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$TSLATesla shares closed at an all-time high of $909.68 on Friday, two days after the company reported record revenue and profits in the third quarter. The move marks the first time since January the company made an intraday record. Shares surged above $900 a share shortly after market open. Tesla’s strong earnings results stemmed from improved gross margins of 30.5% on its automotive business and 26.6% overall. The stock dropped under 2% in after hours trading on Wednesday. Tesla’s market cap stood at roughly $860 billion at market close. There’s no question about it. Tesla have an incredible future and I’m ridiculously bullish on TSLA long term but in the short term, if we’re trading we should see a slight pullback. I think we see one more push up before shorts come in control. It’s getting quite over extended here with it getting into the overbought territory. I think this stock is one to watch going into next week for a swing. Long term bullish. Watchlist this. - Factor Four
NASDAQ:TSLAShort
by TheBlankFund
6
TSLA to all time high today! Double TOP??TSLA is up another 4% in the pre-market which will send the stock to all time high this morning. But Ark Invest is was constantly selling TSLA shares during the past week and i think they will continue today. For example, Friday they sold more than 80 000 shares for around 73mil usd. Which makes me think this could be a double top formation with a retracement to 730usd levels as shown in the Fibonacci retracement tool. I`m looking forward to read your opinion about it.
NASDAQ:TSLA
by TopgOptions
11
TESLA. HOLD OR SELL?WHEN TO BUY?Hey! My idea is bearish Decision price level is 700$ or zone of 685-705$. When the company could not pay its debts, it issued additional issues and paid off its debts in this way. So it was profitable to keep stock prices at high levels plus squeezing out short sellers. Now operating activities cover all costs, so the capitalization is not very important for the company's management. Now Tesla have a nice cash flow, low debt. The perspectives of growth here are high, but due to high P/E and P/S we should be ready for price correction. I see 8 reasons for deep correction right now: 1. Historically, September is a bad month for the markets. 2. Right now, the correction phase begins, the depth of which will be at least 3800-4000 according to the S&P500 index. 3. A good and understandable potential for a price drop. 4. The serial production of the truck and pickup truck was postponed. 5. There will be poor sales reports due to a shortage of chips. 6. The systemic crisis in China (evergrande and Alibaba) may affect the purchasing potential in the future 7. Cash flow financing due to an additional issue no needs to make anymore. 8. Joe is sleeping. And what if? If S&P500 correction will be stopped this or next week than it will be possible to see the new high.
NASDAQ:TSLAShort
by THG_trader
TSLA heavily shorted by Michael Burry!SCION ASSET MANAGEMENT, the hedge fund owned by Michael Burry - the man who bet against the housing market in 2008, if you are too young, you know him from "The Big Short", is now heavily betting against TSLA! He owns puts on Tesla for 35% of his portfolio, with a market value of $731,017,000! Besides the strong competition that TSLA has now in the EV sector, the U.S. National Transportation Safety Board would open an investigation into a fatal crash earlier this month involving a Tesla vehicle in Florida that led to the deaths of two people. My first price target is 690, but it can drop even further, to 601usd.
NASDAQ:TSLAShort
by TopgOptions
3
Tesla's Make-it Or Break-it!Tesla is approaching a very critical spot. There are several key technicals that all speak in favour of it having topped out in January. If that's the case it automatically means that whatever we're seeing right now is the height of its distribution phase prior to rolling over for some serious price damage. Let's go through those technical clues, one by one. 1) We have a textbook primary 5-wave impulse. A normal 2nd-wave correction is a steep price correction. In Tesla's case, we saw a retracement to the 786 fib - one that found support on it with uncanny precision. Equally so, a normal 4th-wave correction is a complex time-based correction - one that typically materialises in the shape of a triangle. According to these standard rules, Tesla abides to both. 2) Whenever you draw a fibonacci retracement from the bottom of a 5-wave impulse and to the end of the 5th-wave, the bottom of the 4th-wave correction statistically aligns with the 618. And so, too, it does here. Naturally, this further speaks in favour of Tesla having topped out for this primary and secular market cycle, as in for a long time to follow. 3) The RSI is our by far best tool in determining whenever a mark-up shifts into a distribution. What happens is that the RSI goes from consistently high levels - often overbought such - to swiftly retrace down towards the green neutral 50-line, upon which it then fails to break above the upper bearish blue line (see the red cirle on the chart). This is a pivot at which the RSI and price suffer syncronised "max pain" and is equally so THE ideal spot to open short positions. 4) The price is currently nearing in on the golden 618 ratio. This is where I will begin to ladder in shorts. Yet, if the price were to slip too far into the zone, I'll release it and re-enter again at the 786. But here's the thing. IF Tesla were to break above this critical zone I will consider laddering in leveraged longs. And there are two prime reasons for that. 1) The long RSI divergence (the dotted red line) is typical 3rd-wave behaviour. This is more standard than not. By that token, it would mean that the current triangular-looking price development in fact is the real primary 4th wave, upon which we can expect a final price pump to the north. 2) A price pump above the red danger zone would mean that the weekly RSI would break the upper bearish blue line, and hence disqualify it entirely. In this sense, as long as Tesla stays within or below the red danger zone a short play is the predominantly correct move from a statistical point of view. This is likely to result in a high risk-to-reward short spot - one in which we can utilise high leverage due to the low risk. If, on the other hand, Tesla were to break above this zone, the probabilities swiftly shift from very bearish to very bullish.
NASDAQ:TSLAShort
by LongLifeTrading
3
TESLA - SHORT / 3 TPsTesla has lost a lot of volume and clearly moving downwards. There are three Take Profit opportunities highlighted in the chart. Slowly and surely, the potential energy is dropping and if we follow the laws of conservation of energy, we are kinetic energy taking the price down. The trendlines have been well respected in the past and should be the direction of the vectors. I will be closely monitoring TESLA and updating this analysis continually. If you find my analysis useful and helpful, please do consider subscribing and liking my work. This helps me stay motivated. For any questions or comments, do let me know! -- For educational purposes only. Do your own research before making investment decisions.
NASDAQ:TSLAShort
by v4runs
$TSLA Neutral until confirmationToday TSLA broke a support level that saw it sell off close to a 6% for the day. On the daily chart, Tesla has printed 2 bearish reversal candles that have indicated strong supply near the 20 and 50 day moving averages. This is further confirmed with the daily candle going under the September 2020 lows anchored VWAP. Interestingly enough, even though the chart is screaming a big short towards the 1.618 fib level below, with confirmation that the 0.618 fib level was strong resistance and a swing from a corrective or impulsive way down, the flows and dark pool prints continue to come in in big numbers. Today I identified 2 dark pool prints of over 60m and 100m paid around the 572 and 601 prices respectively. If Tesla is indeed a short in this setup, then the March 5 lows should be taken out to confirm the impulsive move down. Also to note that ADX is flattening out or close to go under 25, whilst selling pressure increases.
NASDAQ:TSLA
by Modus777
When Michael Burry put on a $560M put option position short TSLAWe learned in the news today thanks to a 13F filing that Michael Burry of 'Big Short' movie fame placed a huge short postion in Tesla somewhere between Dec 31 and March 31. Hed did reveal in a tweet that he was short in early December, presumably with a smaller position "So, @elonmusk, yes, I'm short $TSLA, but some free advice for a good guy ... Seriously, issue 25-50% of your shares at the current ridiculous price. That's not dilution," Burry tweeted. Interestingly the TSLA share price is sitting right around the level of his first tweet and near the 2021 YTD low
NASDAQ:TSLAShort
by jasperlawler
10
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