13.03.2020 Tesla Daily Analysis

13.03.2020 Tesla Daily Analysis

Just like the rest of the stock market this week Tesla has had a rough week losing more than 8% of its stock value. However, one thing stands out about this particular company- the fact that in spite of the bear run in the market the stock didn't crash. Many speculators were of the opinion that the stock would crash and termed the stock as a bubble that would burst within no time. The coronavirus issue has been declared a global pandemic yet the company is still out there preparing deliveries for it's model Y vehicles and even looking for another gigafactory location just when it established it's presence in Europe(Giga Berlin). Now this can be called optimism but it isn't, this just shows that the company has solid measures put in place and is looking beyond it's nose. The company's CEO Elon Musk recently in an interview said that the coronavirus has been blown out of proportion. The stock is currently going for $558.60 which is slightly up from where it closed yesterday at $554. Morgan stanley Chief analyst Jonas feels that the delivery target for this quarter will go down to 465000 instead of the 500000 Tesla had predicted before due to delays in production. But with Tesla now back in full production things will head where they should head.