As long as Tesla doesn’t fall below 1000 we are good. TSLA did not break the Day supply and demand zone so that’s a positive! As always you gotta get that Spice Algo indicator!
Phillippe Houchois, an auto analyst at Jefferies, shared his thoughts about Tesla in a recent interview with Business Insider. The article noted that although Elon Musk has been selling Tesla’s stock (tax season is around the corner, after all), Houchois sees Tesla’s share price rising another 30% over the next year. And he recommends that investors buy it. Houchois’ price target for Tesla’s stock is $1,400.
Houchois thinks that Tesla will continue to rapidly scale up its production while maintaining strong profit margins as it produces cheaper vehicles to compete with legacy car companies. He told Insider that in the future, Tesla could even become the “everything energy company” in the same way as Amazon is the “everything store.”
The article also discussed Tesla’s “army of skeptics” who believe that Tesla’s market valuation is only based on highly speculative predictions about future sales. Many of Tesla’s skeptics, especially the extreme ones, have campaigned relentlessly against Tesla whether by intentionally spreading misinformation or simply crazed theories. Some are like ghosts, haunting every Tesla vehicle that has been revealed and claiming it will never be produced or will never be popular. We’ve seen this with the Tesla Model S, X, 3, Y, and now are seeing it with the Cybertruck and the Semi
Phillippe Houchois, an auto analyst at Jefferies, shared his thoughts about Tesla in a recent interview with Business Insider. The article noted that although Elon Musk has been selling Tesla’s stock (tax season is around the corner, after all), Houchois sees Tesla’s share price rising another 30% over the next year. And he recommends that investors buy it. Houchois’ price target for Tesla’s stock is $1,400.
Houchois thinks that Tesla will continue to rapidly scale up its production while maintaining strong profit margins as it produces cheaper vehicles to compete with legacy car companies. He told Insider that in the future, Tesla could even become the “everything energy company” in the same way as Amazon is the “everything store.”
The article also discussed Tesla’s “army of skeptics” who believe that Tesla’s market valuation is only based on highly speculative predictions about future sales. Many of Tesla’s skeptics, especially the extreme ones, have campaigned relentlessly against Tesla whether by intentionally spreading misinformation or simply crazed theories. Some are like ghosts, haunting every Tesla vehicle that has been revealed and claiming it will never be produced or will never be popular. We’ve seen this with the Tesla Model S, X, 3, Y, and now are seeing it with the Cybertruck and the Semi