Three weeks ago, I posted that Elon Musk put a spell on Wall Street during their Annual Shareholder Meeting by announcing the company should meet its Model 3 production goal of 5,000 cars per week by the end of June. Tesla's stock price at that time was $322. My Target was $355.
Two weeks ago, after price hit my target at $355, I felt Tesla still had more momentum and posted my new target at $378.
My 2nd target which was a daily supply zone was hit before price pulled back.
Yesterday morning, Tesla nearly produced 5,000 Model 3s in the last week of its second quarter, with the final car rolling off the assembly line on Sunday morning, several hours after the midnight goal. Tesla simultaneously produced its production goal of 7,000 Model S and Model X cars as well.
Tesla expects to produce 6,000 Model 3s / week, next month. This goal was the last obstacle in the way of Tesla becoming profitable. The real question remains can Tesla consistently maintain these production weekly goals? Nevertheless, expect Tesla to pop higher to at least $355 when the Markets open at 9:30 am eastern time.
If Tesla can consistently produce, price will challenge and possibly take out the all-time high of $389.63 before the end of the year.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
SOMETHING WEIRD IS GOING ON IN THE STOCKMARKET RIGHT NOW A WHOLE BUNCH OF AGGRESSIVE MOVES
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I believe the markets are just topping, this topping should last through the rest of the year. Smart Money is selling to retail at the top of the range.
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As part of the #minnowuprising initiative, I am providing you an upvote to motivate your commitment to the #Steemit community! As the platform continues to expand, it is imperative that we come together and support each others content. It is a long process to become a minnow here but also a journey well worth taking as the knowledge and learnings achieved are beneficial for our personal growth as well as a step forward to improving our financial position. Please consider supporting the #minnowuprising initiative by continuing posting content as well as curating and upvoting content of others. Details are one my latest post. Thanks!
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Thanks @newageinv...and I will support and join the uprising moving forward.
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Solid analysis.
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Thanks @workin2005
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