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Teslamotors

Tesla taking away VW shareNo, it’s not Bitcoin chart, but EV maker. Tesla shares are topping $550, lifting gains over the last 24 hours past 10% and extending a record run with a market cap of over $100B. That figure means Tesla (NASDAQ:TSLA) would steal Volkswagen's (OTCPK:VWAGY) title as the second-most valuable global carmaker during today's session after topping the combined value of Ford (NYSE:F) and GM (NYSE:GM) earlier this month (#1 Toyota (NYSE:TM) is valued at $198B). Shares of the EV maker have more than doubled over the past six months. Crazy stats.
NASDAQ:TSLA
by Tilen_tradershub
Tesla Stock is Vulnerable to a 40% Elliott Wave DeclineTesla, Inc., formerly Tesla Motors, Inc., designs, develops, manufactures and sells fully electric vehicles, and energy storage systems. Its market cap is approximately $86 billion. In Tesla's case, investors have been too optimistic recently. The stock is up 186% in the past six months, climbing from $177 low in May 2019 to $499 this month. Unfortunately for the bulls, no trend lasts forever. Therefore, once investors run out of optimism, the stock is likely to fall significantly. The question is, How soon? In order to find out if Tesla stock is a good pick now near $500, let’s take a look at its Elliott Wave chart above. The daily chart shows Tesla's entire progress since May 2019. As visible, the price appears to have formed a textbook five-wave impulse pattern, labeled 1-2-3-4-5. It certainly has been a wonder to behold while it lasted. The problem is the Elliott Wave theory states a three-wave correction follows every impulse. Normally, the corrective phase of the cycle would erase the entire fifth wave. For Tesla, this means a sell-off to the support of wave 4 near $327. The Moving Average indicator reinforces that the price is overextended. If this count is correct, the next couple of weeks can be a lot different than the past two months. What's your view on Tesla Stock?
NASDAQ:TSLAShort
by Veejahbee
10
Tesla has a LimitTesla has a stock limit. It may look like its running way out of what we thought was possible, but it's just reaching similar peaks as it did in the past. This logarithmic graph shows their exponential growth in linear terms. I predict they'll peak at 525 or at 580 before returning to more modest numbers. It may run over those numbers if people see the stock as a pump and dump with it's current growth. I may try to profit from 480 to 525 but I'm out until it gets back into the 400s.
NASDAQ:TSLA
by WasabiEater
TSLA Overheating !!TSLA overheating and valuations are currently stretched for even the most optimistic assumptions. Based on current valuations at $490, Tesla would need to be delivering 1,300,000 cars within the next 5 years. In my models, stock is fairly valued at +/- 280 but with an initial target of 360. On technical side at the top here you will notice exhaustion as predicted deliveries enter into "overpromised" territory. Of course the usual crowd will defend with China plant opening and unicorns expected. Based on current expectations, TSLA will need to deliver almost 475k cars this year and with demand starting to cough via late cycle fears this is looking doubtful to say the least. Flow wise, actively selling 490 overshoots with initial targets at 360 followed by 280 extensions. While to the topside, invalidation and reassessment necessary at 525. Tracking closely delivery numbers for 2020 but with the boat fully loaded on one side and short interest as a percentage of float still below 20% it is a screaming sell. Good luck all those on the sell-side in TSLA over the coming sessions.
NASDAQ:TSLAShort
by ridethepig
15
Tesla bearish dog pattern formationA rare YET powerful formation has formed, technical analysis is not a science but and art...thus you get this. Markets evolve and our perception must evolve as well thats why some may think this looks like a dinosaur. Updates to come- “Elon, you are so kind. Thank you for being an inspiration. And thank you for being kind to me,”-“I owe you a lot — my life. Thank you. And I will always believe in the good. It’s who I am. Thank you.”-some randowm tweet
NASDAQ:TSLAShort
by Wvlter
3
Tesla: Attention, entering a Sell Zone.We've been bullish on TSLA since May 21st and the 180 bottom right when most were calling on a death spiral. As you see on the chart below both 360 and 380 Targets have been hit, making us over +100% return on the stock in a few months: Right now however we are getting some medium term sell signals on the 1W chart that makes us call for caution. First of all the 1W RSI has been on Lower Highs since 2013, thus on a bearish divergence to the actual price action. On a second note, the actual price is near the Higher High trend line of the wide Channel Up that started in late 2013 with 1W near overbought territory (RSI = 73.073, MACD = 29.460, ADX = 55.095, Highs/Lows = 76.5621). If the price is rejected within the red Triangle then we may get a pull back towards the 1W MA200 at 300.00, where we will be waiting with strong buys again. If on the other hand the Higher High trend-line breaks to the upside we expect a peak at 480.00 (before a new trend emerges), which will complete a roughly +175% rise as Tesla did on its last Higher Low - Higher High sequence. Trade these levels wisely, it is not necessary to hold. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:TSLA
by InvestingScope
4