A lot of people and Tesla shareholders are upset about how the Tesla stock is doing these days and this year in general. If you are one of them, I want to tell you that there is incredible progress and developments that are currently happening at Tesla these days.
I am not a Tesla stockholder, nor am I in the stock market, but I am looking around and seeing how we can perhaps focus on the incredible progress and developments that are happening at Tesla. For example, Q4 should be a record for Tesla, and 2023 is expected to be a great year for Tesla because of the Giga Berlin and Giga Texas gigafactories ramping up their production and Tesla starting the Cybertruck deliveries.. Tesla blogger Sawyer Merrit notes that Tesla has a lot of pricing power and the new US EV tax credit starts in about 3 weeks. These are things that are much to be excited about, when it comes to Tesla.
Also, Tesla has been delivering the Semi trucks and hopefully the production and orders will ramp up. I am also hoping in 2023 Tesla will announce new gigafactories and an affordable electric vehicle.
Also note that Morgan Stanely said that "Tesla's gap to competition can widen in 2023." It included Tesla as one of its topi picks for 2023. While the rating of Tesla stock is overweight, Morgan Stanley says "while we see 2023 as a challenging year for the EV market categorically, we believe Tesla's gap to competition can widen."
Yes, it will widen, but keep in mind that in 2023 Tesla's car business will have increased competition as well.
Armen Hareyan is the founder and the Editor in Chief of Torque News. He founded TorqueNews.com in 2010, which since then has been publishing expert news and analysis about the automotive industry. He can be reached at Torque News Twitter, Facebok, Linkedin and Youtube.