Tesla Stock Price Prediction for the next few days
On the 21st of June, TESLA Inc. (NASDAQ: TSLA) share price closed 0.4% lower at $ 620.83.
- Tesla Stock Price Prediction: Will Tesla go up in the next few days?
- Tesla Inc. Performance Chart
- Tesla Share Price Prediction and Forecast: Support and Resistance, 22nd of June 2021
- Tesla Share Price Prediction and Forecast: 12 months forecast
- Tesla Stock Price Prediction: Latest News Updates
- Tesla Stock Price Prediction: Quarterly VEHICLE REGISTRATION DATA
- Tesla Stock Prediction and Forecast: FINANCIAL PERFORMANCE
- Tesla Stock Price Prediction: Government incentives
- Tesla Stock Price Prediction : Competition performance
- Tesla Stock Price Prediction and Forecast : Diversification policies
- Tesla Stock Price Prediction and Forecast : 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
|(21st June’21)||vs 18th June’21)||last 5 days||last 1 month||Previous Year|
|Tesla Inc.||$ 620.83||(-0.4%)||+0.69%||+2.37%||+212.19%|
|Investing||$ 597.4 (S3)||$ 630.5 (R1)|
|Sharecast||$ 604.6 (S2)||$ 630.5 (R1)|
|Barcast||$ 586.8 (S3)||$ 631.9 (R1)|
Investors.com: Tesla one of 8 stocks that will rally
Investorplace: Tesla is a buy before Q2 report
Insidermonkey: Buy Tesla
InvestingCube: Timid Bullish Signs
FX Street: Tesla Charges towards $ 635
ForexTV: Buy Tesla
Motley Fool: 3 Reasons Tesla Stock Could Still Crush the Market
Freedom Finance maintains a strong buy on Tesla
Market Screener maintains a hold on Tesla with a 12 month target of $ 663
|Source||12 month Tesla Stock Forecast (Median)|
|CNN Money||$ 725|
|Tip Ranks||$ 621 (Mean)|
|NASDAQ||$ 621 (Mean)|
|WallstreetZen||$ 637.85 (Mean)|
Tesla Stock Price Prediction: Latest News Updates
Tech Story: Tesla Taps New Sustainable Glass Supplier, AGP
TeslaRati: Tesla Model S Plaid brakes mid-race to avoid getting kicked off drag strip, still dominates
Rumour on Inside EV: Elon Musk Pushes Tesla’s Q2 Production And Deliveries
TSLA Stock Price: $900 Target From Morgan Stanley
Torque News: Tesla growth story is just getting started
Newsweek: Tesla most popular car on YouTube
TheStreet.com: Tesla Is Said to Be Subject of 30 Regulatory Inquiries Regarding Crashes
Reuters: Ex-Tesla president sold stocks worth $274 million since June 10 -SEC filing
Examiner: After losing out on Tesla, Stitt helps land another auto manufacturer
South China Morning Post: Tesla rival Xpeng gets self-driving parking assist, but it needs to be trained for specific parking spots
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
|Monthly Registrations (China)||Growth % (MoM)|
Tesla Stock Prediction and Forecast: FINANCIAL PERFORMANCE
Free cash flow
Tesla’s earning estimates for Q2, 2021, click here
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 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, Volkswagen announced plans to develop six battery factories in Europe.
Tesla Stock Price Prediction and Forecast : 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 and Forecast : 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