Third Row Elon Interview Highlights, ARK $7k Price Target (01.31.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 1 February 2020
⏱️ 12 minutes
🧾️ Download transcript
Summary
- ARK Invest updates research on TSLA with new price targets (Link)
- Model S Plaid in Motor Trend next week
- Highlights from part two of the Elon Musk interview with Third Row (autonomy, batteries, difficulty in starting a new car company, international production)
Links:
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Ludicrous producer Vincent Smith
Executive producer Rob Gill
Executive producer Rish Singh
Executive producer Nick Wood
Executive producer Fela Winkelmolen
Executive producer Troy Cherasaro
Executive producer Bradford Ferguson
Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hello and welcome to the Friday January 31st 2020 edition of Tesla Daily on |
| 0:11.5 | official Tesla Podcast. My name is Rob |
| 0:13.5 | Maower. Today we are mostly talking about the third row interview with Elon Musk, |
| 0:17.3 | the second part of two, and we do have a couple other quick notes to get to as well. |
| 0:21.5 | First things first though Tesla stock on the day |
| 0:23.7 | a really really strong performance considering the macro environment, finishing |
| 0:27.2 | up 1.5% to $650.57 cents I compared to the NASDAQ down 1.6%. |
| 0:34.2 | To me, this is obviously a bullish sign heading into next week, |
| 0:37.8 | plus the fact that we not only finished the day on a run, |
| 0:41.8 | but that run also breaking through the $650 share price level, |
| 0:45.8 | which could be a bit of a psychological barrier and also have an impact from the options market as well. |
| 0:50.4 | With that $650 close on the day, and the month Tesla is now up $232 for the month of January a 56% increase from the |
| 0:59.9 | $418 share price we had to end December. |
| 1:03.1 | When things click, I guess they click pretty fast. |
| 1:05.4 | Despite that, Kathy Wood, founder of Arkenvest, |
| 1:07.4 | who are obviously very bullish on Tesla, |
| 1:10.0 | said that, quote, we think it's incredibly undervalued end quote and that competition is quote failing miserably end quote at |
| 1:17.1 | competing with Tesla something we've talked about at length as actually being a strong |
| 1:21.2 | positive for Tesla over the last six months. |
| 1:24.0 | Arc Invest late today, just about a half an hour ago or so, updated their research and price target |
| 1:29.2 | for Tesla stock. They now have an expected value of Tesla shares in 2024 of $7,000. |
| 1:37.0 | This is their base case. They say, quote, this projection is our base case for Tesla stock |
... |
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