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Tesla Motors (TSLA)

TESLA: Trading plan.TSLA has turned neutral on the 1D technical outlook (RSI = 46.287, MACD = 3.350, ADX = 20.984) as it dropped to its 1D MA50. On the short term the most optimal buy entry is at the bottom of the Channel Up (TP = 279.00). If it breaks, we will sell towards the S1 level (TP = 206.15). The next long term buy (again to target 279.00), will be when the 1D RSI forms HL (as in the last two bottoms). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLA
by InvestingScope
1
Cathie Wood’s Ark Invest Sells Coinbase, Buy Tesla ($TSLA) In a recent bold move, Cathie Wood's Ark Invest has strategically reallocated its investment portfolio, selling off millions of dollars worth of Coinbase ( NASDAQ:COIN ) shares amidst a crypto market downturn and acquiring substantial positions in Tesla ( NASDAQ:TSLA ) stocks. This strategic shift reflects Ark Invest's active fund management approach and presents an intriguing narrative for potential Tesla investors. Ark Invest's Coinbase (COIN) Divestment: On January 2, Ark Invest, led by prominent investor Cathie Wood, sold a significant portion of its Coinbase holdings, offloading 166,183 NASDAQ:COIN shares worth over $25.3 million. The move coincided with a challenging period for the crypto market, marked by a substantial decline in Coinbase's stock price from a recent high of $187.39. The decision to divest from Coinbase seems to align with Cathie Wood's apparent bearish stance on Bitcoin, anticipating a market correction following the potential approval of spot Bitcoin ETFs by the SEC on January 10. Strategic Purchase of Tesla ( NASDAQ:TSLA ) Stocks: Simultaneously, Ark Invest strategically utilized the proceeds from the Coinbase share sales to acquire Tesla ( NASDAQ:TSLA ) stocks, increasing its holdings by purchasing a total of 105,201 NASDAQ:TSLA shares worth nearly $25.3 million. This move not only underscores Ark Invest's dynamic investment strategy but also positions Tesla as a key focus for the firm. Reasons to Consider Tesla Stock: 1.Strategic Allocation of Funds: - The reallocation of funds from Coinbase to Tesla suggests that Ark Invest sees considerable potential in Tesla's growth prospects, despite the short-term challenges faced by the electric vehicle (EV) sector. 2. Market Trends and Technical Analysis: - Despite a 4.01% decline in Tesla's stock price on Thursday, technical indicators such as trading above the 200th, 100th, and 50th day Moving Averages signal a potential trend reversal. 3. Long-Term Vision for Electric Vehicles: - Tesla remains a frontrunner in the electric vehicle market, with an established brand, innovative technology, and a global footprint. As the world continues to shift towards sustainable energy solutions, Tesla's long-term vision aligns with the growing demand for electric vehicles. 4. Innovations and Future Catalysts: - The company's ongoing commitment to innovation, including advancements in autonomous driving technology and plans for new vehicle models, positions Tesla as a key player in the evolving landscape of the automotive industry. Conclusion: Cathie Wood's Ark Invest has made a strategic and notable move by selling off Coinbase shares to bolster its holdings in Tesla. This shift not only reflects Ark Invest's proactive approach to portfolio management but also highlights the firm's confidence in Tesla's potential for future growth.
