Tesla Suspends Guidance: Why Its Forecasts Were Often WrongTesla Pulls the Plug on Guidance: Why Its Forecasts Weren't Worth Much Anyway
Tesla, the electric vehicle behemoth that has captivated and often confounded investors for over a decade, has made another move guaranteed to stir debate: it's suspending its forward-looking guidance. For many companies, withdrawing financial forecasts signals significant uncertainty or a major strategic shift, often sending shares tumbling. While Tesla's stock undoubtedly reacts to such news, a deeper look reveals a compelling argument: Tesla's official guidance, particularly in recent years, had become such a moving target, so frequently untethered from eventual reality, that its predictive value was already deeply questionable. Suspending it might simply be acknowledging the obvious.
For years, Tesla's earnings calls and investor communications were punctuated by ambitious, often audacious, targets set by CEO Elon Musk and the company. These weren't just vague aspirations; they were often specific numbers for vehicle deliveries, production ramps, timelines for new technologies like Full Self-Driving (FSD), and launch dates for anticipated models like the Cybertruck or the Semi. The market, enthralled by Tesla's disruptive potential and Musk's charismatic pronouncements, frequently hung on these words, baking them into valuation models and trading strategies.
However, the history of Tesla meeting these self-imposed targets is, charitably speaking, inconsistent. The guidance often veered into the quixotic, reflecting a potent blend of extreme optimism, engineering ambition, and perhaps a dash of Musk's famed "reality distortion field."
Consider the infamous "production hell" of the Model 3 ramp-up. Initial targets were wildly optimistic, projecting volumes that the company struggled immensely to achieve, facing bottlenecks in battery production and assembly line automation. While Tesla eventually overcame these hurdles, the timeline and cost deviated significantly from early guidance. Similarly, the promise of Full Self-Driving has been a perennial "next year" phenomenon. While the capabilities of Tesla's Autopilot and FSD Beta have advanced significantly, the arrival of true Level 4 or 5 autonomy, capable of operating without driver supervision under virtually all conditions – as often implied by the timelines suggested in guidance – remains elusive, years behind schedules hinted at in past forecasts.
The Cybertruck provides another stark example. Unveiled in 2019 with a projected start date that came and went multiple times, its eventual, limited launch in late 2023 was years behind schedule, and scaling its unique manufacturing process remains a challenge. Guidance around its ramp-up has been adjusted repeatedly.
This pattern isn't necessarily born from deliberate deception, but rather from a confluence of factors inherent to Tesla's DNA and the volatile industries it operates in:
1. Aggressive Goal Setting: Musk is known for setting incredibly ambitious "stretch goals" intended to motivate teams to achieve breakthroughs. While effective internally, translating these aspirational targets directly into public financial guidance is fraught with risk.
2. Underestimation of Complexity: Bringing revolutionary products to mass market – whether it's a new vehicle platform, a complex software suite like FSD, or novel battery technology – involves navigating unforeseen engineering, manufacturing, supply chain, and regulatory hurdles. Initial guidance often seemed to underestimate these complexities.
3. Market Volatility: The EV market itself is dynamic. Consumer demand shifts, government incentives change, raw material costs fluctuate, and competition intensifies – all factors that can derail even well-laid plans and render guidance obsolete.
4. The "Musk Factor": Elon Musk's public statements, sometimes made spontaneously on social media or during earnings calls, often became de facto guidance, even if not formally enshrined. His optimism could inflate expectations beyond what the operational side of the business could reliably deliver on a set schedule.
Given this history, why did the market continue to pay such close attention? Part of it was the sheer scale of Tesla's ambition and its undeniable success in revolutionizing the automotive industry. Investors betting on disruption were often willing to overlook missed targets, focusing instead on the long-term vision. Past stock performance also created a feedback loop; as the stock soared despite missed guidance, it reinforced the idea that the specific numbers mattered less than the overall trajectory and narrative. Guidance served as a signal of intent and ambition, even if the execution timeline slipped.
