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Tesla Motors (TSLA)

TESLA: Building up the next bullish wave to $300.Tesla is in the upper levels of neutrality on the 1D technical outlook (RSI = 54.149, MACD = -1.520, ADX = 23.400) as it remains marginally under the 1D MA50, but a crossing over it should restore the buying sentiment. Long term the stock is inside a Channel Up that is technically in the build up of the next bullish wave after the HL on August 5th, also backed by the 1D Golden Cross of July 29th. We anticipate the new rally to cross above both R1 and R2 and target R3 (TP = 300.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLALong
by InvestingScope
Tesla 30 Min Correcting up now !!!!!!Good morning traders Here is your 30 minute view of what the market looks like its doing: Currently we have some strong resistance at 220-223 area: my best thesis is we hit here and then fall back down. However we follow the market not predict it therefore if those levels break then I would not be surprised we go back to the top correct a touch and then break through and head up to the 280 range. Any questions, what you like and dont like let me know happy to help where I can MB Trader
NASDAQ:TSLALong
by Mindbloome-Trading
Tesla Stock Correction: Eyeing a $300 Target? (READ THE CAPTION)By analyzing the Tesla stock chart on the weekly (logarithmic) timeframe, we can see that, as expected, the price entered the supply zone at $235. After reaching this level, the stock faced a decline and corrected down to $210! It is likely that we will see further correction in Tesla's stock price. However, as mentioned in the previous analysis, due to the recent interest rate cuts, we might gradually witness a price increase after this initial correction. I am forecasting a mid-term target for Tesla stock above $300. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
NASDAQ:TSLALong
by ArmanShabanTrading
2
Tesla High Timeframe Analysis - Targeting 2023 HighsDISCLAIMER: This is not trade advice. This is for educational and entertainment purposes only, showing how I intend to participate in this market. Trading involves significant risk. Do your own due diligence. Utilizing my Multi Timeframe strategy, I have identified that I would like to look for LONGS on Tesla. To clarify, I'm not saying I'm blindly longing this market. If I see price action that checks the boxes for this strategy, I will take the long. Until then, I do NOTHING. Feel free to shoot me a message with any questions. Have a great week!
NASDAQ:TSLALong
by Tradius_Trades
TSLA cybertruckin' it to $243-$258 price range - 4-5 Elliot WaveNASDAQ:TSLA drawing a 4th to 5th Elliot Wave potentially all the way to the $243-$258 price range Moving averages consolidating around that area too. I track the 20, 50, 100, and 200, but mostly the 50 and 200 for confirmation, and trendlines, but mostly the Elliot Wave when I see it straight out of Ralph Nelson Elliots playbook.. Invest smart, invest hard. Boost my post if you like this idea 💡 Also follow and subscribe for more uproars. Let's spread the word together. Roaring Puppy 🐶 out. NASDAQ:TSLA
NASDAQ:TSLALong
by St0ckWr4ngl3r
Why TSLA Could Be Set to Rise: Key News and a Great Entry SetupTesla (TSLA) is in the spotlight right now, and several factors suggest a potential bullish trend in the stock next week: Strong Delivery Numbers: Tesla recently reported its Q2 2024 delivery figures, which exceeded many analysts' expectations. While the numbers were lower than last year's, they still indicate solid performance in a competitive EV market, with other automakers also experiencing growth. Upcoming Earnings Report: Tesla is scheduled to announce its Q2 2024 earnings on Tuesday. Analysts are forecasting revenue slightly above last year’s figures, with net income expected around $1.72 billion. Investors will be particularly interested in updates about Tesla's robotaxi plans, which have been postponed to October. This anticipation could drive excitement and boost the stock price. Market Recovery: Recently, TSLA experienced a drop of about 12.4% due to a global market sell-off. However, the stock has started to recover, and this volatility