Valuation Increases by $40B+ in TSLA's Biggest Day Ever, Analysts Increase Price Targets, LG Chem Expands (07.06.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 7 July 2020
⏱️ 10 minutes
🧾️ Download transcript
Summary
➤ Tesla stock finished trading on Monday with a $163/share increase, the biggest increase in Tesla’s history, and continued to rise in after-hours trading, adding more than $40 billion dollars to TSLA’s market cap in a single day
➤ Analysts increase TSLA price targets after Q2 deliveries report
➤ LG Chem reportedly expanding battery production for Tesla
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Ludicrous producer Fred Hassen
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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 Maower here and today we are mostly talking about Tesla's stock price. |
| 0:11.2 | Yesterday we talked about the |
| 0:13.2 | probably most significant news as weird as it is of the last couple of days |
| 0:16.4 | with Tesla's release of the short shorts I see that as an indicator of the |
| 0:20.7 | successful second quarter that Tesla just closed and it seems that the |
| 0:23.9 | market agrees Tesla stock on the day today finished up 13.5% to $1,371 |
| 0:29.7 | 58 cents a $163 increase on the share price today alone. While Tesla stock has seen bigger |
| 0:37.1 | percentage increases in a single day before, this is the largest dollar change we have ever seen |
| 0:41.9 | in the company's history by quite a bit |
| 0:44.0 | actually surpassing the previous high of a $129 increase on the stock back on |
| 0:48.4 | February 3rd. No signs of slowing down in the after-hour session either right now as |
| 0:52.4 | I'm recording Tesla is |
| 0:53.4 | trading at about 1,425 dollars per share up another roughly 4% in after hours |
| 0:59.7 | because of that I'm sure many listeners have seen the biggest increases in their portfolios in history as well, so congratulations for those of you seeing that success. |
| 1:08.6 | As always, no financial advice here, but I did want to share my thoughts on the stock as we continue to hit new all-time highs. |
| 1:14.0 | As I said, I think today is a continued reaction to last week's delivery report and the realization that |
| 1:19.2 | Tesla is likely to post a second quarter profit, which just increases the long-term outlook for the company. |
| 1:25.0 | If they can post a profit in a challenging quarter like Q2, what's going to happen when they have |
| 1:30.0 | a clean quarter, and then how do those clean quarters continue to stack on each other. |
| 1:33.7 | Those are the types of things that the market is starting to figure out and then of course we have |
| 1:37.1 | the S&P 500 potential inclusion looming which will require a lot of tracking funds to |
| 1:42.1 | purchase Tesla stock. |
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