I Know First Weekly Review Algorithmic Performance: July 20th, 2020
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Investment Selection Using AI Predictive Algorithm
July 20, 2020
Tesla Stock Forecast: Record Highs Amidst Economic Downturn
The Tesla stock forecast was written by Hugh Camiener, Analyst at I Know First. Bachelor of Arts candidate at Columbia University.
Summary
- Tesla handily beats sales expectations, delivering 90,650 cars in Q2.
- Solar panel price reductions make Tesla the lowest cost ever to go solar.
- The volatility of Tesla and optimism surrounding the future of EV makes Tesla a high-risk high-reward option.
- I anticipate Tesla will be slightly bullish for the remainder of 2020.
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Subscribe to receive exclusive PREMIUM content HereTesla Stock Predictions: Cash-in Your Profits On TSLA
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.Summary
- The stock-picking Artificial Intelligence of I Know First still touts a super bullish one-year forecast score for Tesla.
- My takeaway is that we should play it safe. Cash-in your profits on TSLA right now. After this, wait for cheaper windows to make another re-buy.
- The lingering COVID 19 pandemic is a headwind for Tesla this year. The huge cash position of Tesla won’t save it from a pandemic-induced recession.
- The cheapness and oversupply of oil in the global market means companies/individuals are now less enthusiastic about electric vehicles.
- As long as there is no vaccine for the coronavirus that causes COVID 19, Tesla will it find challenging to deliver 500k cars in 2020.
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Subscribe to receive exclusive PREMIUM content HereTesla Stock Predictions: I Know First Stock Forecasts Evaluation Report
Tesla Stock Predictions Executive Summary
In this forecast evaluation report, we examine the performance of the Tesla stock forecast generated by the I Know First AI Algorithm for the TSLA stock with time horizons ranging from 3 days to 1 year, which were delivered daily to our clients. Our analysis covers the time period from 1 January 2019 to 13 March 2020. Below, we present our key takeaways for checking hit ratios of our TSLA predictions in the stock market.
Highlights:
- 100% Hit Ratio for a 1-year time period for Tesla stock forecast allowing our clients to be able to invest their money with significantly less risk
- Predictions consistently hit above 57% accuracy despite volatile market conditions
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Tesla Stock Forecast: The Gigafactory 3 and its impact in 2020
This article was written by Gabriel Plat, a Financial Analyst at I Know FirstTesla Stock Forecast
Summary:- Model 3 production in China can reach 500,000 per year thanks to Gigafactory 3
- Tesla stock forecast is expected to be bullish next year
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Subscribe to receive exclusive PREMIUM content hereTesla 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.Summary
- 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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Subscribe to receive exclusive PREMIUM content HereTesla Stock Forecast: Transforming the Future
This article was written by Talia Shakhnovsky, a Financial Analyst at I Know First.
Tesla Stock Forecast: Transforming the Future
“There is not a demand problem. Sales have far exceeded production…We have a decent shot at a record quarter on every level”
– Elon Musk, Tesla CEO at 6/11/2019 Annual Shareholder Meeting
Summary:
- Despite decreasing vehicle sales, global demand for electric vehicles is growing; Tesla is attempting to enter the global market by building a Gigafactory in China.
- From the first quarter of 2018 to the first quarter of 2019, Tesla’s revenue grew by 32.23%, surpassing automotive industry revenue (-1.61%). Tesla’s expected annual growth of 68% also exceeds the auto industry’s expected growth of 22%.
- At Tesla’s annual shareholder conference, CEO Elon Musk discussed continuing demand, Tesla’s acquisition of battery company Maxwell Technologies, and the new semi pickup truck among other developing technological advances like fully autonomous vehicles.
- Tesla’s financial statement supports a long term bullish outlook, with a potential June 2020 share-price of $333.
TESLA Logo – Source: Wikimedia
Current Automotive Market Trends Overview
The bull market of today is the longest period of uninterrupted gains in American history. While the Federal Reserve is unlikely to cut interest rates at the moment, it has signaled that it is open
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