It's too bad I live in Florida. I'd be down for a meetup if I was in Texas for sure.
Tesla is back up to $179 today, fwiw. That's an incredibly 'bold' call on the robotaxi's none of us have seen.Quote:
Ark Invest CEO and founder Cathie Wood may be best known for her 2018 price prediction on Tesla Inc (TSLA) shares. The price prediction was heavily scrutinized but came true years later and helped boost the profile of Wood and the price of many Ark Invest ETFs.
Wood and Ark are back with an updated Tesla price prediction that revolves heavily on the company's autonomous vehicle ambitions.
What Happened: In 2023, Ark Invest set a price target of $2,000 for Tesla for 2027. Then on Wednesday, the investment management firm announced a new price target of $2,600 for 2029.
"ARK estimates that nearly 90% of Tesla's enterprise value and earnings will be attributed to the robotaxi business in 2029," the new open-source model reads.
Ark lists a bear case price target of $2,000 and a bull case price target of $3,100 in the latest forecast. Ark also lists a price target of $350 for Tesla if it eliminates the robotaxi network from the model.
The new price target forecast model breaks down Tesla's 2029 revenue as being 63% from robotaxis and 26% from electric vehicles, with the rest coming from items like insurance and energy storage. The model predicts 2029 revenue of $1.2 trillion for Tesla.
The model shows $440 billion in EBITDA for Tesla in 2029 with 86% of EBITDA coming from the robotaxis and 10% coming from electric vehicles.
Ark predicts that Tesla will sell 5.8 million electric vehicles in 2029 with its bear case and 14.4 million units in its bull case.
Where do you get your figures for short interest and % float? Looking for a more up to date sourceMcInnis 03 said:
Saw last night that JFBR and SMFL are both shorted over 100% of the float. If the degenerates ever caught word of this (especially since JFBR is a penny stock) they could really do some nutty **** with it.
Oh, and their floats were both like less than 500,000 shares.
Cathie gets to see more than we do. But still a wild call. She's been pretty good on Tesla though.FJB24 said:
Cathie Wood call on TSLA will have some folks interested: Benzinga source.Tesla is back up to $179 today, fwiw. That's an incredibly 'bold' call on the robotaxi's none of us have seen.Quote:
Ark Invest CEO and founder Cathie Wood may be best known for her 2018 price prediction on Tesla Inc (TSLA) shares. The price prediction was heavily scrutinized but came true years later and helped boost the profile of Wood and the price of many Ark Invest ETFs.
Wood and Ark are back with an updated Tesla price prediction that revolves heavily on the company's autonomous vehicle ambitions.
What Happened: In 2023, Ark Invest set a price target of $2,000 for Tesla for 2027. Then on Wednesday, the investment management firm announced a new price target of $2,600 for 2029.
"ARK estimates that nearly 90% of Tesla's enterprise value and earnings will be attributed to the robotaxi business in 2029," the new open-source model reads.
Ark lists a bear case price target of $2,000 and a bull case price target of $3,100 in the latest forecast. Ark also lists a price target of $350 for Tesla if it eliminates the robotaxi network from the model.
The new price target forecast model breaks down Tesla's 2029 revenue as being 63% from robotaxis and 26% from electric vehicles, with the rest coming from items like insurance and energy storage. The model predicts 2029 revenue of $1.2 trillion for Tesla.
The model shows $440 billion in EBITDA for Tesla in 2029 with 86% of EBITDA coming from the robotaxis and 10% coming from electric vehicles.
Ark predicts that Tesla will sell 5.8 million electric vehicles in 2029 with its bear case and 14.4 million units in its bull case.
Chef Elko said:Where do you get your figures for short interest and % float? Looking for a more up to date sourceMcInnis 03 said:
Saw last night that JFBR and SMFL are both shorted over 100% of the float. If the degenerates ever caught word of this (especially since JFBR is a penny stock) they could really do some nutty **** with it.
Oh, and their floats were both like less than 500,000 shares.
https://fintel.io/ss/us/powlChef Elko said:Where do you get your figures for short interest and % float? Looking for a more up to date sourceMcInnis 03 said:
Saw last night that JFBR and SMFL are both shorted over 100% of the float. If the degenerates ever caught word of this (especially since JFBR is a penny stock) they could really do some nutty **** with it.
Oh, and their floats were both like less than 500,000 shares.
Despite repeated record highs in the Nasdaq, there is a persistent bug.
— Jason Goepfert (@jasongoepfert) June 12, 2024
Most of these days have seen more stocks at 52-week lows than highs. It's happened 9 out of 10 days.
There has been only one similar cluster in ~40 years: late October through early November 2007. pic.twitter.com/jDTSe7FMlD
No one has a crystal ball and that's why I said it's my spidey-sense. I'd rather cash out some chips and rebuild a larger cash reserve to be ready to buy when everyone is scared and dumping. This approach has done me very well.EnronAg said:
I could definitely see JPow being very dovish and causing the market to rippy...but I think we get faked out and it's more a "buy the rumor, sell the news event" meaning buyers already ripped in after the "soft" CPI expecting dovish language...but I think the market sells off quickly...only for it to shrug it off over the course of the day/week...and just continue it's meltup...
This is the main reason I haven't been adding much too QQQM, SOXQ, or AIQ this month and opted for TNA and IWP instead.Heineken-Ashi said:Despite repeated record highs in the Nasdaq, there is a persistent bug.
— Jason Goepfert (@jasongoepfert) June 12, 2024
Most of these days have seen more stocks at 52-week lows than highs. It's happened 9 out of 10 days.
There has been only one similar cluster in ~40 years: late October through early November 2007. pic.twitter.com/jDTSe7FMlD
McInnis 03 said:
Although, if you want to witness one of my very favorite things in the market, pull up the SPY option chain just before announcement. At about 12:59.45 you'll see the machines shut off and hte spreads on the strikes will go HAYWIRE for abotu 15-20 seconds. When they turn them back on, all hell breaks loose. I don't know why, but seeing the market go wonky like that gives me great comfort in knowing it's all "fixed" by machines anyways
TOSCharismatic Megafauna said:McInnis 03 said:
Although, if you want to witness one of my very favorite things in the market, pull up the SPY option chain just before announcement. At about 12:59.45 you'll see the machines shut off and hte spreads on the strikes will go HAYWIRE for abotu 15-20 seconds. When they turn them back on, all hell breaks loose. I don't know why, but seeing the market go wonky like that gives me great comfort in knowing it's all "fixed" by machines anyways
What platform are you on that shows live options chains?