No stock can go up forever. I

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Maky
2023-06-15

No stock can go up forever. I would take the price drop as healthy correction

The Tesla Share Price Just Ended Its Longest-Ever Winning Streak. What Now?

Key pointsAfter 13 consecutive sessions, the Tesla share price has finally broken its record streakS

The Tesla Share Price Just Ended Its Longest-Ever Winning Streak. What Now?

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I would take the price drop as healthy correction","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/187596248678640","repostId":2343914549,"repostType":4,"repost":{"id":"2343914549","pubTimestamp":1686818400,"share":"https://www.laohu8.com/m/news/2343914549?lang=&edition=full","pubTime":"2023-06-15 16:40","market":"us","language":"en","title":"The Tesla Share Price Just Ended Its Longest-Ever Winning Streak. What Now?","url":"https://stock-news.laohu8.com/highlight/detail?id=2343914549","media":"MotleyFool","summary":"Key pointsAfter 13 consecutive sessions, the Tesla share price has finally broken its record streakS","content":"<html><head></head><body><h4 style=\"text-align: start;\">Key points</h4><ul><li><p>After 13 consecutive sessions, the Tesla share price has finally broken its record streak</p></li><li><p>Shares in the EV company ended last night a touch lower at US$256.79 apiece</p></li><li><p>As always, analysts are still split over where the share price might go next</p></li></ul><p>We all dream of the stock chart that swiftly travels up and to the right after our investment in a company. Prior to last night, that is exactly what the <strong>Tesla Inc</strong> (NASDAQ: TSLA) share price delivered for 13 consecutive days of trade.</p><p>The sensational rally resulted in shareholders of the electric vehicle company enjoying a 40% gain in the space of a fortnight, as shown below. However, the green streak came to an end overnight, with enthusiasm momentarily depleted, allowing shares to settle 0.7% lower at US$256.79 apiece.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a52a0de4c98a5c6c6cc696c11586b01a\" tg-width=\"1206\" tg-height=\"618\"/></p><p>The rapid ascension has no doubt left some onlookers wondering what could be behind such an energised reception. So, let’s pause for thought and reflect on the recent driving force behind the Tesla share price and where to next.</p><h2>Why has this EV maker been charging upwards?</h2><p>Firstly, there could be a whole host of reasons — both at a macro and company level — that have propelled Tesla shares higher. However, the most pertinent developments of late likely relate to its EV charging network.</p><p>In the past two weeks, both <strong>Ford Motor Co</strong> (NYSE: F) and <strong>General Motors Co</strong> (NYSE: GM) have announced that they will adopt Tesla’s North American Charging Standard (NACS) across Canada and the United States moving forward.</p><p>Essentially, the hope is it will remove a barrier for would-be Ford and GM buyers that might have been concerned over a limited number of charging stations. As part of the agreement, a network of more than 12,000 Tesla Superchargers will become available to GM and Ford EV owners.</p><p>At the time of writing, Stelanntis — another automotive company — is rumoured to be ‘evaluating’ the adoption of NACS as well.</p><h2>What could be next for the Tesla share price?</h2><p>Looking ahead, the question on everyone’s mind is where to next for the Tesla share price. In the view of KGI Securities analyst Jennifer Liang, the next 12 months could see the EV company reach US$335 per share.</p><p>Updating her target price last week, Liang cited Tesla’s investments in manufacturing and battery technology as positive forward drivers. Additionally, the analyst believes the Inflation Reduction Act will provide a boost to sales while also collecting billions in credits for battery production.</p><p>In contrast, recent research published by Morgan Stanley’s Adam Jonas reads less bullish. Jonas wrote:</p><blockquote>Tesla is in the midst of an industry-wide EV price competition with potentially falling margins and EV market deceleration (still growth — but at a slower rate). If the company wasn’t benefitting from significant government incentives (IRA) and price cuts (30% on Model Y YTD), we question how much cash flow Tesla’s would be generating.</blockquote><p>Following on, Jonas still thinks Tesla is underappreciated by the market in some regards. As such, Mogan Stanley holds a $200 price target on the company but with an overweight rating.</p><p>The Tesla share price is up 137.5% so far this year — exceeding the 31.2% YTD return notched up by the <strong>Nasdaq Composite</strong> <strong>Index </strong>(NASDAQ: .IXIC).</p></body></html>","source":"motleyfoolau_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Tesla Share Price Just Ended Its Longest-Ever Winning Streak. 