Tesla To Gain 20% Soon? (+ did they sell Bitcoin)

TL;DR

Tesla's stock has historically rallied after delivery announcements, but recent numbers suggest otherwise. A potential 20% gain is predicted for the next week. Concerns over Tesla's bitcoin holdings and potential impairment charges in Q2 are also discussed.

Transcript

let's get to phil lebeau with more on tesla and whether that stock is ready to rally hey phil hey melissa when you look at tesla shares after they report deliveries over the last three years they tend to move higher now what we've seen since friday when tesla reported its sales is the stock was down a little bit it's indicating a little higher this... Read More

Key Insights

• 🛀 Tesla's stock has historically shown a positive correlation with delivery announcements, appreciating after the news.
• 🤨 Recent delivery numbers have not resulted in significant stock movement, raising questions about the potential rally.
• 🥹 Concerns over Tesla's bitcoin holdings and potential impairment charges in Q2 are discussed, impacting the company's financial results.
• 🌸 There is speculation regarding Tesla's potential bitcoin sales to counteract losses, but it is unlikely given the company's long-term focus.

Questions & Answers

Q: What is the historical trend for Tesla's stock after delivery announcements?

Historical data shows that Tesla's stock has typically moved higher, appreciating almost 17%, in the two weeks after a delivery announcement.

Q: Why has Tesla's stock not seen significant movement following the recent delivery announcement?

Despite delivering slightly above 200,000 vehicles for Q2, which was in line with expectations, Tesla's stock has experienced minimal movement, possibly due to other market factors at play.

Q: What is the prediction for Tesla's stock in the next week?

Based on CNBC's projections and historical trends, there is a strong chance that Tesla's stock could gain around 20% in the next week.

Q: What are the concerns regarding Tesla's bitcoin holdings?

Tesla may face impairment charges in Q2 due to bitcoin's price drops. Accounting rules require companies to mark down the value of their cryptocurrency holdings when the price falls below a certain threshold.

Summary & Key Takeaways

• Tesla's stock tends to move higher after delivery announcements, historically experiencing a 17% appreciation in the two weeks following the announcement.

• Despite reporting deliveries in line with expectations, Tesla's stock has not seen significant movement following the recent announcement.

• The video discusses the potential of Tesla's stock gaining about 20% in the next week based on historical trends and CNBC's projections.

• Concerns are raised regarding Tesla's bitcoin holdings and potential impairment charges in Q2 due to the cryptocurrency's price drops.