• News
    • Stocks
    • Banks and Finance
    • Companies
    • Crypto
    • Forex
  • Videos
  • Articles
    • Forex CRM
    • Crypto Payments
    • Trading
    • Crypto Exchange Business
    • Forex Business
    • Fintech
    • Liquidity
    • FinTech Awards
  • Liquidity Providers List
  • Crypto Payment Providers

Dark Theme

Tesla Is a Goldman Sachs Top Pick for 2022. The Stock Is Dropping Anyway

Jan 10, 2022

Tesla Is a Goldman Sachs Top Pick for 2022. The Stock Is Dropping Anyway

Wall Street is becoming more upbeat on Tesla shares, but the increased confidence among analysts hasn't been enough to boost the price, given investor concerns about increasing interest rates.

Goldman Sachs analyst Mark Delaney raised his price objective for Tesla shares from $1,125 to $1,200 on Sunday while retaining a Buy rating. Tesla was also deemed a high pick for 2022 by Delaney.

Delaney believes Tesla is the market leader in electric vehicles and that the electric vehicle trend will intensify in 2022.

And the industry's tendencies look to be beneficial. In China, EVs' percentage of new-car sales hit 20% in 2021, while the ratio is already far above 10% in Europe. Although electric vehicle penetration in the United States is only approximately 3% of new vehicle sales, additional EV models are entering the market this year, including pickup trucks like the Ford Motor (F) F-150 Lightning, Rivian Automotive (RIVN) R1T, and, of course, the Tesla Cybertruck.

However, price targets do not necessarily have the same impact as changes in analysts' stock ratings, and the long-term headwinds facing growth stocks, in general, are strong at present.

Tesla stock was down 3.6 percent in early trade, as worries of increasing interest rates continued to batter high-growth stocks. The Nasdaq Composite was down 1.7 percent just after the opening, while the S&P 500 and Dow Jones Industrial Average were down 1.1 percent and 0.6 percent, respectively.

Increased rates are more harmful to highly valued growth stocks than to others, as these corporations are projected to generate the majority of their earnings and cash flow far in the future. The more rates go up, the less cash is worth in today's terms, and the fewer investors may be ready to pay for those equities.

A second issue, which Delaney pointed out, is that EV sales won't grow as A second difficulty, Delaney noted, is that EV sales will not expand at the rate he anticipates. That is a basic danger that the EV business will always face.

Delaney, meanwhile, remains a Tesla bull. Overall, 45% of analysts rank Tesla shares as Buy, while the middle edge of the Buy-rating ratio for stocks in the S&P 500 is about 55%.

Analysts' average price prediction for Tesla is around $913 per share. This is an increase from around $662 three months ago, although it is still roughly 10% below where the stock is trading. Wall Street's average price estimates generally predict gains of around 10% for equities in the S&P 500.

Tesla's shares were down approximately 3% year to date, heading into Monday. Concerns about rising interest rates have totally erased the 13% gain achieved on the first trading day of the year, after Tesla's release of fourth-quarter delivery data that were far better than expected.

Subscribe Our Newsletter

Omicron Fears Ignite Market Selloff Just As Traders Clear Books
Omicron Fears Ignite Market Selloff Just As Traders Clear Books

The potential of new COVID-19 restrictions jolted investors around the globe just as the trading year was nearing its end.

Stocks
Insider News: Samsung Elec To Join Renewables Pledge As S.Korea Shifts Gears On Green Energy
Insider News: Samsung Elec To Join Renewables Pledge As S.Korea Shifts Gears On Green Energy

According to the source, RE100 will be incorporated into the climate targets soon after the new administration takes office. Because of the delicate nature of the matter, the source requested anonymity.

Companies
Constantine

5 Most Successful FinTech Industry Startups in 2022
The financial services industry is undergoing a paradigm shift as a result of technological advancements, which are actively displacing traditional players and traditional business models. Significant changes are achieved through the integration of new financial solutions, reduction in the cost of certain functions, improvement in efficiency and quality of business, and a positive impact on the sustainability of core business development.

discover
How to Accept Crypto Payments as a Business

Oliver

How to Accept Crypto Payments as a Business

During COVID-19 pandemic, global cryptocurrency usage reached an astonishing half a billion users. Due to this fact, many businesses, entrepreneurs, and even major institutions have begun to explore how to accept cryptocurrency payments.

