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Oh, my god, tesla missed their delivery target. The stock's gon na plummet, sell, sell, sell, i'm kidding technically. Tesla did miss their delivery target, but there's absolutely no reason to panic. My name is matt and in this video i will be discussing tesla's 2020 delivery report, and i will also be sharing where analysts think the stock will be going in 2021.

Also, if you want a trading plan for the upcoming week, make sure you stick around until the end, because i will also be doing a full technical breakdown of tesla stock. Where i highlight the key price levels that will be in play, i really think you'll enjoy what i have in store for you. So, let's hop right into it. It was just reported that tesla fell shy of its 500 000 vehicle delivery target after record.

Fourth quarter tesla met its 2020 goal of producing at least half a million cars, but narrowly missed its aggressive delivery target. Following a record year, fueled by china demand for its model, 3 sedan, tesla, delivered over 180 000 vehicles over the past three months, ending in december, which was a 61.2 percent increase from the same period last year, and that brings its yearly total to 499 5555, which Means it was just short by 450 vehicles, tesla's year-end production total was pegged over 509 thousand vehicles, which was a 71.4 percent increase web bush. Analyst dan ives said that the 500 000 delivery target was not even on the map for the street. Going back to the late spring summer, time frame and forecast deliveries of as high as 710 000 for the current year, which would be a 40 growth rate, would put tesla on a strong growth trajectory into 2022.

He continued by saying clearly. Competition is increasing across the board on the eevee front, with a slew of domestic players in china, europe and the us going after tesla's core ev stronghold, although we believe the market is growing at a brisk rate that will yield multiple winners going after the ev jackpot. In other words, we don't have to debate between tesla and neo. We could simply invest in both all in all tesla somehow managed to hit its production goal, but it did technically miss its delivery target.

With that being said, though, i do believe that the stock market will count this as a win. When elon first came out with these goals, people literally thought that he was insane and the fact that tesla came within 0.1 of hitting all of those goals is definitely a win, at least in my book. Let's see what the wall street analysts are saying, with tesla's amazing growth over the past year. It's not much of a surprise that the stock price surged by 740 percent - here's where five analysts say the shares are headed to next.

First up to bat is jp morgan. They for a long time now have been negative nancy's when it comes to tesla. Currently, their rating is underweight and their price target for tesla is 90 per share, which would be an 87 percent drop. They believe that tesla stock is, in our view and by virtually every conventional metric, not only overvalued but dramatically.

So honestly, this prediction makes absolutely no sense to me. I would argue that their fundamental analysis is clearly antiquated, but what do i know? I'm just a youtuber goldman sachs has a neutral rating and a price target of 780 wed bush securities, which is where dan ives works at also has a neutral rating, but they have a price target of 715 and a bull case. Price target of 1 000. heading into the year end and 2021.

We are seeing major inflection of ev demand globally, with our expectations that ev vehicles ran from about three percent of total auto sales today to 10 by 2025, with tesla being the leader in the ev sector. It will most likely disproportionately benefit them and have even read a few reports saying that this 10 number might be a bit too conservative. Cfra research has a hold rating on tesla and a price target of 750 and finally rbc capital markets has a price target of 339, which would be a drop of more than 50 percent from current levels. So basically, three of these analysts are bullish on tesla, while two of them are bearish.

Now, unfortunately, i don't have a crystal ball, so i can't tell you the future, but i am personally bullish on tesla. I really think that the company's growth has been pretty phenomenal and so has the growth of the overall ev sector, and even if i weren't bullish on tesla there's no way in hell, i would ever bet against it. Tesla short sellers have lost 38 billion dollars throughout the automakers colossal 2020 rally. When it comes to investing.

I found that it's much easier to go with the flow, so even if i didn't think that tesla's fundamentals really justified its stock price, i wouldn't bet against it, because the stock has a clear amount of bullish momentum, speaking of which, let's check out the charts in Classic tesla fashion the stock closed the year out with quite a bang, by hitting a new all-time high of 719. The stock is currently just below 706 and across all of the major time frames. The stock is clearly in the green and from the start of the year. Until now, it is up 743 in the world of stocks, when one is plummeting people say not to invest, because it's like catching a falling knife.

I think that tesla's in the opposite position, i would say not to short tesla, because it would be like trying to catch a rocket ship. This is the current technical situation that tesla is in for those of you who are new to the channel. Here's a quick recap of what's been going on the last major relative high came at the start of september. That was just above 500 and it came right after tesla went through a five for one stock split.

