Tradebots bought the dip on Tesla, Inc.

Tradebots issued a buy alert on Tesla, Inc. (TSLA: NASDAQ) on 01/24/2022. We entered a long position at $862.35. Elon Musk’s company continues to show that they can execute after Tesla Delivered Almost a Million EVs Worldwide in 2021. With Giga Austin and Giga Berlin coming online soon, there’ll be more delivery growth to come while also improving their profit margin by decreasing transportation cost. When the Austin and Berlin factories come online, the production capacity would likely ramp up slowly initially. However, we have no reason to doubt the growing momentum of Tesla would slow down anytime soon.

Tesla continues to manage their supply chain carefully reducing risk of negative surprise.

  1. Tesla signs deal to source nickel for battery production from upcoming new mine in the US
  2. Tesla secures large supply of nickel from New Caledonia for battery production

We have a 1 year target of $1550.

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