However, the context has shifted dramatically. Tesla is no longer the lone wolf in a nascent EV market. Competition is fierce, particularly from Chinese automakers like BYD, but also from legacy manufacturers finally hitting their stride with compelling EV offerings. Global EV demand growth, while still present, has slowed from its previously exponential pace. Tesla itself has engaged in significant price cuts globally to maintain volume, putting pressure on its once-stellar automotive margins.
In this more challenging environment, the luxury of consistently missing ambitious targets wears thin. The decision to suspend guidance now can be interpreted in several ways:
• Pragmatic Realism: Management may genuinely lack visibility into near-term demand, production capabilities (especially with new models or processes), or the impact of macroeconomic factors. Suspending guidance is arguably more responsible than issuing forecasts they have low confidence in.
• Strategic Pivot: Tesla is increasingly emphasizing its future potential in AI, robotics (Optimus), and autonomous ride-sharing (Robotaxi). These ventures have even longer and more uncertain development timelines than vehicle production. Focusing investor attention away from quarterly delivery numbers might be part of a strategy to reframe the company's narrative around these future bets.
• Avoiding Accountability: A more cynical take is that suspending guidance removes a key benchmark against which management's performance can be judged, particularly during a period of slowing growth and heightened competition.
Regardless of the primary motivation, the practical implication for investors is clear: the already thin reed of Tesla's official guidance is now gone entirely. This forces a greater reliance on analyzing tangible results – actual deliveries, reported margins, cash flow generation, progress on FSD adoption rates, and demonstrable advancements in new ventures – rather than promises of future performance.
The suspension underscores that investing in Tesla requires a strong belief in its long-term vision and its ability to execute on extremely complex technological and manufacturing challenges, often without a clear, company-provided roadmap for the immediate future. The focus must shift from parsing guidance to meticulously evaluating performance, competitive positioning, and the plausibility of its next-generation bets.
In conclusion, Tesla's decision to stop issuing formal guidance is less of a shockwave and more of a formal acknowledgment of a long-standing reality. Its forecasts were often more aspirational than operational, reflecting a culture of ambitious goal-setting within a highly volatile industry. While the absence of guidance introduces a new layer of uncertainty, savvy investors likely already applied a significant discount factor to Tesla's projections. The company's future success now hinges more transparently than ever not on what it promises for tomorrow, but on what it demonstrably delivers today. The quixotic forecasts may be gone, but the fundamental challenge of execution remains.
Teslamotors
Tesla Shares (TSLA) Drop Nearly 6% Ahead of Quarterly ReportTesla Shares (TSLA) Drop Nearly 6% Ahead of Quarterly Report
On Monday, Tesla’s share price fell by almost 6%, dipping below $230 and hovering near its yearly low. Since the beginning of 2025, Tesla shares have lost approximately 44% in value, marking their worst quarter since 2022.
Why Is TSLA Falling?
There is no shortage of investor concerns, including (as reported by various media outlets):
→ Elon Musk’s involvement with the Trump administration, which is said to be distracting him from focusing on Tesla, particularly as signs emerge of slowing progress in the development of robotaxis and autonomous driving technology.
→ A decline in demand — both for the Cybertruck model specifically and the product line in general — especially amid protests and boycotts across the US and Europe. Tesla previously reported 336,681 vehicle deliveries in Q1, down 13% compared to the same period last year.
→ Increased competition from Chinese carmakers, uncertainty around international trade tariffs, and other contributing factors.
According to The Wall Street Journal, analysts at Barclays and Oppenheimer have voiced concerns about “brand dilution” and weakness in China, while Dan Ives of Wedbush is hopeful for an “inspirational vision” from Elon Musk.
Technical Analysis of TSLA Stock
We previously noted the importance of the $220 support level, which prevented the price from falling further during the first half of April (as indicated by the arrow), at a time when broader stock indices showed much more bearish trends.
