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Tesla Motors (TSLA)

$TSLA - BULLISH FIB Extension $504.51 and $753.38TSLA is trading at a potential bullish double bottom which could bounce off its 4 year support level around the mid $160s. If it bounces on the weekly, look for a continued bull trend. By applying a Fib extension, look for a price objective potential of hitting $504.51 and $753.38 in the foreseeable future from a technical setup. TSLA is currently in a 4 year consolidation period, watch for a breakout to all time highs if it takes out the $260s after a potential double bottom reversal.
NASDAQ:TSLALong
by TheTradingStar
15
LTFT breaks out over lower VWAP bands LONGLYFT on a 15 minute chart hit a high pivot about 3/20 and then fell until April 4 where a low pivot reversal occurred. VWAP lines and a volume profile serve to support a bullish bias. LYFT will likely rise to the Fibonacci level on the chart confluent with the mean anchored VWAP or the zone of 19.25. If there is enough momentum passing through that high volume, liquidity and volatility zone it could continue and push into the 20 level. I will take a long trade here also noting the TSLA news regarding RoboTaxi has potential relevance. It is not beyond the realm of possibilities that a partnership between TSLA and LYFT and or UBER comes on the scene. This would provide a further catalyst of fundamental support for LTST's market cap.
NASDAQ:LYFTLong
by AwesomeAvani
Tesla's Bumpy Ride: Navigating Challenges Amidst a Market PlungeTesla ( NASDAQ:TSLA ), the electric vehicle pioneer, finds itself in turbulent waters as it navigates through a challenging first quarter marked by a significant decline in car deliveries. With a plunge of 27% in its stock value, Tesla ( NASDAQ:TSLA ) faces a slew of obstacles, including production issues, market softness, and legal controversies surrounding its technology and leadership. As analysts speculate on the future trajectory of the company, Tesla's ability to engineer a turnaround becomes critical amidst mounting pressure and uncertainty. Market Disappointment and Analyst Projections: Tesla's first-quarter delivery figures fell short of expectations, delivering 387,000 vehicles, down 20% from the previous quarter and missing analysts' projections by a substantial margin. With Wall Street anticipating 443,000 deliveries, the unexpected decline has sparked concerns about Tesla's growth trajectory and market demand for electric vehicles. Factors Contributing to the Plunge: Several factors contributed to Tesla's disappointing performance, including production disruptions, supply chain challenges, and the shift towards early production of the next version of its Model 3 sedan. Additionally, external factors such as Red Sea shipping disruptions and suspected arson at its Berlin factory further exacerbated the slowdown in deliveries. Higher interest rates and cooling interest in electric vehicles have also dampened sales, reflecting broader economic trends and shifting consumer preferences. Analyst Perspectives and Future Outlook: Analysts have offered mixed perspectives on Tesla's prospects. While some view the decline as a temporary setback amidst broader market forces, others express concerns about the company's ability to sustain its growth momentum. With Tesla's stock value plummeting and mounting legal challenges, including lawsuits over its Autopilot software, the road ahead remains uncertain. However, Tesla's CEO Elon Musk remains optimistic, attributing the sales issues to business cycles and positioning the company for future growth waves. Technical Outlook Tesla Inc. ( NASDAQ:TSLA ) stock is up by 1.21% in Tuesday's trading session with a moderate Relative Strength Index (RSI) of 55.93 indicating signs of a bullish resurgence from the stock. Tesla Inc. ( NASDAQ:TSLA ) stock's 3-month price chart is in a falling wedge pattern which further validates the bullish thesis of the stock.
NASDAQ:TSLALong
by DEXWireNews
TESLA Is it making a 'META Bottom'?Tesla / TSLA has made a Double Bottom on Friday and today is making a run for the 1day MA50. This is an important level as since January 9th (3 months) it has been the Resistance and hasn't been broken. But can this Double Bottom for Tesla be a 'META bottom', like the one the social media giant had in November 2022? Both fractals formed Lower Highs under a Falling Resistance before bottoming, so if Tesla crosses over the 1day MA50, we see no reason why it shouldn't finally sustain a rally that will break above the Falling Resistance. META's first target before the first pull back was the 0.786 Fibonacci. Buy and target 260.00 (slightly under the 0.786 Fibonacci). Follow us, like the idea and leave a comment below!!
