Tesla Stock Price Prediction for the next few days
Tesla Stock Price Prediction: Latest Price
On the 23rd of July, TESLA Inc. (NASDAQ: TSLA) closed 0.91% lower at $ 643.4. The NASDAQ closed 1.04% higher, all time high.
- 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, 26th July 2021
- Tesla Share Price Prediction and Forecast: Predictions related news
- TSLA Tesla Share Price Prediction and Forecast: 12 months forecast
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
vs 22nd July’21
last 5 days
last 1 month
last 1 year
$ 626 (S3)
$ 645 (R1)
$ 632 (S3)
$ 648 (R1)
$ 626 (S3)
$ 649 (R1)
[21st July] Why Tesla Stock Popped Again Tuesday
[22nd July] Tesla Inc. stock falls Wednesday, underperforms market
Benzinga: CNBC Traders Look For Tesla To Run Beyond $700 Per Share
12 month Tesla Stock Forecast (Median)
$ 621 (Mean)
$ 621 (Mean)
$ 637.85 (Mean)
TSLA Stock Price Prediction: Latest News Updates
[23rd July] Tesla (TSLA) Q2 Earnings: 4 Things to Watch
[23rd July] A Top Tesla Competitive Advantage: Batteries
Torque News: Tesla growth story is just getting started
Newsweek: Tesla most popular car on YouTube
[16th July] Understanding Tesla’s Unusual Options Activity
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)
[23rd July] Electrified Vehicle Sales Accelerating
Monthly Registrations (China)
Growth % (MoM)
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
Growth % (YoY)
$ 438 million
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
Nasdaq.com-Top Analyst Reports for Tesla