Electricvehicles
$QS PT $32 (up to $39) [End of Year]There has been a lot of negative media around $QS but this is because they adjusted their approach to developing those batteries, transitioning to a safer and more practical method of battery development. With that said, QuantumScapes CEO stated in an interview on April 28, 2021, that his firm expects to have major deliverables by the end of the year.
Fundamentally, $QS is a sound start-up that continues to meet milestones; financials and operational cash-flow is healthy, suggesting higher intrinsic value than what is present. There is much more information but for the sake of time, they are meeting the major criteria to be considered a quality stock.
Technically, they have stepped into accumulation phase with buy signals coming from the bollinger band, oscillators, RSI, and MACD. As well, volume depletion has weakened, suggesting that buyers will re-enter the market soon!
Happy Investing!
Time For Yadea To Continue Its UptrendHKEX:1585
Trade Indicators
55 & 233 Daily SMA Cross: +1
Using 55 and 233 as Fibonacci versions of 50 and 200 day moving averages
Currently in golden cross.
55 & 233 Daily SMA as Support & Resistance: 0
Currently not in play.
Relative Strength Index: -0.5
Earlier trend line break on May 20 was accompanied by RSI at 58. This shows strength above 55, but not overbought below 70.
Currently weak below 45.
Price Action: +1
Price is retesting the trend line that it broke out of on May 20, and is also sitting on a key support level at around $15.72, which coincides with the 61.8% Fibonacci retracement level of the move from Nov 11 to Jan 26.
Price Levels
Entry: $15-$16
Entry between this area of strong support.
Stop Loss: $14.60
A break below $15 could suggest further downside.
Target: $23.00
Targeting to take partial profits near the all-time highs, and letting the rest run as a continuation of this uptrend that started in March 2020 is expected to continue.
finance.yahoo.com
Xpeng: Is now the time? 🤑🤑🤑A lot of you have asked for an update of our Xpeng analysis. With the ongoing testing oo the resistance at $37.50, we are at a crucial stage of the price development. If the price is able to hold this level now, we believe that the way is paved for a strong bullish run. Also, we have adapted our price target for wave 3 in green, as we set it to $109.25 - $118.93. So, the expectation is still extremely bullish, but it remains to be seen whether we can stay above $37.50.
Don’t miss this chance!
The sky's the limitTechnically a potential Golden cross, and fundamentally Arrival seems promising, which went public via a merger with a unique purpose acquisition company (SPAC), has an order for up to 10,000 vans from UPS. Arrival also plans to collaborate with Uber to produce electric taxis in the UK and the Microfactories plan.
Last but not least, I love the product and its target market. I think Arrival will keep growing and a potential slow cook stock that can generate a nice long-term profit.
Arrival and Uber to collaborate on electric Car for the ride-hailing industry
arrival.com
Elliott Waves Analysis: TESLA UPDATEHello traders and investors!
We want to update Tesla chart, which is moving nicely lower as expected and looks like there's room for more weakness.
Well, on April 15th we have noticed nice and clean bearish setup formation and as you can see, since then it's moving perfectly to the downside towards projected 500-400 support zone.
We are talking about A-B-C corrective movement from the highs and because wave C is a motive wave, it has to be completed by a five-wave cycle. As you can see, wave "v" of C is still missing, so watch out for another, maybe final decline before we will see a bigger recovery on Tesla again.
Trade smart!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Ford is the new Tesla, long to $80Price is looking like it wants to retest the top of this trading range at $19. If it breaks, Ford is going to Mars.
The market's trend has been bullish on companies moving to electric vehicles. Reference $NIO and $TSLA. Ford making this move and going "All in" on electric vehicles is respectfully in my opinion, uber-bullish.
Technical analysis: RSI in bullish territory on the weekly. Record level volume. Great support tap off the heartline of this trading range. All signs lead to higher prices.
I am long here. This is not financial advice, I am an ape.
Something also to note. Tesla's market cap is 600 billion, while Ford's is 58 billion. Tons of upside potential for Ford if they do this electric vehicle thing right.
Tesla cult members, the title is satirical, please do not kill me.
The next HCMC type play?ABML corp is chilling near the 200 EMA. OTC might make me OCD on the juicy returns.
It looks like it's been consolidating once it bottomed near $1.
A lot of hype surrounding this stock, but hey it's good for the environment. Similar to Redwood Materials but this is hot right now and in Market.
RR ratio always needs to be 1:3+ for me
As per usual, this is a speculative play and just for fun. The closest imitation to HCMC I could muster. Except that was a gem and once off.
Have fun traders. OTC:ABML
(Disclaimer, not financial advice just my opinion)
Will Tesla hold?...A weekly chart of TSLA will show us the longer term trend, which fate could be tested at the $550 level, which is coincidental with the 61.8% Fibonacci Retracement, a break below this level suggests the next target on the downside is $330 approximately.
There is a slight divergence with the RSI, when you take a look at the last bottom. (Bearish)
I will be keeping this on a close watch.
Tesla - Out of Battery 🔋-Tesla is not just another automaker and has several distinctive factors that will make it a global leader over the long term.
-Its strong growth will last several more years and the company should be viewed as an early-stage growth company at least until 2025/26.
-This implies a lower multiple and compared to its current valuation, the upside in the next 5 years is not great right now.
