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As Tesla Stock Hits 1-Month High, Analyst Gary Black Lists 6 Key Catalysts That Drove This Week's Rally

2023-05-20 8 Dailymotion

CEO Elon Musk's view that auto gross margin will likely bottom in the second quarter.<br /><br />Likelihood of Musk shifting his focus on Tesla with Linda Yaccarino assuming the role of CEO at Twitter.<br /><br />Two next-gen vehicles, potentially priced at $25,000 to $30,000, rolling out by late 2024, with the demand potential at about five million units.<br /><br />Cybertruck on track for commercial launch by the fourth quarter, with a unit potential of over 250,000 in 2024.<br /><br />Tesla hinting at advertising on a small scale, which will likely accelerate EV adoption without having to rely on price cuts.<br /><br />Investors' view Tesla is the next artificial intelligence play, with the total addressable market opportunity for the Optimus bot likely at $5 trillion to $10 trillion, based on the forecast of 5,000 to 10,000 units.

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