TSLA stock doesn’t have to play the “zero-sum game” posed by conventional automakers trying to keep up in the electric vehicle market, Jefferies analyst CNBC said Thursday. Billionaire Elon Musk’s car industry reported its fifth consecutive quarter of earnings on Wednesday, partially due to the selling of environmental regulatory allowances to other car manufacturers. The business also beat all the main metrics that investors were aiming for, including cash flow and gross margins.
Tesla and Piedmont Lithium have concluded a five-year deal. In this deal, Tesla will buy spodumene concentrate (SC6), which is vital for the manufacture of lithium-ion batteries. Reuters estimated that Piedmont will supply Tesla with around one-third of the 160,000 tonnes of SC6 concentrate that the company expects to manufacture annually from mines in North Carolina. Piedmont’s announcement that it and Tesla had secured a five-year contract came only after Tesla’s Battery Day event. In a statement, Piedmont claimed that the deal marked the beginning of the first order for the domestic lithium supply chain in the United States and that there were negotiations on other distribution agreements. It is not clear whether or not these talks are with Tesla, other companies, or both Tesla and other companies.
Takeaways
The interview touched on Tesla, “tea factories” and lithium. One of the main takeaways was Klein’s reflections on Tesla and whether or not he should buy mine. He listed two stocks that would probably profit and noted that Tesla would probably have negotiated a contract with one of those firms. Piedmont Lithium was his preference, but to be on the safe side, I bought two shares of both of the companies for around $5 both — and then I forgot around them.
At the time, Klein figured that Tesla might actually be buying a mine. He listed the likelihood of the Piedmont project in North Carolina and the Thacker Pass project in Nevada. He also spoke of Tesla ‘s future effect on the lithium market.
TSLA stock budget rose by 161 percent annually as the company continued to construct new mills on three continents. The development processes of Gigafactory Shanghai are currently 3 and Y, while the Gigafactory Berlin and Gigafactory Texas are produced and deployed in various stages. The corporation plans to use the cyber truck factories in Tesla Semi and Tesla in Austin
Buying pros of Tesla stock
After TSLA stock split 5-per-1 by the end of August, the investment in the firm was slightly less daunting for younger investors including new Robinhood traders as the stock was selling over 2 000 $per stake.
After an announcement of a profit for the third quarter, CFRA reaffirmed its “buy” recommendation and its 1-month price. This implies a rise in Tesla’s current trading limit. If you want to know more information relating to the income statement of TSLA, you can check at
https://www.webull.com/income-statement/nasdaq-tsla.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.
