Tesla 2023

VicBee said:
Breaking the tedious Musk bashing for something more fun...

https://finbold.com/chatgpt-predicts-tesla-stock-price-for-start-of-2024/

ChatGPT predicts Tesla stock price for start of 2024
Andreja Stojanovic
Nov 13, 2023

Tesla (NASDAQ: TSLA) has been in a bit of a strange spot throughout 2023. On the one hand, it experienced significant growth on the stock market, rising nearly 100% since January 1. On the other hand, the broader EV has been experiencing a slowdown, prompting Tesla to start lowering prices, which, in turn, initiated a price war among electric vehicle makers.

The company’s performance on the market has also been less impressive in recent weeks – largely due to its disappointing Q3 report – and its stock declined 14.52% over the previous 30 days.

However, the EV giant made approximately 1.3 million deliveries in the first three quarters of the year and is still keeping to its target of 1.8 million for the year, unlike its competitors such as Lucid Motors (NASDAQ: LCID), which recently cut its expectation by about 20%.

As an attempt to analyze the mixed performance and figure out where Tesla might stand and the onset of 2024, Finbold decided to consult OpenAI’s flagship tool – ChatGPT – and see where it thinks TSLA stock will stand on January 1.

According to ChatGPT, Tesla is likely to stand somewhere between $180 and $280 on January 1, 2024. Considering that it is a rather wide range, the artificial intelligence (AI) also laid out three possible scenarios and offered tighter estimates for each of them.

Three likely ranges for TSLA on January 1, 2024.
Source: Finbold and ChatGPT

The first variant places an emphasis on the most recent numbers for Tesla and sets its price between $180 and $200. ChatGPT believes that the downtrend seen over the previous months might just be strong enough to further suppress the EV maker’s stock market price through November and December.

On the other hand, it estimates that it is more likely that, despite the downtrend, Tesla’s fairly strong year-to-date performance will offer enough support to its shares and keep them between $210 and $230 by the New Year.

Finally, ChatGPT also sees the potential for Tesla to break out in the coming months. According to the AI, Tesla’s strong long-term performance, as well as its demonstrated ability to react to market challenges, gives room for optimism and could still see the stock soar to between $240 and $260.

When asked to assess which of the three scenarios is the most plausible, ChatGPT decided to play things safe and hinted that the middle option – the one that could see Tesla stand as high as $230 on January 1 – is the best bet.

ChatGPT analyzes recent news from India
While factoring in the news on the possible production of a €25,000 model in Tesla’s German plant in its original assessment, ChatGPT created a separate analysis for the updates on the possible future of the EV maker’s planned plant in India.

The government of India is prepared to accept Tesla’s request to significantly lower its tariffs on EVs, according to a Financial Times report from November 13.

Currently, the tariffs are as high as 70% for cars costing less than $40,000 and go up to 100% for models above the price point. The request was made as a part of Tesla’s plans to open a plant in the country and start expanding in India’s fledgling EV market.

Still, even with the slashed tariffs, Tesla is likely to face an uphill battle as currently, the highest demand in the country is for two-wheeled electric vehicles and not the more expensive cars that Musk’s EV maker is known for.

Accordingly, ChatGPT assessed that should investors see a real possibility for Tesla to significantly expand in India, its stock price might stand as high as $280 at the start of 2024. The AI also stated that – if an agreement is indeed reached – the lower estimate would also increase to between $200 and $220.


TSLA price ranges should an agreement with India be reached. Source: Finbold and ChatGPT
Tesla price analysis
Wherever TSLA may stand on January 1, it is currently worth $214.65, meaning it had risen 2.22% on its last trading day. Additionally, Tesla shares have been on a slight uptrend throughout the extended hours, and their price has increased by another 0.42% by the time of publication.

TSLA 1-day price chart. Source: Finbold
A broader picture of EV maker’s market performance is somewhat different. Since October, Tesla has been falling sharply and dropped by 14.52% over the previous month. On the other hand, the stock has been rising significantly throughout much of 2023 and is up 98.57% year-to-date (YTD).
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Yes, chatGPT.

I asked "him" what stocks have the greatest potential and the answer came back something like this: My latest data is from Jan 2022, I have no idea how things are beyond that date. Do your own research.....
 
SunTrader said:
Yup and all the rest including the Auto Bailouts.

But none of those folks bash others for doing it, and then join them.

Like GHWB's infamous "watch my lips".

LLLLLol with the nice pill pooping sentiment. Hate unions and their middle class workers much. You do know that people of color make up a majority of auto union folks nowadays, but us white people are more likely to live in trailer parks.
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only richies get to use leverage. Labor or gov tries it and it's "market distortion".
 
