EVTV: Jack Rickard Says Tesla Stock Will Hit $950

2 months ago by EVANNEX 20

Tesla

Tesla Model S (Instagram: stigtronvold)

EVTV: HERE’S WHY TESLA’S STOCK IS GOING TO $950 [VIDEO]

Do the analysts on Wall Street really know how to properly evaluate Tesla? Sure, we’ve received some helpful guidance from Gene Munster, Ben Kallo, and the ever-mercurial Adam Jonas. But most analysts have completely missed the boat. What if someone who custom-builds electric vehicles, takes apart battery packs, and tinkers with Teslas could offer unique insight into the company?

Jack Rickard is both a Model S owner and seasoned expert on the EV scene. He also hosts EVTV*, a resource for those building custom electric cars and converting gas cars into EVs. The show started in 2009 and caters to EV conversion shops, University build teams, design engineers, and custom EV builders all over the world. Shows typically focus on components and techniques pros can use to convert a gas car into an EV. Special episodes feature Jack taking apart Tesla battery packs, control electronics, drive units, and more.

Recently, Jack decided to try his hand taking apart something different — the Tesla bull thesis. His self-professed “rant” runs for nearly two hours and provides some eye-opening insights. After contacting Jack, I asked if it was possible to distill his insights into a half-hour summary video. He agreed. You can check it out below.

*This article comes to us courtesy of EVANNEX (which also makes aftermarket Tesla accessories). Authored by Matt Pressman.

Above: Our highlights of Jack’s forecast (Source: EVTV*)

Jack discusses a wide range of advantages that Tesla has over legacy automakers. However, in order to condense his findings, this video edit focuses on four key areas that I found especially intriguing: Tesla’s Supercharger Network, Batteries, Solar + Storage, and Vehicle Autonomy.

Tesla’s Supercharger Network represents a massive land grab and Jack points out that it’s the only EV network that really works. Yes, Tesla’s Gigafactory is something akin to Elon Musk’s castle, but, according to Jack, the Gigafactory represents battery industry influence far greater than most realize. The combination of solar + storage represents a wholly new direction for a car company, but, Jack thinks in “one fell swoop” this can disrupt multiple industries. Finally, Tesla’s lead in vehicle autonomy alone could justify the current stock price — he explains why.

Tesla

Another look at the stunning Model S (Instagram: stigtronvold)

While Jack expresses frustration with Wall Street analysts, it’s important to note that he doesn’t do any kind of “deep dive” into the financials. That said, his insights are unique to someone entrenched in the electric vehicle space. He thinks Tesla’s narrative could play out something like the Apple story. Others have also referenced the connection. Nevertheless, it’ll be fun to revisit this video in 60 months to see if Tesla stock actually approaches $950. After all, a few years ago he predicted, with near-perfect accuracy, that the stock would go from $30 to $350.

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*Source: EVTV; Original two-hour video is also available on youtube via Jack Rickard

*Editor’s Note: EVANNEX, which also sells aftermarket gear for Teslas, has kindly allowed us to share some of its content with our readers. Our thanks go out to EVANNEX, Check out the site here.

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20 responses to "EVTV: Jack Rickard Says Tesla Stock Will Hit $950"

  1. ffbj says:

    Too bad he keeps calling it ev insider, instead of inside evs’s.
    A real pioneer in the electric vehicle, solar power, space. Also ev conversions.

    From Jack’s POV Tesla has already won, hard to argue, since they still have no competition, years after we were told, repeatedly, they, Tesla, would be crushed by the opposition.

    1. Someone out there says:

      You haven’t won anything when you are losing $400 million per quarter. Any idiot can spend money, making money is the hard part.

      1. Pushmi-Pullyu says:

        Only Tesla haters and FUDsters describe borrowing capital to invest in company growth as “losing” money.

        Tesla is leading the EV revolution… while sad trolls sit around and whine about how Tesla runs its business.

  2. Michael says:

    I used to listen to the guy, but he’s missed the mark more often than he hits it. I guess if you talk enough you’ll get some stuff right.

    Just last year he was saying Tesla stock is overpriced and will tank this year. Yeah, right.

    I’m a little bummed that his opinion is linked to on Inside EVs. You guys are better than that.

    1. Jake Brake says:

      Agreed. Jack is a joke. A rambling alcoholic with a herd of idiots following him.

      Guy doesnt believe in a BMS, then burns his barn down because his charger didnt shut off. Then blames his staff for not watching it properly…

    2. Martin Winlow says:

      Well, it has – at least once (early July) if not 3 times but it depends on how you define ‘tank’ – more than a 10% drop would do it for me.

    3. Pushmi-Pullyu says:

      “I’m a little bummed that his opinion is linked to on Inside EVs. You guys are better than that.”

      I agree. I like to think InsideEVs standards are better than this. There certainly are Evannex articles worth reading, but this is just an unabashed Tesla cheerleader article.

  3. Doggydogworld says:

    Did anyone suffer through the full 28 minutes of this gasbag? If so, does he ever say anything worthwhile?

  4. John says:

    Another person long in Tesla. For everyone of those there’s one who’s short in the stock.

    Yawn… how did this even make it to this website? Must’ve been a slow news day.

    1. paul smith says:

      The difference is, those who went short went bankrupt.

  5. Chris says:

    Come on guys he’s a known entity in the space and I like him on 1,5x speed on YouTube 😉

    1. Huffster says:

      Ha ha. I watched at 1.5x on YouTube then read your comment. I enjoy watching EVTV every now and then but always have to speed it up by 50%.

  6. Marshal G says:

    I don’t mind his speaking manor, but was surprised when he used the term “libtard.” When a commenter on YouTube objected, the actual Jack Rickard hit back calling him a typical “alt-left libtard.” Wow I’m confused. He champions EV’s but hates liberals who buy them? Wow what a dick.

  7. Get Real says:

    Yeah, in any case I agree with the Apple comparison.

    Inasmuch as Tesla has the potential to become dominant in the high-end luxury EV space with an ecosystem of cars, charging network, and home solar plus battery storage as well as a burgeoning commercial energy storage business.

    1. Wil says:

      I want my cars to be like Google and Android. Open and freedom base where anyone can buy it and use it.

  8. Cavaron says:

    I stopped watching him since he aired ultra conservative political commercials at the end of his videos (around 2012) and insultet commenters on his channel who were pro tougher gun control, after he started talking about that topic in his EV videos.

  9. mxs says:

    It’s got to be true, if Jack says it, right?

    I am surprised that it will be “just” $950 … did he drop 1 in front? I mean, right after they run a successful test of the new New York – London 30min trips for 800$ …. surely it will be worth a lot more, because who needs a model 3 after that???

    1. paul smith says:

      You still have to get to the launch pad.

      1. ffbj says:

        Unless of course you are that rare individual:
        “Fire Me Boy.”
        https://www.youtube.com/watch?v=kqekn0scORI

      2. Pushmi-Pullyu says:

        No problem. The Boring Co. will run traffic tunnels everywhere, so that the nearest entrance is never more than a minute’s walk away!

        The Boring Co. people-mover to the Hyperloop station; Hyperloop to the SpaceX suborbital shuttle; SpaceX shuttle to anywhere.

        All they need is unlimited resources and money! Wheeeee! 😉

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