Tesla Stock Price Prediction for the next few days
On 11th of June 2021, TESLA Inc. (NASDAQ: TSLA) closed 0.04% lower at $ 609.89
- Tesla Stock Price Prediction: Will Tesla go up in the next few days?
- Tesla Inc. Performance Chart
- Tesla Share Price Prediction: Support and Resistance
- Tesla Stock Price Prediction: Latest News Updates
- Tesla Stock Price Prediction: Quarterly VEHICLE REGISTRATION DATA
- Tesla Stock Price Prediction: FINANCIAL PERFORMANCE
- Interest rates
- Tesla Stock Price Prediction: Government incentives
- Tesla Stock Price Prediction : Competition performance
- Tesla Stock Price Prediction : Diversification policies
- Tesla Stock Price Prediction : Battery Production
Tesla Stock Price Prediction: Will Tesla go up in the next few days?
The technical analysis by analysts is neutral for the coming days.
Tesla Inc. Performance Chart
|(11th June’21)||vs 10th June’21)||Previous Week||Previous Month||Previous Year|
|Tesla Inc.||$ 609.89||(-0.04%)||(+1.81%)||(+3.39%)||(+226.04%)|
|Investing||$ 593.70 (S2)||$ 617.31 (R1)|
|Sharecast||$ 586.01 (S1)||$ 660.14 (R1)|
|Barcast||$ 592.38 (S3)||$ 614.46 (R1)|
Motley Fool: Down More Than 30% Off Its Highs, Is Now the Time to Consider Tesla Stock?
Benzinga: Tesla stock at critical point, could move big either way from the 16th of June
Tesla Stock Price Prediction: Latest News Updates
Itp.net: Tesla starts delivering its high-performance Model S Plaid
Jim Cramer: Ford Will Crush Tesla With Electric F-150
Reuters: German environmental groups file objection against Tesla gigafactory permit
CNBC: European Tesla rival Northvolt raises $2.75 billion from Goldman, VW and others
DutchNews: Tesla is no longer the most popular electric car brand in Netherlands
TechCrunch: Tesla’s head of heavy duty trucking has left the company
Business Insider: Tesla could soar 67% as it reaps the benefits of ‘transformational consumer demand’ for EVs in China, Wedbush say
Tesla Stock Price Prediction: Quarterly VEHICLE REGISTRATION DATA
185,000 Teslas were registered in Q1 of 2021 up from 88,400 in Q1, 2020 (COVID lockdown impact). It was 63,000 in Q1, 2019.
|New Vehicle Registrations (Global)||Growth % (YoY)|
California saw a drop in Tesla registrations
Tesla Inc. maintains a steady hold on the EV market in China, with new vehicle registrations recovering from a fall in April 2021.
|Monthly Registrations (China)||Growth % (MoM)|
Tesla Stock Price Prediction: FINANCIAL PERFORMANCE
Free cash flow
An important determinant of financial stability for a company, Tesla’s free cash flow jumped to $ 493 million in Q1, 2021, a jump from $ 283 million in Q1, 2020
Tesla clocked $ 10.39 B in Q1 revenue versus $ 5.99 B in Q1, 2020. This resulted in a massive 2638% jump in Net Income growth
|Net Income||Growth % (YoY)|
|Q1 (2021)||$ 438 million||2638%|
|Q1 (2020)||$16 million||NA|
Tesla aids their customers by offering financing, starting from 2.49% APR for terms between 36 and 72 months. The company also offers leasing terms for 24 or 36 months, depending on the model.
Tesla Stock Price Prediction: Government incentives
While the EV market is laden with incentives from executive authorities, every new administration brings new incentives for hybrid and plug-in electric vehicles. The Biden administration proposed allocation of $174 billion for the development of the country’s electric-vehicle ecosystem. This, combined with the federal tax credits given under the Energy Improvement and Extension Act, reassures the market of brighter and more profitable days ahead.
Tesla Stock Price Prediction : Competition performance
It is no surprise that the EV market doesn’t work on a monopoly. Tesla faces serious competition from companies like Ford, Volkswagen, BMW, Kia and Hyundai, all of whom are looking to enter the electric vehicle arena.
Last month, Volvo confirmed EVs will account for 100% of its vehicle sales by 2030. Auto giant General Motors estimates to increase its all-EV fleet to 30 models by the end of 2023. It plans to offer only light vehicle EVs by 2035 while Ford now expects to sell only EVs in Europe by the end of this decade. In addition, Volswagen announced plans to develop six battery factories in Europe.
EVs like the 2021 Mustang Mach-E, GMC Hummer EV SUT, Volkswagen ID.4 and Volvo XC40 Recharge are up to give some much needed competition to Tesla in the eco-friendly transportation sector.
Tesla Stock Price Prediction : Diversification policies
Tesla has announced plans for diversification into countries like India, that may prove to be an immense market for the automaker. The company has been in talks with the Indian administration and is expected to begin operations in the country by the later half of 2021.
The company also expects to expand the reach of its ever-so-famous Gigafactory for battery and vehicle production. With well-established Gigafactories in Nevada, New York and Shanghai, the expansion will lead to similar factories being developed in Berlin and Austin.
Tesla Stock Price Prediction : Battery Production
At the moment, Tesla partners with Panasonic for the production of its vehicle batteries. The Gigafactory in Nevada produces Lithium-ion batteries, with the 2020 target of 35 gigawatt-hours per year of cells as well as 50 gigawatt-hours per year (5.7 MW) of battery packs. This production could be equivalent to supplying 500,000 Tesla cars per year
In home-powered solar batteries, Tesla competes with LG, Orison, Sonnen, SimpliPhi Power, and Sunverge. In electric grid energy, the contenders include Strata Solar, AES, and NextEra.
Author: Tripti Neb