Tesla delivery data is coming! 43%^ potential upside according to target price.
$Tesla(TSLA.US$ first-quarter deliveries will be released this week, this number could lift the stock.
$Tesla(TSLA.US$ stock was up 2.8% in early trading. The $S&P 500 Index(.SPX.US$ and $Nasdaq Composite Index(.IXIC.US$ rose about 0.5% and 0.3%, respectively.
CEO Elon Musk said on the company's fourth-quarter earnings conference call that " demand far exceeds production" and "we currently are seeing orders at almost twice the rate of production."
The improvement in demand is a big reason that Tesla stock was up about 55% year to date, coming into Monday trading.
Barclays analyst Dan Levy believes $Tesla(TSLA.US$ will beat the consensus call of 420,000 vehicles and delivery roughly 425,000 cars. That would be enough to give the stock a boost, according to Levy.
He has a "Buy" rating on Tesla with a price target of $275, representing about 43%^ upside from the stock's current price.
Wall Street is expecting the data to show about 420,000 units were delivered in the first quarter of 2023, up from about 405,000 in the fourth quarter of 2022.
That implies growth of about 4% from the prior quarter and about 35% compared with the roughly 310,000 vehicles delivered in the first quarter of 2022.
If considering Tesla, you may select an ETF that has Tesla!
ETFs may not require you to trade frequently and will potentially rise in the long run as long as the index continues to move upward.
During market downturn, you may use the dollar cost average approach to accumulate the ETF at a lower price. When the market rebound and form a "Smiling Curve", you may achieve a potential return.
+10.8%^ YTD
The ETF has 14.13% Tesla and 25.11% Amazon
+117%^ YTD
This ETF contains 12.17% Tesla as well as 9.99% Apple, 8.55% Nvidia, etc.
^source:moomoo, data from 2023/01/03 to 2023/03/28
source:Barrons, 2023/03/27
$Tesla(TSLA.US$ $Consumer Discretionary Select Sector SPDR Fund(XLY.US$ $MicroSectors FANG+ Index 3X Leveraged ETN(FNGU.US$ $iShares US Technology ETF(IYW.US$ $Invesco QQQ Trust(QQQ.US$ $ProShares UltraPro QQQ ETF(TQQQ.US$ $Direxion Daily Technology Bull 3X Shares ETF(TECL.US$ $Invesco NASDAQ 100 ETF(QQQM.US$ $SPDR Portfolio S&P 500 ETF(SPLG.US$ $ARK Innovation ETF(ARKK.US$ $The Technology Select Sector SPDR® Fund(XLK.US$
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
TestLa Kopi : @Next week.
Chan Hin Pui :