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What Musk's 'Technoking' Title, Tesla's New Truck Exec Mean For Automaker's Tech, Bitcoin, Semi Plans

Benzinga2021-03-16

Tesla, Inc. (NASDAQ: TSLA) revealed an added title for CEO Elon Musk and a management change in two SEC filings Monday.

The Tesla Analyst: Wedbush analyst Daniel Ives has a Neutral rating on Tesla with a $950 price target.

The Tesla Thesis: The title of "Technoking of Tesla" is a hint at Musk viewing Tesla as a technology disruptor in the future, especially with robotaxis, full self-driving and massive technology advancements on the horizon, Ives said in a note.

The new title of "Master of Coin" given to CFO Zach Kirkhorn is a signal that the company will increase its Bitcoin ownership in the coming years, the analyst said.

The company may have made roughly $1.2 billion in paper profit on its bitcoin investment, he said.

Jerome Guillen moving to the heavy truck frontier is a significant strategic move, underlining Tesla's plans to double down on its semi and trucking vision over the next few years, Ives said.

Over the weekend, Tesla released a video of its new electric semi-truck prototype on the test track at Fremont, the analyst said.

"We continue to believe this is a 2022 model release that will be discussed in more detail over the coming months from Tesla as production plans start to develop."

Tesla's success in ramping its EV initiatives and demand in China for the month of March will likely catalyze shares higher, according to Wedbush.

TSLA Price Action: At last check, Tesla shares were down 0.17% to $693.52.

Latest Ratings for TSLA

Date Firm Action From To
Mar 2021 Mizuho Initiates Coverage On Buy
Mar 2021 New Street Upgrades Neutral Buy
Feb 2021 Morgan Stanley Maintains Overweight

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评论17

  • Leklek1981
    ·2021-03-16
    Go Tesla... Please fly
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    • Nisnivlek
      May need some times..haha
      2021-03-17
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  • Ehyj
    ·2021-03-16
    [开心] 
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  • Zsz
    ·2021-03-16
    Ic 
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  • Jassss
    ·2021-03-16
    Tesla 
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  • shannielim
    ·2021-03-16
    go tesla
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  • RonnieSG
    ·2021-03-16
    Great, more good things to cone
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  • Ola5528
    ·2021-03-16
    With its autonomous play, Bitcoin investment, improvements on battery tech, and ramping up on deliveries - truly exiting times ahead for $Tesla Motors(TSLA)$ Plus point: Cathie woods’ continued confidence in TSLA! 
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    • MarkJuan
      Love Elon Musk
      2021-03-16
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  • 火星投资狼
    ·2021-03-16
    [财迷] 
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    • 火星投资狼
      Like and comment thansk
      2021-03-16
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    • longLong
      here u go
      2021-03-16
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    • Alvin1975
      Please like and comment! Thanks!
      2021-03-16
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  • JaydenSee
    ·2021-03-16
    Pls like and comments 
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    • Edward94
      Like
      2021-03-16
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    • Alvin1975
      Please like and comment! Thanks!
      2021-03-16
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  • heartspanda
    ·2021-03-16
    Comment
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    • MarkJuan
      Appreciate it if you reply to this
      2021-03-16
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  • Ongcj
    ·2021-03-16
    Please comment n like tq
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    • Xiaojb07
      ok
      2021-03-16
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    • EV8
      👍👍
      2021-03-16
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    • Ongcj
      Please reply to comment
      2021-03-16
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    查看更多 1 条评论
  • Blurryw
    ·2021-03-16
    Please like and comment
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    • KyleFong
      Done. Please reply my comment too
      2021-03-16
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    • heartspanda
      Hi
      2021-03-16
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  • jw321
    ·2021-03-16
    please help to like comment, thanks!
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    • SJ_640
      Ok
      2021-03-16
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    • jw321
      thanks!
      2021-03-16
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    • jw321
      thank you!
      2021-03-17
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  • Delvin
    ·2021-03-16
    Lets go
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    • Ongcj
      Please comment n Like
      2021-03-16
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  • Limmy
    ·2021-03-16
    Lol
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  • changs55
    ·2021-03-16
    Pls comment on my post
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    • Delvin
      Yo
      2021-03-16
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    • Xiaojb07
      ok
      2021-03-16
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    • changs55
      thanks
      2021-03-16
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  • Kennyboy
    ·2021-03-16
    Lol
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