-Its current market capitalization is about $550 billion, dwarfing the value of any other carmaker globally by this measure.
-Despite the fact that Tesla still has some advantages over its peers, this position is poised to change in the next 3-5 years, given that due to its own success Tesla’s business model is being rapidly copied by both legacy carmakers and new startups. For instance, this can be seen by XPeng’s (XPEV) business model in China that is clearly inspired by Tesla, or Volkswagen’s (OTCPK: VWAGY) plans to develop a recharging network in the U.S., Europe, and China over the coming years. Moreover, regarding autonomous driving, Tesla is probably nowadays the most advanced company in this field, but XPeng has achieved good progress in China, and technology companies such as Intel (INTC), Google (GOOG), and Apple (AAPL) are also investing in this technology and therefore it doesn’t think that Full Self-Driving (FSD) will be a competitive advantage for Tesla over the long-term.
-Furthermore, most likely, Tesla will be only able to monetize its investments in FSD through selling its own cars, which means that customers have to choose FSD as an option, while other carmakers are most likely to choose technology from a company like Intel than from a direct competitor. This means that automakers that are currently behind in the development of autonomous driving capabilities, such as Stellantis (STLA) for example, will be reluctant to finance a direct competitor and may decide to choose Mobileye’s technology, or any other that may enter the marketplace, even if it may be inferior to Tesla’s FSD.
-Taking this background into account, batteries may be the only area where Tesla can develop a competitive advantage over competitors in the long-term, which may be key to become one of the largest automakers in the world. Tesla is investing significantly in the development of batteries and wants to include them in the car’s structure in the coming years, aiming to reduce costs and improve efficiency.
-According to IEA, sales of EV’s amounted to about 3.2 million units in 2020 and about 4.6 million units when considering also plug-in hybrid vehicles, an increase of almost 50% from the previous year, with China and Europe being the regions that represented the vast majority of EV sales last year. The market share of EVs was still quite low, at only 4.4% of global car sales, but is increasing quite rapidly (it was only 2.5% in 2019 and near zero in 2010) and this trend is only expected to accelerate in the next decade.
-Indeed, global sales projections for the next years is for compounded annual growth rate (CAGR) of about 30%, with IEA projecting sales of 14 million EV units by 2025 and 25 million in 2030, representing a market share of around 22% and 39% respectively, assuming a flat global auto market during this period.
-Tesla delivered close to 500,000 units during 2020, thus despite its leadership position from a technological point of view in the EV industry, its global market share was only about 16%. This is explained by the fact that Tesla has a very large market share in the U.S., being the leading EV manufacturer by far, but in Europe and China, its market share is much lower. This is important because these two regions are ahead in the adoption of EVs and competition is stronger than in the U.S., showing that even in its domestic market Tesla is not expected to be dominant in the future.
-Tesla’s annual production capacity is currently about 1 million cars and with the two new factories, this may well double. Moreover, Tesla may also expand its factories in the future if needed, thus the company’s annual production capacity should not constrain its growth path at least for the next 3-4 years.
-Tesla delivered nearly 500,000 vehicles (from 367,000 in 2019), which was the main reason why its revenues increased by 28% YoY to $31 billion. The automotive gross margin was 25.6%, a much higher level than in 2019 (21.2%), showing that Tesla has been able to achieve economies of scale with increased production and has reduced costs by producing in China.
-Its net income was positive for the first year, based on GAAP, reaching $732 million and its free cash flow was nearly $2 billion, which is a very good achievement for an early-stage growth company like Tesla. Its capex more than doubled from the previous year to $3.1 billion, as the company is investing significantly in its future growth by building new factories.
-In Q1 2021, total revenues amounted to $10.4 billion, up by 74% YoY, and its gross profit increased to $2.2 billion (+79% YoY). Its net income was $438 million, compared to just $16 million in Q1 2020. From a financial standpoint, this quarter was somewhat messy as the company invested in bitcoin and had a $101 million positive impact, making differences with previous quarters less comparable.
Conclusion:
-Tesla is currently trading at an enterprise value multiple of about 11x based on its expected 2021 revenues, hardly a bargain!
-Indeed, its business profile is more similar to Apple for instance, given that both businesses have a strong brand in the consumer market and are based on both hardware (cars and the iPhone) and software (FSD and the App store). Apple is a well-established company that is still growing at very good levels, possibly giving some perspective about Tesla’s valuation in a few years.
-Tesla will only be considered a more mature company by 2025/26, when its revenue growth will start to decline to more ‘normal’ levels. Tesla is expected to have revenues of about $114 billion by 2025, according to analysts’ estimates, and I assume that Tesla’s EV/sales multiple will decline gradually to a level more similar to other mega cap companies, such as Apple.
-This means that a more reasonable EV/revenue multiple in 5 years from now will be about 5-6x annual revenues, which imply an enterprise value of around $630 billion at the middle of the range. Given that Tesla’s current enterprise value is about $560 billion, much of its future growth seems to be priced-in at its current share price, which is not exactly surprising considering the fantastic run it had over the past year.
Credits: Seeking Alpha
Our Opinion: We keep our target @ 380.
Could you imagine Fisker $2.5 ?cypher harmonic pattern:
AB=0.61 XA
BC=1.41 AB
tp1=0.78 XA=$6.8
tp2=1.27 BC=$5.88
tp3=2 BC=$2.35