Tesla Inc. (NASDAQ:TSLA) stock has seen an uneven recovery this year, alternating between recoveries and pullbacks. Much of the volatility may have to do with external shocks, including the banking crisis.
What Happened: Future Fund’s Gary Black, a Tesla bull, weighed in on the near-term trajectory for the stock.
Tesla Price Action: Tesla shares have lost about 12% since the March 1 Investor Day as opposed to the 4% gain for the Nasdaq 100 Index, Black noted. The stock is still about 72% higher for the year, although off the year’s high of $217.65.
See Also: Everything You Need To Know About Tesla Stock
Black expects Tesla’s stock to remain stuck in the recent range of $170-$190 until the release of its first-quarter deliveries. The company could release the numbers on April 2.
A Street estima que as entregas atinjam 420.000 unidades no primeiro trimestre, em comparação com 405.278 unidades vendidas no quarto trimestre e 310.048 unidades no trimestre do ano anterior.
Desde o Investor Day $ TSLA -12% vs NDX +4%. Volume 2023-2025 e estimativas de ganhos praticamente inalteradas. O estoque provavelmente ficou preso na faixa recente de US$ 170 a US$ 190 até a impressão do volume do 1T em 2 de abril. A Street está em 420 mil entregas para o 1T. pic.twitter.com/sUhNbSUnid
— Gary Black (@garyblack00) 17 de março de 2023
O principal fundo negociado em bolsa do Black’s Future Fund – o Future Fund Active ETF (NYSE:FFND) – tem a Tesla como sua segunda maior participação, com uma ponderação de 8,87%.
Em meio à queda das ações da Tesla em 2022 e no período que antecedeu o Investor Day, Black orquestrou repetidamente a necessidade de um carro compacto de $ 25.000 a $ 30.000 para expandir o mercado endereçável total da empresa para o segmento de massa.
Black’s firm has a $370 price target for Tesla shares, more than 100% upside from current levels.
- Upcoming Catalysts: Black enumerated several near- to medium-term catalysts that can impart momentum to Tesla’s shares.
- These include:
- Record first-quarter deliveries in early April.
- FSD V11 best single stock expected in the first quarter.
- Megapack revenue estimate increases in the first quarter.
- Clarity on the $7,500 EV credit after the first quarter.
- A $10 billion buyback, potentially in the second-half.
- Twitter CEO announcement, likely in the second-half.
- Cybertruck launch in late 2023
- A $25k compact car in 2024.
Tesla closed Friday’s session down 2.17%, at $180.13, according to Benzinga Pro data.
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
Leia a seguir: Tesla tem oportunidade de US $ 1 trilhão neste segmento, diz Ark – e Elon Musk pode já estar em movimento
