Tesla DeFANGs FANG

“What do you expect the price of Tesla to be after the close?” a reader asked Friday after we’d gone to virtual press.

Recall Tesla joined the S&P 500 Index Friday after the closing bell at the NYSE. And according to The Wall Street Journal: “The electric car maker is the biggest company ever to join the S&P 500.”

tesla stock market history

The Wall Street Journal concludes: “Thanks to this year’s 731% rally, Tesla’s market value trails only Apple, Microsoft, Amazon.com, Google parent Alphabet and Facebook.”

So… what’ll the new acronym be now that Tesla’s broken up FANG, FAANG and even MAGA stocks?

Send your opinions to, TheRundownFeedback@SevenFigurePublishing.com.

Your Rundown for Monday, Dec. 21, 2020…

Outlook for History-Making Tesla

To answer our reader’s question, the entire market’s wobbly this morning, and if the mainstream financial media is to be believed, the meltdown is the result of a new strain of the coronavirus in the U.K.

TSLA shares? Down about 4%. Keep in mind, however, Tesla stock reached an all-time high Friday at $695 per share.

Notwithstanding, Tesla — the world’s most-shorted stock — got an endorsement from Wedbush analyst Dan Ives who said in a client note: “Heading into year-end 2021, we are seeing a major inflection of EV demand globally with our expectations that EV vehicles ramp from ~3% of total auto sales today to 10% by 2025.

“We believe this demand dynamic will disproportionately benefit the clear EV category leader Tesla over the next few years, especially in the key China region, which we believe could represent ~40% of its EV deliveries by 2022 given the current brisk pace of sales.”

Surprisingly, Mr. Ives’ TSLA rating is neutral and not a buy.

“Clearly, competition is increasing across the board on the EV front with a slew of domestic players in China, Europe and the U.S. going after Tesla’s core EV stronghold,” he says, “although we believe the market is growing at a brisk rate that will yield multiple winners going after the EV jackpot.”

Market Rundown for Monday, Dec. 21, 2020

S&P 500 futures are down 50 points to 3,654.

Oil has slipped 4.5% to $46.89.

Gold’s steady at $1,888 per ounce.

Bitcoin is down $810 to $22,728.75.

Send your comments and questions to, TheRundownFeedback@SevenFigurePublishing.com.

Hope your week’s off to a good start. We’ll be back Wednesday.

For the Rundown,

Aaron Gentzler

Aaron Gentzler

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Aaron Gentzler

Aaron Gentzler is the publisher of Seven Figure Publishing. He is also the editor of The Rundown and has been with Agora Financial / Seven Figure Publishing since 2005. He's been covering technology and markets for over a decade.

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