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Tesla (TSLA): Stuck in a Range after Robo Taxi rumors fizzledAfter being stopped out on our second entry in Tesla, it's time to take another look, although it has been quite uneventful since the big rise on the Robo Taxi rumors back in July. It was a classic “buy the rumor, sell the news” event, showcasing how markets tend to price in events well ahead of their occurrence. Musk's statement that Cybercab production could begin "before 2027" is also seen as highly questionable, given his history of missed deadlines. Tesla recently got approval from local authorities near its gigafactory in Berlin to move forward with its three-stage expansion plan. Despite protests from locals, this approval allows the company to start building infrastructure for storage facilities, a battery cell test lab, and logistics areas. All of this will take place on land already owned by Tesla. Whether this expansion will be beneficial or problematic for the company remains to be seen in the coming months. Currently, we still have our limit order from $177 running, and things are looking alright. To better illustrate the situation, we added a fresh chart of Tesla’s range, which clearly shows the situation. After reclaiming the range middle in July, Tesla briefly dipped below but rebounded perfectly from $183, a critical POC (Point of Control). Since July, Tesla hasn’t made any new higher highs, nor has it made lower lows, placing the stock in a tight range. If Tesla loses the range middle, we could see a drop to $183 or even $160. On the upside, breaking above the range high would be essential for further momentum. It's crucial to focus on higher time frame levels and avoid getting caught up in short-term news or noise. We’ll continue to monitor Tesla’s key levels and update you if any significant movement occurs. 🤝
NASDAQ:TSLALong
by freeguy_by_wmc
BMW (BMW): Navigating Through Uncertainty in the Auto MarketThe German automotive industry is currently facing significant challenges, from rising production costs and the transition to electric vehicles to increased competition from China. Despite these hurdles, we believe that most of the negative factors are already priced into the market. From a technical perspective, we’re zooming out to get a broader view of BMW. Ignoring the COVID-19 dip, BMW has been ranging between 55€ and 113€ for an extended period. We anticipate that this range will continue, as markets tend to range 70% of the time. Right now, BMW is at a critical level, either bottoming out for the fourth time or, more likely, preparing to break below and collect the sell-side liquidity that has accumulated over the past three years. Our plan is simple: We’re monitoring this closely, with alerts set to notify us if the stock dips below this level. Should this occur, we’re looking at a potential entry near 62€. We will update you with our strategy once this scenario unfolds.
XETR:BMWLong
by freeguy_by_wmc
1
Can a Prancing Horse Outrun an Electric Future?In the ever-evolving landscape of luxury automobiles, Ferrari stands as a beacon of innovation and exclusivity. The recent upgrade from J.P. Morgan, elevating Ferrari's status from "Neutral" to "Overweight," underscores the company's resilience and strategic prowess in navigating complex market dynamics. This vote of confidence, coupled with a substantial increase in the price target to $525, reflects Ferrari's unique position in the luxury sector and its ability to maintain growth even in the face of global economic challenges. At the heart of Ferrari's success lies a paradoxical strategy that defies conventional wisdom: deliberately producing fewer cars than the market demands. This approach, rooted in the vision of founder Enzo Ferrari, has cultivated an environment of perpetual desire and scarcity. With a staggering backlog of 24 to 30 months, Ferrari has not only engineered exceptional vehicles but has also orchestrated an "underappreciated cultural evolution" within the company. This disciplined approach to growth, combined with the power to command premium prices, provides unparalleled visibility into future earnings and sets Ferrari apart from its luxury peers. As the automotive industry races towards electrification, Ferrari is poised to redefine the boundaries of performance and sustainability. The company's foray into the electric vehicle market, promising an "incredible driving experience" that remains true to the Ferrari ethos, demonstrates its commitment to innovation while preserving its core values. However, this journey is not without obstacles. Ferrari must navigate challenges such as an ongoing investigation into its chairman and the conclusion of a key partnership with Santander. Yet, with strong financial performance, positive investor sentiment, and a clear strategic vision, Ferrari appears well-equipped to maintain its pole position in the luxury automotive market, promising a future as thrilling and exclusive as its storied past.
