Will the upcoming release of Tesla’s Model Q boost the stock price?





Called Model 2 or Model Q for the moment, Tesla’s entry-level electric car is still far from the commercialization stage. However, the design of the vehicle would already be completed in China and a Chinese netizen also reports that the pre-production test should take place by the end of the year.

It’s likely to be a fully self-driving car, which assumes it’s not due for release for another few years. Tesla has not yet fully mastered the technology of autonomous driving. The company is currently at level 2 where it is experiencing difficulties while the objective is to reach level 4.

Tesla is the world’s most valuable automaker with a market capitalization of nearly $1 trillion. It is an automotive and energy group based in the United States. Its stock is very popular and is among the most traded in the world.

Tesla price (TSLA): what is the current price?

Here’s Tesla’s live course.

What is Tesla? What you need to know

Tesla is best known for its electric cars (EVs). But it is also a manufacturer of batteries, solar panels and the design of energy storage solutions.

After the launch of the Tesla Roadster, the world’s first electric sports vehicle, in 2008, Tesla gained notoriety. The Model S, a sedan, followed the Roadster and became the second best-selling plug-in electric vehicle in the world, behind the Nissan Leaf.

Fully electric cars are becoming increasingly popular. There are several reasons for this, including tightening vehicle emissions requirements, technological advancements and most importantly consumer enthusiasm around EVs.

Tesla’s business strategy prioritizes the installation of charging stations. This is essentially the most significant obstacle to the widespread adoption of the group’s electric cars.

Tesla is further diversifying into energy storage devices for households and businesses.

Opinion on what is driving Tesla stock down

Tesla stock can be negatively impacted by a number of factors.

  • Concerns around the Cybertruck model
  • Opening of a legal investigation against Tesla
  • Loss of market share due to competition
  • Technical issues with its EVs

Opinion on what makes Tesla stock rise

Tesla stock can be positively impacted by a number of factors.

  • Advances in Austin and Berlin factories
  • More annual EV sales
  • Encouraging tweets from Elon Musk
  • Announcing a new EV model

Conclusion of our opinion on Tesla: is it a good investment?

  • Tesla Mirror Mag Rating: 9/10

Be vigilant and consult your financial adviser before making any investment decision. Mirror-Mag cannot be held responsible in the event of bad investments. Before using any third-party service, you should do your own research.

Mid-term Tesla stock opinion

Tesla shares fell well at the start of 2022, this is a good opportunity to position yourself on the pullback while waiting to target its all-time highs.

Long-term Tesla stock opinion

Tesla is the leader of an industry in full transformation. Its stock would reach $1,500 by 2024 according to an analysis by Baron.

Be vigilant and consult your financial adviser before making any investment decision. Mirror-Mag cannot be held responsible in the event of bad investments. Before using any third-party service, you should do your own research.

Almmaye
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