may present a buying opportunity, especially if the market stabilizes. High Probability Setup: According to technical analysis, there is a high probability setup that has already formed, indicating a favorable entry point for bullish trades. This technical signal, combined with the positive news and upcoming events, enhances the likelihood of a price increase. With these factors in play, including strong delivery numbers, an important earnings report, and a favorable technical setup, TSLA could see a bullish trend in the coming week. As always, be sure to conduct your own analysis and manage your risks before entering any trades. 6M: 3M: 1M: 2W: 1W: 3D: 2H: Entry
NASDAQ:TSLALong
by Fractalyst
TESLA broke above the 2-month Resistance and is aiming for $300Last month (August 15, see chart below) we gave a pull-back buy signal on Tesla (TSLA) and the price action swiftly responded with a August 28 Low and then rebound: The rebound was on the 1D MA200 (orange trend-line) and today we see a strong bullish break-out above the 1D MA50 (blue trend-line). This alone is enough to confirm the start of the next phase of the Bullish Leg, since the long-term pattern is a Channel Up, as closing above 228.00 will constitute a Higher High. Technically the structure is similar to the previous mid-Bullish Leg consolidation (April 30 - June 24), even the 1D MACD sequences between the two fractals are similar. In that sense we can't rule out some more ranged trading for September but on the long-term our Target remains unchanged. We expect the $300 level to break before November. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
Tesla Four Hour surprising correction but how far will it go up?So Based on previous analysis the thesis is we would drop down however this did not occur. With the new thesis we are seeing possible 5 scenarios take shape plus one which is Tesla takes off like a rocket and makes higher highs: however unless confirmed on the Weekly I dont see that being likely as of yet. Currently the 235-238 area is what I am more leaning towards: however that being said the market can drop at one of those five levels shown in the image. So please be beware of it. Any thoughts or questions? What do you like and dont like? Always open to feedback MB Trader
NASDAQ:TSLALong
by Mindbloome-Trading
Tesla Daily: Correcting up but how high will it go? So based on our previous analysis Tesla didn't break down which then allowed us to change our thesis that we are still correcting. Based on what we see 235-238 range is what I see however it breaks that we can go to 252 which is not out of the question either Currently I have given 4 analysis on the chart on where we see this market moving to. Using technical analysis with fibs the probability for me hitting 235 and going down is high however we dont control the market our job is to follow it. What are your thoughts on this analysis ? Like it ? Hate it? What more lower time frames or something else let me know MB Trader
NASDAQ:TSLALong
by Mindbloome-Trading
TSLA daily chart shows clean channels for trading this week.NASDAQ:TSLA has clean channels on the daily chart, both to the upside and downside, for trading this week. TSLA closed just below the daily 10 SMA, which is the next key supply it must reclaim before going higher and potentially testing the daily 325 SMA and daily 50 SMA just above that. If it can reclaim the daily 50 SMA, along with NASDAQ:QQQ building a strong base above its own daily 50 SMA, then TSLA will be in a strong position to push higher to the daily upper Bollinger Band, while continuing higher on the C to D leg of the Gartley harmonic discussed previously. Alternatively, if QQQ continues to reject the daily 10 SMA and loses the daily 50 SMA demand, TSLA may lose its daily 200 SMA. This would invalidate the Gartley harmonic and TSLA would trade down to the next daily demand, which is the rising daily 100 SMA. I continue to be positioned long into next week, because I believe the upside potential is stronger on this name; however, it is important to always be prepared for both bullish and bearish scenarios in order to execute with confidence during the trading day.
