Tesla's Surprising Lead in Europe
Tesla and most all other companies have had struggling stock prices this year, with the first 6 months being a bear market. Tesla was about $655.53 just a few days ago and a lot can happen in a few days.
Tesla is now $769.40, with it being down almost 40% this year. This is one of the many examples of how often things don't make sense in markets, but for those who are able to see clearly and have discipline, there can be great rewards.
There have been many fears this year, from rising rates, Elon Musk selling stock, wars, inflation, recession fears, and things not related to Tesla, such as the Twitter acquisition - or potential acquisition of Twitter. This makes a good opportunity for those who can see it.
Tesla and the Future
Tesla is still down 40% from its 52 week high. It has gone up and down and up and down in a very volatile manner. Tesla seems to be the best risk adjusted opportunity in the stock market. It has traded without much movement in the past before, from 2014 to 2019. Could this happen again? It could and it might be from 2020 to 2025...
Steven did a poll and most people believe that Tesla will go up this coming week with 62.4% of respondents, out of about 5,600, saying the company's stock will go up.
Tesla's upside over the next 12 months is looking like a 50% increase to $1,125 per share. This is because many of the "overhangs" on the stock and the overall market are about to be gone. Tesla will ramp Giga Berlin and Giga Texas to volume production. They will release the Cybertruck. They will release the Roadster. The will solve autonomy and FSD.
Even just the deliveries are impressive, with Tesla delivering over 78,000 vehicles in China in June of 2022. This is without the second factory being up and running and up from a shut down for most of May, 2022. It's important to look forward when trying to understand Tesla.
What do you think Tesla is worth right now? Is it worth $1,125 per share?
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Jeremy Johnson is a Tesla investor and supporter. He first invested in Tesla in 2017 after years of following Elon Musk and admiring his work ethic and intelligence. Since then, he's become a Tesla bull, covering anything about Tesla he can find, while also dabbling in other electric vehicle companies. Jeremy covers Tesla developments at Torque News. You can follow him on Twitter or LinkedIn to stay in touch and follow his Tesla news coverage on Torque News.