Tesla (TSLA) is showing big signs of life again.
After getting hammered on Chinese lockdowns, Twitter, a potential recession, slowing sales, you name it, Tesla is accelerating again. For one, the electric vehicle boom has only just begun. Two, Tesla just reported EPS of $1.19, which beat by six cents. Better, “Demand has been the biggest question entering 2023 after recent price cuts and fear of a macro slowdown,” said Baird analysts. “Demand [is] still strong and outpacing production capacity.”
Three, soothing investor concerns, the company plans to produce about 1.8 million cars this year, up from about 1.37 million last year. Four, CEO Elon Musk added that orders were outpacing production two to one. With patience, we’d like to see TSLA test $180 again, near-term. It last traded at $160.37.