Maurer/Cramer: Wedbush $3,500 Bull Case, Growth in China, Tesla Battery Day (08.24.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 24 August 2020
⏱️ 11 minutes
🧾️ Download transcript
Summary
Jim Cramer joins Rob Maurer on Tesla Daily to discuss Wedbush's new $3,500 price target on TSLA stock, Tesla's growth in China, Battery Day, planned obsolescence and more.
Timestamps:
0:00 Wedbush increases TSLA bull case price target to $3,500 per share on China upside, Battery Day expectations
4:00 Impact of planned obsolescence for Tesla and other automakers
5:32 Can Tesla justify its market share and continue growing?
6:45 Retail investor access to Tesla, and Tesla’s Battery Day
8:27 Tesla’s expansion and production capacity in China and worldwide
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Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey everybody Rob Mower here today. We have Jim Kramer joining again to discuss the latest on Tesla. This morning we had a new note out from Dan Ives of Wedbush |
| 0:09.4 | increasing his bulkcase price target to $3,500 per share, keeping his |
| 0:14.0 | neutral rating and keeping his base case price target at $1,900 per share. |
| 0:17.2 | So I just wanted to discuss a little bit of that today with Jim. |
| 0:19.7 | Thanks for joining Jim. |
| 0:20.8 | Yeah. |
| 0:21.8 | Yeah, yeah, first of all, good one. |
| 0:23.6 | I have to tell you, we did a piece last week. |
| 0:27.2 | And I've been doing Twitter since 2009. I've been commenting on many different stocks since 1984, writing. This was the greatest |
| 0:38.1 | outpouring I've ever seen. I think a lot of it was because it was not hit and run. |
| 0:44.0 | It was thought out. |
| 0:45.2 | And it's because you are, I think, the best expert |
| 0:47.8 | I've heard on this, which is why when I saw the Webbush |
| 0:50.4 | piece saying China Growth Rejecture robust and Battery Day Key equals |
| 0:55.0 | 3500 new bullcase and then I saw the stock was down. I said you know for |
| 0:59.2 | those who really love Tesla it's better to buy something when it's down than when it's flying. |
| 1:05.2 | So I wanted to ask you, first, what's the credibility of Daniel Ives, given the fact that he has a bullcase and |
| 1:10.9 | he's neutral? |
| 1:12.0 | And second, does he have any sort of |
| 1:14.8 | insight that others don't? Yeah so I think on Wed Bush Dan Ives is definitely a very |
| 1:20.8 | respected analyst among Wall Street I think there's a website that ranks |
| 1:24.1 | analysts based on their calls out there, TIP ranks, |
... |
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