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Tesla

Tesla could be on the verge of a strategic pivotWall Street analysts are focused on the company's gross margin levels after it implemented several price cuts, as well as any commentary on its outlook for demand in both the US and in China. The EV maker already reported third-quarter deliveries of 435,059, which was below Wall Street expectations of 451,000 vehicles. Tesla said downtime at its factories in Shanghai and Dallas led to a slight decline in vehicle production during the quarter. From an earnings perspective, here's what Wall Street expects from Tesla, according to data from Bloomberg: Revenue: $24.9 billion Adjusted earnings per share: $0.91 per share Gross margins: 18.2% Other items that will be on watch by investors is any update related to the company's planned launch of its Cybertruck, the impact its vehicle price cuts have had on demand, and the earnings potential of its EV charging network after it struck deals with a slew of automakers, among other things. Our view is that Tesla could be in the midst of a strategic pivot from making cars to becoming a Tier 1 supplier. For Tesla's pivot, we see charging infrastructure, batteries, and drive units as being key in gaining access to OEMs as customers," RBC said in a recent note. The bank highlighted that for Tesla to hit its 2023 delivery target of 1.8 million vehicles, it would have to deliver 476K units in the fourth-quarter. "This would require production to quickly return to normal levels," RBC said. RBC reiterated its "Outperform" rating and $305 price target, representing potential upside of 20% Spike.
NASDAQ:TSLALong
by DEXWireNews
TSLA Tesla Options Ahead of EarningsIf you haven`t bought the dip here: or sold the top: Then analyzing the options chain and the chart patterns of TSLA Tesla prior to the earnings report this week, I would consider purchasing the 255usd strike price Calls with an expiration date of 2023-10-20, for a premium of approximately $7.15. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:TSLALong
by TopgOptions
4
Tesla Stock: The Best Case Might Be Going NowhereTesla TSLA 0.51% earnings are on tap this week—and the stock isn’t making the bulls feel as bullish as they usually are. They would feel a lot better if profit margins looked like they were bottoming out. Tesla (ticker: TSLA) is due to report third-quarter numbers Wednesday evening. Wall Street is looking for earnings per share of about 73 cents, down from 77 cents a couple of weeks ago. It’s coming in a little after the company delivered some 435,000 vehicles in the third quarter, missing Wall Street estimates by about 20,000 units. Price targets are coming down with the estimates. On Monday, Piper Sandler analyst Alexander Potter cut his target on Tesla stock to $290 a share from $300, though he still has a Buy rating on Tesla stock. While Cybertruck is due to be delivered soon, he sees shares trading “sideways, at best, in the coming months.” He wants profit margins to bottom and delivery growth to accelerate before investors get more excited about the stock. He has a point about margins. Automotive gross profit margins have been coming down with prices for new Tesla vehicles. The price for a new long-range Model Y is down roughly 25% from peak levels. Tesla’s automotive gross profit margin in the second quarter came in at about 18%, down from a peak of about 30% in the first quarter of 2022. Wedbush analyst Dan Ives agrees that investors will be “laser-focused” on profit margins. He sees automotive gross profit margins coming in around 17% for the third quarter, but investors are probably ready for a weak third quarter. What they want is a sign from management that margins are bottoming out.
NASDAQ:TSLALong
by DEXWireNews
$TSLA Earnings Projection! Can the Weekly Downtrend Break?These are projections based on my form of technical analysis. So far regarless of the sentiment we remain in a lower time frame uptrend. We are at a downtrend started from the end of 2021 and with the market fearful the trend could easily change. My bullish projection for a gap and go is 320 My bearish projection would be 196 with a wick and close at 217 Otherwise, if neither triggers are broken I would expect sideways option burn price action. Remember Earnings are always a gamble, while I do believe the chart can show us, a side ways stock is a triggerless one.
NASDAQ:TSLA
by PotterStocks-PBS
2
Evaluating TESLA's Trillion-Dollar Aspirations:Time to Invest?Evaluating Tesla's Trillion-Dollar Aspirations: Is It Time to Invest? As Tesla's market capitalization nears the $800 billion mark, investors are keeping a close eye on the possibility of the electric vehicle (EV) giant rejoining the exclusive trillion-dollar club. With several factors working in its favor, including the global shift toward EV adoption and a reputation for innovation, Tesla appears poised for further growth. However, a meteoric rise in its stock price has raised questions about the right time to invest in this industry leader. Tesla's Dominance in the EV Market: Tesla has undeniably solidified its position in the US EV market, strengthening its economic moat through brand recognition and cutting-edge technology. By initially targeting the high-end market and delivering innovative features via software updates, Tesla has won the hearts of many without extensive marketing efforts. Technological Expertise: Early-mover advantage has given Tesla a technological edge in manufacturing capabilities, software development, and hardware design. This expertise equips the company to thrive despite intensifying competition in the EV industry. A Glimpse into the Future: CEO Elon Musk's vision for Tesla's future is nothing short of ambitious. The company's pursuit of fully autonomous vehicles, along with a potential robotaxi service, could lead to staggering profits. Even prominent investor Cathie Wood and Ark Invest share Musk's optimism, projecting substantial revenue from autonomous ride-hailing services. Competition and Market Challenges: While Tesla has outperformed its rivals, competition is an ongoing concern in the expanding EV market. Established automakers and newer entrants in the US, as well as formidable Chinese competitors, pose challenges that Tesla must address. Price Reductions and Profit Margins: To stay competitive, Tesla has resorted to price reductions, which have contributed to narrowing profit margins. This trend is something investors should keep a close watch on. High Valuation: With a price-to-earnings (P/E) ratio of 73.6, Tesla's stock is trading at a premium valuation. This may give pause to conservative and value-oriented investors who seek reasonable valuations. The Verdict: While Tesla's track record and Elon Musk's innovative leadership are compelling, its current market capitalization and lofty stock price warrant a careful evaluation. Investors should consider whether Tesla can sustain significant outperformance in the coming years. Waiting for potential price pullbacks before making investment decisions might be a prudent approach. In the dynamic world of EVs, Tesla's journey to the trillion-dollar club is one that investors will be keen to follow closely.
