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🚀🚀 Tesla bullish analysis )💥💥Hello trader’s what do you think about Tesla) traders Tesla market share prices breaking down retest prices up Rsl) key levels 248.20 key levels 270.17 key levels 278.01 key levels 297.89 t's year-end and Tesla is in the midst of its final push to meet Wall Street expectations for a record quarter. It won't be easy for the battery-electric vehicle leader to sell almost half a million cars amid higher interest rates and more EV competition. Instead of price cuts, Tesla is using a new tool to move metal: Incentives. Barron's looked at incentives on Tesla vehicles in inventory. Buyers can get almost $4,000 off several Model Y vehicles plus six months of free supercharging. The charging benefit can be worth roughly $900 or more, depending, of course, on how committed any driver is to using the free charging. Total incentives can amount to more than 8% of the transaction price. The average incentive on new U.S. car sales in October was about 5% of the transaction price, according to automotive data provider Kelly Blue Book. That's lower than Tesla, but Tesla's average incentive levels would be lower than 8%. Most Tesla vehicles are ordered with specific configurations from the company's website. U.S. auto industry incentives have been creeping up for months. They averaged less than 3% of transaction prices for much of 2022, historically low levels, and down from about 9% of the average transaction price in October 2022. Today, incentives at Tesla span its lineup of vehicles. Incentives on some Model 3 vehicles can amount to almost 10% of the price, including free charging benefits. Tesla is also offering some Cybertruck reservation holders $1,000 off Model S and X vehicles. (Some Cybertruck orders won't be delivered until 2025. Reservations holders might be interested in another vehicle meanwhile.) Tesla is trying to have a bounceback quarter after delivering about 435,000 vehicles in the third quarter, down from about 466,000 delivered in the second quarter. Wall Street is looking for about 475,000 units for the fourth quarter, which would be a record for the company. Tesla delivered about 405,000 units in the fourth quarter of 2022. Wall Street was looking for about 420,000 units and the stock fell more than 12% on the first trading day of 2023. Slowing deliveries also foreshadowed Tesla's 2023 price cuts. The performance version of a Model Y started at about $63,000 late in 2022. It starts at about $52,500 now. Tesla stock has weathered the price cuts. Shares started 2023 at about $123 a share. They dropped to almost $100 a share after the disappointing delivery results and subsequent price cuts. Shares enter the week at almost $244 each, up more than 100% from 2023 lows. The strong performance raises the stakes for a fourth-quarter delivery number that typically gets reported on Jan. 2. After digesting the delivery figure, investors will have to evaluate what higher incentives mean for profit margins. Third-quarter operating profit margins were 7.6%, down almost 10 percentage points year over year. Wall Street expects operating profit margins in the fourth quarter to come in at about 9%. Doing that with rising incentives will be another challenge for Tesla.🙏💥
NASDAQ:TSLALong
by SMC-Trading-Point
XAUUSD US GDP) ANALYSIS🤷hello traders what do you think about this analysis trading ideas 💡😁💡 Gold rallies toward 'golden cross' after defying bearish signal Nov 29, 202316:08 GMT+5 By Myra P. Saefong Precious metal trades near highest since May Gold futures have climbed to their highest prices since May, just eight weeks after a death cross in prices signaled the potential for further weakness. That marks a shift in the market toward a bullish indicator known as a "golden cross," which happens when a short-term moving average climbs past a long-term moving average. Gold futures were on track to soon reach that technical milestone. As of Tuesday, most-active futures (GC00) saw the 50-day moving average at $1,947.82 and its 200-day moving average at $1,952.17, according to Dow Jones Market Data. The December gold futures contract (GCZ23) settled at $2,040 an ounce on Comex, the highest finish since May 9. The gold-backed SPDR Gold Shares exchange-traded fund GLD, however, is much closer to reaching its golden cross. In Tuesday trading, the ETF's 50-day moving average was at $179.70 and its 200-day moving average climbed to $180.12. "Whether or not gold enters the golden cross, the investment case for gold is strong," said Joy Yang, head of product management and marketing at index provider MarketVector.
FOREXCOM:XAUUSDShort
by SMC-Trading-Point
Gold Next Move ? (XAUUSD)Investors in Asia, meanwhile, took comments from erstwhile Federal Reserve hawk Christopher Waller as perhaps a signal of another era-shift, as he flagged that U.S. interest rates could be cut in the months ahead. A rally in bonds and slide in the dollar that has run for weeks in the afterglow of a benign U.S. inflation report extended in Asia in the wake of Waller's remarks. Two-year Treasury yields fell to a four-month low just below 4.70%. Ten-year Treasury yields hit a two-month low of 4.28%. Interest rate futures price more than 100 basis points of cuts next year and a 40% chance they begin as soon a March. The dollar's slide led to multi-month highs for the yen, euro, sterling and Swiss franc against the greenback and sent spot gold, in dollars, to its highest since May.
TVC:GOLDShort
by ZumixFX
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