NASDAQ:TSLALong
by DEXWireNews
TSLA: Approaching a major turning point.TSLA's shares are collapsing, even though the company is beating vehicle delivery expectations. This can be explained by the fierce competition coming from China, as TSLA lost its position as the world's biggest seller of electric cars to BYD in the last four months of 2023 - even though the American company managed to beat its own expectations. This not only affects TSLA, but also the shares of RIVN and LCID, the former of which also managed to exceed expectations for vehicle production. From a technical point of view, the price could fall to the next support level in the next few days, around $230 . The price is already entering a short-term downtrend , as it has lost the 21 EMA, and in the absence of a clear bullish reaction that could reverse sentiment, this is the most likely scenario. What should the price do so it can reverse this bearish sentiment? It would be nice to see a clear reversal candlestick, closing above the 21 EMA again . So far, there are no technical buy signals in my view. Are there any other possible support points? Yes, we see the 50-period and 200-period averages very close to each other, also in the $230 area mentioned earlier, reinforcing the idea that $230 could be an important support for TSLA . It would be important to see the price react above this area to avoid a Death Cross (when the 50MA breaks the 200MA downwards). A warning sign is the divergence between the RSI and the price. While the price was making higher tops, the RSI was already making lower tops, as evidenced by the red arrows in the chart above. In addition, the RSI is already losing its support levels, while the price is still above them (green lines). This can be characterized as an Advanced Breakout (when an indicator anticipates a breakout in price). For now, TSLA shares are in correction territory, and although we see a promising support zone near $230, I don't see any technical evidence that convinces me of a bullish reversal at the moment. I'll keep you updated on this, so remember to follow me for more daily analysis like this, and support this idea if you like it or learn something new here. All the best, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
Tesla's Record-Breaking Q4 Deliver Strong Momentum for Investors In the dynamic world of electric vehicles, Tesla ( NASDAQ:TSLA ) has once again proven its resilience and dominance with a groundbreaking fourth quarter, setting new delivery records and meeting its ambitious 2023 targets. Despite facing headwinds in the third quarter, Tesla's recent performance has not only surpassed market expectations but also highlighted its ability to navigate challenges and maintain an upward trajectory. Record-Breaking Deliveries: Tesla reported a staggering 484,507 deliveries in Q4, surpassing Street estimates and setting an all-time quarterly record. This figure not only exceeded the previous record set in Q2 of last year by nearly 20,000 units but also demonstrated Tesla's unwavering commitment to meeting growing global demand for electric vehicles. Production Excellence: From a production standpoint, Tesla produced 494,989 vehicles, comfortably surpassing estimates and showcasing the company's manufacturing prowess. The production of 476,777 high-volume Model 3 and Model Y EVs alone exceeded expectations, indicating Tesla's ability to scale its operations efficiently. Year-Over-Year Growth: In 2023, Tesla reported impressive year-over-year growth, with vehicle deliveries increasing by 38% to 1.81 million and production growing by 35% to 1.85 million. Although the delivery growth rate fell slightly below the 50% compound annual growth rate (CAGR) target, Tesla attributed this to necessary factory shutdowns and improvements in Q3, demonstrating a strategic focus on long-term sustainability. Global Market Dynamics: While Tesla faced increased competition, particularly in China, where it was recently dethroned as the global EV leader by BYD in Q4, the company's robust performance in its key markets remains noteworthy. The global EV landscape is evolving, and Tesla's continued growth in established and emerging markets positions it as a formidable player in the industry. China Market Stability: Despite challenges in the Chinese market, Tesla weathered the storm with stable pricing and even witnessed an increase in China during the quarter. This stability is a testament to Tesla's adaptability and resilience in a market known for its volatility. Analysts believe that the calm period in China is favorable for Tesla bulls, offering a positive outlook for the company's future. Analyst Endorsement: Wedbush analyst Dan Ives expressed optimism in a note to clients, stating, "This was an important quarter for Tesla to show strong deliveries with clear momentum into 2024 as demand has upticked since 3Q based on all our global checks." Ives emphasized that hitting 1.8 million vehicles for 2023 was a major achievement, especially in a challenging macro environment for EVs. Technical Analysis Insights: From a technical analysis perspective, Tesla's stock is currently in a falling trend channel in the medium long term. While falling trends often indicate negative development, it's essential to note that Tesla has faced similar trends in the past only to rebound strongly. The stock has identified support at $214 and resistance at $276, providing investors with clear levels to monitor. In conclusion, Tesla's exceptional Q4 performance has solidified its position as a leading player in the electric vehicle market. The company's ability to overcome challenges, coupled with impressive production and delivery figures, paints a compelling picture for investors looking to capitalize on the future of sustainable transportation. Despite short-term technical trends, the long-term growth prospects for Tesla remain promising, making it an opportune time for investors to consider adding NASDAQ:TSLA to their portfolios.
