BusinessHABTsla stock: Earlier this year, as the automaker struggles to become profitable, it was reported that Tesla lost $562.8 million in the third quarter of 2018. The quarterly loss came as a surprise since the company had made significant progress in its production ramp. However, the losses have not stopped there. In its most recent earnings report, the losses have only gotten worse and are expected to increase in future quarters if current trends continue.
With Tesla cash reserves now negligible and no end in sight to competition from more established automakers, investors have been showing less and less interest in buying into Tesla stock. When evaluating a potential investment for your portfolio or retirement savings plan, you want to know that your money will be invested wisely for future return. The following are some key reasons why you should consider investing in Tesla stock…
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10 Reasons Why Tesla Stock Will Reach $1,000
Tesla Semi unveil
Tesla CEO Elon Musk teased a reveal of the Tsla Semi last April. The reveal was supposed to take place in Oct but was delayed. The reveal is now scheduled for November 17, 2017. Musk previously said that the unveil event will cover “a serious departure from current practices.” He also said that he hopes that “this will result in a few people changing their mind about staying with the truck.” If Tsla packs some major features into the Tesla Semi, it could have a major positive impact on the automaker’s stock price. Since Tesla Semi’s reveal is now just a few weeks away, we think that it is a good idea to start getting ready for it. We will be providing comprehensive coverage of the event and will hopefully be able to shed some light on what the Tesla Semi could stand for.
SEC approval for stock swap
Tsla stock: Tesla and SolarCity agreed to the stock swap in early September. Under the terms of the agreement, Tesla shareholders will be given 0.565 SolarCity shares for each Tesla share they own. The transaction is expected to close in mid-December. If everything goes as planned, Tesla stock will be swapped for SolarCity shares, and shareholders will receive shares of both companies. The stock swap could prove to be a catalyst for Tesla’s stock price. We say this because it could end up attracting a lot of attention from institutional investors. Such investors could end up driving the price of Tesla stock higher.
Tesla and Volkswagen partnership
In late October, Tesla announced that it was partnering with Volkswagen to produce the all-electric SUV that the German automaker has been developing. The partnership comes with a few expected benefits for Tsla’s stock price. First, it would give Tesla one more opportunity to prove its ability to build a high-volume vehicle. Second, it would help Tesla expand its sales channels, which would end up boosting profits. Third, it could open up new markets and boost demand for Tesla’s products. All these things could lead to a spike in Tesla’s stock price.
Teslaquila
Tesla announced plans to start selling Teslaquila in several countries in late October. The online-only product will cost $100, and it is expected to arrive on store shelves in late 2018. Tesla has said that Teslaquila is a “blend of fine aged tequila, fresh pressed agave nectar and pure Peruvian mint.” Tesla has described Teslaquila as “a perfect sipping tequila” with “a smooth, complex and slightly sweet flavor profile.” In addition to being a great mixer, Tesla has said that it can also be enjoyed on its own. Tesla has said that the tequila was “hand-crafted especially for Tesla.” All these things suggest that Teslaquila is a premium tequila, and that it could help Tesla’s stock price.
New lease and credit offering
Tsla stock: Tesla has been trying to encourage more consumers to buy its vehicles through leasing. The automaker has said that leasing is “a smart way to get a vehicle.” Tsla typically offers lease terms of between 24 months and 36 months. The company has also said that it won’t charge customers a cash buy-out fee if they decide to buy their car at the end of their lease. Both of these things speak to Tesla’s commitment to offering the best experience possible. And since Tesla is known for taking care of its customers, it could help the automaker’s stock price. Another way that Tesla could drive its stock price higher is by extending its credit offering. Tesla has said that it plans to raise up to $2 billion through the issuance of bonds, convertible bonds, and stock. This could send Tesla’s stock price soaring as investors seek to buy the newly issued shares.
Elon Musk’s SEC Settlement
Tesla and Elon Musk agreed to a settlement that required the CEO to step down as chairman of Tesla’s board of directors. Musk will also be prohibited from serving as an executive director of a public company for two years. In exchange for settling the SEC’s charges, Tesla and Musk agreed to pay a total of $20 million. Musk and Tesla agreed to pay this sum to investors who were harmed by the misleading tweets about taking Tesla private. The settlement also required Tesla to appoint two new independent directors to its board. The company chose Brad Bourn and Linda Johnson Rice.
Tesla and Daimler partnership
Tesla announced that it had signed a deal with Daimler that would allow the two companies to share autonomous car technology. In the deal, Tesla and Daimler agreed to share their respective patents and technical know-how relating to autonomous driving technology. Tesla and Daimler also agreed to co-fund research and development on autonomous driving technologies and to work together to ensure that all players involved in this space adhere to common safety standards.
Bottom line
Tsla stock: Tesla has come a long way from its first model, the Roadster. With Model 3 demand growing rapidly, the automaker has a lot to look forward to in the coming months and years. There are a lot of catalysts that could help Tesla’s stock price reach new heights in the near future. Assuming at least one of these scenarios plays out, investors will be richly rewarded if they stick with the electric car manufacturer through its final stages of transformation.
BusinessHAB