NASDAQ:TSLALong
by DMT_Doctor
2
Tesla Set to Launch Six-Seat Model Y in China by 2025Tesla Inc. is gearing up to introduce a six-seat version of its Model Y vehicle in China starting in 2025, aiming to refresh the appeal of its top-selling but maturing electric car model. The company has initiated preparations with suppliers to ramp up Model Y production significantly at its Shanghai facility. While details on the expansion of the production plant remain concealed, pending approval for a 70-hectare expansion on former farmland, Tesla continues to show robust performance with a 6% year-on-year increase in Model 3 deliveries in the first half of the year. This move to expand and innovate within the Chinese market is part of Tesla's broader strategy to maintain its competitive edge and adapt to evolving consumer preferences and technological advancements in the electric vehicle sector. Technical analysis of Tesla Inc. (NASDAQ: TSLA) Examining Tesla's stock to offer insights into potential trading strategies: Timeframe : Daily (D1) Current Trend : the stock exhibits an upward trend, recently regaining momentum above the key support level Short-term Target : if the uptrend persists, the immediate target is at 266.00 USD, contingent upon breaking through the resistance at 235.50 USD Medium-term Target : a successful breach of the current resistance could propel the stock towards 300.00 USD Key Support : the crucial support level to watch is at 181.45 USD Reversal Scenario : if the stock breaks below this support, it could signal a potential downtrend, with a downside target of 140.00 USD Market outlook As Tesla prepares to produce the new Model Y variant in China, its stock could see increased investor interest, particularly if it continues demonstrating innovation and market expansion capability. The technical setup is currently bullish, suggesting that, if Tesla can maintain its trajectory and break — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:TSLA
by RoboMarkets
Market 101:From the Drama King VIX to the Steady Eddie UtilitiesVolatility Index (VIX) - The Drama King Let’s kick things off with the Volatility Index, aka the market’s drama king. It’s like that one friend who always makes a big deal out of nothing—spiking dramatically whenever the market so much as sneezes. Recently, it shot up faster than a caffeine-fueled trader on Monday morning, but now it’s calming down a bit, hovering around 20.73. Keep an eye on this guy—he’s always a sign of market anxiety like I said, the the fear gauge. If he starts climbing again, it might be time to batten down the hatches. Utilities Sector (XLU) - The Steady Eddie Moving on to the Utilities sector, which is the market’s equivalent of your reliable, always-on-time friend. XLU has been climbing steadily, but just like every other reliable person, it needs a break sometimes. It’s currently chilling around 76.20, looking like it’s taking a well-deserved breather. Nothing too exciting here, but that’s exactly what you want from Utilities—slow and steady wins the race. ARK Innovation ETF (ARKK) - The Wild Child Now, let’s talk about ARKK—Cathie Wood’s wild child. This chart is like a rollercoaster at an amusement park: up, down, up, down, and sometimes you’re not sure if you should scream or cheer. After some wild moves, ARKK is sitting around 42.98, but don’t be surprised if it decides to take another loop-de-loop soon. Just remember to strap in and hold on tight. Technology Sector (XLK) - The Overachiever Next up, the Technology sector, which has been the market’s overachiever for quite some time. XLK had been climbing like it’s trying to win the market’s gold star, but recently it’s hit a bit of a speed bump, pulling back to 210.28. No worries though—this sector is like that student who’s always doing extra credit. It’ll likely bounce back in no time, probably while giving the rest of the market a lesson in resilience. Consumer Discretionary Sector (XLY) - The Big Spender Finally, we’ve got the Consumer Discretionary sector, which is the market’s big spender. XLY has been on a shopping spree, but it looks like it might be hitting the credit limit soon. The chart shows some clear support around 184.61, but if it breaks below this, we might see some belt-tightening ahead. Keep an eye on it—everyone loves a spender until the bill comes due. Summary: From the dramatic spikes of the VIX to the steady climb of Utilities, each of these charts has its own personality. Whether you’re dealing with the rollercoaster that is ARKK or the disciplined overachiever in Technology, there’s always something to learn from the market’s diverse cast of characters. Stay sharp, keep your sense of humour and energy, and remember: in the markets, as in life, it’s all about balance.
