My October and November Predictions on Tesla Shares are Correct so Far | NextBigFuture.com
Tesla has hit $390 per share. In October, I predicted that Tesla will reach $1000 by the end of 2025 and would reach $2500 by the end of 2027. In November, I predicted that Tesla will reach $450 by Feb 8, 2025. This is not and was not financial advice.
I wrote on October 23, 2024 that the perfect earnings in Q3 was the start of an epic stock price run for Tesla. The shares will increase by ten times over three years. I made the call for Tesla to get to $1000 by the end of 2025 at the beginning of October, 2024. Tesla shares are up $110 from $213 per share on October 23. This has already been a 50% gain. There will still be fluctuations in the stock.
I followed up in November, that Tesla would get to $450 per share by Feb 8, 2025.
Rising markets and Elon Musk being tight with the US President.
This is a great MELT UP. The opposite of the MELT DOWN that ran the stock down to about $110 two years ago. The MELTDOWN was overdone but there was real growth and margin shrinkage. Margins have nearly grown back to 20%. Q3 had 19.3% margins. Margins will be over 20% in Q4. Car production is increasing and will be over 500,000 cars in Q4. There will be more high priced cars with more Cybertrucks. Cybertrucks selling for $80,000 (double the price of Model Y). The Cybertrucks at scale will have more than double the profits for a model Y.
In terms of the near term trading, the big institutional funds are underweight for Tesla. They have to get to equal weight and then to overweight. This is a lot of buying. There will also be a short squeeze and gamma squeeze. People loading up on call options forces market markets to buy the stock which is a gamma squeeze. The call option action will be large because when Tesla becomes the darling of the stock market again Tesla dominates options trading for the entire market.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
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