Gary Black, the managing partner of The Future Fund LLC and an avid Tesla supporter, who regularly tweets about TSLA has listed 8 catalysts that will affect Tesla. Before I list them, allow me to clearly explain what a catalyst is. Catalyst in this case is an event that quickly causes change or action. And these eight events as of today can greatly affect the direction of Tesla's future and the future of its stock TSLA.
$TSLA catalysts - 12/12
1/ TWTR overhang has to be lifted. This should happen in December.
2/ We need Tesla Giga Shanghai production clarity for December.
3/ Tesla FSD V11's beta wide release in December will be something that a lot of people will look forward to seeing how it performs, especially in the light of radar coming back to Tesla.
4/ There is an expectation that Tesla will announce new gigafactory locations for the production of its electric cars. (UK, East NA). I was hoping Tesla would make this announcement by the end of this year, but it's likely to come in the first quarter of 2023.
5/ Tesla observers and investors want to see the effect of the $7,500 EV tax credit. We will see the effect in the 1st quarter of 2023.
6/ We want to know more about a possibly TSLA $10B buyback. Gary tweeted yesterday, explaining that "if Tesla board approved a buyback, they would have to announce it and file an 8K within 2 bus days. That’s a diff question than when can they buy back stock. If the TSLA trading window is closed (two weeks before qtr-end until 48 hours after earnings) they can’t buy back stock."
7/ Another major catalyst for Tesla will obviously be the Cybertruck launch, which Gary expects in mid fiscal year of 2023.
8/ And the last Tesla catalyst as of know is the $30K EV launch, which Gary expects in mid-fiscal year of 2024.
He also tweeted that perhaps the single biggest catalyst is the potential Fed pivot this week. Do you think things have changed in Tesla's growth story? I am asking this question because some people comment and say nothing has changed in Tesla's growth story, while some others say Tesla has undergone brand deterioration recently. They think Elon has done a tremendous damage to the Tesla brand because of the Twitter overhang, which in their opinion will not be lifted soon. What do you think?
$TSLA catalysts - 12/121/ TWTR overhang lifts Dec2/ China production clarity Dec3/ FSD V11 beta wide release Dec4/ New gigas (UK, East NA) 1Q5/ $7,500 EV credit into effect 1Q6/ TSLA $10B buyback 1Q7/ Cytruck launch mid-FY’238/ $30K EV Launch mid-FY’24$550 PT 6-12 mo— Gary Black (@garyblack00) December 12, 2022
Disclaimer: I am not a Tesla stockholder, nor am I in the stock market.
Armen Hareyan is the founder and the Editor in Chief of Torque News. He founded TorqueNews.com in 2010, which since then has been publishing expert news and analysis about the automotive industry. He can be reached at Torque News Twitter, Facebok, Linkedin and Youtube.