Episode Transcript
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Speaker 1 (00:00):
Tesla stock is trading at approximately three hundred forty U
S dollars as of today, and has experienced a remarkable
rally over the past week, with gains nearing eleven per
cent and notching six straight days of increases. Trading volume,
while significant, has actually declined by about nine million shares
on the most recent upday, with a total volume of
(00:20):
one hundred forty seven million shares. This is noteworthy because
rising prices on lower volume can sometimes signal a potential
turning point or divergence for active traders, rather than a
confirmed bullus surge. The upward momentum is attributed in part
to a healthier, broader technology market, and especially to surging
electric vehicle sales, which were likely boosted by buyers rushing
(00:44):
to purchase ahead of the expiration of the seventy five
hundred U S dollar federal tax credit next month. This
salespace has been reflected in Tesla's short term performance, though
it is worth remembering that the stock remains down about
sixteen percent for the year, despite being up sixty four
percent over the past twelve months. Recent news from chief
executive officer Elon Musk has further energized sentiment, especially updates
(01:08):
on Tesla's full self driving software and expansion of robot
taxi coverage. These technological advances are capturing investor interest and
contributing to Tesla's identity shift from being seen solely as
a car maker to more of a technology leader. However,
uncertainties remain, with legal threats involving a dispute with Apple
(01:28):
and ongoing shareholder lawsuits grabbing headlines and raising some strategic concerns.
Analyst opinions on the future of Tesla are split. The
highest priced target is four hundred ten US dollars, while
the lowest stands at two hundred and seventy six US dollars.
The consensus average target over the next twelve months is
(01:49):
around three hundred three US dollars, with most analysts raising
the stock as a hold. Some technical analysts suggest that
a sustained close above three hundred thirty eight US dollars
is a bullish signal, a threshold recently surpassed. From an
earning's perspective, Tusla recently missed consensus expectations, reporting forty cents
(02:10):
earnings per share versus a forty three cent forecast, and
posting a year over year revenue decline of nearly twelve percent.
Forecasts for coming quarters have been revised downward, but still
anticipate gradual improvement. In summary, Tesla's recent stock strength reflects
removed optimism about electric vehicles and autonomous technology, but the
(02:32):
trading environment shows signs of cautious profit taking and divided
analyst confidence about the company's near term trajectory.