NASDAQ:TSLALong
by TheCryptagon
TSLA - Weekly Inflection PointDaily is winding up to an inflection point, while the weekly is getting close as well. I'm favoring the bearish break; but there is a chance for a bullish reversal- so time will tell. What I can say is that we're approaching a conclusive point in time that will send price with signifcant momentum in either direction. When I look for an inflection point I watch for consolidating momentum. In turn I watch for breaks that releases the built up energy. Previous Analysis:
NASDAQ:TSLAShort
by Mikhiavelli
TESLA $TSLA - Feb. 16th, 2024Tesla NASDAQ:TSLA NASDAQ TVC:NDQ BUY/LONG ZONE (GREEN): $195.75 - $260.50 (BUY ZONE ADJUSTABLE DOWN TO 208.50) DO NOT TRADE/DNT ZONE (WHITE): $177.25 - $195.75 (DNT ZONE ADJUSTABLE UP TO $208.50) SELL/SHORT ZONE (RED): $113.00 - $177.25 Tesla broke out of its range lasting from Jan. 25th - Feb 15th. Breakout price was at 195.75, the Feb 15th daily candle broke and closed above this price level. This can mark a bullish trend, however; a safer bullish zone can be extended to start at 208.50, with the DNT zone also extending to end at 208.50. I personally like the early entries after a strong bullish candle yesterday with over a +6% move. Some other high frame bullish entries could be a retest of the top of the range, or a breakout of the 208.50 area. Some high frame bearish entries could be a test and rejection of the 208.50 area, or a break back into the range area. Long term targets would be the 230 - 260 area, would need another look once price moves closer. I quickly marked every recent structure 1 - 6 that I considered when looking to enter a new position to show somewhat where my mind was at. As price moves to new levels and zones and develops new structure I will update this. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
NASDAQ:TSLALong
by TonyAiello
$TSLA Bearish to Bullish Break Coming SoonNASDAQ:TSLA Bearish to Bullish Break out Coming Soon with bottoming pattern. Waiting for a buy alert from our indicator before we go long. The technical analysis description "Bearish to Bullish Breakout to the upside" typically indicates a transition in market sentiment from a bearish trend to a bullish trend, accompanied by a significant upward price movement. This breakout suggests that the previous downward trend in prices has been overcome, and there is now potential for further upward momentum in the market. Traders and investors often interpret this breakout as a signal to enter bullish positions or to adjust their trading strategies to capitalize on the anticipated upward movement in prices.
NASDAQ:TSLALong
by AlgoTradeAlert
Tesla's Robotaxi Set to be Unveil Amidst Investor SkepticismTesla's journey on the stock market has been nothing short of tumultuous in recent times, as the electric vehicle (EV) giant grapples with diverging narratives surrounding its futuristic promises and current market challenges. Elon Musk, Tesla's enigmatic CEO, once again sought to change the narrative by teasing the long-awaited robotaxi unveiling, scheduled for August 8th. This announcement, following a denial of reports about shelving plans for a cheaper electric vehicle, prompted a surge in Tesla's shares in extended trading. However, amidst the hype, questions linger about the feasibility of Musk's grand vision. Tesla's history is peppered with ambitious promises and delayed deliveries. Musk's predictions about autonomous vehicles, including the much-touted robotaxi, have yet to materialize despite years of anticipation. Regulatory hurdles, technical challenges, and manufacturing setbacks have impeded progress, casting doubt on the viability of Musk's ambitious timelines. Despite Musk's attempts to steer attention towards the future, Tesla's present struggles remain undeniable. Sluggish demand, intensified competition, and supply chain disruptions have weighed heavily on the company's performance. Tesla's first-quarter deliveries witnessed an 8.5% drop from the previous year, contributing to a sharp decline in share value. The regulatory landscape further complicates Tesla's path forward. Recent recalls and safety concerns surrounding Tesla's Full Self-Driving (FSD) software underscore the challenges of gaining regulatory approval for autonomous vehicles. Convincing regulators of the safety and reliability of Tesla's technology remains a formidable task, one that could significantly impact the trajectory of the company's autonomous ambitions. As Tesla ( NASDAQ:TSLA ) navigates these challenges, investor skepticism looms large. Analysts have questioned Tesla's growth prospects amidst a backdrop of sluggish demand and mounting competition. The recent selloff in Tesla's shares reflects growing concerns about the company's ability to deliver on its lofty promises amidst a volatile market environment. Tesla's future hinges on its ability to bridge the gap between promise and reality, demonstrating tangible progress in delivering on its ambitious vision while addressing present-day challenges. The upcoming robotaxi may capture headlines, but the road ahead for Tesla ( NASDAQ:TSLA ) remains fraught with uncertainty. Technical Outlook Technically, NASDAQ:TSLA stock has accumulated liquidity during its worst market days coupled with the release of its Robotaxi, it will capitalize on its gains as more buyers step in and then surge to a new Resistance level. The Relative Strength Index (RSI) at 45.09 is pretty much good for a perfect entry as NASDAQ:TSLA is on its way to a new Resistance zone.