Unfortunately, when that went through, there was actually a sell-off that eventually found support at 328 and from there the stock continued to ping pong back and forth, and we ended up getting the formation of this triangle, which is also referred to as a bullish pennant. This did lead to a breakout, and then we had a pretty boring, six-week period where the stock was hemming and hauling back and forth, and then in mid-november it was announced that tesla would be included into the s p, 500 and, as you can see, this sent Tesla straight to the moon from the point of the announcement until now, tesla is up an incredible 71 or in other words in a month and a half tesla outperformed how most stocks did in an entire year anyway, back to the technical analysis, there are two key Things that i would like to bring to your attention first is not only did tesla manage to hit a new all-time high, but it was on a nice technical breakout. We got above this trend line and the previous relative high from december 18th, which was at 695. This close marks, the second close above both of these levels of resistance, so there's a good chance that they could turn into support as we move forward with.

That being said, though, i would like to bring your attention to what's going on in the rsi. If we take a look at the last three relative highs december, 8th december 18th and then again december 31st, even though tesla continued to move upward, the rsi didn't, this is referred to as bearish divergence, and it means that there's less buyer strength here than there was Here and here it's commonly indicative of a future decline, or at least a period of consolidation moving forward. The ideal situation for tesla would not only be for it to hit new all-time highs, but we would like to see it bring the rsi with it. So it can get above 71 and 79, so we can get rid of this bearish divergence.

In my personal opinion at least as things currently stand, i believe that this bullish breakout is more important than this bearish divergence. I would recommend paying attention to the next psychological level of 725, but i think there will be a major magnet up to 750 from the most recent close to get to 750. That would be a gain of six percent. On the flip side, though, if tesla did put the cart before the horse, you should know the closest levels of support.

First of all, i would watch the key psychological level of 700, which is very close to the support of this previous resistance and also this trend line. If the bear camp somehow pushes the stock through that, that would then set up 654 and past that we have 608. Once again, i do believe that scenario number one is much more likely, but if scenario number two were to play out, i personally believe that buying shares of tesla as close to this trend line as possible would be a great long-term investment. Now, to get a better idea of what tesla might do over the next few trading days, let's check out the 4-hour chart as a quick reminder.

If you enjoy this type of content, it would be greatly appreciated if you could drop a like, and if you haven't already don't forget, to join the moon gang by hitting the subscribe button. All that support really helps me to keep going okay back to tesla. So, from mid-november up until the start of december, tesla was in this upward channel, which is also referred to as a bear flag and that's because they commonly break downward. Eventually, support was found at 541 and from there the bull camp tried to get the stock back into this channel on three separate occasions on the third attempt, it was officially rejected all the way back down to 566..

Since then, the stock has been grinding higher in a pretty nice fashion, we're seeing higher highs and higher lows. All this action has clearly been bullish. I mean geez tesla just hit 719 dollars and when you take the stock split into account at the start of this year, it was trading below 100, but this does showcase the bearish divergence that i was talking about. If you take a look at this high from december 8th and then the newest high tesla has gone up, but the rsi hasn't, if, for whatever reason, tesla doesn't continue to push higher here and bring the rsi with it.

This could set up a decline to the supports of 695, 658 or 608. In reality. I don't think that this would be a bad scenario, because it would allow us to invest in tesla at a cheaper price, and once the rsi has a chance to cool off and a new foundation is built, we would have everything set up for the next leg. Higher, obviously, though, because of how tesla has behaved in the past, i wouldn't be surprised at all.

If it just shoots up straight from here once again, the first two levels of resistance, i would recommend paying attention to will come at 725 and then 750. and in terms of support, i will personally be watching how tesla reacts to 695, which could also align with This trendline, these levels of support and resistance will definitely be in play over the next few training days, but make sure you're also watching this divergence in the rsi. I would love to know your thoughts on tesla in a comment below personally. The delivery report doesn't really bother me and i'm still bullish on the stock.

I would like to know your price target for tesla in 2021, also as a quick reminder, if you want, for free stocks, make sure to check out the link to the weeble trading platform. In the description of this video, the promotional deal will be running until january 15th and if you want a fifth free stock, there's also a link to robinhood. If you enjoyed this video, don't forget to drop a like, and if you haven't already don't forget to join the moongig by hitting the subscribe button. All that support is truly appreciated.

Thanks for watching and until next time best of luck in the markets, you.

