New TSLA Price Target, GM's Misleading Comments, New Features, Hertz, Ford, Lucid (10.27.21)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 28 October 2021
⏱️ 18 minutes
🧾️ Download transcript
Summary
➤ TSLA stock gets price target increases from Goldman Sachs, Citigroup, and Piper Sandler
➤ GM announces Q3 earnings, CEO Mary Barra comments on electric vehicles plans
➤ Ford announces Q3 earnings, raises outlook
➤ Hertz partners with Uber & Carvana, Hertz CEO shares more insight on Tesla order
➤ Ron Baron shares most recent thoughts on Tesla stock
➤ Sentry Mode updates
➤ FSD Beta news
➤ EV tax credit update
➤ Lucid Air battery pack size revealed
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Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Andre/Maria Kent
Executive producer Jessie Chimni
Executive producer Jeffrey Yu
Executive producer Michael Pastrone
Executive producer Richard Del Maestro
Executive producer John Beans
Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey everybody, we're off-mower here and today we've got new price target increases on Tesla |
| 0:11.1 | stock from Goldman Sachs and City Group to discuss. |
| 0:13.9 | We've also got an update from Ron Barron on his thoughts on Tesla at the moment. |
| 0:17.7 | News from GM and Ford both have reported earnings, some interesting new details on Tesla's |
| 0:21.9 | deal with Hertz, a new Tesla feature update, some news on the EB tax credit and other things |
| 0:26.7 | going on in government right now and an update on Lucid. |
| 0:31.0 | Pretty good day for Tesla today, not quite as volatile as the last couple of days have been, |
| 0:34.7 | but Tesla did end up finishing up almost 2%, to $1038.31, which is actually an all-time |
| 0:40.8 | high close, albeit not quite at the $10.94 peak on 2Z. |
| 0:44.9 | Pretty good performance relative to the macro, the S&P and the Dow finished down between |
| 0:48.2 | half and 3.4% and the Nasdaq was flat. |
| 0:51.4 | Tesla may have gotten a bit of a boost today from a price target increase from Goldman Sachs |
| 0:54.9 | overnight. |
| 0:55.9 | They continue to carry a buy rating on the stock and have increased their price target |
| 0:59.1 | from $905 previously, now to $1,125. |
| 1:04.1 | In the note they do share their thoughts on the Hertz deal in general they're bullish |
| 1:07.1 | on that, but not really anything new there that we haven't covered already. |
| 1:10.0 | As for their updates to their model, they are saying that they are maintaining their earnings |
| 1:14.3 | per share forecast for 2021 of $4.21 on a gap basis, so that actually implies only gap |
| 1:20.6 | earnings in Q4 of $1.36, Q3 was $1.44 on a gap basis for a perspective on that, so |
| 1:26.1 | I think they're still quite low on 2021, and I'm sure they also realize that, but just |
| 1:30.0 | don't care to update their model for that for some reason, anyway, for 2022 they're |
... |
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