Steph
Member
Woohoo! We have a breakoutBack over $36 and big volume. Over 800K shares is a typical day's volume in the first 2 hours. Wow!
Next stop $43?
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Woohoo! We have a breakoutBack over $36 and big volume. Over 800K shares is a typical day's volume in the first 2 hours. Wow!
Yea, the stock broke $35, but more like poking it's nose up rather than a break out.I wonder if this is the start of a short squeeze.
EDIT: Sorry for the Jinx - the stock literally lost about 1/2 a point of its gain just as I hit SEND
Apparently closing at $36.01. Funny that as end of Feb, the number of shorts have risen above 25.1 Million again (from about 24.6 million in mid of Feb).
Wall Street has taken the PowerPoint slide deck from the company for Model S production and loaded it into First Call consensus, and that makes a missed production estimate a real risk," O'Neill said. The 5,000 Model S production figure means that Tesla has to make 5,000 cars in five months, a rate of production for a specialty car that O'Neill describes as nearly impossible based on the industry track record.
If Tesla pulls it off, the 52-week high would be easily understandable. O'Neill said that if Tesla were to sell 4,000 Model S cars at the fully loaded price point of $86,000, it implies revenue of $345 million and a run rate of $1.2 billion in revenue annually.
"Who has gone from zero to $345 million in revenue in six months? Has anyone ever done it, or go from zero to a run rate of $1.2 billion. It doesn't make sense, but maybe they have some secret sauce," O'Neill said, which will allow Tesla to avoid the pitfalls of all the other early efforts in the electric car production market.
The article has some interesting parts and some where the author apparently wasn't very familiar with Tesla's plans. It did say that the O'Neill fellow is going to tour the Tesla factory soon.
The article has some interesting parts and some where the author apparently wasn't very familiar with Tesla's plans. It did say that the O'Neill fellow is going to tour the Tesla factory soon.
Tesla Motors (TSLA) has finally made the move I have been looking for… a breakout to a new 52 week high and within a stone’s throw of a new all time high. Technically, the stock actually broke out of a cup with handle base yesterday and today it added to that gain confirming the breakout from this bullish base. What does this mean? Well, it greatly increases the odds of a significant move in shares of Tesla over the coming weeks and months. How much is anyone’s guess and depends entirely on the overall market, but typically you’ll see at least a 20% move over the course of a few weeks which places my next target somewhere around the $43 range.
What happens when a company with dozens of factories around the world, thousands of engineers, the clout and budget and stability to hire anyone it likes, and massive, established relationships with hundreds of leading specialist auto suppliers decides to beat Tesla at its own game? Tesla's technology is good, but it's not rocket science. It won't take long for a company like Ford (NYS: F) or Nissan or General Motors (NYS: GM) long to match it, if they decide to do so.
What happens to Tesla's 25%-plus margins when Volkswagen, which is happy with margins in the 8% range, decides to build an electric Audi that out-Teslas Tesla -- and leverages Audi's massive popularity in China to generate huge economies of scale that Tesla can't hope to match? What happens when Nissan, which is already rumored to be developing an electric Infiniti, comes to market with a car that matches the Tesla Model S's range and beats it on luxury features -- all for less money?
My experience with big companies is that they take 3 years to decide when to hold their first committee meeting. Having "thousands of engineers" doesn't do much good as there are only so many that are useful before they get in each other's way and (mis)communication costs become so large that it kills the project.