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Tesla Stock Predictions: Greater Efficiency Is Compelling Reason To Go Long On Tesla

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

I reiterate my March 3 buy recommendation for Tesla. In spite of -12% YoY lower Q3 revenue, the stock is again trading above $326.
Investors like it that greater efficiency is helping Tesla become more profitable. Reduced manufacturing and material costs makes Tesla a better long-term investment.
Tesla is now generating most of its sales from its cheapest car model, the Model 3. It still managed to deliver a better-than-expected Q3 GAAP net profit of $143 million.
Tesla manufactured and delivered almost 80k Tesla 3 models in Q3 2019. Tesla’s future prosperity is now insured – Tesla is now a legitimate consumer car vendor.
Another tailwind is Tesla 3rd generation Solar Roof. Tesla is now poised to become the world’s best installer of solar power roofing.

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The article was written by Jacob Saphir, a Financial Analyst at I Know First.

Summary:

First Solar continues to thrive in an oversupplied industry.
Growth is attributed to increase in revenue earned, government incentive and favorable regulation, gaining market share, and positive correlation to oil price.
First Solar Restructuring plan will transition the company to operate more efficiently.
I Know First’s algorithm indicates a bullish signal.