Tesla Stock Price Prediction for the next few days

Tesla Stock Price Prediction for the next few days
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Tesla Stock Price Prediction: On the trading day of 26th July, analysts predict an average support price of $ 628 and an average resistance price of $ 647

3 Analysts

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?

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

Tesla Inc. Performance Chart

23rd July’21
vs 22nd July’21
last 5 days
last 1 month
last 1 year
$ 643.38
-0.91%
+2.1%
-5.36%
+127%

Tesla Share Price Prediction and Forecast: Support and Resistance, 26th July 2021

Source
Support
Resistance
$ 626 (S3)
$ 645 (R1)
$ 632 (S3)
$ 648 (R1)
$ 626 (S3)
$ 649 (R1)

Tesla Share Price Prediction and Forecast: Predictions related news

Positive

[22nd July] Tesla Poised to Beat on Q2 Earnings: ETFs in Focus

[21st July] Why Tesla Stock Popped Again Tuesday

[21st July] Tesla Stock Has Been Going Nowhere. That Could Change This Week

TSLA Stock Price – $ 900 Target From Morgan Stanley

Negative

[22nd July] Tesla Inc. stock falls Wednesday, underperforms market

[21st July] With TSLA double top and double bottom, who wins? No one it seems

Canaccord Genuity slashes Tesla price target, citing potential delays in battery program

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

TSLA Tesla Share 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

[24th July] Tesla Earnings Are Coming. Here’s the One Number That Matters

[23rd July] Tesla Earnings on Deck: 7 Things TSLA Stock Investors Will Be Watching

[23rd July] Tesla (TSLA) Q2 Earnings: 4 Things to Watch

[23rd July] Tesla Strikes Deal With Top Miner BHP Over Nickel Supplies

[23rd July] A Top Tesla Competitive Advantage: Batteries

[23rd July] Tesla lobbies India for sharply lower import taxes on electric vehicles – sources

Torque News: Tesla growth story is just getting started

Newsweek: Tesla most popular car on YouTube

Negative News

[16th July] Understanding Tesla’s Unusual Options Activity

[16th July] Own Tesla With This Hot Tech Stock Play In Buy Range

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%

[23rd July] Electrified Vehicle Sales Accelerating

[23rd July] Trendspotting: EV plug-in sales double during first half of 2021

[23rd July] Tesla Could Hit $25 Billion By Opening Up Its Superchargers

[21st July] Tesla CEO Elon Musk Says He Personally Owns Bitcoin—and So Does SpaceX

[21st July] Elon Musk says Tesla caused two-thirds of his personal and professional pain

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

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