Elon Musk's Latest Dance Moves Could Be Predictive of a Much Higher Price Target for Tesla (TSLA) - Analyst

March 23, 2022 1:45 PM EDT
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Price: $881.89 -2.94%

Rating Summary:
    29 Buy, 18 Hold, 11 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 15 | New: 12
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After trading higher earlier today, Tesla's (NASDAQ: TSLA) shares are treading water mid-day. However, if you pay attention to one analyst, the stock could be going much higher based on something CEO Elon Musk did recently in Germany at the opening of Giga Berlin... The Elon Magical Dance.

Global Equities Research analyst Trip Chowdhry highlights that Musk did his Magical Dance at the Giga Factory Shanghai on January 7, 2020. At that time, the stock was at around $115.

Elon did the same dance at Giga Berlin on March 22, 2022, with the stock at $990.

That has Trip asking if Tesla's stock can rise another 10x. According to the analyst:

  • TSLA Stock Price = Function (Number of GigaFactories)
  • More GigaFactories creates a Step-up in TSLA's Business

The Giga Shanghai clip is here:

The Giga Berlin clip is here:

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Tesla, Trip Chowdhry