Elon musk twitter tweets : Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. The company sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities. Tesla has multiple vehicles in its fleet, which include luxury and midsize sedans and crossover SUVs. The company also plans to begin selling more affordable sedans and small SUVs, a light truck, a semi truck, and a sports car. Global deliveries in 2021 were a little over 936,000 units.
The start of Cybertruck production ?
Shares of Tesla (TSLA 0.12%) were up by more than 3% soon after the market opened Tuesday, but as of 1 p.m. ET, the shares were up by about 0.8%. The stock moved higher after a Reuters article reported that the electric vehicle leader could begin mass production of its Cybertruck by the end of 2023.
Also boosting Tesla’s stock price was a report Monday from JPMorgan Chase‘s top market strategist predicting that the Federal Reserve could be nearly finished with its interest rate hikes. Rising interest rates have weighed on tech stock valuations throughout 2022, and Tesla is down 35% year to date
CEO Elon Musk previously said that the Cybertruck could be the company’s “best product ever.” He originally unveiled the vehicle in 2019, but delays have pushed back its production. On the third-quarter earnings call in October, Musk said the company was in the “final lap” with the Cybertruck.
Musk wants his company to manufacture at least 250,000 Cybertrucks per year, but it will take time to bring production up to that level. For perspective, Tesla produced more than 1.2 million vehicles over the last four quarters across its four currently available models.
Tesla shuts main showroom in Beijing in shift of China strategy
Tesla has closed its main showroom in Beijing, amid changes in the electric-car maker’s strategy in China. the automaker’s first China store, was located in an high-rent shopping center called Parkview Green, which also has limited space. The company has been trying to get stores in cheaper locations that can also do repairs.
The Beijing store, opened in 2013, was Tesla’s first in China. It was renovated in 2018 and expanded to occupy two floors of the mall.
Tesla owns and runs over 200 outlets across the country that display models and arrange test drives for potential buyers.Tesla has cut starter prices for its Model 3 and Model Y cars by as much as 9% in China, reversing a trend of price increases across the industry amid signs of softening demand in the world’s largest auto market.(elon musk twitter tweets)
Elon Musk’s net worth falls by $9bn since Twitter takeover
Elon Musk’s net worth has dropped by about $9bn since his takeover of Twitter, according to the Bloomberg Billionaires Index.The Tesla titan’s fortune is down to $204bn, about a quarter of his worth before the beginning of this year.
The multibillionaire, however, still remains the richest person on the planet even after closing the deal to buy Twitter last week for his originally agreed price of $44bn.
After buying the platform on Thursday – a deal in which Mr Musk personally paid about $25bn – the SpaceX chief said in a statement that the acquisition was to “try to help humanity” and that he “didn’t do it to make more money”.
The Tesla chief faces a number of challenges as he takes over the social media company.In its second quarter financial report in July, Twitter posted a net 1 per cent revenue decline, “reflecting advertising industry headwinds associated with the macroenvironment” as well as uncertainty related to Mr Musk’s then pending acquisition of the company.
Following his takeover, Mr. Musk has attempted several changes to the platform, including plans to charge users $20 to maintain their verification badges.
“We need to pay the bills somehow! Twitter cannot rely entirely on advertisers. How about $8?,” Mr Musk tweeted in reply to author Stephen King, who complained of the planned move.
Current Analysis for Tesla (Live Stock Price)
The Tesla stock price gained 0.123% on the last trading day (Tuesday, 1st Nov 2022), rising from $227.54 to $227.82. During the last trading day the stock fluctuated 4.45% from a day low at $227.28 to a day high of $237.40.
The price has risen in 7 of the last 10 days and is up by 3.47% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 918 thousand more shares were traded than the day before. In total, 62 million shares were bought and sold for approximately $14.21 billion.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -27.11% during the next 3 months and, with a 90% probability hold a price between $136.05 and $191.62 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.(Analysis elon musk twitter tesla)
Analysis are very negative, selling more shares than they are buying in Tesla
In the last 100 trades there were 101.18 thousand shares bought and 4.81 million shares sold. The last trade was made 29 days ago by Kirkhorn Zachary who sold 3.75 thousand shares. In general the insiders are selling more stocks than they buy. There can be a variety of reasons for this, but in general it can be considered as a negative signal.