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What Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-15 16:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2023/06/15/the-tesla-share-price-just-ended-its-longest-ever-winning-streak-what-now/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key pointsAfter 13 consecutive sessions, the Tesla share price has finally broken its record streakShares in the EV company ended last night a touch lower at US$256.79 apieceAs always, analysts are ...</p>\n\n<a href=\"https://www.fool.com.au/2023/06/15/the-tesla-share-price-just-ended-its-longest-ever-winning-streak-what-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK4511":"特斯拉概念","BK4099":"汽车制造商","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","BK4548":"巴美列捷福持仓","BK4127":"投资银行业与经纪业","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU2063271972.USD":"富兰克林创新领域基金","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","TSLA":"特斯拉","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4585":"ETF&股票定投概念","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0971096721.USD":"富达环球金融服务 A","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","BK4527":"明星科技股","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4550":"红杉资本持仓","BK4588":"碎股","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4574":"无人驾驶","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4551":"寇图资本持仓","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4561":"索罗斯持仓","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4581":"高盛持仓","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU0082616367.USD":"摩根大通美国科技A（dist）"},"source_url":"https://www.fool.com.au/2023/06/15/the-tesla-share-price-just-ended-its-longest-ever-winning-streak-what-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2343914549","content_text":"Key pointsAfter 13 consecutive sessions, the Tesla share price has finally broken its record streakShares in the EV company ended last night a touch lower at US$256.79 apieceAs always, analysts are still split over where the share price might go nextWe all dream of the stock chart that swiftly travels up and to the right after our investment in a company. Prior to last night, that is exactly what the Tesla Inc (NASDAQ: TSLA) share price delivered for 13 consecutive days of trade.The sensational rally resulted in shareholders of the electric vehicle company enjoying a 40% gain in the space of a fortnight, as shown below. However, the green streak came to an end overnight, with enthusiasm momentarily depleted, allowing shares to settle 0.7% lower at US$256.79 apiece.The rapid ascension has no doubt left some onlookers wondering what could be behind such an energised reception. So, let’s pause for thought and reflect on the recent driving force behind the Tesla share price and where to next.Why has this EV maker been charging upwards?Firstly, there could be a whole host of reasons — both at a macro and company level — that have propelled Tesla shares higher. However, the most pertinent developments of late likely relate to its EV charging network.In the past two weeks, both Ford Motor Co (NYSE: F) and General Motors Co (NYSE: GM) have announced that they will adopt Tesla’s North American Charging Standard (NACS) across Canada and the United States moving forward.Essentially, the hope is it will remove a barrier for would-be Ford and GM buyers that might have been concerned over a limited number of charging stations. As part of the agreement, a network of more than 12,000 Tesla Superchargers will become available to GM and Ford EV owners.At the time of writing, Stelanntis — another automotive company — is rumoured to be ‘evaluating’ the adoption of NACS as well.What could be next for the Tesla share price?Looking ahead, the question on everyone’s mind is where to next for the Tesla share price. In the view of KGI Securities analyst Jennifer Liang, the next 12 months could see the EV company reach US$335 per share.Updating her target price last week, Liang cited Tesla’s investments in manufacturing and battery technology as positive forward drivers. Additionally, the analyst believes the Inflation Reduction Act will provide a boost to sales while also collecting billions in credits for battery production.In contrast, recent research published by Morgan Stanley’s Adam Jonas reads less bullish. Jonas wrote:Tesla is in the midst of an industry-wide EV price competition with potentially falling margins and EV market deceleration (still growth — but at a slower rate). If the company wasn’t benefitting from significant government incentives (IRA) and price cuts (30% on Model Y YTD), we question how much cash flow Tesla’s would be generating.Following on, Jonas still thinks Tesla is underappreciated by the market in some regards. As such, Mogan Stanley holds a $200 price target on the company but with an overweight rating.The Tesla share price is up 137.5% so far this year — exceeding the 31.2% YTD return notched up by the Nasdaq Composite Index (NASDAQ: .IXIC).","news_type":1},"isVote":1,"tweetType":1,"viewCount":269,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":63,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}