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Tesla Daily: Tesla News & Analysis

Questions for Q4 Earnings Call, Oppenheimer TSLA Price Target, EU Price Cuts (01.20.21)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 21 January 2021

⏱️ 13 minutes

🧾️ Download transcript

Summary

➤ Question submission/voting for Tesla’s Q4 earnings call has now opened
➤ Rob’s question (batteries): https://saytechnologies.com/s/27ad296e
➤ Rob’s question (solar): https://saytechnologies.com/s/4a101014
➤ Oppenheimer raises TSLA price target to a new street-high
➤ Deutsche Bank increases TSLA price target
➤ Tesla reduces prices in Europe
➤ Mercedes announces EQA details
➤ VW Group CEO Herbert Diess joins twitter, immediately trolls Elon Musk

Twitter: https://www.twitter.com/teslapodcast
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Tesla Referral: https://ts.la/robert47283

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Executive producer Jeff Sheets
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Music by Evan Schaeffer

Disclosure: Rob Maurer is long TSLA stock & derivatives

Transcript

Click on a timestamp to play from that location

0:00.0

Hey,

0:03.0

Hey everybody, Rob Maower here, and because

0:08.0

and because we are now one week out from Tesla's Q4 earnings report,

0:12.0

State Technologies has opened up the ability to

0:14.0

ask and vote for questions for Tesla's Q4 call.

0:17.0

So we'll take a look at that and some of the things I'm wondering about heading into the

0:19.8

report next week.

0:21.3

We also have new price targets on Tesla including a new street high,

0:24.5

price reductions in Europe and some news from competition. Tesla stock did finish in the

0:28.9

green today up 0.7% to $850.45, but it did trail the broader market.

0:35.0

The S&P 500, Dow Jones, and NASDAQ all outpaced, the NASDAQ finishing up

0:39.3

nearly 2%.

0:40.6

While we're on the stock, let's go through the price targets targets here so we saw price target increases today on Tesla from Oppenheimer and Deutsche Bank.

0:47.0

We'll start with Oppenheimer which has set a new street high price target of $1,036 on Tesla. That is up from their previous price target of $4,136 on Tesla.

0:53.2

That is up from their previous price target of 486.

0:56.6

So huge increase here, more than a doubling.

0:59.0

Nothing too crazy in the note that we need to spend a ton of time on.

1:02.0

It was focused on

1:02.8

Tesla's opportunity with full self-driving. With Oppenheimer writing, quote,

1:05.9

while we continue to have misgivings about risks related to Tesla not

1:09.4

incorporating LIDAR into its vehicles yet, we believe the learning cycles enabled by having over 1 million vehicles

1:15.2

on the road is an extraordinary advantage. We continue to believe best practices in vehicle safety

...

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