Tesla Stock Price Prediction for the next few days: Tesla races back to $ 700!

Tesla Stock Price Prediction for the next few days: Tesla races back to $ 700!
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Tesla Stock Price Prediction: On the trading day of 2nd August, analysts predict an average support price of $ 648 and an average resistance price of $ 699

3 Analysts

Tesla Stock Price Prediction: Latest Price

On the 30th of July, TESLA Inc. (NASDAQ: TSLA) closed 1.45% higher at $ 687.2. The NASDAQ closed 0.71% lower.

Tesla Stock Jumped 5% Today

Tesla Stock Price Prediction: Will Tesla go up in the next few days?

The technical analysis by analysts is positive for the coming days. 

Tesla Inc. Performance Chart

30th July’21
vs 29th July’21
last 5 days
last 1 month
last 1 year
$ 687.2
+1.45%
+5.59%
+1.37%
+140.15%

Tesla Stock Price Prediction and Forecast: Support and Resistance, 2nd August 2021

Source
Support
Resistance
$ 646 (S3)
$ 702 (R1)
$ 656 (S3)
$ 695 (R1)
$ 643 (S3)
$ 700 (R1)

Tesla Stock Price Prediction and Forecast: Predictions related news

Positive

[30th July] Tesla’s Stock Races Into Resistance: What’s Next?

[30th July] Tesla (TSLA) Option Traders Trust in Musk After Earnings

[28th July] Tesla’s Stock Pulls Back After Q2 Earnings: What Do Analysts Think?

TSLA Stock Price – $ 900 Target From Morgan Stanley

Negative

[30th July] Tesla Short Squeeze? Why It’s Not Going to Happen

[30th July] Tesla, Inc.’s (NASDAQ:TSLA) Fundamentals are Improving but Valuation Remains a Risk

[29th July] Tesla Blew Away Earnings. Shares Fell. What Gives?

[28th July] Ominous Death Cross Forms On Tesla’s Chart

[28th July] Tesla’s Q2 Results Were Solid, But We Still Think The Stock Is Overpriced

[28th July] Tesla and other EV stocks fall as China regulatory crackdown concerns grow

Benzinga: CNBC Traders Look For Tesla To Run Beyond $700 Per Share

TSLA Tesla Stock Price Prediction and Forecast: 12 months forecast

Source
12 month Tesla Stock Forecast (Median)
$ 725
$ 621 (Mean)
$ 621 (Mean)
$ 637.85 (Mean)
$ 701.4

Where Tesla Stands With Analysts

Yahoo Tesla Community

Investing.com Tesla Community

Tipranks Tesla Blogger Opinions & Sentiment

Tesla Motors Club Forum

TSLA Stock Price Prediction: Latest News Updates

Positive News

[2nd August] Ark Sells $43.7M In Tesla While Cathie Wood Likens Elon Musk Company To Apple

[31st July] Tesla (TSLA) Option Traders Trust in Musk After Earnings

[30th July] Tesla Stock Among S&P 500 and Nasdaq 100 Top Gainers

[30th July] Tesla rallies after AI Day reveal, strong Model 3 Europe sales recharge the bulls

[30th July] Why Tesla Stock Jumped 5% Yesterday

[29th July] Tesla (TSLA) launches major shift in retail strategy: cheaper locations, remote working, and more

[29th July] Tesla : Analysis-Tesla hikes electric car prices in U.S.; holds line in China

[28th July] Tesla’s record earnings: ‘There’s quite a bit more to come in 2022,’ analyst says

Torque News: Tesla growth story is just getting started

Newsweek: Tesla most popular car on YouTube

Negative News

[30th July] A Tesla Megapack caught fire at the Victorian Big Battery facility in Australia

[30th July] Tesla agrees to pay $1.5 million to settle claims over temporary battery voltage reduction

[28th July] Tesla just had a very good quarter. Wall Street is not impressed

Tesla Stock Price Prediction for the next few days

Tesla Stock Price Prediction: Sales Data and News

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)
Q1 2021
185,000
193.7%
Q1 2020
88,400
40.3%

[2nd August] Tesla Battery Supplier CATL Spawning New Billionaires Quickly

[2nd August] Elon Musk shares details about the Tesla crash that ramped Autopilot’s first release

[31st July] Why Tesla is delaying the Semi EV until 2022

[27th July] For Tesla, Main Risk is Valuation Contraction

[27th July] Elon Musk Seeks Import Tax Cut on EVs to bring Tesla to India

[26th July] Tesla restarts Model S deliveries after a strange weeklong hold

Tesla Inc. maintains a steady hold on the EV market in China, with new vehicle registrations recovering in May from a fall in April 2021. Sales of Tesla SUVs more than doubled in China

bloomberg.com

Monthly Registrations (China)
Growth % (MoM)
33,463
+29%
April 2021
25,845
-25%
March 2021
34,635
+89%
February 2021
18,318
+9%

TSLA 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

Statista

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. 

Manufacturing.net

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

Track Tesla on Yahoo here

Nasdaq.com-Top Analyst Reports for Tesla

Read Apple Stock Forecast here

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