NASDAQ:TSLALong
by DEXWireNews
Tesla Abandons $25K Vehicle for Robotaxi Sends Stock Plummeting Tesla ( NASDAQ:TSLA ), the electric vehicle (EV) pioneer led by visionary CEO Elon Musk, finds itself at a crossroads as it grapples with strategic shifts and market turbulence. The latest blow came as Reuters reported the cancellation of Tesla's much-anticipated $25,000 vehicle, sending shockwaves through the investment community and sparking a sharp decline in Tesla (TSLA) stock. The report, citing insider sources and internal messages, revealed Tesla's decision to pivot away from the affordable vehicle segment towards doubling down on its self-driving robotaxi platform. Despite Musk's swift denial on social media, the news triggered a 3.63% drop in Tesla's ( NASDAQ:TSLA ) stock price, hitting a 2024 low and fueling investor uncertainty. The abrupt shift in focus underscores Tesla's relentless pursuit of innovation and disruption within the automotive industry. While the cancellation may disappoint some enthusiasts eagerly awaiting an affordable Tesla ( NASDAQ:TSLA ) model, it reflects the company's strategic realignment towards future mobility solutions, particularly autonomous driving technology. Tesla's ambitious plans for a self-driving fleet of robotaxis represent a bold bet on the future of transportation. By leveraging its existing vehicle platform, Tesla ( NASDAQ:TSLA ) aims to revolutionize urban mobility and reshape the way people commute, work, and travel. Musk's unwavering commitment to advancing autonomous technology underscores Tesla's vision of a future where cars become autonomous robo-taxis, providing on-demand transportation services at scale. However, the pivot away from the $25,000 vehicle raises questions about Tesla's product roadmap and long-term competitiveness. Critics argue that abandoning the affordable EV segment could limit Tesla's market reach and alienate budget-conscious consumers, potentially ceding ground to competitors in the rapidly evolving electric vehicle market. Despite the setback, Tesla ( NASDAQ:TSLA ) remains bullish on its growth prospects, citing ongoing developments at Gigafactory Texas and emphasizing its position between two major growth waves. Musk's reassurances about progress on the next-generation vehicle platform offer a glimmer of hope for investors amid the turbulence. Meanwhile, Tesla's stock performance reflects the uncertainty surrounding the company's trajectory. Recent gains fueled by the rollout of Full Self-Driving (FSD) updates were overshadowed by broader concerns about earnings projections and market sentiment. With analysts revising downward their 2024 earnings forecasts, Tesla faces mounting pressure to deliver on its ambitious targets and maintain investor confidence. Looking ahead, Tesla's ability to navigate regulatory challenges, technological hurdles, and competitive pressures will be crucial in shaping its trajectory. As the EV giant grapples with strategic decisions and market headwinds, investors remain cautiously optimistic about Tesla's long-term prospects while acknowledging the volatility inherent in disruptive industries.
