June 11, 2021 TESLA Inc. (NASDAQ: TSLA) closed 0.04% lower at $ 609.89
Tesla stock price prediction: will Tesla’s stock price rise in the next few days?
Analysts’ technical analysis for the coming days is neutral.
Tesla Inc. performance graph
|(June 11 ’21)||against June 10’21)||Last week||Last month||Last year|
|Tesla Inc.||US $ 609.89||(-0.04%)||(+ 1.81%)||(+ 3.39%)||(+ 226.04%)|
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Tesla stock price prediction: latest News updates
Itp.net: Tesla Launches Its High-Performance Model S Plaid
Jim Kramer: Ford will crush Tesla with electric F-150
Reuters: German Environmental Groups Oppose Tesla Gigafactory Permit
CNBC: Tesla’s European rival Northvolt Raises $ 2.75 Billion From Goldman, VW And More
Electrek: Tesla is now looking for self-driving test drivers around the world
DutchNews: Tesla is no longer the most popular EV brand in the Netherlands
TechCrunch: Tesla Head of Heavy Trucking Leaves Company
Business Insider: Tesla could grow 67% as it takes advantage of China’s “transformational consumer demand” for electric vehicles, Wedbush says
Tesla stock price prediction: Quarterly VEHICLE REGISTRATION DATA
There were 185,000 Tesla vehicles registered in the first quarter of 2021, up from 88,400 in the first quarter of 2020 (impact of COVID blocking). In the first quarter of 2019, there were 63 thousand of them.
|Registration of new cars (global)||Growth% (YoY)|
Tesla registrations drop in California
Tesla Inc. maintains a strong position in the electric vehicle market in China, and new vehicle registrations are recovering from a fall in April 2021.
|Monthly registration (China)||Growth% (MoM)|
|May 2021||33 463||+ 29%|
|March 2021||34635||+ 89%|
|February 2021||18 318||+ 9%|
Tesla stock price prediction: FINANCIAL INDICATORS
Free cash flow
Tesla’s free cash flow, an important driver of financial stability for the company, jumped to $ 493 million in the first quarter of 2021, up from $ 283 million in the first quarter of 2020.
Tesla’s revenue for the first quarter was $ 10.39 billion, up from $ 5.99 billion in the first quarter of 2020. This resulted in a significant increase in net income of 2,638%.
|Net income||Growth% (YoY)|
|I quarter (2021)||$ 438 million||2638%|
|1st quarter (2020)||$ 16 million||NA|
Tesla helps its customers by offering financing from 2.49% per annum for a period of 36 to 72 months. The company also offers rental conditions for 24 or 36 months, depending on the model.
Tesla stock price prediction: Government incentives
While the electric vehicle market is filled with incentives from the executive branch, each new administration brings new incentives for hybrid and plug-in electric vehicles. The Biden administration has proposed $ 174 billion to develop the country’s electric vehicle ecosystem. This, combined with federal tax breaks provided under the Energy Improvement and Expansion Act, assures the market for brighter, more profitable days ahead.
Tesla stock price prediction : Competitive performance
Unsurprisingly, the electric vehicle market isn’t working for a monopoly. Tesla faces strong competition from companies such as Ford, Volkswagen, BMW, Kia and Hyundai, all of which are looking to enter the EV arena.
Volvo confirmed last month that electric vehicles will account for 100% of car sales by 2030. Auto giant General Motors estimates that the fleet of electric vehicles will increase to 30 by the end of 2023. By 2035, it plans to offer only electric vehicles for light vehicles, while Ford now expects to sell only electric vehicles in Europe by the end of this decade. In addition, Volswagen has announced plans to develop six battery factories in Europe.
Electric vehicles such as the 2021 Mustang Mach-E, GMC Hummer EV SUT, Volkswagen ID.4 and Volvo XC40 Recharge should provide much-needed competition to Tesla in the green transportation sector.
Tesla stock price prediction : Diversification policy
Tesla has announced plans to diversify into countries like India, which could prove to be a huge market for the automaker. The company has been in talks with the Indian administration and is expected to begin operations in the country in the second half of 2021.
The company also plans to expand the scope of its famous battery and car factory Gigafactory. Thanks to well-established gigafactories in Nevada, New York and Shanghai, the expansion will lead to similar factories in Berlin and Austin.
Tesla stock price prediction : Battery production
Tesla is currently partnering with Panasonic to manufacture car batteries. Gigafactory in Nevada produces lithium-ion batteries with a 2020 target of 35 gigawatt hours per year of cells, as well as 50 gigawatt hours per year (5.7 MW) of batteries. This production could be equivalent to the delivery of 500,000 Tesla vehicles a year.
Tesla competes with LG, Orison, Sonnen, SimpliPhi Power, and Sunverge on home solar panels. In the power industry, the contenders are Strata Solar, AES and NextEra.
Author: Tripty Sky
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