More Tesla Drama over the Weekend- Tesla in a battle to reopen with California government. Elon tweeted he may move Tesla out of California as a result ! That would be a big financial hit and cost big $$ to initiate if this eventuated.
- Technically the chart is pretty clear - the battle lines between the bulls and bears have been drawn. We like Tesla but are not buyers at these prices and would consider the stock at the below demand zones.
- Expect prices to remain choppy until the outlook is more clear with the company fundamentals / operations.
Teslamotors
#TESLA Giving Better OpportunityTraders, Tesla formed and completed the pattern. After that it showed initial reaction. Now it is going back up (in line with snp500) to retest the area. It is also probably forming a head and shoulders pattern. I will be ready.
P.S. (This is for education only. Not a financial advice or signal.)
Telsa (TLSA) is a longer-term plan; even VERY long.Many are intrigued by the volatile nature of tech stock Tesla. Equally as many are confused by its enigmatic leader, the wonderful, brilliant, but sometimes just lost, one Elon Musk. Musk's greatest contributions to science are resurrecting the work of Nikola Tesla, but his company is not bound to just the automobiles it powers. Rather, this is an emergent technology that Musk has been the first to. Accordingly, investors must plan longer-term for a literal change in the Earth's global energy usage. However, with the Paris 2030 agreement intact, this stock could really be a monster in 10-years.
NASDAQ:TSLA It might plummet or rise rapidly tomorrow, but one must think two steps ahead to cash in on the sleeping giants (like Google & Amazon once were). It very well may be that in 10 years we are collectively looking back wishing we'd bought while under $1k per share.
That's, of course, a wildly optimistic outlook, but the COVID pandemic has made it clear to many they travel around town for no reason. With things changing fast, progress will be emphasized. Stash TSLA for the long-term and stop worrying over the day-to-day fluctuations.
TSLA - The down fall of Tesla Pt. 3If you find this information useful - leave a comment and a like. thank you!
Hello Friends,
My stance on Tesla remains the same. Short.
I was bit early to the party on my options but none the less.
Elon never fails on being being corrupt.
Quarter earnings were pencil whipped to the max.
Then Elon goes on to twitter rant.
This is what you are getting when you are buying 700-800 dollar per share stock with this guy.
I say short the man out of the job.
Obviously not fit to run a publicly traded company.
Tesla peaked out in the 800's to be rejected with news of questionable ethics from accounting for the quarterly earnings.
More news than TA. Sorry friends. This just doesn't sit well with me.
As always this is pure speculation for charting - it is not financial advice.
If you find this information useful - leave a comment and a like. thank you!
Tesla: In-Depth Fundamental Analysis 1M (Apr. 29)X FORCE GLOBAL ANALYSIS:
Tesla is an American Electric Vehicle (EV) company with a disruptive presence in the automotive industry. TSLA is one of the most hyped stocks of NASDAQ, with avid supporters of the company itself, as well as its leader - Elon Musk. Due to the nature of the stock, technical analysis can be used to identify strong support and resistance zones, but fundamental insight is required in order to grasp the tremendous value this company has to offer. Thus, in this analysis, we take a purely fundamental approach in analyzing this stock.
Fundamental Analysis
- Despite the Corona Virus (COVID-19), Tesla has managed to manufacture and deliver record-high number of vehicles for Q1 2020
- Tesla ended 2019 with 6 Billion Dollars, and early this year, they raised an additional 2 Billion through stock offering
- This indicates that Tesla has enough money to go endure the chaos caused by the viral outbreak
- Tesla is one of the biggest beneficiaries of the Zero Emission Vehicle (ZEV) credit regulations, racking up huge ZEV credits that other automotive companies pay billions to purchase
- In March 2020, Tesla has taken up 25% of the Chinese EV market, and further domination in arguably one of the most important markets is anticipated.
Arguments against Tesla
- Tesla has a negative Earnings Per Share (EPS). Negative earnings are a red flag for value investors
- Tesla's operating margin is arguably too low, and not enough to be profitable for the long term
- Tesla's Debt to Equity ratio is quite high, and is a reason for concern, as it suggests that Tesla is a higher risk investment
- While gross income growth of Tesla for the past three years have been great, these are not sustainable numbers
- There are arguments against Tesla's management; some argue that Elon Musk gave himself too big of a compensation package
- This is concerning to investors, as the company has still not turned an annual profit.
Future Projections
- While the Electric Vehicle ( EV ) Market continues to grow, Tesla's market share remains at 17~18% of a rapidly growing industry
- Tesla's gigafactories have shown unprecedented progress in terms of how fast the factory was built, as well as the automated manufacturing process
- Tesla has 2billion miles of autonomous driving data, which is more data than any other player in the market for self-driving cars
- Based on the vast amount of data, Tesla's self driving cars will allow the company to generate software-company-like margins
- Tesla has better battery efficiency compared to combustion engine cars, and can still benefit from economies of scale
- According to EV experts, Tesla's vehicles are at least 4-5 years more advanced than those of its competitors.
- They have been hit with the coronavirus, slowing down production in their gigafactories, but their fundamentals remain strong nonetheless
What We Believe
In summary, Tesla is not for the average Warren-Buffet-style fundamental investor, seeking to purchase stocks at an undervalued price. It is, however, for the Masayoshi-Son-style investors who values the company by future expectations. We believe that Tesla is an automotive company to the same degree as Amazon is a bookstore. There is a lot more potential in the fundamentals of this company that many fail to recognize, and despite the short term hardships it may face, the innovative values that Tesla prioritizes can take this company to record highs.