That level still appears relevant for now, but it’s likely that the upcoming quarterly earnings report will trigger a sharp increase in volatility. Should investors find the results underwhelming, TSLA’s share price could fall to the lower boundary of the current descending channel (highlighted in red), potentially breaching the psychological $200-per-share mark.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
TSLA Weekly Options Trade Plan 2025-04-17TSLA Weekly Analysis Summary (2025-04-17)
Below is an integrated analysis of the reports and market data:
──────────────────────────────
MODEL REPORTS – KEY POINTS
• Grok/xAI – Price and moving averages on both 5‑min and daily charts are below key EMAs; RSI and MACD point to current bearish momentum. – Notable technical support at about 239.75 with resistance above near 242. – The options chain shows heavy put activity at the $240 strike (premium about 0.67), and max pain is at 245, although that level is less relevant for a near‐term (0DTE) trade. – Recommendation: Trade the TSLA $240 PUT at an ask of 0.67 at the open, aiming for roughly a 100% gain and using about a 50% loss as a stop.
• Gemini/Google – Technicals on short‐term and daily timeframes are mixed: the daily chart is clearly bearish while some 5‑min indicators hint at stabilization. – Conflicting signals (including the max pain pull toward 245 and falling VIX) result in not having a high‑conviction directional bias. – Conclusion: “No trade” is recommended today because the conflicting indicators raise the risk of getting whipsawed.
• Claude/Anthropic – Technical analysis on both 5‑min and daily confirms a moderately bearish bias (price well below major EMAs, RSI below 50). – However, one suggested trade was a TSLA $237.50 PUT at an extremely low premium (0.13) which seems less attractive given the preferred premium range. – In essence, the model sees downside potential but selected a strike a bit further out from the current price.
• Llama/Meta – A moderately bearish setup is noted, with the technical picture similar to the others on very short‐term charts. – However, the model also flags the influence of max pain at 245 and concludes that a naked call (for example, at the $240 or $242.50 strike) could profit if the upward “max pain pull” works in play. – Ultimately, this view contrasts with the put trades favored by others.
• DeepSeek – Confirms the overall technical picture: price is below key averages, with bearish momentum evident on both 5‑min and daily charts. – Emphasizes the high open interest on $240 puts and the near-term support at 239.75. – Recommends buying the TSLA $240 PUT at its 0.67 ask price for this weekly (0DTE) option. ────────────────────────────── 2. AREAS OF AGREEMENT AND DISAGREEMENT
Agreements: – Most reports note that TSLA is trading in a moderately bearish state with price below the relevant moving averages and key support levels near 239.75. – There is broad recognition that options activity is concentrated around the $240 strike—especially on the put side, where volume and open interest are very high, underscoring bearish positioning. – Technical indicators (RSI, MACD, Bollinger Bands) on short‑term and daily charts lean toward bearishness despite some very short‑term signals of stabilization.
Disagreements: – Gemini/Google sees too many conflicting signals (including the upward pull implied by max pain) and hence recommends no trade, while the majority of the other analysts view the setup as tradeable. – Llama/Meta is open to trading a naked call (capitalizing on the max pain influence) whereas Grok/xAI, DeepSeek, and to a lesser degree Claude/Anthropic advocate for a bearish put trade instead. ────────────────────────────── 3. CONCLUSION & TRADE RECOMMENDATION
Overall Market Direction Consensus: Most opinions point to a moderately bearish bias for TSLA on a near-term, 0DTE weekly horizon. Even though conflicting signals (like max pain toward 245 and some stabilization on very short timeframes) introduce uncertainty, the weight of the technicals and put side open interest lean toward downside pressure.
Recommended Trade: Trade a single‑leg, naked PUT (weekly option) on TSLA.