Tesla: Implied upside of 571%
The first supercharged growth stock with jaw-dropping upside potential, according to one pundit, is North America’s leading electric-vehicle (EV) manufacturer, Tesla (NASDAQ: TSLA). According to the CEO and chief investment officer of Ark Invest, Cathie Wood, Tesla can reach a split-adjusted share price of $1,533.33 by 2026 — Wood’s original target of $4,600 was issued prior to Tesla’s August 3-for-1 stock split — which would imply 571% upside.(Analysis elon musk twitter tesla)
Wood’s utopian price target assumes there’ll be an incredible ramp-up in production from Tesla’s Gigafactories, as well as the rollout of a significant number of robotaxis. Ark’s research report forecasts that robotaxis will account for 34% of a projected $843 billion in full-year sales for Tesla by 2026. The company is expected to bring in $83.5 billion in sales this year, to give you some idea of how quickly Cathie Wood anticipates sales will ramp.
However, Wood’s price target appears virtually certain to come up short due to Tesla’s greatest risk: its CEO, Elon Musk. Aside from the fact that Musk’s acquisition of Twitter is a monumental distraction, practically all of his innovation-based prognostications have failed to materialize. For example, not a single robotaxi has hit the road following his pledge to have 1 million robotaxis on the road by 2020. Further, level 5 full self-driving has been promised as being “one year away” for the past eight years and counting.(elon musk twitter tweets)(elon musk twitter deal)(elon musk twitter meme)
Tesla Stock Price Forecast 2022-2023
Tesla price started in 2022 at $352.26. Today, Tesla traded at $214.44, so the price decreased by -39% from the beginning of the year. The forecasted Tesla price at the end of 2022 is $274 – and the year to year change -22%. The rise from today to year-end: +28%. In the first half of 2023, the Tesla price will climb to $334; in the second half, the price would add $72 and close the year at $406, which is +89% to
A closer look shows that the stock struggled slightly to move below the chin recently. But it has managed to cross the level. At the same time, the stock has dropped below the 50-day moving average and is trading at the 200-day MA.
Therefore, there is a likelihood that the shares will make a death cross in the coming months as worries about the Federal Reserve remain. If this happens, the next key support level to watch will be at about $790. A break below this level will open the possibility of it dropping to about $563.(elon musk twitter tweets)
Tesla Stock Forecast 2024-2028
These five years would bring a significant increase: Tesla price would move from $347 to $1,032, which is up 197%. Tesla will start 2024 at $347, then soar to $425 within the first six months of the year and finish 2024 at $495. That means +117% from today.(elon musk twitter tweets)
Elon Musk net worth?
As the founder of Tesla, Elon Musk is the company’s biggest shareholder. According to Bloomberg, while Musk has been selling his stake in Tesla, he owns about 175 million shares. That means that his stake is worth about 17.6%, bringing his total ownership to more than $95 billion. (elon musk twitter tweets)
He also has billions of dollars in cash, which he made by selling his stock last year. Notably, he has an interest in SpaceX. Elon Musk’s net worth is estimated to be over $208 billion, making him the wealthiest person globally. However, he has lost about $62 billion of his wealth this year alone, according to data compiled by Bloomberg. He has also taken loans against his shares to acquire Twitter.(elon musk twitter tweets)
FAQ – elon musk twitter tweets
Who is the owner of Twitter now?
Twitter co-founder and former CEO Jack Dorsey stepped down from the company’s board earlier this year, but he’s staying involved with the social platform following its takeover by Elon Musk.(elon musk twitter tweets)
How did Elon Musk get so rich?
Elon Musk rocketed to billionaire status, after entering the elite club in 2012 just nine years later he tops the list. His wealth is based mainly on his shareholdings in the electric car firm Tesla, of which he is the CEO.(elon musk twitter tweets)
Why is Elon Musk selling Tesla?
To finance his comparatively low-key lifestyle in the past, the CEO has resorted to borrowing against the value of his stock to avoid paying capital gains tax. To finance the Twitter purchase, Musk already chose to sell twice into periods of relative strength for the Tesla stock.(elon musk twitter tweets)
Why do so many people buy Tesla?
Tesla’s brand recognition and perceived elite status increase demand for these vehicles. The key factors that drive demand for all EVs involve the cost of gasoline, the available features (all-wheel drive, sedan versus larger vehicles), availability of battery charging stations, and the appeal of the “green” movement.(elon musk twitter tweets)
Is Tesla a buy hold or sell?
The company’s average rating score is 2.33, and is based on 19 buy ratings, 10 hold ratings, and 7 sell ratings. (elon musk twitter tweets)