NYSE:RACELong
by signalmastermind
TESLA Can it reverse the ROBOTAXI DISASTER?Tesla (TSLA) plummeted on opening today following yesterday's Robotaxi event, dropping as much as -10% intra day below its 1D MA50 (blue trend-line) and touching the 1D MA100 (green trend-line) for the first time since August 05. The market clearly considered the Robotaxi and the other aspects of the event a disaster fundamentally and the early impression is imprinted on this price collapse. The question on investors' minds is, can the company reverse the sentiment? Well, technically there is a big reason why the price has been pulling back since the September 30 High and that is simple. It has been rejected exactly on the Lower Highs trend-line that started on Tesla's All Time High (ATH) back on November 04 2021. As you can see, this powerful multi-year Resistance has already 5 rejections (red circles) under its belt. But on the bright side, the price has shown clear signs of reversing this long-term and the biggest is the Higher Lows since the January 06 2023 market bottom (the 2nd Higher Low on April 22 2024). On top of that we are seeing the potential for a Channel Up (blue) since the April 22 2024 bottom and is being supported by the 1D MA100. Below that, the last (symmetrical) Support Zone is offered by the 1D MA200 (orange trend-line) and the 195.00 level (so a zone roughly within 195.00 - 203.00). Below that, the recovery potential is endangered to a great extent. So to summarize, there are strong support levels that may cause yesterday's disastrous fundamental sentiment to reverse but most of all, Tesla needs to break above its ATH Lower Highs trend-line. If it does, the first target of the new Bullish Leg should be $380.00 (Higher High on the blue Channel Up). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLA
by TradingShot
4
RIVIAN 25 COMING.... 🎉 Why Rivian's Stock Price Could Hit $25 🎉 Innovation and Product Appeal: Rivian has been making waves with its innovative electric vehicles like the R1T and R1S. The anticipation around new models and features, like the Gear Guard live cam and Tri-zone climate control, keeps the brand's allure strong among tech-savvy consumers and environmental enthusiasts. The unique selling points of these vehicles could drive demand, positively impacting stock value. Strategic Partnerships and Market Positioning: The relationship with Amazon for electric delivery vehicles positions Rivian as a key player in not just the consumer EV market but also in commercial applications. This could lead to steady order flows and visibility, crucial for investor confidence. Production Scale and Cost Reduction: Rivian's focus on scaling production, especially with the introduction of its in-house Enduro drive unit, aims to reduce costs significantly. As production ramps up, achieving economies of scale could lead to better margins, making the stock more attractive. Investor Sentiment and Analyst Predictions: Despite variations, there's a notable optimism among analysts with a mix of hold and buy ratings, suggesting that many see potential for growth. The consensus price targets around $17.68 with highs up to $28 indicate that reaching $25 isn't far-fetched, especially if Rivian meets its production and innovation goals. Market Expansion and Brand Loyalty: Initiatives like The Good Project, where Rivian vehicles are used for community service, not only enhance brand image but also foster loyalty. Exclusive offers for existing customers to upgrade to newer models could retain and grow the customer base, indirectly supporting stock price through sustained demand. Technological Advancements: Rivian's development of proprietary technology, including its own chips and operating system, could insulate it from supply chain issues and offer competitive advantages. Innovation in software updates like dynamic headlamp leveling shows a commitment to continuous improvement, which could excite investors. Market Sentiment Towards EVs: The broader trend towards electric vehicles continues to gain momentum. As more regions implement policies favoring EVs, companies like Rivian, which are pure-play EV manufacturers, stand to benefit from this shift, potentially driving up stock prices. Financial Health and Investment: While Rivian has significant cash reserves, managing these effectively for growth without excessive dilution could reassure investors. The strategic use of funds for R&D and scaling could pave the way for profitability, a significant milestone for stock valuation.