23 thoughts on “Tesla missed its delivery target! why it doesn’t matter // tesla stock analysis”
  1. Avataaar/Circle Created with python_avatars Steve Stewart says:

    You guys are way too low on Tesla for 2021. It will go to $1,500 before the end of the year and most likely do another 5 for 1 stock split, because Elon does not like the stock price going too high. Think about this, the covid-19 vaccine is going out, and cases are dropping. Biden is an EV guy and he plans to bring back the $7,500 EV tax credit with no cap this time. It will be part of his $2 trillion dollar infastructure plan. The jobs will start coming back, more businesses will open back up to full capacity. The economy is going to improve by a lot, and there will be another $1,400 stimulus check, because Biden and the Democrats are going to pass it without any Republican votes. There will be more jobs, so people will have more money to invest. I know people who plan to buy Tesla when they get their stimulus check, and I know people who plan to invest in Tesla when they get back to work and start making money again. You guys think Tesla will only go to $1,000 in the next 11 months, that is crazy. It just went up $80 in 2 days, last week. It will go to $1,500 to $2,000 by the end of the year, and Tesla will beat estimates of 750k cars, they will make 1 to 1.2 million cars this year. And when they release their 1st quarter numbers that show they made 250k cars, it will be clear they are going to make 1 million or more cars this year and the stock will go up on that news. I have two different sources that tell me Tesla has internal predictions of 1.2 million cars this year. One is in China, and the other is in America. The Giga factory in Germany and Texas will be up and running pretty good by July, and that will get them to 1 million cars this year. Even though the analysts say they will not do it until 2022, they will be wrong.

  2. Avataaar/Circle Created with python_avatars HardMF says:

    Finally a non-fud headline yet in just a few words describes perfectly what is going on.

  3. Avataaar/Circle Created with python_avatars John Macri says:

    You’re all on drugs. Tesla’s revision will be over 500,000 the stock will be up big

  4. Avataaar/Circle Created with python_avatars Apple Forever says:

    Tesla needs to get their shit together. Competition is coming in.

  5. Avataaar/Circle Created with python_avatars Doyle Bros Lawn Care & Mulch says:

    Is there anyway you can upload these to Spotify so I can listen as a podcast?

  6. Avataaar/Circle Created with python_avatars John Macri says:

    Once they recalculate it will be over 500 k

  7. Avataaar/Circle Created with python_avatars Eric Soucy says:

    As long as they dont get kicked out of the S&P500

  8. Avataaar/Circle Created with python_avatars integra says:

    500000 was who's Target Tesla's or the analyst?

  9. Avataaar/Circle Created with python_avatars TFC says:

    Tesla missed Musk’s own target. Investors should nevertheless be mightily impressed.

  10. Avataaar/Circle Created with python_avatars eskay agar says:

    china did provide EV to Chinese market that is why its share stayed around 18%. i would bet once Audi, BMW, waymo , volks wagon , GM, Mahindra's and Tata provide full swing evs, the tesla market will not go up so it is a matter of valuation. not sure how long the sky high valuation will stay but fall will be very very very very bad

  11. Avataaar/Circle Created with python_avatars Lucid Finance & Investing says:

    Nice update, it's going to be a very interesting year for Tesla!

  12. Avataaar/Circle Created with python_avatars Alex says:

    450 off target, on a 500,000 goal is exponential in my eyes. Even during covid, you cannot stop tesla

  13. Avataaar/Circle Created with python_avatars Don F says:

    Less than .1% short of a goal they communicated in 2014 during a pandemic year….Quite impressive!!

  14. Avataaar/Circle Created with python_avatars Stock Journey says:

    I think I would prefer an EC6 vs a Model 3 what would you guys choose? Take the Tesla/Nio cult out of your decision

  15. Avataaar/Circle Created with python_avatars Khoa Do says:

    Tesla is gonna go up 50% by the end of 2021. Gonna be a fun ride boys and girls

  16. Avataaar/Circle Created with python_avatars Eplugplay says:

    Wait how is this missed deliveries? Wallstreet estimates were 480k.

  17. Avataaar/Circle Created with python_avatars Lorenzo Bernasconi says:

    I was always unsure about the hype of Tesla but I think that they now have proven to everybody that they can hold the stock at a high price and go up much more.. Even if it's a little bit too late I will start buying some Tesla stocks now.

  18. Avataaar/Circle Created with python_avatars Bogus Kitty says:

    I believe TESLA will be $1000 per share in 2021

  19. Avataaar/Circle Created with python_avatars Frank Giurleo says:

    The missed the target, lol, OK
    Yeah by 0.1 percent
    Go back to class

  20. Avataaar/Circle Created with python_avatars FLYBOY says:

    Tesla bear 🐻 be like “they did not make the target” ‘Bankrupt by the end of 2021’

  21. Avataaar/Circle Created with python_avatars Barrett Kamari says:

    You can get more info about me on my channel 😍💋 💝💖❤️

  22. Avataaar/Circle Created with python_avatars Eagles_Eye says:

    Just replying only on the title,
    They didn’t. They are off by 0.1% while saying they were conservative and the final number might be 0.5% more than stated.

  23. Avataaar/Circle Created with python_avatars Matt Kohrs says:

    Let me know your TSLA 2021 price target!

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