Where Will Tesla Stock Be in 5 Years?
$Tesla(TSLA.US$ The article reported that over the last five years, Telsa's shares in the electric vehicle (EV) giant have grown by a jaw-dropping 1,263%, dwarfing the S&P 500's return of just 54% over the same period. It gave 2 reasons why Tesla has a bright future:
1) Tesla could eventually win the price wars
In the near term, this is a headwind for Tesla's stock because lower margins can mean lower profits, even if revenue keeps growing. But long-term investors should remember the big picture. Analysts at Goldman Sachs expect EVs to make up half of global new car sales by 2035 - with the percentage rising above 85% in the U.S. and European Union. As of 2022, EVs represent just 14% of global new car sales, so the industry is still relatively young. It makes sense for Tesla to sacrifice near-term profits to maximize long-term market share. The company's scale and profitability will also help it outcompete loss-making rivals like Rivian or Lucid.
2) Energy storage could become a key growth driver
2) Energy storage could become a key growth driver
In the second quarter, Tesla's energy segment generated $1.5 billion in sales -- around 6% of total revenue. But with a year-over-year growth rate of 74%, the business is expanding faster than automotive and services, which grew at rates of 46% and 47%, respectively.
Over the long term, energy may become a larger percentage of Tesla's revenue, supporting top-line growth and giving it much-needed diversification. Management is investing heavily in the opportunity by building out production infrastructure. In April, the company announced plans for its second "megafactory" in Shanghai, China designed to produce 10,000 storage batteries annually. The project could help lower costs and increase the availability of Tesla's energy products.
Over the long term, energy may become a larger percentage of Tesla's revenue, supporting top-line growth and giving it much-needed diversification. Management is investing heavily in the opportunity by building out production infrastructure. In April, the company announced plans for its second "megafactory" in Shanghai, China designed to produce 10,000 storage batteries annually. The project could help lower costs and increase the availability of Tesla's energy products.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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bullrider_21 : Tesla went on a 13-day winning streak
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MonkeyGee bullrider_21: You have some of the best TA on moomoo. don't have to justify your actions to people who don't understand TA. just like the funny thing that someone thinks I care when NIO and Xpeng drops. I saw it two days before it happened. people will learn soon who they should follow on moomoo because when the market tanks it will flush out the good and the bad.
ZnWCOP bullrider_21: Thanks for contributing "comment".
ZnWCOP MonkeyGee: Thanks for contributing "comment".
bullrider_21 MonkeyGee:
bullrider_21 MonkeyGee: Thanks for your compliment. I don't care too. I only care about someone posting misleading comments.
ZnWCOP MonkeyGee: Thanks for contributing "comment".
ZnWCOP bullrider_21: Thanks for contributing "comment".
bullrider_21 : TA: Tesla price target for the week
https://www.moomoo.com/community/feed/111109766840326?global_content=%7B%22invite%22%3A%22102079252%22%2C%22promote_content%22%3A%22mm%3Afeed%3A111109766840326%22%7D&data_ticket=8d79554dc8b17a0ea10adf128b61190d&futusource=nnq_personal_host
ZnWCOP bullrider_21: Thanks for contributing "comment".