Musk Hints Tesla May Build Smartphone If Necessary
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: stocktwits
- Smartphone Development Possibility: Musk stated during a podcast that Tesla could build a smartphone if necessary, particularly if companies like Apple and Google engage in problematic practices, indicating Tesla's adaptability and competitive strategy in the tech market.
- Starlink Network Advantage: SpaceX's Starlink network is the largest 4G coverage provider globally, with over 12 million users relying on its services, which not only enhances SpaceX's market position but also provides robust network support for any future smartphone products.
- Potential Merger Negotiations: Reports indicate that SpaceX is in talks to merge with Musk's AI company xAI, although specific valuation and timing details remain undisclosed; this move could pave the way for SpaceX's initial public offering, strengthening its capital base.
- Market Sentiment Shift: Retail sentiment on Stocktwits shows SpaceX in a 'neutral' territory, while Tesla's sentiment has dropped from 'bearish' to 'extremely bearish', reflecting investor concerns about Tesla's future performance, despite its shares gaining nearly 3% over the past 12 months.
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Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSLA is 401.93 USD with a low forecast of 25.28 USD and a high forecast of 600.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 431.460
Low
25.28
Averages
401.93
High
600.00
Current: 431.460
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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