Trade Safe.
#TESLA #TESLAMOTORS #TSLA Full Top Down Analysis & Trading PlanTraders, I have bearish bias on Tesla because of SNP500 and other indices and because of the pattern completion on tesla. There is a good opportunity on it.
Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge.
Have a great trading week!
P.S. (This is for education only. Not a financial advice or signal.)
TSLA - Not FOMOing in any time soon!TSLA looking hella toppy right now.
Has not passed it's former high @ roughly $950
RSI approaching overbought territory.
This is a stock that is realistically attracting investors who are driven by profit and you can see the sell-offs causing massive price fluctuations of over 50%, therefore better to be careful considering the current market conditions.
No reason to be bullish at all unless we get to our all-time high again in which I would say is not likely at this moment.
I would expect traders to be even more driven by profit-taking considering the amount of blood and volatility in the market right now.
This is a very popular stock at the moment and I would rather have a buy the dip approach. Tremendous opportunity in TSLA considering the large swings.
I could see much cheaper prices ahead of us as people continue to take profits at this range. We could go as high as $820 and I still wouldnt change my sentiment.
If we close daily candle bodies above the $820 I would only then reconsider my strategy.
TSLA - The Down Fall of Tesla pt2Hello friends,
This an update on a previous idea.
I am still short on #tsla
All things in mind Tesla is a car manufacturing company that has to sale cars to make money.
Record high unemployment rates in the US.
Which is the biggest market for Tesla sales.
With Covid-19, I believe earnings will be trash.
Earnings will be reported on April 29th.
Get excited.
Disclaimer - This is NOT financial advice and all charting is speculation.
Why TSLA will make New HighsHi Traders! Hope everyone is just as excited as I am with the opportunities the markets are giving swing traders these days.
Today, we are going to begin analyzing TSLA and its bullish case and how TSLA may be the trigger that leads to true capitulation in the stock markets.
Above you see the long term weekly view of TSLA. It is creating a rising channel that we can start to take seriously. If you had this channel drawn out you would have perfectly timed out the low the week of June 3, 2019.
The next image I examine instances when TSLA stock was at extreme overbought conditions. These are common during wave 3's. Wave 3's are typically the longest/strongest waves during a cycle. The wave that preceding impulsive wave 5 normally undergoes a divergence, signaling the trend is slowing.
What is happening now?
A wave 5 ending diagonal. Currently TSLA maybe consolidating into a wave 4 that could propel it to $1200 - $1500. The reason why I am beginning to think this may be an ending diagonal is the manner in which wave 4 has overlapped wave 2. You only see that in diagonals.
What am I looking for next?
If TSLA begins making new highs, there is a risk price is getting out of control and I'll be looking at this as a wave 5 extension and aiming at the top of the channel range for exhaustion. On the other hand, if TSLA continues consolidating in waves of 3, it is conceivable that it could be within a triangle consolidation.
Short term bullish on TSLA. Thank you for reading my analysis. Like, comment and follow if you enjoy this analysis and would like more content!
Elliott Wave View: Tesla (TSLA) Impulsive RallyShort Term Elliott Wave View suggests rally in Tesla (Ticker: TSLA) from April 3 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from April 3 low, wave 1 ended at 547.97. Wave 2 pullback ended at 468.39 low. The stock has resumed higher in wave 3 which subdivides into another 5 waves Up from 468.39, wave (i) ended at 513.17 and wave (ii) pullback ended at 497.96. Stock then resumed higher in wave (iii) which ended at 565 and wave (iv) pullback ended at 546.21. The last leg wave (v) ended at 566 which ended wave ((i)) in higher degree.
From there, pullback in wave ((ii)) ended at 532.91 and the stock resumed higher again in wave ((iii)) as a 5 waves.. Up from 532.91, wave (i) ended at 597, and wave (ii) pullback ended at 576.21. Wave (iii) rally ended at 703.8, wave (iv) ended at 687, and wave (v) of ((iii)) ended at 741.88. Stock then pullback in wave ((iv)) towards 702.77 and resumes higher again afterwards.
Near term, while dips stay above 532.91, expect the stock to extend higher in wave ((v)) before ending wave 3. It should then pullback in wave 4 then extend higher again in wave 5. As far as pivot at 532.91 stays intact, expect the stock to extend higher and dips to find support in 3, 7, or 11 swing.
$TSLA Increase until EarningsOn April, 2nd 2020 $TSLA reported that they had delivered a little over 88,000 vehicles.
This has been strong support for BULLS entering into Q1 Earnings season.
$TSLA is expected to report earnings on or about April 22nd (maybe as far out as April 29th).
The general consensus for the EPS is $-1.31.
I'm seeing $TSLA continue to rise until then with the strong BULL support with 3 possible resistance levels.
$675
$700
and
$750
After that the BULLS (and anyone covering their SHORTS) will begin to sell:
Tesla continued to work through most of the start of the lock-downs, but eventually had to oblige to lock-down orders.
They have put many of their sales and delivery staff on furlough and slashed employee pay since.
I believe Tesla stock will feel the BEARISH consensus following earnings.
Looking to buy in long then.
The shaded box is the range I am giving for their Earnings, however general expectations would be April 22nd.
Tesla some Spiralsforecasting a potential top using Fibonacci spirals, and outlining how Fibonacci spirals can be used to show tops and bottoms.
For those looking to enter price is currently in a neutral zone, look for a short once the fib line is reached.
Or go long I dont really care.
Above chart is a bit iffy, hope someone got some use out of it.