Trade Parameters: – Instrument: TSLA – Strategy: Buy a TSLA $240 PUT – Expiration: 2025‑04‑17 (weekly, 0DTE) – Premium: Approximately $0.67 per contract (slightly above the preferred range, but justified by high liquidity and clear technical support) – Entry Timing: At the open – Profit Target: Around 100% gain from the entry premium (i.e. exit near a $1.34 premium) – Stop‑Loss: Roughly a 50% loss at about $0.33 per contract – Confidence Level: Approximately 65% – Key Risks & Considerations: • The mixed signals (especially Gemini’s caution and the max pain theory) mean price could quickly reverse if TSLA rebounds near 245. • Very short‑term trading (0DTE) carries risks related to rapid time decay and volatility spikes. • A failure to break important support (around 239.75) would warrant an early exit. ────────────────────────────── 4. TRADE_DETAILS (JSON Format)
{ "instrument": "TSLA", "direction": "put", "strike": 240.0, "expiry": "2025-04-17", "confidence": 0.65, "profit_target": 1.34, "stop_loss": 0.33, "size": 1, "entry_price": 0.67, "entry_timing": "open" }
Disclaimer: This newsletter is not trading or investment advice but for general informational purposes only. This newsletter represents my personal opinions based on proprietary research which I am sharing publicly as my personal blog. Futures, stocks, and options trading of any kind involves a lot of risk. No guarantee of any profit whatsoever is made. In fact, you may lose everything you have. So be very careful. I guarantee no profit whatsoever, You assume the entire cost and risk of any trading or investing activities you choose to undertake. You are solely responsible for making your own investment decisions. Owners/authors of this newsletter, its representatives, its principals, its moderators, and its members, are NOT registered as securities broker-dealers or investment advisors either with the U.S. Securities and Exchange Commission, CFTC, or with any other securities/regulatory authority. Consult with a registered investment advisor, broker-dealer, and/or financial advisor. By reading and using this newsletter or any of my publications, you are agreeing to these terms. Any screenshots used here are courtesy of TradingView. I am just an end user with no affiliations with them. Information and quotes shared in this blog can be 100% wrong. Markets are risky and can go to 0 at any time. Furthermore, you will not share or copy any content in this blog as it is the authors' IP. By reading this blog, you accept these terms of conditions and acknowledge I am sharing this blog as my personal trading journal, nothing more.
Tesla (TSLA) Shares Jump Approximately 22% in a Single DayTesla (TSLA) Shares Jump Approximately 22% in a Single Day
Tesla was among the standout performers in the stock market rally that followed President Trump’s decision to delay, by 90 days, the implementation of new international trade tariffs — with the notable exception of China. According to the charts, Tesla (TSLA) shares surged by approximately 22%.
Why Did TSLA Shares Soar?
Some insight comes from Cathie Wood, CEO of asset management firm ARK Invest.
In an interview with Barron’s on Wednesday, she noted the following:
→ Tesla plans to launch a new, more affordable vehicle this quarter, likely priced at around $30,000 — roughly half the cost of the base Model Y.
→ The upcoming release of Tesla’s robotaxi service could also lower the need for large upfront vehicle purchases, offering consumers a more economical alternative.
→ Tesla sources more components from North America than most other US carmakers, meaning it is less exposed to tariff-related costs.
And there’s another reason TSLA may have jumped — one that can be found in the chart.
Technical Analysis of TSLA
Take note: the March and April lows (marked with arrows) are both around the $220 level. Meanwhile, the S&P 500 (US SPX 500 mini on FXOpen) posted a significantly lower low in April compared to March. This suggests that, in early April, TSLA was outperforming the broader market. Why?
One possible explanation is that there has been — and perhaps still is — a strong accumulation interest in TSLA. Buyers may have been quietly scooping up available shares amid recession fears. When yesterday’s news suddenly shifted market sentiment, the “spring” uncoiled, catapulting TSLA’s share price upward.
However, the overall downtrend remains intact. If bullish momentum continues, the price may encounter resistance around the psychologically significant $300 level — which coincides with the upper boundary of the downward channel.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
nazis arent from south africawhat do u want me to say...
weekly chart here w/ weekly trendlines (aggressive & conservative- dashed)
earnings report on the 22nd line up at 200$ for Q1. awfully close at the 173/169 dollar too.
what does the FOMC have to say on the 9th???
i have an alert at 200, i'll buy @ 175$ (wait n see a week or two)
the Left losing their minds!!!!!!!
