Wedbush Increases Price Target, Model Y Shanghai Batteries, Tesla Fob Hacked, GM/Ford Updates (11.23.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 24 November 2020
⏱️ 14 minutes
🧾️ Download transcript
Summary
➤ TSLA closes above $500 per share, another new all-time high close
➤ Wedbush Securities increases TSLA price targets, has $1,000 bull case
➤ LG Chem to reportedly supply batteries for Tesla’s Model Y production at Giga Shanghai
➤ Model X accessed by Belgian research group exploiting security flaw
➤ GM’s Cadillac brand faces dealership challenges during transition to electric vehicles
➤ Ford releases official EPA ranges for the Ford Mustang Mach-E
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Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey everybody Rob Maower here and today we're going to be talking a little bit about Tesla stock. |
| 0:11.8 | We had another new all-time high |
| 0:13.0 | clothes today. We also have an updated note from Wedbush |
| 0:15.8 | Securities. They've raised their price targets on Tesla. Some news on |
| 0:19.4 | Model Y, Model X, and then GM and Ford as well. |
| 0:23.0 | All right, so another strong day for Tesla today, |
| 0:25.0 | finishing up 6.6% to $521.85 that compared to the NASDAQ up 0.2%. |
| 0:32.0 | This is the first time since the split that Tesla has closed |
| 0:35.0 | above $500 per share, or if we were still pre- split it would have been the first close above 2,500. |
| 0:40.8 | And while we didn't quite hit an all-time high today, again that still stands at about $538 from the pre-market |
| 0:47.2 | trading on September 1st, today's high was only $526, this was still an all-time high |
| 0:52.4 | close, eclipsing the previous all-time high close from last Thursday at just below |
| 0:56.4 | 500. Vincent on Twitter tweeted about this being the first close above 500, and Elon replied to that |
| 1:01.7 | tweet simply saying wow. |
| 1:03.7 | Tesla's market cap right now sits around 494 billion dollars so just shy of half a trillion. |
| 1:09.5 | If Tesla can hit roughly five hundred and twenty seven dollars and fifty per share, that'll put them at that half a trillion dollar |
| 1:16.1 | valuation. |
| 1:17.1 | If we take a quick look at the volume for today, it was, again, not all that high, about |
| 1:20.9 | 48 million shares trading hands versus the last 12 months. |
| 1:24.3 | The average is just over 65 million shares per day. |
| 1:27.6 | So about 73% of average, though a decent amount higher than the one month average at around |
| 1:32.1 | 34 million shares. |
... |
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