Crypto Payments

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Tamta

    What Is Crypto Arbitrage Trading?

    https://liquidity-provider.com/app/uploads/2023/06/cover-1-800x540.jpg

    Tamta

    Guide to Craiyon: How To Use a New DALL-E Mini

    https://liquidity-provider.com/app/uploads/2023/06/cover-5-800x540.jpg

    Tamta

    Credit Cards vs. Debit Cards

    https://liquidity-provider.com/app/uploads/2023/06/cover-800x540.jpg

    Tamta

    Investing In Private Equity: What Should You Know?

    https://liquidity-provider.com/app/uploads/2023/05/cover-7-800x540.jpg

    Tamta

    What is Data Analytics? Techniques, Tools, Methodology, and More

    https://liquidity-provider.com/app/uploads/2023/05/cover-6-800x540.jpg

    Tamta

    Bitcoin Halving is Coming: What Does it Mean for the Crypto Market?

    https://liquidity-provider.com/app/uploads/2023/05/cover-4-800x540.jpg

    Tamta

    Crypto Token Supply From A to Z

    https://liquidity-provider.com/app/uploads/2023/05/cover-3-800x540.jpg

    Tamta

    What Is ChatGPT, And How Can You Use It?

    https://liquidity-provider.com/app/uploads/2023/05/cover-2-800x540.jpg

    Anton

    Trading on Autopilot: The Rise of Crypto Trading Bots

    https://liquidity-provider.com/app/uploads/2023/05/cover-1-800x540.jpg

    Tamta

    Crypto Investing vs. Crypto Trading: What’s The Difference?

    https://liquidity-provider.com/app/uploads/2023/04/cover-5-800x540.jpg

    Tamta

    Understanding Indexed Universal Life Insurance (IUL)

    https://liquidity-provider.com/app/uploads/2023/04/cover-4-800x540.jpg

    Tamta

    Best Investment Strategies For Beginners

    https://liquidity-provider.com/app/uploads/2023/04/image1-800x540.jpg

    Tamta

    Understanding Perpetual Futures: How Do They Work?

    https://liquidity-provider.com/app/uploads/2023/04/cover-3-800x540.jpg

    Tamta

    What Is A Bitcoin Stock-To-Flow Model? Beginner’s Guide

    https://liquidity-provider.com/app/uploads/2023/04/cover-2-800x540.jpg

    Tamta

    Best Decentralized Crypto Exchanges In 2023

    https://liquidity-provider.com/app/uploads/2023/04/cover-1-800x540.jpg

    Tatma

    Best High-Yield Savings Accounts For March 2023

    https://liquidity-provider.com/app/uploads/2023/04/cover-800x540.jpg

    Tamta

    Crypto Trading For Beginners

    https://liquidity-provider.com/app/uploads/2023/03/cover-8-800x540.jpg

    Tamta

    How To Make Money With Cryptocurrency

    https://liquidity-provider.com/app/uploads/2023/03/cover-7-800x540.jpg

    Tamta

    What Is A Candlestick Chart?

    https://liquidity-provider.com/app/uploads/2023/03/cover-6-800x540.jpg

    Constantine

    White Label Forex Software — Ultimate Guide on How to Choose The Best Industry Solution

    https://liquidity-provider.com/app/uploads/2023/03/cover-3-300x203.jpg

    Tamta

    Forex Trading: A Beginner’s Guide

    https://liquidity-provider.com/app/uploads/2023/03/cover-2-300x203.jpg

    Tamta

    How to Create a Cryptocurrency

    https://liquidity-provider.com/app/uploads/2023/03/cover-1-1-800x540.jpg

    Tamta

    Top Ten Richest People In The World, 2023

    https://liquidity-provider.com/app/uploads/2023/03/cover-4-1-300x203.jpg

    Constantine

    What’s at Stake? Here’s How to Avoid Scam Tokens

    https://liquidity-provider.com/app/uploads/2023/03/cover-5-300x203.jpg
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
    • Articles
      • Forex CRM
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy