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Could Tesla Stock Go To $0?

Quick Note: I will not be predicting the stock price of Tesla. Market Cap is calculated by multiplying the number of shares outstanding by the stock's price. Tesla Model 3 Mainstream Competition: The mainstream competition consists of current available EVs, http://www.hribi.net/video_youtube/video/s8iLsJwB9Mg like the Ford Focus Electric, Kia Soul EV, Volkswagen e-Golf and Nissan Leaf.

At this time, Tesla does not have a direct stock purchase program. As a result of the legal action, the company's shares plummeted by more than 10%. The losses were more than four times the $1.3 billion drop in value of short positions in Apple , the second-largest loss for short-sellers in the US stock market for the month.

While some may consider the Cybertruck too futuristic of a design," wrote Baird analyst Ben Kallo in a Friday research report, we do think strong functionality will eventually win over Tesla loyalists and enable the company to take share from traditional auto OEMs." He also was impressed with the relatively low price point.

My highly detailed technical analysis shows that the stock is on a consistent trajectory (over an incredible two whole data points) to reach $2000 per share in April 2020. Several Tesla analysts on Wall Street are revising their models and price targets on Tesla (TSLA) following the massive stock rally.

Tesla stock surged again on Tuesday after major shareholder Ron Baron forecast the company will top $1 trillion in revenue in a decade and as investors who bet against the stock scrambled to catch up. He also added one more thing is probably boosting Tesla's stock run - a short squeeze." A lot of investors have borrowed Tesla's shares hoping the stock price will fall.

In his latest series of tweets, Black said Tesla's market value is justifiable, writing that the stock market is a discounting mechanism—looks forward not back." He thinks Tesla's annual net income will be $5 billion by 2024 and $15 billion by 2029, against a combined $11 billion annually for Ford and GM now and heading lower.


About the Author

Dominga
52 yrs old Chemical Seed Operator Cruz Breyfogle from Dolbeau-Mistassini, has hobbies which includes pets, Tesla Stock Analysis and fashion. Finished a cruise liner experience that was comprised of passing by Monastery and Site of the Escurial.


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