During intraday trading Tesla was 1-2% higher than the close. Elon Musk was richest during the day.
However, Tesla is very likely heading for substantial higher move over the next three weeks.
Gary Black is an x-fund manager who trades Tesla and has been very accurate on Tesla stock price.
Gary identifies the following catalysts for Tesla
1/ $8T Active Mgr buying (now) [NBF – This is still happening]
2/ MIC Y launch (now) [NBF – Made in China Model Y has over 100,000 orders after opening for orders a few days ago. ]
3/ Street ups FY’21 Est/PTs (1/4) [NBF – This starting happening yesterday]
4/ CyberTruck update (1/15)
5/ FSD MRR launch (1/15) [NBF- monthly Full Self Driving]
6/ Biden inaugural/EV credit (1/20)
7/ 4Q EPS $1.06 v $0.93 (1/27)
8/ FY’21 Deliv 840K v 777K (1/27)
$830 PT (Price Target) 6-12 mo.
SOURCES- Bloomberg, Gary Black
Written By Brian Wang, Nextbigfuture.com (Brian owns shares of Tesla)
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.