To The Moon

In the second quarter, Tesla produced approximately 411,000 vehicles and delivered around 444,000 vehicles, exceeding analysts' expectations of 436,000 vehicles. The stock rose 10% on Tuesday, reaching $231.

Morgan Stanley maintains an "Overweight" rating for Tesla with a target price of $310.

What is your target price for Tesla?

With 20 days to go until Tesla’s earnings report, what is your strategy?

Below are some insights from Tigers @nerdbull1669, @Barcode, @lesandyc, @Dr Rck and @ygtro. Which opinions do you agree with？

🎁Special Notes: Whoever showed up on the” What the Tigers Say” column will receive 100 Tiger Coins and an exclusive interview invitation to honor your contribution.

Click titles to read the full analysis:

1. @nerdbull1669: Stocks To Watch - TSLA

Key Points:

• Tesla saw a significant 10% surge, adding over $68 billion in market value, following the release of its quarterly deliveries that beat consensus estimates. This strong performance helped buoy investor sentiment and contributed to the overall positive movement in the tech-heavy Nasdaq Composite.

• Following my article on the price target, Tesla Stock Price Target Might Clear $220 If Deliveries Number Surprise, Tesla might make another move towards the next price target level of $251.08, after clearing $223.18.

  

2. @Barcode: 🚀 Tesla: Bullish No More? Analyzing the Chart for Key Signals 📉

Key Points:

Key Observations:

• 1. Resistance Challenge: Tesla touched a high of $231.26 today. This is a critical resistance level. If Tesla can’t break and maintain above this level, we could be looking at a failed bullish wedge. 🚧

• 2. Support Levels: Watch out for the $205.76 mark. This support level is crucial. A drop below could spell trouble and confirm our bearish outlook. 📉

• 3. Volume Spike: The significant volume increase during today’s price surge is notable. But remember, high volume on a downward move will confirm bearish momentum. 🔍

• 4. Earnings Countdown: With only 14 days to go until Tesla’s earnings report, expect heightened volatility. This could either break the current trend or reinforce it. 📆

🔍 What to Watch For:

• • Volume Analysis: Sustained high volume during any downward movement.

• • Resistance and Support: Critical levels at $231.26 and $205.76 respectively.

• Final Take: While today’s rally is impressive, the chart suggests a potential bearish wedge. Stay cautious and keep an eye on those key levels. 📉

Fun Fact:

Did you know that Tesla was founded in 2003 by engineers Martin Eberhard and Marc Tarpenning in Palo Alto, California? The company's name is a tribute to inventor and electrical engineer Nikola Tesla. Elon Musk joined the company in 2004 and led Tesla to become a leader in electric vehicles and renewable energy solutions. 🌍🔋

3. @lesandyc: Tesla Beats! What Is Your Target Price?

Key Points:

• I believed this is a good indicator that Tesla growth is better as shown in their favourable delivery. Looking at higher capability in fulfilling their growth and possibly a higher turnover!

• Bullish at least for 2 weeks, IMHO, and if breakout $250 Is achieved by then, am expecting the share price to reach close to $260 before pullback in August If their earnings is not per expected by market.

4. @Dr Rck: Tesla Beats! What Is Your Target Price?

Key Points:

• Although bullish over TSLA, it remains to be seen whether his robotaxi and Optimus will take a longer time than usual to deliver on the no that will positively impact its top line and bottom line. Already so overvalued, it would be a surprise if it continued to rise in a short span of time. What goes up must come down eventually!

• As said before, TSLA share is seriously overvalued. Even when Optimus is well ahead, it will take a longer time to see they are demanded in homes and elsewhere. Usually it needs to be corrected and re versioned, which will contribute to additional cost and lower dividends.

• When did you recall when TSLA started before it is now trading at 229 after the stock split? Yes, Cathie Woods may be right but will take a longer time to reach $2000 per share.

5. @ygtro: Tesla Beats! What Is Your Target Price?

Key Points:

• In the short term, it could reach $260 or so very quickly, and there may be some profit taking. There may also be a sell-the-news events in July and August, but if this happens, I am sure long-term players will step up and treat it as a buying opportunity.

• Looking towards the year end, 2024 may well be the year when the downtrend from 2021 will finally break to the upside.

Questions for you:

What is your target price for Tesla?

With 20 days to go until Tesla’s earnings report, what is your strategy?

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⏰Duration

• 10 July (24pm EDT)