Hey everybody, we're out of malware here and today we're talking about an upgrade

on Tesla Stock from Canacorn Genuity, we have new tweets from Elon over the weekend

a tokenization of Tesla Stock, some news on Tesla Energy and a couple other stories as

well.

Tesla Stock on the day to day finishing up 3.69% to $701.98 that compared to the NASDAQ

slightly down on the day down 4% for percent.

Double Tailwind on the stock today from an upgrade from Jed Doorshimer of Canacorn Genuity

on Tesla Stock, not rating the stock as a buy up from hold and increasing its price target

by more than 150% from $419 per share all the way up to $1,071.

Doorshimer was on CNBC today to discuss the note set it boiled down to 3 things, number

one the beat and delivery numbers, things that will lead to greater profitability, second

they're bullish on 4680 battery production opening up supply for Tesla to continue to expand

their business both in automotive but particularly in energy storage.

Third was Tesla's brand, Doorshimer saying quote, we can only compare to Apple in terms

of the brand value that Tesla is driving in the energy market.

End quote.

In the actual note, Canacorn Genuity says they see Tesla becoming V brand in energy storage

and creating an Apple like ecosystem with their multiple product offerings.

So they do actually have Tesla energy in their model, they have it growing to what they

say conservatively would be $8 billion per year in 2025 at a 25% gross margin, that would

compare to 2020 levels of $2 billion in revenue at about a 1% gross margin but gross margin

was suppressed from 2019 levels due to solar, primarily solar roof which we're actually

...