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2023-06-21

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Tesla's Stock Is on The Way to This Key Milestone

The electric vehicle company's shares could do something rare.

Tesla's Stock Is on The Way to This Key Milestone

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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":189582520340752,"tweetId":"189582520340752","gmtCreate":1687310319721,"gmtModify":1687310323635,"author":{"id":4145144494215162,"authorId":4145144494215162,"authorIdStr":"4145144494215162","name":"RainbowChaser","avatar":"https://community-static.tradeup.com/news/463f7a31750a60817890622699438606","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[],"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>My bet is on Rovina</p></body></html>","htmlText":"<html><head></head><body><p>My bet is on Rovina</p></body></html>","text":"My bet is on Rovina","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/189582520340752","repostId":2345264418,"repostType":2,"repost":{"id":"2345264418","pubTimestamp":1687305000,"share":"https://www.laohu8.com/m/news/2345264418?lang=&edition=full","pubTime":"2023-06-21 07:50","market":"us","language":"en","title":"Tesla's Stock Is on The Way to This Key Milestone","url":"https://stock-news.laohu8.com/highlight/detail?id=2345264418","media":"The Street","summary":"The electric vehicle company's shares could do something rare.","content":"<html><head></head><body><p>The electric vehicle company&#39;s shares could do something rare.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/013a84b0bfa918fb2ac9e438219bfca7\" alt=\"Tesla&#39;s electric vehicle charging stations are quickly becoming the gold standard.\" title=\"Tesla&#39;s electric vehicle charging stations are quickly becoming the gold standard.\" tg-width=\"1200\" tg-height=\"675\"/><span>Tesla&#39;s electric vehicle charging stations are quickly becoming the gold standard.</span></p><p>Tesla&#39;s stock tumbled last year on worry about competition and slowing demand because of recessionary risks. Those challenges remain, but investors aren&#39;t paying much attention this year.</p><p style=\"text-align: start;\">Instead, shareholders are laser-focused on the potential for surging sales of its Model Y, and tailwinds from the widespread adoption of its electric vehicle charging network by rivals, including General Motors (GM), Ford, and Rivian.</p><p>Tesla&#39;s Model Y is cementing it as a market leader by overtaking long-time top sellers, including Toyota&#39;s Corolla. Meanwhile, the opportunity to be the &#34;gas station&#34; of the future could mean billions of dollars in future revenue. As a result, Tesla&#39;s stock is soaring this year, putting a key milestone in play.</p><h2 style=\"text-align: start;\">Tesla&#39;s business gets a jolt</h2><p style=\"text-align: start;\">The Model Y surpassed Toyota&#39;s Corolla in the first quarter to become the world&#39;s top-selling car. The data suggests Model Y could hold the top spot for the year.</p><p>According to JATO Dynamics, Tesla sold 267,000 Model Y&#39;s in the first three months of this year, up 69% from the same period in 2022.  Meanwhile, Toyota sold 256,400 Corollas in the quarter. However, that was less than it sold last year.</p><p style=\"text-align: start;\">Since Model Y demand is on the upswing and Corolla demand is trending lower, Model Y could build a formidable lead throughout the year, especially since a new $7,500 tax incentive makes the Model Y even more attractive this year than in 2022.</p><p>The company&#39;s success has caught the eyes of competitors racing to build their own EV lineups. Ford, GM, and others are furiously chasing Tesla in hopes of establishing themselves in the fast-growing EV segment. However, they remain miles behind Tesla in terms of EV market share.</p><p style=\"text-align: start;\">Tesla&#39;s sold over 1.3 million cars in 2022, all of which are electric. Ford, the second largest EV unit sold, only moved 61,575 vehicles last year. General Motors sold about 39,000 EVs, making it the third-largest EV player. </p><p style=\"text-align: start;\">Tesla&#39;s lead isn&#39;t just in vehicles, though. A savvy decision early on to invest in charging infrastructure to overcome buyers&#39; hesitation has paid off. The company has 17,000 supercharging stations in the United States, and those chargers are essential because a 15-minute charge can add up to 200 miles in driving range.</p><p>Rather than build out their own competing networks, Ford, GM, and Rivian have all announced deals that give buyers of their EVs access to Tesla&#39;s network. According to Piper Sandler, the move, which will eventually eliminate the need to buy a special adapter for Tesla&#39;s chargers, may add up to $3 billion annually in revenue. That total could increase if other significant carmakers like Toyota and Hyundai sign on.