Tesla Stock Forecast: Tesla trades lower in the pre-market

Tesla Stock Forecast: Tesla trades lower in the pre-market
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May 18th, Tesla Stock Forecast: Current Outlook is Negative

2 Analysts

Latest TESLA Stock price

Metric
Value
Trend
Share Volume (Compared to Previous Day)
26.7 M
Lower
Forward PE (1 Year)
73.30
NA

Read about Tesla Stock Forecast 2022 here

TESLA Q1 Earnings 2022:

Tesla Q1 Earnings

• The automotive revenue is $16.86 Billion with a 87% jump.
• The EPS (Earnings per share) climbed 246% to 3.22.
• The total revenue is $18.76 billion.
• Earlier, Tesla also reported their Total deliveries of 310,048 for the first quarter.

Tesla Stock Forecast: Performance Chart

Stock and Period
5 days
1 Month
YTD
+12.7%
-12.1%
-56.3%
-4.1%
-24.1%
-36.5%
+20.5%
-13.2%
-50.3%
+19.9%
-28.0%
-73.2%

Tesla Stock Forecast: Competition Analysis

Stock Name
Zacks Ratings
Price Target for 12 months
Zacks Industry Rank
Bottom 37%
$45
Bottom 37%
$84
Bottom 37%
Bottom 15%
$20
Bottom 37%

Tesla Stock Forecast: Momentum Summary

Indicator
Trend
Stock Price
Lower
Volume
Lower
Performance vs NASDAQ
Lower
Google Search
Lower
Technical
Sell
Social Media Sentiment
Steady

Elon Musk on Twitter: “20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher.My offer was based on Twitter’s SEC filings being accurate.Yesterday, Twitter’s CEO publicly refused to show proof of <5%.This deal cannot move forward until he does. / Twitter"

20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher.My offer was based on Twitter’s SEC filings being accurate.Yesterday, Twitter’s CEO publicly refused to show proof of <5%.This deal cannot move forward until he does.

Tesla Stock Forecast: Technicals

Latest Tesla Stock Analysis Video

Tesla Stock Prediction: Google Search Data

Search on Google for Tesla Stock is lower compared to 24 hours ago. [Use the cursor on the chart to see how things have moved over the previous session at that point in time]

Also Read: Tesla Q4 earnings

TESLA Stock Forecast: CrowdWisdom360- Insights

  • The short term recommendation is to sell the stock.

Read about LUCID Stock Forecast

Tesla Stock Forecast: Latest Tesla News and Tweets

Ripster on Twitter: “$TSLA Again 770 is important levelWe need to reclaim that was VIX fades to 29 for push into close pic.twitter.com/hiC8JXH1U7 / Twitter”

TSLA Again 770 is important levelWe need to reclaim that was VIX fades to 29 for push into close pic.twitter.com/hiC8JXH1U7

Tesla Stock Predictions: TSLA Social Media Sentiments

Period
7 Days
1 Day
Trend
Net Social Media Sentiment ($TSLA)
-7%
-8%
Steady
Read about possible Tesla Stock Split

Tipranks Tesla Blogger Opinions & Sentiment

Investing.com Tesla Community

Will Tesla Stock Go Up

Tesla Price Predictions

You can view and join @teslapricepredictions right away.

Tesla Stock Forecast: 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. 

A few months ago, 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. 

Manufacturing.net

Tesla Stock Forecast: Diversification policies 

Tesla has announced plans for diversification into countries like India, which 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 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. 

Track Tesla on Yahoo here

Nasdaq.com-Top Analyst Reports for Tesla

Read Apple Stock Forecast here

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