NASDAQ:RIVNLong
by NYRUNSGLOBAL
Tesla Stock Slips as Deliveries Miss ExpectationsTesla (NASDAQ: NASDAQ:TSLA ) saw a notable decline of 5% in early trading Wednesday following the release of its Q3 2024 delivery and production numbers. While the electric vehicle (EV) giant reported 462,890 deliveries—slightly above analysts' predictions—investors had anticipated higher performance, leading to a sell-off. This drop brings NASDAQ:TSLA down to $244.86, reflecting the ongoing battle between Tesla’s robust market presence and increasing competition from global automakers. Q3 Delivery Report: Falling Short of the Hype Tesla (NASDAQ: NASDAQ:TSLA ) delivered just under 463,000 vehicles in Q3 2024, surpassing the 461,000 estimate, but investor sentiment seemed to have set loftier expectations. The production numbers were similarly positive, with Tesla (NASDAQ: NASDAQ:TSLA ) producing 469,796 vehicles, up from the 430,488 vehicles produced a year ago. Despite this growth, the stock slipped as the market had expected a more substantial increase to sustain the company’s valuation, which had already jumped 32% in the previous quarter. Analysts from Wedbush described the report as "a step in the right direction" but also noted that some investors may have been looking beyond these delivery figures, anticipating the October 23 earnings report and the unveiling of Tesla’s much-discussed "robotaxi." Still, Tesla faces ongoing headwinds, especially in the competitive EV landscape. Competition Heats Up Tesla’s dominant position in the EV market is increasingly challenged, especially by Chinese automakers like BYD and Geely, as well as emerging rivals Li Auto and Nio. In the U.S., Rivian, Ford, and General Motors are all making headway into the EV space, with GM recently reporting a 60% year-over-year increase in EV sales. Even with Tesla maintaining a significant lead in the U.S. market, these rising competitors are placing pressure on its growth trajectory. Tesla’s lack of specific delivery guidance for 2024 raises additional concerns. Although the company’s sales are growing, its ability to maintain such momentum amid fierce competition is in question. Analysts will be closely watching Tesla’s October 23 earnings report, with a particular focus on profit margins and how Tesla navigates the balance between maintaining its market share and controlling production costs. Technical Analysis: The Chart Speaks Volumes On the technical side, NASDAQ:TSLA ’s stock is showing signs of weakness. As of the time of writing, the stock has dropped 3.57%, with a Relative Strength Index (RSI) of 57.43—an indicator that the stock is losing its buying momentum and moving closer to a neutral or selling zone. While Tesla (NASDAQ: NASDAQ:TSLA ) remains above its 50-day and 200-day moving averages, suggesting underlying strength, the dip in RSI indicates potential volatility. Tesla’s ability to stay above key moving averages amidst such market pressure will be critical in determining its next moves. Investors should keep an eye on whether the stock can sustain levels above its moving averages or if further selling pressure will drag it down into a correction territory. As the market awaits the earnings report later in the month, these technical patterns could provide a roadmap for short-term traders. Tesla’s Future: More than Just Deliveries Tesla’s long-term growth story remains intact, bolstered by innovations like self-driving technology and upcoming projects like the robotaxi. However, the EV maker must continue to outpace competitors and reassure investors that it can meet growing demand without sacrificing profitability. As the global EV market matures and competition ramps up, Tesla’s ability to innovate while maintaining healthy margins will be the key to its future success. In conclusion, while Tesla’s Q3 delivery numbers met expectations, they fell short of the hype, leading to a sell-off. The stock remains technically strong, but investors should be cautious as it approaches critical RSI and moving average levels. With earnings just around the corner and Tesla’s next big product reveal on the horizon, the coming weeks will be pivotal for the company’s stock performance.
NASDAQ:TSLA
by DEXWireNews
Tesla (TSLA) AnalysisCompany Overview: Tesla NASDAQ:TSLA continues to lead the electric vehicle (EV) market, and its ambitious leap into humanoid robotics with the Optimus robot could open up massive new revenue streams. CEO Elon Musk projects this venture could unlock a $200 trillion opportunity, particularly in household and manufacturing applications. Key Catalysts: Optimus Robot: Visionary investors like Cathie Wood of ARK Invest estimate a $12 trillion market for humanoid robotics, where Tesla aims to be at the forefront, revolutionizing industries. Full Self-Driving (FSD): Tesla's advanced FSD technology could be licensed to other automakers, creating new revenue channels. Musk’s long-term goal of launching an autonomous ride-hailing business or robotaxi fleet offers additional upside potential, which could reshape the automotive and transportation landscape. Expanding Market Potential: Beyond EVs, Tesla's expansion into AI-driven robotics and autonomous vehicles places it at the intersection of multiple high-growth markets. Investment Outlook: Bullish Outlook: We are bullish on Tesla above $193.00-$195.00, signaling strong confidence in its continued leadership in both the EV and emerging robotics sectors. Upside Potential: Our target for TSLA is $360.00-$370.00, driven by the potential commercialization of humanoid robots and further advancements in autonomous driving technology. ⚡️ TSLA—Driving the Future with Innovation in EVs, AI, and Robotics. #EVs #AI #AutonomousDriving
NASDAQ:TSLALong
by Richtv_official
BYD - What next post-earnings and the BoC's stimulus?HKEX:1211 has had a strong year in growth prospects, reporting solid earnings growth thanks to its robust EV sales and expanding footprint in international markets. The recent earnings beat highlighted an impressive increase in revenue, driven by the demand for both their electric and hybrid vehicles. But what we can notice is that the stock has only reflected this as a c.16% rise in price YTD. However, the question now is: where does BYD go from here? - More recently, the BoC's latest stimulus measures, including rate cuts and support for the real estate sector, could indirectly benefit BYD. With increased liquidity and consumer confidence, domestic demand for EV's could rise, especially if coupled with additional green energy incentives. - As for the earnings release, the markets reacted well, and with this new-found optimism in the markets, with both the SEE Composite Index SSE:000001 and the Hang Seng Index TVC:HSI up 5.78% and 9.28% in the past 5 days, is this the turn-around for China as a whole?