Tsla Lesson Tesla Stock Always Pay YOURSELFI say this time and time again and this is a PRIME EXAMPLE SO FAR.
🌍Now I suggested THAT IF YOU WERE A TESLA BULL that you might want to start to PAY ATTENTION TO THE STOCK TWO WEEKS AGO.
❓️"OK SO WHAT'S THE LESSON"❓️
I emphasise ALWAYS that TIME TRUMPS PRICE...
TESLA has been rather docile since its initial POP.
But take a look at the HIGHER TIMEFRAME WEEKLY CHART❗️
Whats clear to see is that although the PRICE RANGE hasn't been MASSIVE there has been plenty OF ⏳️TIME TO CAPITALISE AND PAY YOURSELF. £$€¥ 💰
Two 📈HIGHER CLOSES ON THE WEEKLY and the call made whilst the weekly looked EXTREMELY BEARISH📉
EVEN RIGHT NOW we are currently UP ON THE WEEK UNTIL NOW.
ℹ️ If you WERE UNABLE to STRUCTURE A TRADE TO TAKE advantage of this PRICE RANGE whilst DAY TRADING you may need to LOOK BACK and STUDY WHY NOT.
⚠️You could have paid yourself several times over already and even if TESLA was to seek lower prices from here you SHOULD HAVE BACKED SOMETHING ALREADY.
✅️AS ALWAYS TRADE YOUR PLAN & WAIT FOR YOU SIGNAL✅️
Tesla Stock Continues to Trade Within a Bearish ChannelThe monthly movements of Tesla's stock continue to reflect persistent downward pressure, with a decline of just over 10% since the beginning of March, showing steady selling interest. The bearish sentiment has remained in place as growing discontent over Elon Musk's political positioning has damaged the brand's image, while concerns over a potential trade war have raised fears that Tesla’s international sales may be negatively affected.
Bearish Channel:
Currently, the most important formation on the chart is a strong bearish channel that has remained intact since the final days of December 2024. So far, recent bullish attempts have failed to break out of this structure, reinforcing the broader bearish bias in the long-term outlook.
MACD Indicator:
The latest movements in the MACD histogram have started to show a notable decline, indicating that momentum in the moving average trend may be fading in the short term. This is likely due to the price reaching the upper boundary of the bearish channel, where resistance remains strong.
ADX Indicator:
The ADX line is currently trending downward, hovering just above the neutral 20 level. As this pattern continues, it reflects a lack of strength in recent price movements, pointing to growing indecision, which in turn reinforces the current resistance zone where the price is consolidating.
Key Levels to Watch:
$290: A significant resistance zone, aligning with the top of the bearish channel and the 200-period moving average. Sustained buying above this level could threaten the current bearish structure and signal the start of stronger bullish pressure.
$220: A key support level, representing the recent lows in the stock. A clean break below this zone could confirm a stronger bearish trend, opening the door for more aggressive selling in the sessions ahead.
By Julian Pineda, CFA – Market Analyst
Tesla - There Is Hope For Bulls!Tesla ( NASDAQ:TSLA ) is just crashing recently:
Click chart above to see the detailed analysis👆🏻
After Tesla perfectly retested the previous all time high just a couple of weeks ago, we now witnessed a quite expected rejection of about -50%. However market structure remains still bullish and if we see some bullish confirmation, a substantial move higher will follow soon.
Levels to watch: $260, $400
Keep your long term vision!
Philip (BasicTrading)
SeekingPips sees TSLS Tesla GAIN $60 ! What's Next?It's hard for many traders to do. 🤔
⭐️ I still see it today with traders and investors alike. Even with some who have been at it for many years...
BUT some of the BEST ENTRIES & EXITS for me have been when the OPEN CANDLE IS COMPLETELY AGAINST ME.
