Tesla Stock Outlook For 2019 & Beyond

What will 2019 hold for Elon Musk and Tesla?


Tesla stock price increased by 5.6 percent in the trading period after the electric car company announced that Larry Ellison would be joining the company’s ranks. Larry Ellison is the co-founder of oracle. Not to mention, Kathleen Wilson-Thompson will also be joining Tesla’s board.

Ellison is the fifth most wealthiest person in the United States, according to Forbes. Tesla reported that Ellison and Wilson-Thompson had joined the company on Thursday. Ellison is still the executive chairman of Oracle, which is one of the largest software companies in the US. Eillson is the head of human resources at Walgreens Boots Alliance WBA, which is the largest pharmacy company in North America.

A Look At Tesla Stock In 2018

Tesla stock (NASDAQ: TSLA) is finishing off 2018 posting a small loss, with analysts expecting to see a strong 2019.

So what was Tesla in the news for this year?

Funding Secured & The SEC

Starting from the most notable was Elon Musk’s run in with the SEC, which ties in with the hiring of the new two latest board members. Tesla has added these two new executives to the board as part of the company’s settlement with the SEC, which previously sued Elon Musk for his claims of taking Tesla private. The settlement with the SEC also meant that Musk had to step down as chairman of Tesla and cannot resume his position for another three years. This news sent Tesla share price down once Musk’s step-down went public. Arguably the largest consequence to Musk’s tweets is that Tesla had to pay a $20 million fine.

Elon Musk & The Joe Rogan Podcast

Secondly, Elon musk was put under scrutiny even further after smoking pot on the Joe Rogan Podcast. Shareholders didn’t take well to Musk’s antics on the podcast and Tesla stock price fell by nearly 9% as a result. Despite the rollercoaster year of Tesla vehicle sales, the headlines surrounding the company and founder had almost overshadowed vehicle performance.

Tesla Stock Outlook For 2019

Musk will be met with some challenges in 2019 that weren’t so prevalent this year. Economic growth slowdown will be a major factor that global manufacturers will be impacted by in the next 12-months. Along with the 2020 national election, political unrest could send the US vehicle market into a downwards spiral, which would cause Tesla stock to slide.

In January Tesla will be reporting its fourth quarter earnings and full-year delivery numbers. Analysts expect the Model 3 to post strong delivery metrics at around 200,000 Model 3 units delivered. Shareholders and analysts alike have been concerned about TSLA’s production numbers, this steady growth in delivered vehicles will boost investor confidence. This means that January may see TSLA stock price make healthy gains if delivery numbers meet expectations.

Another notable event in Tesla’s 2019 timeline is the construction of the new Shanghai factory. Construction for Tesla’s Chinese factory has already started, but to finish the project Tesla will need to borrow a few billion more. The increase in vehicle production that the Shanghai facility will help facilitate will have a positive impact on TSLA share price.

When asking the question is Tesla stock a buy? The average analyst says yes.

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