According to MarketWatch on Tuesday, 12 January, "Shares of Nio Inc. slipped 1.0% in premarket trading Tuesday, pulling back slightly after back-to-back record closes, after Citigroup analyst Jeff Chung backed away from his bullish stance on the China-based electric vehicle maker, citing concerns over competition from Tesla Inc. . "
Men are more likely than women to invest in companies like Tesla. here's why. According to MarketWatch on Tuesday, 12 January, "Upon raising the bank’s price target for Tesla earlier this week to $900, Murphy and his team of analysts wrote: "The higher the upward spiral of [Tesla’s] stock goes, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price.", "An even more blatant example of momentum-based thinking appeared in the lead story on MarketWatch on Monday: "He began buying Tesla at $7.50, and now he’s retiring at age 39 with $12 million. "
Hunt for the next Tesla fuels wave of electric-vehicle deals. According to Bloomberg Quint on Tuesday, 12 January, "EV company valuations are soaring as investors hunt for the next Tesla Inc., which saw its market capitalization reach a record $834 billion last week, topping Facebook Inc. The mania has even lifted companies with no profits to speak of — such as Nikola Corp. and Lordstown Motors Corp. That’s encouraged automakers in need of capital to go public via SPACs, while others expand their market share through strategic partnerships."
Tesla incorporates local unit to start selling cars in India. According to Bloomberg Quint on Tuesday, 12 January, "India has been long wooing Tesla to set up a factory to underscore the Narendra Modi-led government’s focus on bringing investments and creating jobs. ", "But he tweeted last year that Tesla would definitely launch its cars in India in 2021. "
Billionaire investor howard marks says individual investors should 'absolutely cut back' their Tesla shares if they've already made huge gains. According to Business Insider on Tuesday, 12 January, "The Oaktree Capital Management co-founder responded that Tesla is an "extreme case," but investors who have a disproportionate amount of their wealth in the company should consider taking profits now.", "Shares of Tesla gained as much as 7% Tuesday, to $868 a share, after hitting a record high last week. "
The ford mustang mach-e just won 'suv of the year' in the latest signal the new crossover will give Tesla a run for its money. According to Business Insider on Wednesday, 13 January, "But the Mach-E hasn’t just impressed members of the media, it has also wowed Wall Street analysts, who say that Ford’s sleek electric crossover could spell bad news for Tesla investors.", "A team of JPMorgan analysts took the Mach-E for a spin recently, "and walked away thoroughly impressed." While the new car isn’t necessarily better than the Tesla Model Y – its biggest competitor – it could help boost Ford’s market value, JPMorgan said in a note to clients."
Car safety regulators urge Tesla to recall around 158,000 vehicles. According to The Wall Street Journal on Thursday, 14 January, "Federal regulators are asking Tesla Inc. to recall about 158,000 vehicles over safety concerns in what would amount to one of the biggest safety actions by the electric-vehicle maker.", "The National Highway Traffic Safety Administration asked Tesla in a Jan. 13 letter to recall some Model S luxury sedans and Model X sport-utility vehicles. "
Tesla asked to recall 158,000 model S and model X vehicles over a safety defect involving failing touchscreens. According to Business Insider on Thursday, 14 January, "Read more:How Tesla bounced back from worst mistake Elon Musk ever made and became the world’s most valuable car company", "The issue, which stemmed from the MCUs failing after exceeding their storage capacity, impacted certain 2012-2018 Model S and 2016-2018 Tesla Model X vehicles."
Tesla asked by federal regulator to voluntarily recall 158,000 vehicles over safety-functions-related defect. According to MarketWatch on Thursday, 14 January, "The National Highway Traffic Safety Administration has sent a letter to the Silicon Valley electric-vehicle maker Tesla Inc. seeking a voluntary recall by the company of some 158,000 Model X units from the 2016, 2017 and 2018 model years over a possible defect impacting safety functions including rear-view-camera operation. "
Believe in Tesla? then why aren't gm, ford and toyota crashing?. According to The Wall Street Journal on Thursday, 14 January, "Make some rosy assumptions about Tesla Inc. capturing a large part of the world’s vehicle sales, making more profit from each sale than existing car makers and adding in a nice business supplying battery-backed solar installations. ", "And shareholders are ignoring this most basic logic, pricing in success both for Tesla and for the rest of the industry."
âvastly technically disconnectedâ: A market strategist breaks down the 3 indicators that show Tesla is overpriced – and says itâs due for a 17% correction in the next 6 weeks. According to Business Insider on Thursday, 14 January, "Shares of Tesla have gone on a blistering vertical tear over the last two months following their inclusion in the S&P 500 index and a stock split.", "In other words, while Tesla is posting all-time-high prices, its RSI is not reaching highs – another sign it’s due for a pullback, he said."