Like "Free Speech" Musk/X.

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REUTERS/Carlos Barria

The European Commission and the tech giant IBM stopped advertising on X. The moves were ostensibly unrelated to recent criticism of the platform’s owner Elon Musk for appearing to endorse antisemitic posts, but piled further pressure on the company, which has seen its ad revenue plummet, according to Reuters. The IBM decision followed a watchdog report which found corporate adverts being placed alongside content promoting Adolf Hitler and the Nazi Party, while the European Commission’s move was designed “to avoid risks of reputational damage,” it said, according to Politico. The challenges facing X could also impact Musk’s other businesses: A Tesla investor told Bloomberg she was “appalled” by Musk’s latest remarks, and warned his “behavior has the power to tarnish [Tesla’s] brand long-term.”
 
Musk:The strength and the weakness.

The cascading conflagration prompted Tesla Inc. TSLA, +0.30% bull and investment adviser Ross Gerber to grumble on X: “Getting a flood of messages from clients wanting out of tesla and anything to do with Elon Musk. Many saying they are selling their cars as well. What is he doing to the tesla brand??!!?!?”

Earlier this year, Gerber backed down from his “friendly activist” efforts to join Tesla’s board, saying he felt his concerns had been addressed. His firm, Gerber Kawasaki Wealth and Investment Management, has its own ETF, AdvisorShares Gerber Kawasaki GK, which has Tesla as its top investment, and has attracted many clients with Tesla shares in its portfolios

In an interview on CNBC late Thursday, Gerber said that while he is not selling his Tesla stock, ” I’m not going to mince words about it anymore as a shareholder. It’s absolutely outrageous, his behavior and the damage he’s caused to the brand.”

Gerber said Musk has essentially abdicated his responsibilities as Tesla CEO: “It’s all about Twitter, and what he can tweet, and how many people he can piss off… What’s going to happen to Tesla over the next 10 years, are they gonna achieve their mission if the CEO isn’t actually the CEO? Because he’s certainly not acting as the CEO of Tesla.”
 
Very difficult to defend Musk, even if his comment and the reaction are ridiculous. I'm in the Gerber and Black camp. My support is for the company and I believe Tesla doesn't need Elon Musk as its CEO. I've said many times on this forum that freedom of speech has a price, the first of which is the removal of anonymity and the 2nd being to assume consequences for the spoken words. I support yet dislike Musk's interventions on X. As Tesla's CEO he has a fiduciary duty to the board and shareholders not to devalue the company's name and brand. He regularly fails to uphold his duty and I think he should be removed from his role as CEO. Let him be Chairman or whatever. Tesla will do just fine without him.
 
IMO those who might be averse to buying a Tesla now or in the future, or keep one they already own, won't be swayed by Musk just moving over to Chairman.

So if that is the case and he'll never muzzle himself for the sake of the company, it would take stepping away completely to help at all.
 
VicBee said:
Very difficult to defend Musk, even if his comment and the reaction are ridiculous. I'm in the Gerber and Black camp. My support is for the company and I believe Tesla doesn't need Elon Musk as its CEO. I've said many times on this forum that freedom of speech has a price, the first of which is the removal of anonymity and the 2nd being to assume consequences for the spoken words. I support yet dislike Musk's interventions on X. As Tesla's CEO he has a fiduciary duty to the board and shareholders not to devalue the company's name and brand. He regularly fails to uphold his duty and I think he should be removed from his role as CEO. Let him be Chairman or whatever. Tesla will do just fine without him.
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Musk is another Hughes.

Like Howard Hughes and his company, Hughes Aircraft.
 
VicBee said:
Musk is achieving far more than Hughes, but they seem similar in their mental instability.
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Ahhhhh.... you need to read up on Howard Hughes. I wouldn't say "far more". The similarities between the two are remarkable. Hughes Aircraft had a lot of firsts. Hughes Medical was all about biotech engineering early on. Obviously the film and entertainment industry ---(think TWTR). Lots and lots of stuff. He was a visionary, and controversial... just like Elon.

Regarding mental stability... Elon is is just misunderstood. That's trite I know, but there's no mental problems... albeit to the casual observer it might appear there is. But there's not. Is he aloof af? Absolutely; and he should strive to articulate his thoughts and words in a manner better understood by most... but the man marches to the beat of his own drums... and just like Hughes.... he doesn't care. The things he says, he says on purpose. He knows exactly how they'll be received. He's a gamesman. Most can't see that I suppose... but he is.
 
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