The LAST WEEKLY TESLA chart that I shared is another prime example of this.
🟢SeekingPips🟢 shared a BULLISH BIAS when the WEEKLY CHART was looking as BEARISH as hell. 🔥
ℹ️ Now it really is not a method that works for everyone.
Trading against momentum always looks SCARY BUT the SECRET is MULTI TIMEFRAME ANALYSIS and also being able to...
VISUALISE DIFFERENT OBSCURE TIMEFRAMES IN REAL-TIME USING THE CURRENT OPEN CHART.
⚠️I plan on going DEEPER INTO this rabbit hole with some information and examples in the TUTORIAL SECTIONS soon.⚠️
🚥 In it's simplest terms an example would be beaing able to note where price is on a 20 or 10 min chart just only by having a 5 minute chart in front of you.
By being able to do so in REAL-TIME KEY LEVELS POP OUT that you may not have noticed from the 5 minute chart perspective only.💡💡💡
Now 🟢SeekingPips🟢 has to wait for a TRIGGER for a NEW ENTRY & SO SHOULD YOU.👍👌👍
Tesla What Next? TSLA Buy Bargain OR Bust?✅️Now you guys know my thoughts on this and although TESLA has been beaten ⚫️black⚫️ and 🔵blue🔵 recently somehow there may be an opportunity on the horizon.🚀
ℹ️ The way I look at it is unless you think TSLA is dead forever and to be cast to the dustbin 🟢SeekingPips🟢 would be looking for a buying opportunity.
👌I don't know who coined the phrase first however it's one that 🟢SeekingPips🟢 loves and uses often it's
⭐️"BUY WHEN THERES BLOOD IN THE STREETS"⭐️
⚠️Now don't get me wrong it doesn't mean I will be loading up gun ho RIGHT AT THIS MOMENT but it certainly DOES MEAN I'M NOT A SELLER AND STALKING BUYING OPPORTUNITIES✅️
❓️What's you thoughts on Tesla❓️
Share your thoughts with 🟢SeekingPips🟢
Tesla Stock Analysis: Nearly 50% wiped offTesla Stock Analysis: Navigating Key Support and Resistance Levels.
Tesla (TSLA) has experienced significant volatility, with its stock price retreating nearly 50% from its all-time high (ATH). The last major rally, which began on October 23, 2024, at approximately $211, propelled the stock to an ATH of $487 on December 18, 2024.
However, since reaching this peak, Tesla has been on a downward trajectory, breaching key Fibonacci retracement levels.
Recently, the stock fell below the critical 78.6% Fibonacci retracement level, reaching $250 before staging a minor bounce.
Despite this rebound, Tesla is currently struggling beneath a confluence of a descending trendline and a horizontal support-turned-resistance zone, creating a challenging environment for bullish momentum.
Key Technical Factors to Watch:
📉 Bearish Pressure Below Resistance
The confluence of the descending trendline and horizontal resistance is currently capping Tesla’s recovery attempts.
A rejection at this level could reinforce selling pressure and push the stock toward retesting lower support zones.
Tesla LongTesla Long Analysis
Tesla (TSLA) currently presents potential long opportunities near key support zones at $194 and $186. These levels align with historical demand zones and provide a favorable risk-to-reward setup for bullish trades.
Key Analysis:
Support Levels:
$194: A critical zone where buying activity has previously increased, indicating strong institutional interest.
$186: A lower support level that historically acts as a buffer against further downside.
Technical Indicators:
A confluence of moving averages and trendline support near these zones bolsters their significance.
Catalysts:
Upcoming earnings or positive developments in Tesla’s production or delivery numbers could act as bullish triggers.
General market sentiment and Nasdaq trends will also play a role in TSLA's price action.
Strategy:
Entry: Long positions near $194 and $186 with stop-losses below respective levels.
Target: First target around $240 and extended target near $350, depending on momentum.
This setup provides an opportunity for scalpers and swing traders to capitalize on Tesla’s volatility with managed risk.