NASDAQ:TSLALong
by DEXWireNews
Jan 1 2024 - a look at TSLA - breaking through a long resistanceHere I can see that we are getting close to my 2 to 3 year, long resistance, line and that it looks like we’re about to break through if we do that’s wonderful. I would say that I haven’t bought enough if we don’t that’s wonderful I would say I’m excited to buy more it’s not about the definition of where it’s going it’s about watching and predicting the entering exit points always there is only one version of long-term and that is you buy and you don’t look at the marketand this is more for daytrading and swing trading and shorter term trading where you buy and sell and buy and sell and so I look at that on both sides. I look at the long term where I put in 50% of my investment for a long-term gain but in that same investment if I hit points where I see strong resistance, I’m gonna sell part of that take profit let it drop and buy more so we’re looking at that today January 1, 2024.
NASDAQ:TSLA
by mindfree
Tesla - My Trading Plan For 2024Hello Traders, welcome to today's analysis of Tesla. -------- Explanation of my chart analysis: Tesla has been trading in a triangle continuation pattern for a very long time now. We saw the same type of pattern back in 2019 followed by a 1.500% pump. A breakout above the current resistance trendline could lead to a similar price behavior. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:TSLA
by basictradingtv
31
TESLA Do or Die moment to break the 2021 Resistance.Tesla (TSLA) is extending the rally following the buy signal (see chart below) we gave on November 07 at the bottom of the 1 year Channel Up: The price has had 6 green candles out of a total of 7 and looks to repeat the Bullish Legs of April - July and January - February. What's more important than that, is that Tesla is approaching its 'Do or Die' moment as for the 5th time in 2 years (since November 2021), it is about to test the Lower Highs trend-line of the All Time High (ATH). This huge Resistance level has rejected the price 4 times already, always initiating strong sell-offs. The 1W RSI has already broken above its own Lower Highs trend-line of July, so this could be an early signal of strength accumulation. If we get a 1W candle close above the Lower Highs, we expect the final phase of the Bullish Leg to materialize and that would have practically confirmed that Tesla finally officially entered into a new Cycle of long-term growth. The target remains $345.00, representing a +75% rise from the recent Channel Low (-20% from the previous Leg). ------------------------------------------------------------------------------- ** 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:TSLA
by TradingShot
1
Bearish Channel Breakout, Setting Stage for a Return Above $300?Hi Realistic Traders. Here's my price action analysis on NASDAQ:TSLA ! On May 23, 2023, Tesla (TSLA) exhibited a breakout from the bearish trendline, sustaining its upward trajectory with consecutive higher highs and lows. Following this, TSLA's bullish momentum moderated, leading to the formation of a bearish channel. Notably, there has been a recent breakthrough above the upper trendline of this bearish channel, signaling a robust bullish indication. Adding to the bullish narrative, the momentum indicator (MACD) has executed a golden cross, further affirming the potential for continued upside movement toward the specified target area. it is essential to note that the analysis will no longer hold validity once the target/support area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on TSLA." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
NASDAQ:TSLALong
by financialfreedomgoals101
TESLA: Buy this dip at the bottom of the Channel Up.Tesla is inside a Channel Up and right now is repeating the November 09 pull back. This time it has the additional support of the former Lower Highs trendline and the formation of the 4h Golden Cross. The technical upside is either the 1.786 Fibonacci extension or a +30.30% rise from the bottom, which is marginally under the 299.00 Resistance. 284.50 is the most realistic technical target early next month. Follow, Like, Comment below!
NASDAQ:TSLALong
by YahooSignals