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A Poker Move For the Ages
Dan Ives, an analyst and Tesla Bull from Wedbush Securities, said that Elon Musk and Tesla did a "poker move for the ages" when they drastically cut prices and kept volumes high for Tesla deliveries.
He also said the following:
People want a Tesla. They don't want an EV. They want a Tesla.
Brian Sullivan, seen interviewing Dan, talked about Tesla and said he has driven all the other Teslas, and it's just a different experience - different from an electric powered Audi.
Elon Musk: "Let's Not Forget the White House Giving Tesla the Cold Shoulder" And Crediting GM With "Leading the Electric Car Revolution" When They Only Delivered 26 EVshttps://t.co/0HnH2B8Kg7$TSLA @Tesla @torquenewsauto #elonmusk #unions #gm #evs
— Jeremy Noel Johnson (@AGuyOnlineHere) December 25, 2023
Dan Ives mentioned how Detroit is peeling back its production on EVs and that this poker move for the ages by Tesla and Elon Musk puts them in a position of strength.
Dan Ives then went on to say this:
This is just the next stage of the Tesla growth story. I don't think they stop at a trillion. I think this is just the middle innings.
This is in reference to just the auto business.
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The Next Phase of Tesla Growth
The Tesla auto business, when all is said and done, is going to be worth multiple trillions in my opinion - assuming Tesla does indeed get to 20 million vehicles per year in production. This does not count software, robotaxis, the Tesla Bot, or Tesla energy, which are all potential trillions of Tesla's market cap as well.
The Tesla compact car will help Tesla get to the trillion and beyond market cap that Dan Ives mentions here. Tesla will sell 5 million or more of the compact car per year.
In 2030, A 200-Mile Range EV Will Cost $5,000 - And the Cost Decline Doesn't Stop Therehttps://t.co/9HPfIFHJqd$TSLA @Tesla @torquenewsauto #evs #batteries #costdecline #abundance
— Jeremy Noel Johnson (@AGuyOnlineHere) December 24, 2023
It's an exciting time to be a Tesla investor. I've noticed that Tesla generally stands relatively still in its valuation for long periods of time, until a breakthrough, such as autonomy level 4 or something else and then... bam... it's up a few hundred percent for that year.
It's a difficult investment to own because it can be down 50% and up 100% all in the same year. Dan Ives has a $350 price target for Tesla in the next 12 months.
Tesla has multiple trillion dollar businesses within it - all it needs to do is execute. Dan Ives said we are in the middle innings. I think we are in the 2nd inning and Tesla is barely getting started.
In Other Tesla News: Tesla is Sandbagging Cybertruck Production as 80+ Cybertrucks Are Ready for Delivery at Giga Texas
What do you think about Dan Ives statement here - that Tesla and Elon Musk did "a poker move for the ages" in cutting prices and getting volume? Was this a good move by Tesla?
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Hi! I'm Jeremy Noel Johnson, and I am a Tesla investor and supporter and own a 2022 Model 3 RWD EV and I don't have range anxiety :). I enjoy bringing you breaking Tesla news as well as anything about Tesla or other EV companies I can find, like Aptera. Other interests of mine are AI, Tesla Energy and the Tesla Bot! You can follow me on X.COM or LinkedIn to stay in touch and follow my Tesla and EV news coverage.
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