Bullish Price Target for Tesla

Ownership in: Tesla:

And move on Tesla. Wells Fargo added the stock to his tactical ideas list with an underweight rating and a price target of 120. The firm expects Sears to get hit this quarter on lower demand and margins. Let's bring in a shareholder and halftime committee member Bill Baruch bill. Good afternoon. You're buying more. Hey, thanks
for having me. I, I was buying this accumulating last week around the 195 197 area. It's actually one of my top ideas here. And to start in through quarter three, I think Wells Fargo's the other note here is wrong. I think Joe and I last year on the show talked about Tesla trades like a commodity. I think the perception here everything that Wells Fargo is cited in their node is being priced in already. Look at China right now. They're talking about record sales over the weekend. And that's what's kind of pulled this stock out above 200. So if you're looking at this right now, and the fact that it's run a bit today, I think we may settle in around 197 to 200. And I plan on accumulating more. But I also look at this into the August 8 Robo taxi unveiling, I think there's a lot of value, you know, that we could see because typically July is a slower month for semiconductors. And if semiconductors are not going to perform right now people are gonna look for things that are outperforming and that's where the perception and trading like a commodity and positioning can be here as a strength for Tesla. And I think that could 220 would be my first target and then we look at 235 to 250 from there.
Alright, so obviously Tesla having a huge day today shares up more than 6% You're looking ahead to August 8, what about this week they're gonna deliver they're gonna give out our release, I should say delivery numbers this week worried about downside in the stock if they fail to meet some of the estimates at the same time BYD out with its delivery numbers 35% higher year over year. They're facing a lot of stiff competition.
Yeah, the numbers about 410 to 425. And I side with Dan wet Dan Ives of wedbush here he's looking for 435 I think we can get a strong number you saw it over the weekend on socials, Tesla China is talking about record sales numbers, they also implemented a an extended the policy of zero interest loans for five years on buying a Tesla too, and that should help help the name and a little bit and tailwind there. So I'm pretty excited to name again, we were accumulating this last week 192 to 195 196 area just is somewhere below 197. I think as this thing chops around, there's gonna be an opportunity here to retest this breakout 197 to 200. And I plan on buying more in that range there. Alright, Bill
and Dan Ives are bullish on these delivery numbers. Joe, I'm gonna come over to you

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