</p><h2 style=\"text-align: start;\">Tesla&#39;s stock aims at an important milestone</h2><p style=\"text-align: start;\">So far, Tesla&#39;s shares have responded favorably to sales growth, EV charging pacts, and the fast-approaching launch of its latest vehicle, the Cybertruck.</p><p style=\"text-align: start;\">This year, Tesla&#39;s stock has skyrocketed 123%, putting the company&#39;s market cap back within 20% of $1 trillion. If shares climb another 15%, Tesla will join Amazon, Microsoft, Saudi Aramco, Microsoft, and Alphabet in the trillion-dollar club.</p><p>It&#39;s not crazy to think it will happen. Tesla&#39;s shares are up 80% since late April, and recently, they broke out above technical resistance on a monthly chart. If Tesla can climb to about $316, that will be enough to eclipse the trillion-dollar threshold.</p><p>A quick look at the long-term chart shows that it&#39;s not unfathomable. After all, we traded far higher than that in Spring 2022 when the company sold fewer cars, was less profitable, hadn&#39;t yet signed these charging deals, and didn&#39;t have a new vehicle launch only months away.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/afd530ddd0d419de7edfdd6e22a1976d\" alt=\"Tesla&#39;s rally in 2023 puts a $1 trillion market cap back in play.\" title=\"Tesla&#39;s rally in 2023 puts a $1 trillion market cap back in play.\" tg-width=\"1200\" tg-height=\"418\"/><span>Tesla&#39;s rally in 2023 puts a $1 trillion market cap back in play.</span></p><h2 style=\"text-align: start;\">What could go wrong?</h2><p style=\"text-align: start;\">Tesla&#39;s stock could stumble if its mercurial CEO, Elon Musk, says something that negatively impacts demand or if the Cybertruck launch gets delayed. But those risks aren&#39;t unexpected. Musk&#39;s reputation for off-the-cuff remarks is well-understood by investors, and shares have overcome delays in the past. </p><p style=\"text-align: start;\">Instead, a broad stock market decline is likely why Tesla would fail to become a $1 trillion market cap company. So far, investors have looked beyond economic risks, but stocks with high valuations, like Tesla, could retreat if a recession becomes increasingly evident. After all, stocks don&#39;t go up or down in a straight line forever. At some point, Tesla&#39;s shares will digest their recent advance by trading sideways or backfilling a little. </p><p>Overall, the opportunity for sales and profit growth remains massive. Electric vehicles only accounted for about 14% of the 67.2 million automobiles sold worldwide last year, according to the International Energy Agency. Worldwide EV sales are expected to grow 35% to 14 million this year alone, and by 2030, EVs could represent 40% of all vehicles sold in the US, according to S&amp;P Global Mobility. That&#39;s a major tailwind for Tesla&#39;s business that investors shouldn&#39;t ignore.</p></body></html>","source":"lsy1610613172068","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>Tesla's Stock Is on The Way to This Key Milestone</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla's Stock Is on The Way to This Key Milestone\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-21 07:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/electric-vehicles/teslas-stock-is-on-the-way-to-this-key-milestone><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The electric vehicle company's shares could do something rare.Tesla's electric vehicle charging stations are quickly becoming the gold standard.Tesla's stock tumbled last year on worry about ...</p>\n\n<a href=\"https://www.thestreet.com/electric-vehicles/teslas-stock-is-on-the-way-to-this-key-milestone\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","BK4555":"新能源车","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2063271972.USD":"富兰克林创新领域基金","LU0823414478.USD":"法巴经典能源转换基金","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","TSLA":"特斯拉","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","BK4527":"明星科技股","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4588":"碎股","LU1861215975.USD":"贝莱德新一代科技基金 A2","BK4550":"红杉资本持仓","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4574":"无人驾驶","BK4551":"寇图资本持仓","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4581":"高盛持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4548":"巴美列捷福持仓","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC"},"source_url":"https://www.thestreet.com/electric-vehicles/teslas-stock-is-on-the-way-to-this-key-milestone","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2345264418","content_text":"The electric vehicle company's shares could do something rare.Tesla's electric vehicle charging stations are quickly becoming the gold standard.Tesla's stock tumbled last year on worry about competition and slowing demand because of recessionary risks. Those challenges remain, but investors aren't paying much