SP:SPX
by Deno_Trading
Tesla’s China-Made EV Sales Rise Amid Strong CompetitionTesla Inc. ( NASDAQ:TSLA ) continues to make significant strides in China, the world’s largest electric vehicle (EV) market. According to the latest data from the China Passenger Car Association (CPCA), sales of Tesla’s China-made EVs rose 3% year-over-year in August. Deliveries of the Model 3 and Model Y surged by 17% from July, driven by Tesla’s aggressive strategies to attract local buyers. As the company expands its influence, a closer look at both the fundamental and technical aspects of Tesla’s stock reveals an intriguing narrative for investors. Rising Sales Amid Fierce Competition Tesla’s growth in China is particularly impressive given the fierce competition it faces from domestic EV makers like BYD, Leapmotor, and Li Auto. BYD, Tesla’s biggest rival in China, reported a staggering 35.3% year-over-year increase in sales, reaching a record high of 370,854 units in August. Despite this, Tesla’s consistent performance indicates that it is holding its own, thanks to several strategic moves: 1. Extended Incentives and Financing Options: Tesla has been offering zero-interest loans of up to five years since April, catering to cautious buyers amid a sluggish economy. This strategy has proven effective, especially in smaller cities, where Tesla saw a 78% year-on-year increase in deliveries in tier-three cities and a 47% rise in second-tier cities like Hangzhou and Nanjing. 2. Government Endorsement: Tesla has gained significant government backing, with several local authorities recently approving Tesla models for official car purchases. This endorsement helps Tesla penetrate segments of the market previously closed off due to regulatory restrictions, boosting both its sales and brand credibility. 3. Expanding Product Line: Looking to keep its offerings fresh, Tesla plans to produce a new six-seat Model Y in China starting in late 2025. This move is seen as an effort to appeal to family-oriented buyers and differentiate Tesla from other competitors in the market. Despite a global downsizing of its sales force, Tesla’s China operations have maintained strong sales momentum, thanks to these strategic adjustments. Analysts project that if the current trend continues, Tesla could hit a record quarterly sales volume in China for Q3 2024. Navigating a Mixed Market Environment Tesla’s stock has shown a mixed performance recently, with technical indicators presenting both opportunities and cautionary signals for traders: 1. Price Action and Chart Patterns: Tesla’s stock was up 3% in Friday’s extended trading session but dipped 0.18% in premarket trading on Tuesday. The chart shows a bullish engulfing pattern, a positive signal suggesting that buyers are stepping in at current levels. This pattern, coupled with a moderate Relative Strength Index (RSI) reading of 50.21, indicates a potential uptrend in the near term. If the RSI dips to 40, near the one-month low pivot of $183, a rebound could be expected. 2. Support and Resistance Levels: Tesla’s stock is poised to hold its current levels, with analysts maintaining a “Hold” rating on the stock. Key support lies around $183, while resistance levels hover near $200, indicating that Tesla could be gearing up for a potential breakout if buying pressure increases. 3. Investor Sentiment and Volume: Trading volume and investor influx are critical factors. A surge in these could further propel the stock upward. With the introduction of Tesla’s Full Self-Driving (FSD) feature in China expected by year-end, sentiment could turn increasingly positive, leading to higher trading volumes and bolstered prices. Outlook: A Balanced Perspective Tesla’s ongoing success in China and strategic initiatives point to a promising future, but investors should also be mindful of the broader market conditions. With high competition, economic pressures, and evolving consumer preferences, Tesla’s path forward in China will be closely watched. Technically, the stock shows signs of resilience, but maintaining its trajectory will depend on continued strong sales performance, positive regulatory developments, and the successful execution of new product rollouts. For traders, Tesla offers a balanced risk-reward profile at current levels. The fundamentals provide a strong backdrop, while the technicals suggest that the stock is at a critical juncture. Whether you’re looking to hold for the long term or capitalize on short-term price movements, Tesla remains a key player in the evolving EV landscape. As always, keep an eye on macroeconomic trends and market signals to navigate this dynamic market.
NASDAQ:TSLA
by DEXWireNews
4
Tesla Four Trend Analysis ? So right now we need more clarity and more data to determine will this market correct more up and will this level it is holding on hold and back down via where the red line is. Personally my thesis is 3 scenarios: Scenario 1:We hold on this pitchfork line and book it down. Scenario 2: We correct up to the 50% Fib and more pitchfork resistance at the 218 level then head back down Scenario 3: The market disregards all two scenarios and we punch up which then makes us revaluate our thesis's for the daily trend possibly Weekly and Monthly Let's see what the market does tomorrow and then we update our thesis from there What are your thoughts on this analysis ? Do you find it helpful? MB Trader
NASDAQ:TSLA
by Mindbloome-Trading
Tesla Weekly Analysis ? Bearish quite possibly Weekly: Tesla: My thesis is if we continue bearish and break the pitchfork resistance at the 200 area we will then go down to 176 range which could possibly see some type of correction before continuing to head to our first goal which is 142.93 which then we could see a correction before heading further south. The key here is with the bearish thesis is to make sure we break the 205 area , then 190 then go to 180 range first before this thesis becomes more true and evident to our lower targets. Let me know what you think ? MB Trader
NASDAQ:TSLAShort
by Mindbloome-Trading