Posted on 01/29/2020 3:17:30 PM PST by Moonman62
The stock is now up to $651.
I ran out of Maalox, so I sold it in the past 15 minutes or so, at $928, which is $12 off the interday high. Minutes earlier it was around $921 I think, maybe $920. Holding it since sometime in January has yielded a 50% gain in my portfolio, and I didn't even have the whole thing in that one stock (that would be a bad practice).
BTW, based on probable earnings miss, I suspect GM is going to crater. A bunch of that expectation is already apparent in the P/E ratio (compare with Ford's).
Congratulations. I hope it’s in a tax free account.
Oh, okay, sure, now up to $945.
Bulls make money.
Bears make money.
Hogs get slaughtered. :^)
That’s the only way to do it! :^)
I got back on the horse about mid- last week, called the bounce point pretty well. The rumor during premarket today was, China's told some of the manufacturers, like Tesla, that it is going to help them get back to work. By the time I woke up today, it was up, and at 9:30 it opened higher and dragged my little portfolio kicking and screaming upward. There's been some backsliding, but I believe we're familiar with that. :^)
Lithium mining getting a boost (lost the URL on that one) thanks to Tesla.
Tesla battery line at Fremont:
https://twitter.com/ElectrekCo/status/1227289523622752258
Giga Texas?
https://www.google.com/search?q=tesla+giga+texas+site%3Ayoutube.com
https://www.swtimes.com/entertainmentlife/20200209/tesla-ceo-elon-musk-hinted-that-his-electric-vehicle-company-may-build-factory-in-texas
Giga Mexico?
https://cleantechnica.com/2020/02/09/why-giga-mexico-offers-tesla-advantages-that-giga-texas-cant-match/
China production resumes
https://www.investors.com/news/technology/tesla-stock-climbs-china-production-resumes-coronavirus-delay/
Are Teslas Any Good In The Snow?
Hint: It’s Really All About the Tires and Not the Car!
https://www.youtube.com/watch?v=2KmxHfYHXsA
Bernstein analyst Toni Sacconaghi raised his price target from $325 to $730, a 120% jump. Still, his rating remains the equivalent of Hold. His price target is about 13% below where shares are trading Monday morning.
Morgan Stanley analyst Adam Jonas is more bearish than Sacconaghi. He rates Tesla shares the equivalent of Sell. In his research reports, Jonas outlines bull, bear and base case price scenarios to help his clients understand what could happen. His prior best-case scenario valued Tesla at about $650 a share. He upped it to $1,200 on Monday, an increase of about 80% and above recent trading levels. His official price target for Tesla shares, however, went from $360 to $500.
Cowen's Jeffrey Osborne, another bearish analyst, also increased his price target. He isn't buying the Tesla rally though. Osborn's target went from $280 to $290 a share, up only $10 or 3.6%. That leaves Osborne with one of the lowest target prices on Wall Street.
All analysts have been chasing the Tesla stock rally. Shares are up about 128% over the past three months. Analysts' price targets have only increased about 60% over the same span, from about $330 to $530 a share.Barrons: Tesla Stock Is Still Skyrocketing. Critics Are Starting to Give Up
tesla lithium iron phosphate battery deal:
851.21, +51.18 (6.40%)
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