attention this year.Instead, shareholders are laser-focused on the potential for surging sales of its Model Y, and tailwinds from the widespread adoption of its electric vehicle charging network by rivals, including General Motors (GM), Ford, and Rivian.Tesla's Model Y is cementing it as a market leader by overtaking long-time top sellers, including Toyota's Corolla. Meanwhile, the opportunity to be the \"gas station\" of the future could mean billions of dollars in future revenue. As a result, Tesla's stock is soaring this year, putting a key milestone in play.Tesla's business gets a joltThe Model Y surpassed Toyota's Corolla in the first quarter to become the world's top-selling car. The data suggests Model Y could hold the top spot for the year.According to JATO Dynamics, Tesla sold 267,000 Model Y's in the first three months of this year, up 69% from the same period in 2022.  Meanwhile, Toyota sold 256,400 Corollas in the quarter. However, that was less than it sold last year.Since Model Y demand is on the upswing and Corolla demand is trending lower, Model Y could build a formidable lead throughout the year, especially since a new $7,500 tax incentive makes the Model Y even more attractive this year than in 2022.The company's success has caught the eyes of competitors racing to build their own EV lineups. Ford, GM, and others are furiously chasing Tesla in hopes of establishing themselves in the fast-growing EV segment. However, they remain miles behind Tesla in terms of EV market share.Tesla's sold over 1.3 million cars in 2022, all of which are electric. Ford, the second largest EV unit sold, only moved 61,575 vehicles last year. General Motors sold about 39,000 EVs, making it the third-largest EV player. Tesla's lead isn't just in vehicles, though. A savvy decision early on to invest in charging infrastructure to overcome buyers' hesitation has paid off. The company has 17,000 supercharging stations in the United States, and those chargers are essential because a 15-minute charge can add up to 200 miles in driving range.Rather than build out their own competing networks, Ford, GM, and Rivian have all announced deals that give buyers of their EVs access to Tesla's network. According to Piper Sandler, the move, which will eventually eliminate the need to buy a special adapter for Tesla's chargers, may add up to $3 billion annually in revenue. That total could increase if other significant carmakers like Toyota and Hyundai sign on.Tesla's stock aims at an important milestoneSo far, Tesla's shares have responded favorably to sales growth, EV charging pacts, and the fast-approaching launch of its latest vehicle, the Cybertruck.This year, Tesla's stock has skyrocketed 123%, putting the company's market cap back within 20% of $1 trillion. If shares climb another 15%, Tesla will join Amazon, Microsoft, Saudi Aramco, Microsoft, and Alphabet in the trillion-dollar club.It's not crazy to think it will happen. Tesla's shares are up 80% since late April, and recently, they broke out above technical resistance on a monthly chart. If Tesla can climb to about $316, that will be enough to eclipse the trillion-dollar threshold.A quick look at the long-term chart shows that it's not unfathomable. After all, we traded far higher than that in Spring 2022 when the company sold fewer cars, was less profitable, hadn't yet signed these charging deals, and didn't have a new vehicle launch only months away.Tesla's rally in 2023 puts a $1 trillion market cap back in play.What could go wrong?Tesla's stock could stumble if its mercurial CEO, Elon Musk, says something that negatively impacts demand or if the Cybertruck launch gets delayed. But those risks aren't unexpected. Musk's reputation for off-the-cuff remarks is well-understood by investors, and shares have overcome delays in the past. Instead, a broad stock market decline is likely why Tesla would fail to become a $1 trillion market cap company. So far, investors have looked beyond economic risks, but stocks with high valuations, like Tesla, could retreat if a recession becomes increasingly evident. After all, stocks don't go up or down in a straight line forever. At some point, Tesla's shares will digest their recent advance by trading sideways or backfilling a little. Overall, the opportunity for sales and profit growth remains massive. Electric vehicles only accounted for about 14% of the 67.2 million automobiles sold worldwide last year, according to the International Energy Agency. Worldwide EV sales are expected to grow 35% to 14 million this year alone, and by 2030, EVs could represent 40% of all vehicles sold in the US, according to S&P Global Mobility. That's a major tailwind for Tesla's business that investors shouldn't ignore.","news_type":1},"isVote":1,"tweetType":1,"viewCount":164,"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":15,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}