The first batch of domestic Tesla owners will close the car, Tesla shares rose 6% on Monday

Local electric vehicle maker Tesla shares rose 6.45% to $ 381.5 on Monday, the highest level since August 2018. 

It is reported that Tesla’s stock price has increased by 15% this year, while the S & P 500 index (S & P 500 index) has risen by nearly 28%.

Credit Suisse analyst Dan Levy said earlier Monday that Tesla is leading the way in defining future car manufacturing, including software and electrification. The analyst said that by visiting Tesla’s super factory last week, “it strengthens the impression that Tesla may be ahead of other companies in terms of batteries.”

The analyst wrote in a report to customers that, by comparison, Tesla had a total capacity of 44 gigawatt hours of batteries and battery packs in 2018, compared to a total capacity of 46 kilowatts for all other automakers worldwide. MWh. But Levy maintains a Tesla equivalent sell rating and a $ 200 target price.

In addition, the first batch of users who ordered the Model 3 made in China have received Tesla’s order confirmation notice, which means that Tesla may ship soon.

Wade Bush analyst Dan Ives said in a telephone interview: “Given the current situation, it is difficult for bears to maintain negative sentiment.” He added that channels for multiple analysts and market watchers The survey shows that stronger demand and production trends have put the bears into ‘hibernation mode’. “

According to data from S3 Partners, about 19.5% of Tesla’s outstanding shares were shorted, which was lower than the high of 37.3% at the end of May.

Oppenheimer analyst Colin Rusch said in a report that “expectations for the steady growth of Tesla’s Chinese plant are heating up.”

“In the short term, it seems Tesla is moving towards the goal of delivering 360,000 cars,” said Rush.

The US Congress is also considering reforms to electric vehicle tax credits, which could benefit Tesla and GM.

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