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TSLA Share $24.33 by End Of 2023 says CEO, GLS Research.
@JC888:There is a saying "Misfortunes Never Comes Singly". In simple English, it means that "bad things or situations always come in groups, they never come in a single way". It couldn't be more true than the present moment for mr musk no. Original doc - https://finance.yahoo.com/news/tesla-biggest-bear-says-company-204719335.html Precursor - please read above linked-article and form your own opinion first ok. Thanks. Gordon Johnson - CEO of GLJ Research, felt vindicated; after years of abuse from bullish $Tesla Motors(TSLA)$ analysts & investors, for his view that Elon Musk’s EV giant has always been overvalued. The cumulative fall in stock price last year to a whooping tune of -70% has begun to gain believers ? The once invincible almighty has become just a car company that can't sell its capacity Latest Q4 2022 deliveries miss is a preview of what’s to come in 2023 Actual Q4 2022 new orders of approx. 250,000 EVs is actually down QoQ & YoY, comparatively speaking. Disparity between demand and Tesla's "as if" its still a hyper-growth stock is the real reason why price is imploding. All these & more will lead Tesla stock price to further consolidate to $24.33 at the end of 2023; said Gordon Johnson. Most surprising comment was from Dan Ives, MD & Senior Equity Research Analyst at Wedbush Securities - "Tesla stock will rise to $175 per share, on the back of continued sales growth", he said. Is Mr Ives confirming that at best Tesla stock price will peak at $175 max ? That would be an "Ouch" for investors who have bought Tesla stock at whatever price (above its current languishing $110 - 05 Jan 2023 closing price) no ? Perhaps the most "sound" argument put forth by Mr Johnson was the analogy between Toyota and Tesla. Is it logical that Toyota stock price is < Tesla's given that Toyota produces 11 Million cars a year (ICE & Hybrid) vs Tesla's 1.3 Million EVs ? Of course, we have not forgotten about the false apparitions & grossly lapsed timeline - painted by mr musk about (a) autonomous driving (b) cybertruck “Do you see a pattern here?”, Warning investors not to get sucked into stories and instead focus on real developments.... said Gordon Johnson, Based on 05 Jan 2023 Closing Price, Is $24.33 A Possibility ? Will stock price trend lower as US economy slips into recession ? Do you think the argument put forth holds water ? Do you think the stock price prediction is fair giving the challenges facing Tesla and not to mention Twitter ? If you are a shareholder, will you still give mr musk one more chance to prove himself ? Please "Like" this post ok. Thanks. The rating is very important to me !! Matching song ? One More Chance by Michael Jackson. Dunno ? YouTube it . Its the King of Pop yo ! @TigerStars @CaptainTiger @MillionaireTiger @Daily_Discussion @Tiger_SG @TigerPM
TSLA Share $24.33 by End Of 2023 says CEO, GLS Research.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.