HKEX:1211Long
by FytaLO
1
NIO (NIO): 55% Increase but Bearish Trends Still LoomA while back, we analyzed NIO, and recently, we’ve seen a considerable 55% increase in the stock price. However, despite this rise, nothing truly convinces us that this bearish trend has ended or that a sustainable upward movement is underway. The critical factor here is that none of the key levels that need to be breached for a trend reversal have been crossed. Specifically, we’re looking at the current Wave ((iv)) level around $6.04. If this level isn’t breached, it’s likely that we could see further declines, possibly dipping into the $2.99 range—or even lower, potentially as far as $1. It may seem dramatic, but considering NIO has already dropped up to 62% since January, repeating such a decline isn’t out of the question. In conclusion, the market remains quite weak, and we’re still cautious about the possibility of more significant setbacks. Always remember, it’s okay to stay on the sidelines and not invest in everything that catches your eye. 🤝
NYSE:NIOLong
by freeguy_by_wmc
31
TESLA broke above the 2-month Resistance and is aiming for $300Last month (August 15, see chart below) we gave a pull-back buy signal on Tesla (TSLA) and the price action swiftly responded with a August 28 Low and then rebound: The rebound was on the 1D MA200 (orange trend-line) and today we see a strong bullish break-out above the 1D MA50 (blue trend-line). This alone is enough to confirm the start of the next phase of the Bullish Leg, since the long-term pattern is a Channel Up, as closing above 228.00 will constitute a Higher High. Technically the structure is similar to the previous mid-Bullish Leg consolidation (April 30 - June 24), even the 1D MACD sequences between the two fractals are similar. In that sense we can't rule out some more ranged trading for September but on the long-term our Target remains unchanged. We expect the $300 level to break before November. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
Should you be selling your #Bitcoin for #TSLA right now?These types of rotations and range trades offer investors fantastic opportunities if these relationships continue. We have seen this for Bitcoin and it's ratio's to stocks/metals & altcoins is not a one way trade as it ONCE used to be. 2009 - 2017 was the golden #crypto era when gains were the easiest to acquire. However the low hanging fruit has been totally plucked, as #BTC's returns have crawled to not much more (or sometimes less) than the leading stocks of the day. I still maintain a $140-145k price target for this cycle for bitcoin But I also have a very aggressive long term price objective for #TESLA of $1000 (which is around 3 trillion dollars market cap)
NASDAQ:TSLA
by BallaJi
LCID CHART INTO EARNINGS TRENDS AND TARGETSIF it's bullish, here are your upper price targets. Sharp trends leading down into a STRONG area of support. All of which is timing out into earnings. I would say, if the stock is in the buy zone pre earnings, it's probably a pretty solid buy where a chance of a successful trade suddenly shifts heavily in your favor. I tried to label everything best I could on the chart. Be careful, as I think whatever bullish move is coming, will retrace. Sell trend is likely your exit. Risk increases as price targets increase. Good luck!!
NASDAQ:LCID
by nicktussing77
TESLA 300 BY DECEMBER ? NASDAQ:TSLA TESLA 300 BY DECEMBER Tesla had a challenging first half of 2024, with its stock facing headwinds. However, there are signs that the electric vehicle (EV) maker could be on the path to recovery. Here’s what Wall Street analysts and experts are saying: Q2 Deliveries: Tesla reported second-quarter deliveries of 443,956 vehicles, surpassing analysts’ estimates of 436,000. While this is a decline from previous quarters, it’s better than expected. Investors view this as a positive sign for the company’s future prospects. Energy Storage Boost: Tesla increased its energy storage capacity to an all-time high during Q2. This development is particularly significant because it suggests that Tesla could benefit from increased energy demand driven by the AI boom. As artificial intelligence accelerates, energy demand and electricity generation are expected to rise, potentially benefiting Tesla Energy. AI Developments: Investors are closely watching Tesla’s advancements in artificial intelligence. The company’s Robotaxi and other AI initiatives could be the next growth drivers. Morgan Stanley strategists have even speculated about Tesla getting its mojo back, with clients asking about positive catalysts for the future.
