Tesla has risen consecutively, with a cumulative increase of 30% in the past month. Musk is still not satisfied and has issued a stern warning to the shorts.
On July 2, local time, Musk responded to the view of "shorting Tesla" on Twitter.
Once Tesla completely solves the problem of self-driving and mass-produces the Optimus robot, anyone who still holds a short position will be eliminated, even Bill Gates.
In recent years, Tesla has attracted a large number of short sellers. Shorts have always believed that the company is on the brink of financial ruin and that Tesla is a fraudulent company that has been lying about its finances for years, causing total losses of billions of dollars. Musk has always been strongly opposed to shorts, even stating that this way of making money by bankrupting companies violates investment principles.
On the news front, Robotaxi Day is approaching on August 8th. Tesla is taking the last few steps towards achieving autonomous driving. At that time, it will showcase Full Self-Driving (FSD) and the vision of autonomous driving to the public in a dedicated event.
Musk has previously stated that Tesla's long-term value will be driven by AI and robots, but this value has not yet been fully realized.
Thanks to the positive effects of Robotaxi Day news and better-than-expected quarterly delivery data, Tesla surged 10% overnight, rising for six consecutive days, the longest in about a year, and accumulating more than 26.6% during this period. Tesla's stock has soared more than 1,300% in the past five years.
Tesla's "magic" is back? Call for a value of $400.
Wedbush analyst Dan Ives is also optimistic, raising Tesla's target price for the next 12 months from $275 to $300 and predicting that the stock will reach $400 by 2025, doubling the current stock price.
Dan Ives said:
The second-quarter delivery volume exceeded expectations, marking a "major turning point" for the company, as we believe that the electric vehicle demand story will begin to return to the disruptive technology sector before the historic Robotaxi Day arrives on August 8.
Dan Ives also believes that Tesla's position as a participant in the AI market is underestimated, which is expected to be emphasized on the upcoming Robotaxi Day on August 8, when Tesla will announce its vision for full self-driving (FSD) and autonomous driving in the future. This event is seen as a potential catalyst and historic moment for Tesla's growth story.
We believe that the vision of autonomous driving and FSD is the key to Tesla's valuation exceeding $1 trillion, and the latest FSD v12.4 that has just started to be pushed and the ongoing FSD testing in China are considered turning points.
Analysts at industrial securities also issued a report recently reiterating that they recommend holding Tesla's stock and maintaining a target price of $280. They believe that the demand for electric vehicles in the future will mainly come from China, and Tesla's future market value mainly comes from the realization of autonomous driving and the growth of the energy storage market.
Editor/ping