Tesla Stock Prediction: The Model 3 Will Start Production This Month, Expect Tesla’s Stock To Shoot Up

motek 1The 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

Tesla Stock Prediction

Summary:
  • Elon Musk revealed that the affordable Model 3 Electric car will start production this July. He said 30 units of the Model 3 will be produced this month.
  • Musk also promised that production of the model 3 will exponential ramp up. He estimates that by September, Tesla will be rolling out 1,500 new Model 3 cars.
  • Expect bulls to believe Musk. They will likely push TSLA’s stock price higher this year.
  • Selling the Model 3 is Tesla’s transformation as a real rival to car firms who sell affordable electric cars like Nissan.
  • I Know First has a very bullish one-year algorithmic market trend forecast for Tesla’s stock. Going long now might prove profitable later.

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Tesla Stock Predictions: Long-Term Investors Should Keep Faith In Tesla (TSLA)

Tesla Motors Inc. (NASDAQ:TSLA) reported their second quarter earnings on Wednesday, and it appears that investors are going to have to be patient for longer than expected. Some projected that the stock would be climbing up closer to $300 as the company was addressing some of its issues, like its sales in China. However, the company’s losses tripled and it cut guidance for its deliveries this year. The stock price dropped over 7% in after-hours trading as a result, with the company’s short-term outlook growing worse. With the stock price climbing almost 21.5% so far this year, the stock was poised for a pullback due to concerns over its cash flow and whether the company can live up to its future projections. Long-term investors who are in it for the long haul with Tesla should be excited to add to their positions, as the stock could fall further before things turn around.