Tesla (TSLA) Stock Hits New Record High July 2020

July 2, 2020 - Tesla (TSLA) stock is hitting a new record high just two days into July 2020.  Shares of Tesla (TSLA) are currently trading at $1,185 in early pre market, up 6% today.  We are getting close to my 2020 TSLA Price Target of $1,200.

Tesla is expected to report Q2 deliveries this week and Elon Musk has left some hints as to how well they have been doing.

Monday Internal Email - "Breaking even is looking super tight. Really makes a difference for every car you build and deliver. Please go all out to ensure victory!"

Wednesday Internal Email - "Just amazing how well you executed, especially in such difficult times. I am so proud to work with you!"

Wait.....due to Covid-19, Tesla (TSLA) wasn't supposed to be anywhere close to breaking even.  Shares started to climb back over $1,000 on Tuesday and by today, we are seeing $1,185 in pre market.  It does appear like Tesla (TSLA) will beat Wall St estimates on all metrics!

For more of my research, visit my Tesla Page - https://stockstobuy.org/tsla

Tesla (TSLA) Stock Upgraded - 2019 Price Target $437

January 31, 2019 - Tesla (TSLA) stock is hovering around $300 per share this morning, fresh off another profitable quarter.  Tesla (TSLA) stock price target was raised to $437 from $418 at Oppenheimer.

Shares would be trading higher but late in the conference call last night, CEO Elon Musk announced that current CFO Deepak Ahuja would be retiring for a second time.  The financial keys will be handed to 9 year veteran Zach Kirkhorn.  This news is pretty boring because they hired a veteran inside the company and most shareholders knew Deepak would retire again at some point.  TSLA shares would be down a lot if they were actively seeking to hire someone from outside.  Mr. Kirkhorn has been on the team for awhile and has a keen sense of the demands of Elon Musk.

As for the earnings report itself, they improved cash on hand by nearly $700 million which was the key metric I always look at.  Tesla will have a large debt payment due in March and the growth in cash on hand will pay for this.  

Its clear that Tesla (TSLA) plans to be profitable every quarter from here on out and they have a great product road map.  The Model Y will start to be produced on a small scale by 2020 and the Chinese Gigafactory will be producing Model 3 vehicles by year-end as well.  Even if we see a recession that may or may not come, Tesla is ready for it.

I strongly feel that later in 2019, we will see one of those straight-up bull runs into the low to mid $400's.  Besides TNA, TSLA is my favorite stock at the current share price.

Tesla (TSLA) Stock Up on Consumer Reports Award

Tesla (TSLA) stock is rising 2% to $123.25 in pre market after the company received another big time award from Consumer Reports.  Not only is the Tesla Model S the safest car on the planet, it is #1 for owner satisfaction.

http://www.stockstobuy.org/forum/topics/tesla-tsla-safest-car-on-the-planet-top-for-owner-satisfaction