NMS Investment Research

  Tesla stock skyrocketed over 20% this week, to close at $269.19 per share, after CEO Elon Musk said during their Q3 earnings call on Wednesday that his "best guess" is that "vehicle growth" will reach 20% to 30% next year, citing "lower cost vehicles" and "advent of autonomy". Wall Street was expecting about 15% growth in 2025. Be aware that Musk also said it no longer makes sense to launch an affordable regular model when Tesla is planning to launch the self-driving Cybercab with a starting price below $30,000. The later statement implied that there's no $25,000 Model 2 on the way. I might be wrong, though. The stock is now stuck at trendline resistances. The next resistance is $298.15 if $TSLA can manage to break out. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update !