Camp was dead money for much of 2021 – but it’s showing signs of life again. The next month could go a long way in determining the direction of the stock for the next few quarters and beyond.
There is a lot going on. For starters, Teslas “Beta button“has come. Tesla owners (ticker: TSLA) can now request the most advanced version of Tesla’s autonomous driving software called Full Self Driving, or FSD, at the touch of a finger. The button went live on Friday. It’s just the next feature the company is likely to have hopes drivers will flock to Tesla’s cars in droves.
Next up is Tesla hold its annual general meeting in 2021 at the company’s new Gigafactory in Austin, Texas on October 7th at 5:30 pm. Easter time. The choice of the venue speaks for itself. It is Tesla’s second major manufacturing facility in the US and the one that will produce the Cybertruck in early 2022. Investors will be very interested in what the plant looks like and what Tesla management has to say when Cybertrucks and Model Ys, the other car made in Texas, roll off the assembly line. The German Tesla plant is slated to start producing cars in October.
The coming year will be the year of the EV truck. Tesla,
(GM) will, among other things, offer some fully electric light trucks for sale. It’s a huge expansion of the EV addressable market. Trucks are popular vehicles in the United States.
After the annual general meeting comes the next big event: the results of the third quarter. These are due at the end of October. Wall Street is targeting earnings of $ 1.38 per share on sales of $ 13 billion. Tesla earned $ 1.45 per share from $ 12 billion in revenue in the second quarter.
Analysts are assuming delivery of around 221,000 vehicles. The company delivered approx. 201,000 vehicles in the second quarter.
This is all happening as Tesla stock is at its highest level in months. The stock closed at $ 774.49 on Friday. The Tesla share has risen by around 10% in the year to date and is thus just behind the comparable growth of the S&P 500 and Dow Jones Industrial averagee. But all of these gains have come recently. Tesla stock is up 15% in the past three months.
If nothing else, Tesla stock should be more exciting – for Bulls and bears-in the following months.
Write to Al Root at [email protected]