Tesla Surging Momentum Is At The Expense Of Legacy Auto

The funny thing about momentum is, once you have it, it's hard for some to take it away.

Tesla is winning the World's conversion to EVs

Tesla has gained a great deal of momentum at the expense of legacy auto, who have languished in suboptimal EV manufacturing. Legacy auto is also reluctant to see that the mindset of consumers are shifting very quickly to Tesla as their best option for their next car purchase. This post will explore some of the tell tall signs, that show the momentum gains Tesla has captured so far this year.

Dan Ives raises the price target for Tesla and RBC Capital analyst Joseph Spak just raised his price target on TSLA to $223 (from $186). They both see momentum.

Source: Dan Ives Twitter account , Managing Director Webush Securities.

Here's more momentum observations from Dan Ives.

Dan Ives has also indicated that a survey taken in China indicates that 3 out of 4 EV buyers in China now want to buy a Tesla. Dan believes that this shift in buyers was the result of the price cuts that Tesla made in China. Dan also believes Tesla is now trending above its projection to deliver 1.8 million vehicles worldwide in 2023. This is Momentum.

"Dan Ives said: The global EV giant saw 8,643 insurance registrations in China for the week of Jan. 30-Feb. 5, a 157% increase from the 3,356 registrations two weeks ago...While China demand was a headwind for Tesla in 4Q with the lockdown and macro uncertainty, we are now seeing a noticeable turnaround for Chinese EV buyers favoring Tesla vs. domestic players."

Take a look at this Tesla momentum in Europe, especially in the UK - WOW!

Source: Alex Avoigt Twitter account

With a continue build-up of momentum, and the ramp-up of Gigafactory Berlin, It wont be too long before Tesla becomes the number one selling Brand in Europe.

Source: Alex Avoigt Twitter account

See the huge Sales momentum in Europe. This bodes well for Tesla this year.

Source: Rolend Pircher Twitter account

Globally, Tesla is tops EV sales, and its momentum will take it even higher in 2023

Tesla price cuts ignites Model Y Sales

Take a look at the following chart, that shows available Inventory for the

Tesla Model Y decreasing significantly to low levels close to zero. This is

a clear momentum signal of Tesla popularity, and in turn sales.

Tesla raised prices to manage the Model Y robust sales in January

In order for Tesla to manage inventory advantageously, they will most likely

have to continue to raise Tesla Model Y prices. Very good Momentum indeed.

"[As] Tesla raised Model Y's [prices] roughly $1,500 with the $55k cap no longer in play and ultimately based on robust demand (2x production levels) we could see some modest price increases over the coming months that gives more flexibility to Tesla with the tax credit now set,” Wedbush Analyst Dan Ives said in a note today."

This chart shows overall Inventory is way down for all the Tesla EV

models as well. The sales surge will help create margin momentum.

I agree with Dan Ives. the new Tesla Model Y cap of $80K is a big momentum lever.

"With Friday's move by the Biden Administration to change the definition of EVs classified under the $80k SUV cap, this now gives Tesla another lever with the Model Y," said Ives."

Gary Black lays out the Tesla catalysts that will continue the momentum in 2023.

Source: Gary Black's Twitter

Dan Ives points out something important. Twitter has stabilized, and that matters.

"We believe with Twitter itself starting to stabilize more from an advertising perspective along with cost-cutting kicking in, the worries around Musk needing to sell more Tesla stock to fund Twitter losses has moved into the background," said Ives"

Tesla has gained overall auto market Share

Farzad Mesbahi discloses Tesla market share momentum and future areas ripe for the taking. Tesla will continue its march to becoming number one in Auto sales.

Source: Farzad Mesbahi twitter account

FSD will fuel Tesla margin momentum

Through mid-September, it had taken Tesla 8 months to accumulate 40m miles on FSD Beta - by year-end it was shortened to 3.5 months. This is awesome growth, that will spur momentum higher for Tesla margins, and bottom-line.

Sorce: The Accountent Twitter

As Tesla FSD continues its growth, it will help the positive momentum for its margins.

Source: Farzad Mesbahi twitter account

Take a look at the FSD Beta graph in motion at Sawyer Merritt twitter account.

CNBC's Jim Cramer Feels The Tesla Momentum

Jim Cramer admits Tesla is a better stock to own even though his charitable trust owns Ford. Now if that's not a big tell for Tesla momentum, I don't know what is.