Tesla Catalysts
Tesla has numerous catalysts headed into 2023, according to Gary Black, managing partner of the Future Fund. Gary has long been a supporter of Elon Musk and Tesla. Here are his catalysts:
1/ TSLA 4Q delivs/EPS Jan
Elon Musk has stated that Tesla is going to have an epic Q4, 2022. As such, Tesla offered a $7,500 discount on all its vehicles - yes ALL of them before the end of the year. That means the Model S, Model X, Model Y, and Model 3. Tesla is trying to get its inventory at or near 0. This will bode well for Q4, 2022 earnings and I think Tesla will surprise on the upside with deliveries, production, and earnings.
2/ $7,500 EV credit into effect Jan
Tesla's $7,500 discount ends tomorrow, however, that doesn't mean there won't be anymore discounts. The IRA tax credit goes into effect tomorrow, and that means buyers of Tesla and other EVs will be able to claim $7,500 on their taxes when they file them in 2024. This is a big deal and will increase demand.
3/ FSD V11 beta wide release Jan
FSD is finally going to wide release and this most likely will happen in January, 2023. This is close to Elon Musk's timeline where he said by December, 2022, it would be in wide release for anyone to use, regardless of Tesla safety score.
4/ Megapack revs/profits 1Q
A sleeping giant is Tesla Megapack. Most people aren't including Tesla Energy as a catalysts for 2023, but with the data from Lathrop and the huge backlog, along with what we see the Megapack selling for, we think Tesla will make billions in 2023 just from Megapack alone.
5/ TWTR CEO announcement 1Q
Elon Musk should announce a new Twitter CEO in Q1, 2023. This will help ease investor concerns that Tesla doesn't have its CEO who is distracted with Twitter. Its unknown who Elon Musk will pick as CEO, but even Mr. Beast, the YouTube sensation, has said he would do it.
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Remaining Tesla Catalysts
6/ New gigas 1Q
Ther will be new gigafactory announcements in Q1, 2023, and we think the two locations for these will be Mexico and South Korea. Tesla is going to need to expand its gigafactory footprint in order to keep growing at 50% pear year. Some of these gigafactories should be dedicated to Megapack.
7/ TSLA $10B buyback 1Q
With Tesla's shares taking a significant hit, it makes sense for Tesla to start buying back its stock. Once its known what kind of economic environment we are in, Elon Musk has stated that Tesla will buy back shares.
8/ Cytruck launch mid-FY’23
Tesla is also going to launch the Cybertruck next year - it could be the middle of the year, but most likely, it's going to be toward the end of the year as this is a completely new vehicle that Tesla has never made before. This is a one of a kind unique pickup truck EV.
9/ $30K Compact FY’24
Tesla is going to need to make its compact vehicle, which some say will be $20,000 and not $30,000. Regardless, this vehicle will be needed for Tesla to increase their production and delivery volume. Elon Musk has stated that the compact vehicle will outsell all other vehicles combined.
What do you think of these Tesla catalysts? Are there any more that Gary missed?
In Related News: Tesla Model Y to Lead European Car Market
$TSLA catalysts - 12/311/ TSLA 4Q delivs/EPS Jan2/ $7,500 EV credit into effect Jan3/ FSD V11 beta wide release Jan4/ Megapack revs/profits 1Q5/ TWTR CEO announcement 1Q6/ New gigas 1Q7/ TSLA $10B buyback 1Q8/ Cytruck launch mid-FY’239/ $30K Compact FY’24$400 PT 6-12 mo— Gary Black (@garyblack00) December 31, 2022
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Jeremy Johnson is a Tesla investor and supporter. He first invested in Tesla in 2017 after years of following Elon Musk and admiring his work ethic and intelligence. Since then, he's become a Tesla bull, covering anything about Tesla he can find, while also dabbling in other electric vehicle companies. Jeremy covers Tesla developments at Torque News. You can follow him on Twitter or LinkedIn to stay in touch and follow his Tesla news coverage on Torque News.