TESLA SWING LONG IDEA - TSLA We had a great run on Tesla after Trump's election, which boosted the idea of Robotaxi and green earnings over time.
If you follow me on X, you would know that I have been buying Tesla since the $204 level (August 5th crash). We had a great run from there to $490.
Currently, we have seen a 33% retracement from the top.
The price hit the weekly demand zone and showed a strong rejection there (forming a weekly dragonfly doji).
I have started to build a swing position from this level to ride Tesla to new all-time highs.
The first challenge will be the bearish trendline that has been driving the bearish trend since December 18th. Breaking that trendline should lead to new highs, in my opinion.
If the price breaks and closes below $300 on the daily chart, it will invalidate my setup, and I will look to exit the position.
Tesla - The Failed All Time High Breakout!Tesla ( NASDAQ:TSLA ) will reject the all time high first:
Click chart above to see the detailed analysis👆🏻
Tesla was actually not able to create a sustainable all time high breakout and if a stock doesn't move up, it will come down. However Tesla still remains absolutely bullish and is now starting to create a textbook break and retest which will eventually still lead to new all time highs.
Levels to watch: $400, $280
Keep your long term vision,
Philip (BasicTrading)
Under 3-Minute Deep Dive Into Tesla (TSLA) – Big Move ComingTesla just pulled back to $320 on the weekly chart, and this is where things get interesting. If buyers step in, we could see a strong push to $370, and if that breaks, $397 and even $417 are in play.
But here’s the flip side—if Tesla loses $320, things could unravel fast, and $250 might not be far off.
I’m watching this level closely because the next move could be huge.
Kris/Mindbloome Exchange
Trade Smarter Live Better
Tesla has a Cup&Handle target of 500 dollarsHello Tradingview people!
Before i explain my idea... I just want to make it clear this is an idea and nothing more! if NASDAQ:TSLA doesn't do this specific pattern I'm showcasing, then don't come crying to me (Do your own research before investing)
Alright it's fairly simple as you can see.. Tesla is atm making a classic "Cup and handle" pattern that's famous in the TA world! This certain pattern (on my chart at least) has a target of 450-550 dollars.
Could this fail? Of course.. Some say a "cup and handle" pattern has a success rate of 95% but some other sources shows around the 70% mark (so I guess 70-95% chance)
I will update this post in the near future to see if its still "working" or if Tesla has completely dumped to hell and destroyed our "cup" - we shall see.
Please leave a friendly comment and share your opinion down below! (ty)
NFA DYOR <<<----
Tesla - A Bright Future For Elon!Tesla ( NASDAQ:TSLA ) is creating a textbook break and retest:
Click chart above to see the detailed analysis👆🏻
Over the past couple of months we saw a rally of more than +100% on Tesla, perfectly following the bullish triangle breakout. Therefore it is quite anticipated that we will see a rejection at the previous all time high and a retest of the next support, creating a bullish break and retest.
Levels to watch: $400, $300
Keep your long term vision,
Philip (BasicTrading)
TESLA TSLA SeekingPips on FIRE AGAIN TODAY Did You Get Involved?TESLA TSLA SeekingPips on FIRE AGAIN TODAY Did You Get Involved?
Participate or Spectate the choice if your by when 🌎SeekingPips🌍 Is in THE ZONE you know the team had a GREAT TRADING DAY.
🟢SeekingPips🟢 Shared the last TSLA STOCK CHART 17 hours ago and to be honest there was only upside from that TIME ONWARDS UNTIL NOW.
✅️Our calls this MORING on the CRYPTOS ADA CARDANO & HBAR HEDERA were on the MONEY TOO.
ℹ️ CHECK IT OUT FOR YOURSELF...
✅️ IF YOU LIKE WHAT YOU SEE AND WANT TO STAY IN THE LOOP FOR OUR NEXT MOVE LIKE, BOOST & SHARE THIS POST NOW❗️❕️❗️❕️❗️
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