NASDAQ:TSLALong
by NYRUNSGLOBAL
TESLA It has begun...Tesla (TSLA) is on almost a +5.00% rise today an aggressive reaction to the market news and technically extending an Inverse Head and Shoulders (IH&S) pattern as we mentioned on our previous analysis (see chart below): It is a good time to shift to the longer term time-frame of 1W, where this IH&S pattern is a bottom formation that Tesla has registered before all of its major long-term rallies. The one that looks from cyclical start to finish with today's pattern is the period of 2014 - 2016. Once the price broke above the 1W MA50 (blue trend-line) on that pattern, Tesla started a rally that peaked on the 1.382 Fibonacci extension level. Observe similar the 1W RSI patterns are as well between the two Cycles. If the stock repeats that Fibonacci target, we can get a price as high as $700.00. That is of course a very optimistic scenario but even the more pessimistic one, has a (dotted) Channel Up targeting its top on the 3.5 Time Fib at around $400, which is almost the All Time High (ATH) for Tesla. As a result, we see $400 as a real posibility for the end of the year. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
2
RIVIAN Time to get bearish despite the VW $5 billion investment?Rivian Automotive (RIVN) reached today as high as $16.35 following Volkswagen's $5 Billion investment and got just shy of our $17.00 long-term target, as we called on our last analysis (May 17, see chart below): Despite the excellent news, we have to call for caution this time as the technicals come in center stage. As you can see, the prevailing long-term pattern remains a Channel Down since the September 2022 High and unless the 1W MA100 (yellow trend-line) breaks and closes a 1W candle above it, we won't continue buying. We change now our outlook to medium-term bearish and expect a rounded top to be formed below the 1W MA100 in the next 3 weeks, which we will sell and target the 0.618 Fibonacci Channel level at $13.50. Check also how the 1D RSI sequences between the current and the previous Lower High formation in July 2023 are similar. Add to the bearish mix the fact that today's rise stopped exactly on the 1W MA50 (red trend-line). In any case, as mentioned, we are only willing to buy after a 1W MA100 break, in which case we will target $28.00 (just below Resistance 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:RIVNShort
by TradingShot
1
Tesla (TSLA): Trend Reversal or Just a Blip?Today, we are analyzing Tesla on the daily chart. After surviving the stronger sell-off at the 78.6% retracement level and avoiding the stop loss, we have witnessed a bullish divergence, which led to a significant upward push. Starting from the end of Wave (1), Tesla left this wave with a breakout gap downward. This breakout gap has not been closed yet, and we continuously saw lower lows and lower highs, indicating a clear downtrend. Recently, the first higher high has formed, which is a strong indication of a trend reversal. We believe Tesla might trade back towards the breakout gap, potentially testing it briefly before moving upwards towards the Point of Control. Between the levels of $190 and $230, trading volume has been low, and we don't expect this to change significantly. Therefore, a quick rise to around $260 is possible. The key question now is whether the breakout gap will be tested. We maintain our view that Wave (2) concluded at approximately $139, and we should be on the way up. If the price falls below $139, a quick retrace to around $100 is likely.
NASDAQ:TSLALong
by freeguy_by_wmc
TESLA Huge Inverse Head & Shoulders ahead of Musk's $56B vote!Tesla (TSLA) broke today above its 1D MA100 (green trend-line) for the first time in more than 5 months (since January 04) and ahead of Musk's $56 billion today, seems to be completing an Inverse Head and Shoulders (IH&S) pattern. Technically this is a pattern seen in major market bottom's. This time it is being formed within the broader pattern of the Bearish Megaphone. A standard 2.0 Fibonacci extension Target would test the top (Lower Highs trend-line) of that Megaphone, considerably above the 1D MA200 (orange trend-line). As a result, our medium-term Target is $225.00, marginally below the 2.0 Fibonacci extension. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot