I just want to point out what looks like a competition to raise the prices for most bubblicious stocks out there, namely TESLA and Amazon.
Other analysts - JP Morgan - have it lower, below 300$.
The reasons vary from better demand than other car makers, China market, selling carbon credit, etc.
This sounds so cliche in my opinion; we can hear the same things for every multi-national behemoth selling into international markets. Why is China market better for Tesla but not for Audi? Or Porsche Taycan? Or Jaguar I-Pace? Those are high-end electric vehicles...
I did promise in a previous post to look at how many cars TESLA is selling, how much does it make per sold cars, who are it competitors. Actually, there is little value in trying to look into those imo.
You can try explaining whatever you want for a stock, when its in a bubble it's just that: an emotional play by crazy people playing casino; I think most dont know what they're doing. So instead of explaining why it goes up or down, you just need to let it play out. When it will play out? I dont know, nor does anyone else; including Morgan Stanley.
Some analyste are more cautious; will they be right? I have no idea, but neither JP Morgan...
Look, I will go out and put a price targe on TESLA to 5000$ by the end of July 2020.
My estimate is not worse nor better than Morgan Stanley's.
What it is based on? I could cite " the boss smoking grass and growing some more hair" (does this work btw?) but as I said, it does not matter today...
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