Skip Navigation Links
My strategy on Tesla after financial results for 1Q 2021
27 Apr 2021 (401 views)

Tesla released its financial results for 1Q 2021 after market close on 26 April.
https://www.marketwatch.com/story/teslas-first-quarter-sales-rise-more-than-70-11619468146

The results exceeded analysts expectations slightly, and were better than the previous year.

However, they did not meet the bullish expectations of some retail investors (including TKL). 

The stock dropped 2.5% in the after market, after they were released. This is an example of "selling after the news". The price is now at $720.

I hold 400 shares of Tesla. The drop of 2.5% or $18 showed a drop of $7,200 USD for me.

I have decided to hold the stocks, due to the good results.

I expect one or two analysts to increase their price target for Tesla over the next two weeks. If this happens, I expect the stock price could go up another 10 to 20%. 

My target price for this stock is $850 - at which point, I will sell my current holdings.

(This is my personal opinion. I am not giving financial advice on the price for other investors to buy or sell the stock).

Tan Kin Lian

 


My strategy on Tesla after financial results for 1Q 2021
[Back] [Print]


Tesla released its financial results for 1Q 2021 after market close on 26 April.
https://www.marketwatch.com/story/teslas-first-quarter-sales-rise-more-than-70-11619468146

The results exceeded analysts expectations slightly, and were better than the previous year.

However, they did not meet the bullish expectations of some retail investors (including TKL). 

The stock dropped 2.5% in the after market, after they were released. This is an example of "selling after the news". The price is now at $720.

I hold 400 shares of Tesla. The drop of 2.5% or $18 showed a drop of $7,200 USD for me.

I have decided to hold the stocks, due to the good results.

I expect one or two analysts to increase their price target for Tesla over the next two weeks. If this happens, I expect the stock price could go up another 10 to 20%. 

My target price for this stock is $850 - at which point, I will sell my current holdings.

(This is my personal opinion. I am not giving financial advice on the price for other investors to buy or sell the stock).

Tan Kin Lian