Teslaanalysis
Solar Energy Systems of Tesla Caused a SueWalmart sued Tesla on Tuesday for its solar energy panels. In addition to that, the retail corporation accused the firm of widespread negligence, which resulted in repeated fires of its solar systems. The company also ask the court to order Tesla to get rid of its solar panels from over 240 of its U.S. stores.
Moreover, the electric car maker installed these solar energy systems, and, of course, the firm is responsible for fires at seven locations. Aside from that, there were dozens of it with hazardous issues like loose wiring and hot spots on panels.
But as on now, Tesla did not give any comment regarding this matter.
In the lawsuit, it accused the firm of having workers who lack training. And they are the one putting up shoddy installations, which displays utter incompetence of callousness, according to the court papers.
Solar Business of Tesla
Meanwhile, Tesla got its solar energy systems through its $2.6 billion purchase of SolarCity back in 2016. And the lawsuit became the latest blow to the firm’s already struggling business. Since the deal, quarterly installations collapse over 85%. And this happened after Tesla chopped its solar panel sales force and ended a distribution deal with Home Depot.
Furthermore, in the lawsuit of Walmart, it stated the fires damaged significant amounts of store merchandise and needed solid repairs. As a result, the firm lost millions of dollars.
Tesla Shares
Despite Tesla’s self-inflicted wounds and dropping shares around 32% in 2019, billionaire investor Ron Baron stayed bullish on the company and CEO Elon Musk.
And the reason for his consistent support is the ongoing expansion of the electric carmaker firm in China. Aside from that, its revenue growth and improvements in all-electric vehicle technologies are also part of his reasons to keep holding to the firm.
After opening at $227.62 per share, Tesla stock was relatively firm Tuesday morning.
Tesla! 420 next year?Hi guys, Tesla just came down to long term support and held, and then came up and reject resistance so it looks as if we are in the same range as from 14-16.
We are currently sitting in the middle of the range, I believe that the next big break will set the trend for the next 6-12 months.
Fundamentals:
For Tesla to succeed and see enormous growth they need to achieve full self-driving, I think they are still a few years away.
The second thing is battery production and having access to the largest EV market which is China. This is coming with the gigafactory being built this year.
Overall I am bullish on innovation so I'm bullish on Tesla, this doesn't mean we can't lose support and test lower :).
TSLA Long Position OpportunityTSLA price has broken out from a 6-months ranging inside a descending channel.
On top of that, price has steadily climbed along SMA20 and made a bullish cross over SMA50.
This had given further confirmation on a new uptrend which started in early June.
Taking the price level at early June as the swing point low stoploss, this trade would give a decent risk reward of at least 1:2
Tesla Short ReversalHi guys its Brian here with a short opportunity for Tesla.
Tesla is currently in a downtrend ever since start of the year as seen by the downward sloping trend channel. The price has also always been consistently below the ichimoku cloud from February onwards.
Tesla reached the support level of about 175 level at the start of June and showed an upward correction but the correction is starting to end as seen by the strong red candle upon hitting the blue trend resistance channel. Volume also increased on the 2nd red candle showing there is strong bearish pressure driving prices downwards.
If shorting here, take profit could be set at about 195ish or even the previous support level at 180ish
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TESLA: Follow up analysis, bearish sentiment remainsWelcome to a follow up TA on TESLA,
Clear skies this week for TESLA as a good amount of recovery as shown on the charts. this may just be a dead cat bounce, an overextension of the downward price capitulation follow by a sharp recovery.
However, pay close attention to the overhead resistance level at approx $240. What served as previous support down serves a new resistance. Moreover, price is trending well below all three moving averages indicating downtrend in full swing. No RSI or MACD divergence detected - thus confident that this unlikely a reversal pattern in play. A safe move would be to observe price action between the 61-78% fib ranges before placing any shorts.
TSLA bounced as expected, next? Tesla updated Support ResistanceUpdate to previous analysis looking for a bounce then leg down (click) .
Tesla bounced as expected, helped by an overall market bounce.
The market bounce was also expected, per this S&P500 plot (click) .
Dead Cat bounce or true Reversal is unclear for the overall market.
Many analysts on the news are calling for doom and gloom for Tesla.
So nothing new there, ''talking heads" have been saying that forever.
But clearly we have a major downturn in sentiment towards this stock.
The downward velocity has been increasing (accelerating).
The last wave is probably not done yet, a lower low is likely.
Looking for a "blow off" spike below supports on high volume.
193-195 is immediate resistance but should be surpassed.
203-205 is mostly likely bounce target, then a leg down.
253-256 is MAJOR resistance, I am selling there for sure.
174-178 is immediate support but will not hold another hit.
139-143 will be strong support perhaps after $150 stop hunt.
123-126 is MAJOR support that if approached is a big buy.
.
See some of my other plots and trade calls below.
I also plot Forex and Crypto, take a look at my profile page .
SPX bounce
SPX top Oct 2018
FaceBook bounce
Twitter bounce
NetFlix bounce
Amazon scalp
Gold long
Silver long
Oil long
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
CNBC and Morgan Stanley are idiots. TSLA is a buy.This is a fractal analysis of THE most undervalued and hated upon and shorted upon Tech stock of our generation.
The constant barrage of anti Tesla FUD has gotten to such an extreme level that me and my wife had to make a friggin youtube video about it on our
quite small youtube channel:
youtu.be
This analysis is quite simple, based on a fractal idea, and in early 2016 we had the same situation as now.
The chart situation looked very similar. Back then, the stock also fell by a factor of 2 over months, reaching brutal lows in early 2016.#
The same people were responsible: CNBC, Chanos, Morgan Stanley et al.
