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Tesla reports strong delivery in first quarter of 2021
03 Apr 2021 (300 views)

Tesla's reported strong delivery during the first quarter of 2021that beat estimates by analysts by a wide margin. 184,800 vehicles were delivered compared to analyst estimate of 168,000.

https://www.cnbc.com/.../tesla-tsla-q1-2021-vehicle...

I expect the stock price of Tesla to jump by 10% when the market opens on Monday. It closed last week at $660. 

Hehehe. I hold 300 shares. If the price jumps $60, I will make a gain of $18,000 USD.

Should I sell the stock at $720? No. Not yet.

I will keep the stock until it passes $800 over the next few weeks.

Here are my reasons for being bullish:

a) The analysts expect a lower delivery number due to the worldwide shortage of chips. Tesla probably had ample chips in its inventory.

b) The strong delivery (i.e. sales) suggest that the demand for Tesla cars remain strong. They can sell as many cars as they can produce. 

c) Tesla has strong manufacturing capacity and can produce their own batteries. They will not face the same kind of supply chain constraints that their competitors have to face. 

d)  In the past, I observed that the stock price jumps by 10% each time that an analyst upgrades the forecast.

e) Tesla stock price reached $900 in January. The current price of $660 is attractive.

Disclaimer: I am sharing my personal opinion regarding my own investment. I am not recommending any buy or sell of the stock at any specific price.

Note - You can buy 1 or 10 shares of Tesla depending on your available cash. You do not need to buy 300 shares! However, invest only with spare cash and not on borrowed money!

Tan Kin Lian


Tesla reports strong delivery in first quarter of 2021
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Tesla's reported strong delivery during the first quarter of 2021that beat estimates by analysts by a wide margin. 184,800 vehicles were delivered compared to analyst estimate of 168,000.

https://www.cnbc.com/.../tesla-tsla-q1-2021-vehicle...

I expect the stock price of Tesla to jump by 10% when the market opens on Monday. It closed last week at $660. 

Hehehe. I hold 300 shares. If the price jumps $60, I will make a gain of $18,000 USD.

Should I sell the stock at $720? No. Not yet.

I will keep the stock until it passes $800 over the next few weeks.

Here are my reasons for being bullish:

a) The analysts expect a lower delivery number due to the worldwide shortage of chips. Tesla probably had ample chips in its inventory.

b) The strong delivery (i.e. sales) suggest that the demand for Tesla cars remain strong. They can sell as many cars as they can produce. 

c) Tesla has strong manufacturing capacity and can produce their own batteries. They will not face the same kind of supply chain constraints that their competitors have to face. 

d)  In the past, I observed that the stock price jumps by 10% each time that an analyst upgrades the forecast.

e) Tesla stock price reached $900 in January. The current price of $660 is attractive.

Disclaimer: I am sharing my personal opinion regarding my own investment. I am not recommending any buy or sell of the stock at any specific price.

Note - You can buy 1 or 10 shares of Tesla depending on your available cash. You do not need to buy 300 shares! However, invest only with spare cash and not on borrowed money!

Tan Kin Lian