URGENT: Tesla ALERT
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See this before market open tomorrow
Tesla just keeps blasting HIGHER.
It's why this trader is now convinced we're at the BEGINNING of another epic rally.
He first called Tesla at $37… and now he's predicting another explosive run.
Go here to see what he's telling everyone to do right now.
If you wait until tomorrow, it might be too late.
Elon Musk has made a big announcement: the launch date for the Tesla Robotaxi is set for August 8, 2024, as revealed on X (formerly Twitter).
Here's the scoop on the Robotaxi: it's a cutting-edge self-driving vehicle that Musk has been teasing for years. The idea is to let Tesla owners cash in by renting out their rides for autonomous taxi services.
Originally, Musk aimed for the robotaxis to hit the road by 2020, but the project hit some speed bumps along the way.
Now, the big question: are Tesla's self-driving chops up to snuff for a fully autonomous vehicle? Some experts aren't so sure.
And then there are the regulatory roadblocks. Both the U.S. and China have only given the green light for limited, experimental self-driving tests on public roads. Plus, Tesla's had its fair share of legal trouble over crashes involving its Autopilot and Full Self-Driving systems.
And let's not forget the competition. Waymo and Cruise have been testing self-driving tech for ages, while Tesla's been playing catch-up.
Bottom line: Tesla's got big plans for August 8, 2024, but there are hurdles to clear, from regulations to safety concerns to stiff competition.
The consensus price target for Tesla (TSLA) is $197.80. Specifically:
- The average 12-month price target for Tesla based on 35 Wall Street analysts' forecasts in the last 3 months is $196.72, representing an 18.06% upside from the current price of $166.63.
- The consensus price target for Tesla from 47 analysts is $197.80, with a high target of $310.00 and a low target of $85.00. This represents an 11.81% upside from the last closing price.
- The latest analyst ratings for Tesla include a $310.00 price target from Morgan Stanley, a $175.00 price target from Goldman Sachs, and a $189.00 price target from Deutsche Bank.
So in summary, the consensus price target for Tesla stock based on the latest analyst ratings is around $197-$198, with a range from $85 to $310.
While I'm not a Teslaholic by any means, put me in the high end of that range: somewhere around $220…
Newer ventures, like Robotaxi, are still being launched frequently at Tesla. Additionally, they continue to hold over $26 billion in cash, despite being such a growth-oriented company.
But before you buy Tesla, check this out…
Is this $2 stock set to beat Elon Musk?
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Normally I wouldn't bet against Elon Musk, but this is different
Elon Musk has led the charge to bring Autonomous driving to the world…
But is this tiny company about to leap Tesla and take the lead in this Autopilot arms race?
Normally I wouldn't bet against Elon Musk…
But this company has 12 patents protecting a new technology that could completely change the game for autonomous vehicles.
And I'm not the only one who's excited about it…
Bill Gates, the Co-Founder of Microsoft, recently had this to say about the new technology this company is working on…
“This is as revolutionary as the personal computer, the Internet, and the mobile phone. It will change the way people work, learn, travel, and communicate with each other.”
But here's what's REALLY crazy about this…
The company with 12 patents who is about to beat Elon in the Autopilot arms race?
It's trading for less than $2 a share right now…
But once this thing goes mainstream, it could skyrocket…
To get more details about this little known company before the masses catch on…
