Donald Trump’s election victory turned markets on their head. Somewhat outside Trump’s control has been the OPEC agreement to cut back oil production. This is going to lead to higher oil prices, so a good job then that automobile reliance on oil is peaking. All car manufacturers are turning attention to electric vehicle provision, none more so than Tesla (see attached video: https://spaces.hightail.com/receive/NaU4e/fi-d1f4f7dc-a0bc-4f41-a2cb-4e3561482856/fv-0b42e5f6-356e-4425-ad50-94243aadd9f1/Tesla.wmv ). If you can, see both of them. The interesting thing about Tesla (TSLA:NSQ) is that next year Tesla releases the Model 3 which is the most popular anticipated vehicle ever and which has taken 400,000 pre-orders at a more affordable price than many thought possible, of £30,000-£35,000. It is being called the ‘IPhone on Wheels” because of the number of pre-orders, but aside from the trivia, of 24 market analysts who follow the company, 19 recommend investors hold, buy or strong buy the stock, while 5 recommend a sell or strong sell. The consensus 12 month price target is 168% higher than the current level – although this is not a recommendation of McLaren Asset Management since any individual stock acquisition is speculative risk, meaning the price can rise or fall substantially and thus the volatility may not be appropriate to everyone’s circumstances.

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