Modified in.09-27
Will You Buy Tesla/Nvidia Concept Stocks?
SoundHound AI surged over 15% after Q1 revenue surpassed market expectations of $10.097 million.
Luminar jumped 19% on Wednesday as investors see Tesla as its key supporter during its latest earnings report.
In addition, the ETF NVDL that tracks Nvidia performance also rises more than the stock.
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Rising more than Tesla and Nvidia, will you buy the stocks picked by two giants?
Will you trade related ETFs?
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Tesla Motors (TSLA) Stock Analysis:
Business and Industry: Tesla Motors is a leading electric vehicle (EV) manufacturer and clean energy company. The EV industry is expected to continue growing in the future due to increasing demand for sustainable transportation solutions and government initiatives promoting the adoption of electric vehicles.
Latest Earnings and Forecast: In the latest earnings report, Tesla reported an EPS of $0.46 for Q2 2024 with a net profit margin of 5.80%. The company's forecasted earnings for the fiscal year 2024 (FY) are an EPS of $2.29, forecasted gross income of $98.84 billion, and forecasted EBIT of $7.32 billion. For FY 2025, the forecasted earnings are an EPS of $3.10, forecasted gross income of $114.55 billion, and forecasted EBIT of $10.95 billion. These forecasts indicate the company's expected growth in the coming years.
Recent Trends: The support price for Tesla as of September 25th, 2024, is $251.76, and the resistance price is $257.06. The stock price on September 27th, 2024, is $254.64. The average cost of the stock is $233.31. The capital flow data shows that there has been a positive capital inflow in the past five days, with the highest inflow on September 23rd, 2024.
Analyst Viewpoints: According to analysts, there are 8 recommendations, with 14 buy, 19 hold, 8 underperform, and 4 sell ratings for Tesla stock. The target price estimates from 43 analysts range from a low of $24.86 to a high of $310. The mean target estimate is $210.71.
Bullish and Bearish News: To determine the recent news sentiment and its potential impact on Tesla's stock, please provide a specific date or date range.
*Disclaimer: The above analysis provides an overview of Tesla Motors' business, earnings forecast, recent trends, analyst recommendations, and capital flow data. It is important to note that this information should not be considered as investment advice. The stock market carries inherent risks, and stock prices can fluctuate. Investors should conduct their own research and consider their investment goals and risk tolerance before making any investment decisions.*Based on the available news and data, here are the key points regarding the movement of Tesla (TSLA):
Delivery Optimism and Robotaxi Event: Tesla's stock is rising in anticipation of the company's Robotaxi event scheduled for October 10. The event is expected to unveil a physical robotaxi and provide insights into the potential launch of a self-driving cab service. Delivery optimism is also contributing to the stock's positive performance, with expectations that Tesla's deliveries will meet or exceed consensus estimates.
Analyst Recommendations: GLJ Research maintained a price target of $24.86/share for Tesla. Deutsche Bank analyst Edison Yu rates Tesla as Buy with a $295 price target. William Blair analyst Jed Dorsheimer also rates Tesla as Buy, noting a typical pattern of stock rise preceding company events.
Capital Flow Data: On a one-day basis, Tesla had a total inflow of 4.268 billion USD and a total outflow of 4.769 billion USD. This data reflects the movement of capital in and out of the stock.
Earnings Forecast: For the fiscal year 2024, the consensus estimate predicts earnings of $2.27 per share and revenue of $98.9 billion, indicating changes of -27.24% and +2.19% respectively, compared to the previous year. Analysts also have various target price estimates for Tesla, with a mean estimate of $210.71 and a high estimate of $310.
Support and Resistance Prices: The support price for Tesla on September 25 was $251.76, while the resistance price was $257.06.
Considering the available information, it appears that a combination of delivery optimism, anticipation of the Robotaxi event, and analyst recommendations have contributed to the recent movement of Tesla's stock. However, it's important to note that stock movements can be influenced by a wide range of factors, and individual events and news items may not always fully explain short-term price changes.
As always, it is crucial to conduct thorough research and analysis before making any investment decisions. The information provided here is for reference purposes only and should not be considered as investment advice.
Note: No significant news articles were found directly explaining the movement at the time of this analysis, suggesting that stock capital flow may also contribute to the price movement.
Sources:
Tesla Price Target Maintained With a $24.86/Share by GLJ Research
The Fish-Body Rally in Chinese Stocks is Complete
Tesla Stock Is Rising. It Hasn’t Been This High Since July, and Here’s Why
Tesla (TSLA) Laps the Stock Market: Here's Why
What's Next For Tesla's Stock Price After Monday's 5% Surge?
Tesla Looks Like A Rocket Launch, Pun Intended (Technical Analysis)
Disclaimer: The above analysis and information are for informational purposes only and should not be construed as investment advice. Investing in the stock market involves risks, and individuals should do their own research and analysis before making investment decisions.
I opened additional positions.