Tesla Motors Rallies Off Key Support Level; JAT Capital Bullish on CNBC

Tesla shares are up +3% Monday after coming into the week at a key support level.  Fueling the move, aside from natural order flow, is commentary from JAT Capital who said they are long America’s Greatest Technology Company during a CNBC appearance.

Despite male hedge fund manager Whitney Tilson, who is a full fledged Hillbot, taking a bearish stance on Tesla, and despite a 150 card slideshow from @Markbspiegel littered with news clippings of piecemeal competition lingering deep in the pipeline, the $150-175 price zone has been a wall:

Also of bullish note, Trip Chowdhry was out Monday with observations on Tesla after his recent factory checks.  Chowdhry reaffirmed his $385.00 price target and issued the following talking points:

Global Equities Research analyst Trip Chowdhry says that Tesla will easily reach its Q4 delivery goals.

“Tesla can easily deliver 25,000 Tesla vehicles in 4Q’2016 – the demand continues to outstrip the production,” Chowdhry explains.

Following Global Equities regular factory checks, Chowdhry expects a 50 percent Model S and 50 percent Model X production mix for Tesla in Q4. He believes this mix will be favorable for average selling price (ASP) on the quarter.

In addition, Chowdhry estimates that more that 90 percent of recent Model S shipments had the glass roof option and 60 percent had the AutoPilot 2.0 option, both of which are good news for ASP.

He reports that recent Tesla delivery truck activity “seemed more than 2X vs. last year.”

In Q4 2015, Tesla produced 14,037 vehicles.

Everything, including the droves of naysayers, points to good times for Elon (all Praise and Glory to The Leader) and his electric future company Tesla Motors as we head into 2017.

Never underestimate the value of being a first market mover.  The old guard is chasing while the scientists and engineers at Tesla play offense.

Also, the rumor going around Detroit is that right-side drive Tesla production needs to ramp up 10x.  Developing…

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