The world of investing is buzzing as Tesla just outdid itself once again. Not only did they surpass their delivery targets for Q2 2023, but the potential of their Full Self-Driving technology and the demand for their upcoming Cybertruck could mean more good news for Tesla stock (TSLA).
First off, beating delivery targets is always a win in the auto industry. It's like a restaurant selling out of its signature dish - it shows that what they're making is in high demand. For Tesla, beating these targets means they're selling their electric vehicles faster than even they expected. This is great for their bottom line and could lead to higher earnings when they report their financials. As we know, higher earnings often result in a bump in the stock price.
Now, let's talk about Tesla's Full Self-Driving (FSD) technology. Picture this - you hop into your car, tell it where you want to go, and then sit back and relax as it takes you there. That's the future that Tesla's FSD technology is aiming for. While it's not quite there yet, every step closer they get could potentially boost Tesla's stock. Why? Because FSD isn't just a cool feature. It's a game-changer that could open up new revenue streams for Tesla, from selling the technology to other manufacturers to launching their own self-driving taxi service.
And then there's the Cybertruck, Tesla's futuristic take on the classic pickup truck. The buzz around this vehicle has been building, and if the demand matches the hype, it could be a big win for Tesla. Pickup trucks are incredibly popular, particularly in the U.S., and a successful launch of the Cybertruck could help Tesla break into this lucrative market. This would mean more sales, more revenue, and potentially, a higher stock price.
So, what does this all mean for TSLA stock? In short, things look promising. Beating delivery targets shows strong demand for Tesla's current vehicles. The potential of their FSD technology and the launch of the Cybertruck could open up new opportunities for the company.
However, it's always important to remember that investing isn't a sure thing. While these are all positive signs, Tesla's stock price will also be influenced by many other factors, including the overall state of the economy, competition, and regulatory changes. As always, do your homework before making any investment decisions.
Disclaimer: This article is just for informational purposes. It's not professional investment advice. Always do your own research or consult with a financial advisor before making any investment decisions.
Comments
Is going to take a miracle for Tesla to stay above $260 heading into house of pain earnings next week.
nasdaq is doing a special rebalancing that has institutional holders having to do the same. sell some big tech and buy others. it's a technical sell not a fundamental sell. stay long and strong.
TSLA with a lot of eyes focus on rapid expansion will stir the stock to move even higher because the Ice legacy automakers don't have the number to match TSLA. Don't forget IRA credit, it is the huge free cash flow.
Tesla is WAY more than 'just a car manufacturer'....and, many believe it, thus the premium valuation, which falls well short of the true state of affairs.
Slowly turning green. Getting ready for the pre-earning call run up. Will get out just before that and buy some sep/oct calls
Buy a Tesla Model 3 and get another Tesla Model 3 absolutely free .. why not .. just to beat deliveries by 10%