NASDAQ:TSLALong
by FOREXN1
9
$TSLA NOT SO FAST BEARS!NASDAQ:TSLA is my bread-and-butter stock. Yet I remain unbiased until a I have a reason. That being said, even with today's bearishness we still have much to break to the downside. I see a reason to be bearish with selling being seen into these pops, and typically that's something to note, but in the same breath this can cause tension on the sell side, making it easy to pop. Tomorrow, I see 253.50 as the candle close if we drop and chop. IF this acts as a reversal point, we still have yet to fully test our downtrend. So, I will be looking for a potentially STRONG reversal up. This again will drive buyers into that move, and without 275.50 broken, we have no signal for CONTIUNATION.
NASDAQ:TSLA
by PotterStocks-PBS
1
Tesla (TSLA) -> 300% Is The GoalMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Tesla. With the Covid19 Crash in March of 2020 Tesla stock perfectly entered a solid rising channel and and pumped more than 1000% towards the upside before retracing 70%. Following this bullish trajectory I do expect another short term pullback to retest the $200 level before we could see a pump at least back to the previous all time high at $400. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
NASDAQ:TSLALong
by basictradingtv
74
Tesla -> Will Hisory Repeat ItselfMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️ I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Tesla. All the way back in 2020 Tesla stock broke out of a monthly triangle formation and pumped more than 1.500% towards the upside. You can see that at the moment Tesla stock is once again creating a monthly triangle formation and there might be another breakout coming soon. - - - - - - - - - - - - - - - - - - - - When the market moves where, and how, and if - these are all unknown. The only thing which you can control is your risk. - Philip Basic Trading - Keep the long term vision🫡
NASDAQ:TSLALong
by basictradingtv
26
TESLA Buy only over this level. 360 is the extension above it.Tesla / TSLA continues to trade inside the Channel Up that was initiated at the start of the year. The 1day RSI is neutral so despite the presence of the Channel's bottom, we can see a break either way. Buy only if the price closes over the Falling Resistance, which was what initiated the June / July rally last time. The longer the Falling Resistance doesn't break, the more probable it is to see a 1day MA200 test. Target 360.00 which is +0.618 Fibonacci on top of the previous High (1.00 then 1.618 then 2.236). Follow us, like the idea and leave a comment below!!
NASDAQ:TSLALong
by TheCryptagon
TESLA ran into the sellers zone againYes, I'm already short TESLA. And I want to load my boat even more. Here's why: 1. The grey up-sloping Pendulum Fork produces a big HAGOPIAN. 2. Price get's knocked on the head, every time it trades into the Sellers Zone. (Sellers are still there). 3. Red down-sloping Fork: Price got rejected at the U-MLH. That's it? Yes, that's it. If you want the very details of this analysis, I did a deep dive of TSLA this morning and posted the Video. Let me know what you think about this trade §8-)
NASDAQ:TSLAShort
by Tr8dingN3rd
6
TESLA Over the 4H MA50 again. Hyper leg rally is starting.Tesla closed over the 4H MA50 again, a strong display of bullish momentum, turning the 1D technical outlook marginally bullish again (RSI = 55.241, MACD = -0.880, ADX = 30.931). The 4H MACD formed a Bullish Cross, same as April 28th that was a bottom on the Channel Up pattern. We stick to our long term TP = 325.00. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLALong
by InvestingScope
2
TSLA - Price action and Volume are trending oppositelyBased on analysis of Price Action and Volume together, we can see that current volume is trending higher while the Price has Red TrapZone formed. Therefore there is NO VALID Trade Bias. Price action analysis is performed by TrapZone Pro. I published a "Volume Only" analysis using the Unusual Market Volume Detector as well to form a contrast. Price action only tells one half of the story, the other half is Volume. So when we put both together we get the complete picture.
NASDAQ:TSLA
by SnowflakeTrader