Tesla's Catalysts in 2024
$Tesla(TSLA.US$ $NIO Inc(NIO.US$ $XPeng(XPEV.US$ $BYD COMPANY(01211.HK$ This article is a summary of a YouTube video "Catalysts For Tesla Stock In 2024" by Solving The Money Problem. I have listed 7 catalysts:
1) Elon Musk's innovative leadership at Tesla sets him apart, with high scores for management teams.
2) Tesla stock has potential catalysts in 2024 with projected 20 million annual vehicle deliveries and exponential growth, but the introduction of a $25,000 vehicle and production ramp-up of the cyber truck may impact margins.
3) Tesla's self-driving cars and humanoid robots face competition from Nvidia's AI innovations, potentially putting them behind in the field.
4) Tesla's goal of 20 million annual vehicle deliveries by 2024 is ambitious but achievable with accelerated production and investment in EVs due to exceeding demand.
5) GM and Ford may use Tesla's technology, Mary B SP may step down, GM's future profitability is in doubt, investors should focus on Tesla's autonomous division, and Tesla's full self-driving technology makes their vehicles significantly safer.
6) Tesla stock is expected to see a significant increase in value in 2024 due to the return of advertisers and increased profitability of X, a valuable source of information and potential major player in financial services.
7) Increased energy and productivity from using A1 has positively impacted the speaker's daily life, leading to continued promotion of the product.
Additional points:
1) The above are foreseeable catalysts and we have not even mentioned long term ones like Tesla's Dojo Supercomputers, Optimus robots mass production and new Sustainable EV batteries.
2) On whether Tesla should remain in Magnificent seven (back to FAANG), Dollars and Sense see that there is some relationship between revenue growth and stock price growth of each company. Among the magnificent seven stocks, Tesla were the second and third highest in revenue growth, and were also second and third highest in stock price growth correspondingly in 2023.
1) Elon Musk's innovative leadership at Tesla sets him apart, with high scores for management teams.
2) Tesla stock has potential catalysts in 2024 with projected 20 million annual vehicle deliveries and exponential growth, but the introduction of a $25,000 vehicle and production ramp-up of the cyber truck may impact margins.
3) Tesla's self-driving cars and humanoid robots face competition from Nvidia's AI innovations, potentially putting them behind in the field.
4) Tesla's goal of 20 million annual vehicle deliveries by 2024 is ambitious but achievable with accelerated production and investment in EVs due to exceeding demand.
5) GM and Ford may use Tesla's technology, Mary B SP may step down, GM's future profitability is in doubt, investors should focus on Tesla's autonomous division, and Tesla's full self-driving technology makes their vehicles significantly safer.
6) Tesla stock is expected to see a significant increase in value in 2024 due to the return of advertisers and increased profitability of X, a valuable source of information and potential major player in financial services.
7) Increased energy and productivity from using A1 has positively impacted the speaker's daily life, leading to continued promotion of the product.
Additional points:
1) The above are foreseeable catalysts and we have not even mentioned long term ones like Tesla's Dojo Supercomputers, Optimus robots mass production and new Sustainable EV batteries.
2) On whether Tesla should remain in Magnificent seven (back to FAANG), Dollars and Sense see that there is some relationship between revenue growth and stock price growth of each company. Among the magnificent seven stocks, Tesla were the second and third highest in revenue growth, and were also second and third highest in stock price growth correspondingly in 2023.
3) About other negative comments on Tesla stock and the company (or Elon Musk), it depends on what you believe. It is a good practice to read both sides - positive and negative before making a conclusion. For negative critics, I always check their historical posts about a particular stock. If he frequently posts negative comments (to the extent of spreading FUD), it is a confirmation bias red flag and you should stop reading them no matter what TA charts are presented.
Source:
1) Tesla Stock Catalysts 2024: Growth & Profitability Ahead - Eightify
2) Guide To The Magnificent 7 Stocks And How They Performed In 2023 - Dollars and Sense
Source:
1) Tesla Stock Catalysts 2024: Growth & Profitability Ahead - Eightify
2) Guide To The Magnificent 7 Stocks And How They Performed In 2023 - Dollars and Sense
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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ZnWCOP : I also suggest retail investors use more than one search engine like Google chrome, Microsoft Bing, Baidu (Alibaba & Tencent), X.com (previously known as Twitter) etc to look for financial articles to give you a more complete picture of a particular stock.