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TESLA: TECHNICAL AND FUNDAMENTAL ANALYSIS - SHORT SETUP 🔔Electric cars and autonomous driving are the very forces transforming the auto industry today. As a pioneer in these technologies, Tesla seems poised to threaten the decades-long dominance of the leading conventional automakers. After Tesla posted huge sales growth and positive net income for seven consecutive quarters, it seemed that the company had mastered not only the technology but also the art of doing business. The company's stock soared 20 times from $40 to $883 in less than two years. Investors who didn't get into positions sooner were disappointed, missing out on an incredible rally. But now that Tesla stock is down 33% from its 2021 high, maybe there's a chance to buy the stock? Let's analyze whether the recent drop is an attractive entry point into a long position. The recent decline in Tesla stock can be explained by many factors. To begin with, the company's performance in the most recent quarter did not impress investors. While the company's first-quarter earnings were up from the year-ago quarter, they declined sequentially. Tesla attributed the drop to a drop in the average selling price of its devices. Notably, the company did increase its gross margin, as unit manufacturing costs also declined. Another problem was that the bulk of Tesla's profits came not from its core car-selling business, but from regulatory loans - which Tesla sells to other automakers, who can use them to avoid penalties under certain emissions standards. Tesla has also encountered some supply chain problems that could persist in the coming quarters. Meanwhile, the opening of Tesla's plant in Berlin has been delayed by at least six months because of permitting problems. In China, the company is facing increasing competition from local companies, which led to a drop in car sales in April. That said, China is a key market for Tesla, accounting for nearly 30 percent of first-quarter sales. Finally, last month's car crash involving a Tesla vehicle raised concerns about the safety of the company's autonomous driving features. The California Department of Motor Vehicles is investigating whether Tesla's FSD ( full self-driving) feature is misleading consumers. Overall, Tesla faces numerous problems. With a high price-to-sales ratio of about 30, which the stock had back in January, a series of problems has clearly alarmed investors, leading to a steady drop in the stock price. All of this may look scary, but competition, delays in plant construction, and supply problems are not uncommon for a fast-growing car company. Tesla has already proven that it can successfully overcome such obstacles in the past. The company continues to focus on increasing battery range, expanding production capacity worldwide, and developing FSD features. The recent drop in Tesla stock, caused in part by operational problems, has brought its valuation to a more attractive level. Thanks to rising sales and a falling stock price, the price-to-sales ratio has improved to 18 from 30 in January. Given that the company's sales have grown at an average rate of 50 percent over the past five years, and the company expects shipments to grow at the same rate each year, the ratio looks very reasonable. While the company's valuation still looks high compared to other car stocks, such a comparison does not take into account Tesla's huge potential in the autonomous driving segment. Based on autopilot vehicle mileage data, the company could already be many years ahead of its competitors in this key segment, which looks set to change driving as we know it today. Although even Tesla is a long way from fully autonomous driving, the company is already offering its current FSD feature as a separate paid upgrade. Tech companies and conventional automakers may challenge Tesla for autonomous driving in the future. But Tesla's vertical integration should work better in the long run than any collaboration between a tech company and an automaker. Thus, Tesla is well-positioned to capitalize on its progress in electric vehicles and fully autonomous driving. As it offers an improved autonomous driving experience, people's enthusiasm for Tesla and its stock should only grow.
NASDAQ:TSLAShort
by FOREXN1
16
Can we get together and go SHORT on Tesla ? 🦈🐬🐟🐠🐡🍣We probably cannot but it would be fun to see all 'small fish' retail investors/traders go short on Elon's Tesla right on support.... A nice push OFF THE CLIFF, exactly how Elon did with Bitcoin (and all the rest off course) pushing the price lower at the PERFECT time! Yes, technically speaking these crucial support levels are a cliff.. an inch lower and you go scuba diving 🤿, or bungee jumping if you don't like getting wet the wrong way. So, at the same time that Elon ambushed BTC and sent all cryptos lower, his 🐋TESLA IS FINDING BUYERS 🐋RIGHT ON SUPPORT 🐋and rising higher🐋. Is Elon swimming with the whales? (Probably is.. until they eat him). That has to be great news for Elon and we all hope he is happier and in a good mood now so he can focus on changing the world and conquer the outer space. Unless off course we all go short on TESLA (AND PUSH IT OFF THE CLIFF).. But then we might not got o Mars and Jupiter for holidays one day and I get stuck on a beach here in Cyprus. so let it be, let's give Elon a break. He is happy in the arms of the big whales. He helped them buy Bitcoin a bit lower.. it's ok, forgiven. 1.😂😂 twitter.com CHECK THE 'TESLA FORMATION' ON THE BITCOIN CHART HERE! 😂😂 2. I am not closing my short positions on Tesla motors.. I am only increasing them now 🦈 3. 🦈🐬🐟🐠🐡🍣 no matter what fish you are, you will end up being sushi if you use more synthetic (leverage) and less holdings (assets, stocks, crypto spot etc). Play with some leverage but understand the risks involved. the FXPROFESSOR 🐬
