$Tesla (TSLA.US)$ Tesla broke out of the 271 resistance on M...
Tesla broke out of the 271 resistance on Musk's comments that vehicle sales will grow by up to 30% next year, there will be a new, cheaper model and the Cybercab will be on the roads by next year. Musk is known for his over promises. So all these remain to be seen. It may rise to around USD300.
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Jas118 : Years end more sale for the car to hit target ....
bullrider_21 OP : If Musk announces any delay. Then the stock will be down.
SoundOfMusic : Tesla market cap is about 80x of Xpeng.
How quickly will Xpeng catch up?
All the increase in BEV volume, by all, will be coming at the expense of (replacing) old and (displacing) new ICE cars.
bullrider_21 OP SoundOfMusic : Tesla valuation and market cap depends on Musk and bullish analysts. Positive comments without proof will be enough to keep the price high. 30% increase in sales next year. I don't believe it after anaemia deliveries this year. I doubt the affordable model or robotaxi will be ready next year. Xpeng doesn't have Musk and analysts for it to catch up.
bullrider_21 OP : Maybe a false break. See what is the closing price.