Very very similar situation back then. And we all knew what happened afterwards.
People shorting Tesla are like People who in the early 20th century said:
THIS AUTOMOBILE WILL NEVER TAKE HOLD. I'LL PREFER MY HORSE ANY DAY!
Or people who back in the 90s said: BAAAAHHH...I WILL NEVER USE THIS STUPID INTERNET THING!!
Or people who now also say: BITCOIN IS A FRAUD, IT WILL NEVER SEE MAINSTREAM ADOPTION.
People who don't understand what a paradigm shift is occuring now in the automotive sector, the transition from ICE cars, to electric cars,
need to wake up. Shorting this stock at these levels here is madness. But, it is a perfect opportunity to get in cheap for a nice long position.
CNBC and their vassals Chanos and Morgan Stanley, want to manipulate this market, because they get money from Big Oil and the old, dying, Legacy carmakers.
The ICE car is dying, and they are desperate. Sales of traditional cars stay constant at best, but tend more to the downside.
Whereas electric vehicle sales x10 folded worldwide from 2013 to 2018. They continue to do the logistics- S curve, and are growing exponentially.
And so is Tesla.
Demand for the Model 3 is huge, and the Shanghai Gigafactory 3 will soon go online. They have consistently sold x2 more cars every year than in the previous year. 2019 will be the same.
A cheap model 3 produced in China, flooding the market. Production margin will increase even more.
Would you have shorted the Automotbile in 1900?
Or the Locomotive in 1830?
Would you have shorted the Television in 1950?
Or the PC in 1980?
Then why short Tesla? WHY SHORT INNOVATION?
It doesn't make sense.
And CNBC and Morgan Stanley are idiots and manipulators.
This was my anti Tesla FUDsters and Shorters rant. Enough now ! CIAO !
What Investors Don't Consider When Bashing TSLA!
NASDAQ:TSLA Is extremely undervalued and I'll tell you why I believe the stock will be worth IMHO 15x its current value in the next 10 years.
NASDAQ:TSLA has a market cap of $34B as of market closing Friday May 24th. The brand is most known for electric Vehicles and a controversial & genius CEO.
Revenues for 2019 is expected to be $30B...so it will be trading at 1x sales and revenue has been growing at a clip of approx. 60% per year.
Tesla's revenue grew 10x in 5 years...that's insane. If Tesla's revenue grows by half that compounded amount in the next 5 years it will have revenue of $75B! At 5% net margins which is typical for the automotive industry(And Tesla is far from being "Typical") profit can be $3.75B. With a p/e multiple of 10, it is a $37.5B company all day long--basically where it sits currently.
Year after year I see more and more Tesla's on the road and every person I ask who owns one says they love it--including me!
Oh ya, that's right... NASDAQ:TSLA also owns the largest Lithium battery plant in the world...the Gigafactory. I forgot about that... the vision here is to make lithium a highly used energy source for powering cities and supplying other automakers with energy units for their cars. Genius. Lithium battery sales alone can outpace their auto unit.
NASDAQ:TSLA is such a new company..it hasn't even begun to monetize on the brand and technology in other areas like Honda, Ford, and Toyota.
Tesla can come out with Motorcycles, Pick up trucks, Freight Trucks, Seadoos, Motorboats, lawnmowers, and the list goes on...and let's not forget Autonomous taxi services (UBER valued at $70B with half the revenue of TSLA).
Of course, Tesla has to get it's shit together with vehicle production first; but when it does and it will, the company will come out with a forest of other products that it's raving fans will purchase. Today at $190 a share the company is a steal and a half.
The company has such a strong world-renowned brand and is at the cusp of the worlds most crucial topic; Climate Change. The funny thing is it spends basically $0 on advertisement when other automakers spend billions.
In conclusion, NASDAQ:TSLA is a great risk:reward investment. The downside is always the most important thing to look at in comparison to the upside and IMHO Tesla has very little downside in terms of its fundamental value. Remember Apple in the 90s (www.nytimes.com).
TESLA - BEARISHTesla has broken out of the bullish channel and is now looking very bearish.
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates potential support/resistance .
Red line indicates t/p.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
This chart is made using fib channels.
$TSLA LONG | CURRENTLY ON SUPPORT LEVELHello hello hello...
It's time for a brand new analysis, today we're breaking out $TSLA.
This chart is on 1 hour timeframe. As we can see $TSLA has hit the 250 mark for 2 times already and it has bounced back to 300-340 mark. This pattern has hit already twice in a row, now we will see if it happens for the third time.
RSI9 is pretty nice indicator in downtrends and if you look at the RSI bottoms it is lining up with other dips. After these dips it everytime does a correction. Even tho Wall Street is now skeptical about Tesla's future, I still believe in chart analysis. It will get up! :)
#LONGTESLA
Breakout of falling wedge $TSLATSLA has been trading in a falling wedge since the middle of december 2018.
It perfectly touched the upper and lower trendline a few times and now broke out above the upper trendline.
Entry for this is anywhere around 292$-295$
Target = 372$
Stop loss = 235$
Risk/Reward ~ 1.4 - 1.5
+24% Tesla Long, Fully Explained Strategy.Hello guys, the chart is pretty self-explanatory.
Follow the instructions and take your profits wisely :)
Remember if the conditions for entry don't happen, don't force the trade - entry conditions are also a crucial part of the strategy.
PS: I'd bet on the #1 target since it's a shorter term analysis, if you look at the weekly candles there's a big possibility of a further move down. Therefore I'm betting on a smaller bull run for a correction.
But, we're close to the W bot, so it's worth the risk if it's the W bottom we are talking about of a possible 50%+ trade, look at the related ideas, there's a W analysis and it will make more sense.