To The Moon

🌟🌟🌟$Tesla Motors(TSLA)$ has been hit by a slew of bad news recently and its share price has suffered. On Friday, Tesla's dipped by 3.6% to close at USD 218.89 and in the past 5 trading days, it is now down 7.3%. However Tesla is still up 66% in the past year. Is Tesla a Buy now? Tesla said on Friday that it would stop nearly all production at its factory near Berlin from January 29 to February 11 because of a lack of components. Production is set to resume on February 12. Tesla builds its Model Y at its German Factory. The considerably longer transportation times are creating a gap in the supply chains. This is a clear sign that the attacks on shipping in the Red Sea by the Houthis in Yemen are hitting manufacturers in the region. This is the biggest supply chain upheaval since Covid 19 risks derailed the global economy recovery. On January 11, Hertz Global Holdings announced that it is selling about 20,000 Electric Vehicles which includes Tesla from its US fleet. This is due to higher expenses related to collision and damage for EVs even though Hertz had aimed to convert 25% of its fleet to electric by the end of 2024. Hertz had earlier planned to order 100,000 Tesla vehicles by 2022. Hertz is selling some Tesla Model 3 for as low as USD 20,000, nearly half the cheapest model of the EV. Tesla has announced on January 12 2023 that it has lowered the prices of all two versions of Model 3 by nearly 6% and two of the three versions of Model Y by almost 3% in China. This sets the stage for increased competition that was already red hot. Lower selling prices for Tesla car would imply lower profit margin but possibly increased sales. It is not surprising for Tesla's share price to take a hit in the midst of these negative news. However the good news is that Tesla announced that in the 4th quarter 2023, it has produced 495,000 vehicles and delivered over 484,000 vehicles. In 2023 vehicle deliveries grew 38% year on year to 1.81 million while production grew 35% year on year to 1.85 mill ion. So Tesla met its target of delivering at least 1.8 million vehicles for the full year in 2023. Wall Street are still bullish on Tesla with a Buy rating, Target price of USD 245.27, an upside potential of 12%. Tesla is more than just an EV company. It is into charging business as more automakers such as Ford, General Motors signed up to access Tesla's EV charging infrastructure across the US. Tesla's Supercharger stations grew from 3971 in 2022 to 5265 in 2023 and is still growing. Elon Musk counts on Full Self Driving as the next Tesla profit driver as it could be potentially worth billions of dollars in revenue by 2030. Tesla has launched Cybertruck in November 2023 and it is expected to account for around a fifth of the growth in Tesla 's vehicle deliveries over the next 2 years. The base model of the Cybertruck costs USD 61,000 while the All Wheel Drive Model will cost USD80,000. Tesla' s Top of the Line called "Cyberbeast" will be ready in 2024. Cybertruck can accelerate from 0 to 60 miles per hour in just 2.6 seconds, outperforming many sports cars. The Cyberbeast will cost USD 100,000. Tesla has revealed that it has over 2 million Cybertruck orders which will keep Tesla's Gigafactories busy for the next few years. Tesla is also planning to build a new Electric Car Model that will be priced at USD 25,000 from its German Gigafactory which would allow it to compete against budget EV makers from Europe and China. With so many projects in the pipeline, Tesla is in a good position to grow exponentially in the future. At the last closing price of USD 218.89, it is a great time to bargain hunt this wonderful stock. Tesla is expected to report its earnings on January 24 2024. I am short term Bearish on Tesla but long term Bullish. Tesla is a great stock to buy and hold long term to reap bountiful rewards in the future. @Daily_Discussion @TigerStars @MillionaireTiger @Tiger_comments @TigerEvents @Tiger_Earnings @TigerPicks @TigerClub @CaptainTiger