NASDAQ:TSLA
by DEXWireNews
4
TSLA Analysis: Price Recovers after Disastrous ReportTSLA Analysis: Price Recovers after Disastrous Report We previously wrote that lower vehicle deliveries could lower TSLA's stock price. And as it became known on Tuesday, Tesla, led by Elon Musk, delivered just 386,810 cars in the first three months of 2024 - 14% below analysts' forecasts, according to Bloomberg. As a result, Tesla shares fell 4.9% that day, extending their 2024 decline to 33%, the worst performance in the Nasdaq 100 Index. What is the market outlook? Bullish arguments: → After a strong disappointment on Tuesday, the price of TSLA showed signs of stability on Wednesday and Thursday. Since these were bullish candles, and the market was recovering despite the non-bearish gap on Tuesday, this can be interpreted as a sign of demand. → From the point of view of technical analysis, the market is supported by the lower border of the downward channel (shown in red). The price forms rebounds from this border, as shown by the arrows. → Bloomberg writes about a decrease in the number of short positions after the report on Tuesday. This could be a sign that short position holders do not see any further decline in the price of TSLA and are taking profits. Bearish arguments: → TSLA price is still in the lower half of the downward channel, despite the bullish sentiment in the stock market. → Resistance may come from the level of USD 183 per share and the median line of the descending channel. If the bears continue to dominate, the price of TSLA could fall towards the psychological level of USD 150 per share. But the balance of sentiment may be changed by the release of Tesla’s first-quarter reports, scheduled for April 17. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:TSLA
by FXOpen
1
Navigating the Bearish Currents - A Technical Perspective.Tesla, Inc. (TSLA): Technical Analysis Report In the context of Tesla's current weekly price action, a convergence of bearish indicators warrants a cautious stance. The stock, last recorded at $171.11, hovers at the precipice of the lower Bollinger Band, traditionally a demarcation of oversold conditions, yet the band's expansion underscores prevailing volatility rather than a definitive bullish reversal signal. A scrutiny of moving averages reveals that the price trajectory has decisively punctured the 20-week SMA, currently positioned at $267.99, which has historically served as a dynamic fulcrum between bullish and bearish phases. This recent downturn beneath the SMA augments the bearish thesis. The Fibonacci retracement levels, extrapolated from the nadir of March 2020 to the zenith in November 2021, denote a breach of the pivotal 61.8% level. Market orthodoxy suggests this breach could potentially precipitate a further decline towards the 78.6% Fibonacci level, a juncture that has yet to be tested. An examination of volume patterns accentuates the bearish narrative, with a conspicuous predominance of selling pressure evident in the recent spate of weeks. This is exemplified by a succession of red volume bars, each eclipsing their green counterparts, denoting the intensity of the distribution phase. Complementing the price-volume action, the Relative Strength Index (RSI) teeters on the edge of the oversold threshold at 37.86. While not yet signaling a capitulation, its proximity to the oversold territory may portend a potential inflection point should a further descent materialize. In juxtaposition to the technical indicators, Tesla's financial health, as intimated by its net income trajectory, reveals a disconcerting downtrend in quarterly performance. This fundamental aspect, in tandem with technical pressures, compounds the case for a guarded outlook. In synthesis, Tesla's technical posture is marred by bearish undertones, with multiple indicators corroborating a scenario ripe for continued retracement. Vigilance is advised around the 78.6% Fibonacci level, which may offer a sanctuary for price stabilization. Traders and investors alike should remain attuned to volume fluctuations and RSI readings for early signs of a trend reversal or consolidation. Notwithstanding, the intersection of technical adversity and waning financial metrics prescribes a strategy of prudence and stringent risk management.
NASDAQ:TSLA
by AxiomEx
1
Relative Strength between NVDA and TSLA about to shift.Head and Should Pattern on TSLA/NVDA chart. This chart basically shows the relative strength between these two stocks, if we have a follow through tomorrow. TSLA will outrun NVDA in the short-term. Meaning: 1. If we are going to have a bounce tomorrow, TSLA will most likely to outrun NVDA. 2. If Non-Farm and Unemployment rate kill the market tomorrow, TSLA will most likely to drop less than NVDA. However, I think SOXL is currently sitting at the trendline support. I think bounce is imminent in the near term.
NASDAQ:TSLALong
by Caidan
The double zigzag pattern will be completed or slightly expandedDear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it. I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision. I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily. I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him. Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, Mr. Nobody
PYTH:TSLALong
by mehdi47abbasi79
1.2 & 1.2 Bullish Market Pattern Analysis Weekly OutlookDear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it. I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision. I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily. I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him. Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, Mr. Nobody
NASDAQ:TSLALong
by mehdi47abbasi79
6
Tesla's Alternate Scenario 📈🔍Regrettably, our Tesla trade within the 2-hour timeframe faced an unexpected stop-out. The anticipated completion of Wave 2 hasn't manifested, evident in the broader timeframe. Initially, we presumed it concluded at 50%, specifically at Wave C around $195. This presumption was invalidated post the recent earnings call, signaling a potential double correction. Consequently, we envisage establishing the bottom for Wave 2 within the range of 61.8% and 78.6%. Should this support falter, the price may decline, reaching at least $100. A breach below this level introduces an entirely different narrative for Tesla. It is crucial for the level to hold; otherwise, the bullish scenario could be flawed and invalidated. In the midst of selling pressure, opportunities often emerge, particularly during a Wave 2 correction. It is characteristic that circumstances may appear more challenging than when Tesla was valued at $100. Therefore, our expectation revolves around a reversal between $177 and $144, paving the way for a subsequent surge towards $500. 📈🔍
NASDAQ:TSLALong
by stromm_by_wmc