NASDAQ:TSLAShort
by FX_Professor
13
TSLA looking for another wave up or DOOM?To all the concerned traders either in TSLA or looking at TSLA.. Right now if we look at the weekly perspective we can see that TSLA is in the bottom of its uptrend channel. Furthermore it is CLEAR that TSLA is also near a strong support level which we bounced off in March aswell. However we can see a resistance building up above over the past few weeks and also pretty strong seeling pressure. Now to be clear, i am not throwing in any fundamentals into this or relating any other market activity and simply am projecting the current situation based on the TSLA chart. But the smart traders out here know that there is more than just meets the eye here.. Over and over papers have been published proving that the EMT (efficiënt market theory) is not necesseraly true. With this being said if we see a sell off for some reason below this support that is being formed, it is highly likely that the market will react hugely to all the developing situations and will push this down extremely (most likely when the rest of the market will not see its better days due to high correlation in times of crisis). With all this being said. I am not an investor in TSLA right now, and will be only looking at lower time frames for entry possibilities (to trade NOT invest) when i see a break above or below support/resistance with this chart being the backbone to the current structure. I wish you all goodluck and appreciate your like and comment to let me know what you think! :) Leez: mister Send a Dollar Please
NASDAQ:TSLA
by Leezz
TESLA ANALYSIS (BUY)TESLA has continued trading in its daily ascending channel. Price has now reached the ascending support and we can clearly see how the ABC correction has formed. With the bouncing off from .382 fibo, we can expect this to be a flat correction and we should now expect a bullish impulse soon. I highly recommend you to check out all my Tesla updates provided in the links below. Please show your support by liking this idea or leaving a comment below and follow for more updates. Thanks
NASDAQ:TSLALong
by Timgucci
6
Exit the uptrendDescription It has been on an uptrend for about 14 months. In fact, after March 2020, when prices moved away from their real value, most markets started an uptrend, but apparently this uptrend has continued so long that it is no longer organic. The uptrend line that has been around for a long time is broken and there is a support that will probably prevent a re-fall for a while, and a downtrend line is observed that is relatively strong. But what is the current trend ?? When we get out of the uptrend, we either have to wait for a downtrend or the market will suffer for a while. Side resistance and if the downtrend line overcomes support We should expect a downward channel.
NASDAQ:TSLA
by Therezavni
TESLA END GAME Inflation + EV Bubble + Bearish TA + Crazy Elon = Extreme Volatility -If inflation sell-offs keep up, markets will go down and so will Tesla. Bearish sentiment in that sense. - Market is getting over-saturated with EV startups and good competition. Tesla is like the OG but it ran up too fast and quick due to pumps and speculation. -Closed below upper support levels, and that bullish pennant that broke to the downside isn't helping. -Who knows what Elon will tweet next... I expect more downside before the upside. Good investment and volatility are great for trading at support levels.
NASDAQ:TSLA
by ILuminosity
Tesla Long TO $1200 Following is a LONG analysis of Tesla Inc coming in for the next few weeks/months. The five-wave Elliott wave series started on June 25th, 2020 around $185 developing a good 5 wave series, here are few confirmations of why I think this is a 5 wave series: 1) Wave 1 started low at $185 2) Wave 2 is a symmetrical triangle that finished correcting W1 at 38.2% correction at $398 3) Wave 3 started on Oct 20, 2020 and had a good run-up of FIB 161% from $398 to $900 ending on Jan 26, 2021 4) Wave 4 is a sharp zig-zag correction but sine Wave 2 is a longer correction, Wave 4 is a shorter and sharp correction ending around $555 5) We are now in Wave 5 of the total Elliot 5 wave series and wave 5 is calculated in the following ways :   a) Calculate the length from the start of W1 ($185) and end of W3 ($900) = 900-185= $715   b) Calculate the length FIB levels ratios of this length of $715          38.2% ($175) - $273.13          50% (175) - $357.5          61.8% (175) - $441.87          100% (175) - $715 6) Now add each of these levels to the end of W4 which is also the start of W5 i.e. $555, so we get the following projections for Wave 5 $828,$912, $996, 1270 ---------------- Summary -------------- 1) I believe for Tesla we are at the start of Wave 5 as a big Wave 4 correction ended just recently 2) I believe Wave 5 is going to be an extended wave because Wave 1 & Wave 3 are of normal length 3) My prediction for Wave 5 is a minimum of 100% extension which is around $1270 in the next coming months Appreciate everyone's feedback, happy trading  
NASDAQ:TSLALong
by JAN360
3