Tesla Receives Target Price From Canaccord In 940 dollars after the AGM, which indicates the company's confidence in the manufacturer. There are currently 40 Analysts, engaged in Tesla with an average 12-month target price of 692,76 Dollars.
When the predictions come true?
From 40 Analysts 11 have high target prices for purchase, 6 – purchases, 13 analysts have retention ratings, 6 – sales and 4 have low target sales prices.
- According to The Deep Dive, the maximum price is 1591 доллар от Elazar Advisors, and the lowest – 67 Dollars .
The company spoke about:
- Relocation of Tesla headquarters to Austin, Texas
- Cybertruck, probably, will start production in 2022 year and will reach mass production by 2023 year.
- Tesla does not plan to pay dividends on shares
- Increase in production at the Fremont plant is expected for 50%.
- Telsa will not start producing 4680 cells in Texas this year, but to 2022 will start mass production.
- Will announce a new plant next year
- Friday after the annual meeting of shareholders
Canaccord Genuity raised its 12-month target price to 940 dollars from 768 dollars and reaffirmed its buy rating.
The firm declares, that during the general meeting of shareholders Elon Musk raised some of the key investment points of Canaccord, which are centered around Tesla's "Apple-style brand and ecosystem of energy products".
Elon Musk is always open to new proposals Elon Musk is always open to new proposals
Musk said, that Tesla is based on three pillars: renewable energy production, battery storage and electrified transport.
In this way, Canaccord is awaiting production 4680 Cells, which will power all Model Ys, produced in Giga Texas, by the end 2022 of the year. This will release 2170 cells for the production of Powerwall and Megapack.