Tesla Update: Navigating the Road to $440Morning Trading Family
Tesla's journey is heating up as we aim for the $440 target. But buckle up, because we've got some resistance zones to watch:
First Stop: $427 - This could be where the ride gets a bit turbulent. Expect some market reactions here.
Next Challenge: $435.35 - Another potential bump in the road. Will we see a correction, or will Tesla's momentum carry us straight through?
The depth of any correction at these levels is still up in the air, but keep your eyes peeled. If the market punches through these resistances, $440 might just be in our sights sooner than expected!
If you found this useful: boost, share, like, and comment. I appreciate all the support! If you're struggling as a trader, I get it - I've been there myself. Jump in, send me a DM or head to my profile; I'm more than happy to help.
Kris/Mindbloome Exchange
Trade What You See
Tslaanalysis
Is Tesla TSLA ready to resume HIGHER? TSLA Buy Opportunity?🟢Tesla has been real good to us in our long term portfolio.
🟢Yes we took some profit in 2024 Q4 last year but hey we trade and invest for a living so we have to pay ourself sometimes.
✅️ Our higher time frame next major level remails at $722.
Is TESLA creating a nice base for a new rally time will tell but current TIME and PRICE structure looks good.
The low at 373 remains a key price level if this base is to materialise.
WHILST 373 STAYS UNTOUCHED WE REMAIN ALERT FOR OUR BUY TRIGGER.
⭐️REMEMBER NO TRIGGER NO TRADE⭐️
🟢 FOLLOW SeekingPips NOW TO STAY IN THE LOOK ON OUR LATEST IDEAS💡
Tesla (TSLA) Stock Price Rises Above $400Tesla (TSLA) Stock Price Rises Above $400
According to the Tesla (TSLA) chart, the stock price increased by 2% on Monday, closing above the key psychological level of $400.
Bullish sentiment was driven by Morgan Stanley analysts raising their target price for Tesla (TSLA) from $400 to $430, citing the company's "highly promising" progress in autonomous vehicle (AV) technology.
From a technical analysis perspective, this upward move is notable. Applying a linear regression trend channel from early November, when Tesla’s stock began a sharp rise following news of Trump’s victory (supported by Elon Musk), reveals:
→ a reversal upward from the lower boundary of the trend channel;
→ the potential for an upward breakout through the resistance of the red descending trend line, which formed as the price declined from the record high near $488 on December 18.
This suggests that bulls may be attempting to resume movement within the regression channel. If successful, a reasonable target could be the median line of the channel, implying a potential price increase towards $450, with resistance at $426 being a key level to watch.
According to TipRanks:
→ 13 out of 34 analysts recommend buying TSLA stock.
→ The average 12-month price target for TSLA is $323.56.
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.
Tesla: More Room for Wave [iv]We place Tesla in a magenta upward impulse, imminently allowing wave more room on the downside. While the current extension suggests that this wave might already be complete, the necessary confirming signals are missing. Still, wave should primarily settle its low with a sufficient distance above the support at $271. A sell-off below this level, however, is 33% likely in the context of our alternative scenario. In this case, the stock would still be working on the broader correction of the blue wave alt. (II), with the gains since April 2024 considered corrective. To render this alternative scenario irrelevant, TSLA needs to stage a decisive rally above the resistance at $488.50.
Tesla's Unhealthy Rise Could Correct Tesla's Unhealthy Rise Could Correct 🚨
Tesla has experienced a significant and rapid price rally recently, creating a potential imbalance in the market. However, this chart highlights a few key areas that traders should watch for potential corrections:
1️⃣ Gap Formation: A noticeable gap formed during the rally (highlighted on the chart). Gaps often act as magnets, and markets tend to revisit them over time. This suggests the possibility of Tesla retracing to this level.
2️⃣ Resistance Zone (~$420): The price is currently testing a resistance zone after the recent pullback. If Tesla fails to break and sustain above this level, it could trigger further bearish momentum.
3️⃣ Potential Targets:
First Target (~$360): If the bearish move begins, this level, marked as a prior area of support, could act as the next stopping point.
Second Target (~$316): A deeper correction could bring Tesla back to a more balanced price range, aligning with longer-term support zones.
TSLA - Key Support/Bounce ZonesTSLA made a 'M' pattern which is typically seen when an asset has made a top (e.g. SPY, QQQ and BTC). Stock price has declined sharply since.
Key support zones in the short term are is between 354 and 345. This is because there is a fib retracement level of 38.2% and gap fill between 354 and 345. This is a high probability zone because this is coincides with the upper trendline of the parallel channel that started at the start of 2023 and price broke through the channel in Nov 2024 before reaching new highs. Furthermore, SMA 50 is also at 345.
Should the price pierce through 345 then there is also a secondary support zone between 320 and 312. This is because there is a fib retracement level of 50% (golden ratio) and gap fill between 320 and 312.
Remember technicals are all probabilities, price reverse and test all time highs.
$FFIE Soars! This Stock Looks Just Like It, Trade Before Surge!Yesterday, NASDAQ:FFIE made a huge jump while it had been lying in my watchlist. I’ve been observing it for over a month and had been analyzing the technical aspects and monitoring the trading volume. However, due to concerns about its fundamentals, I hesitated to enter. The sudden surge yesterday left me shocked, and I missed out on such a significant profit opportunity! I really regret it...
So I spent the day researching, using my stock selection system. This time, I focused solely on the technical and found a small-cap stock - NASDAQ:AIFU - that looks extremely similar to NASDAQ:FFIE before its surge!
First, let me share my technical analysis of NASDAQ:FFIE before its surge, then I’ll compare it with the current technical trends of $AIFU. If you find it makes sense, consider giving it your attention!
From a technical perspective, NASDAQ:FFIE had been oscillating in a triangular formation at the bottom for a while, before its surge it was continuously testing the upper resistance of that triangle, before stabilizing and then rising! Additionally, there was unusual activity in trading volume leading up to the surge, with significantly increased volume just before it skyrocketed. Lastly, looking at the RSI, it was oscillating at the bottom, but the RSI was consistently rising, indicating a clear bullish divergence supporting the stock price increase.
Now, interestingly, let’s take a look at the technical trends for NASDAQ:AIFU :
From a technical standpoint, on the daily chart, NASDAQ:AIFU is also experiencing oscillation in a triangular formation, just like NASDAQ:FFIE did before its surge. It has started testing the upper triangle resistance, and if it breaks through and retests, establishing stability at that position would signal a potential breakout! Similarly, trading volume has been showing unusual activity, continuously increasing. Finally, looking at the RSI, although it hasn’t shown a clear upward trend during the oscillation period at the bottom of NASDAQ:AIFU , neither has it created any new lows; in fact, the stock price has made a new low, technically indicating a divergence at the bottom.
Could it all just be a coincidence? After missing the opportunity to double my investment with NASDAQ:FFIE , I really don’t want to miss out on $AIFU. I’m willing to take a chance and see if I can strike it rich this time!
Tesla’s Next Move: $425 or $420 – Which Way Will It Break?Morning Trading Tesla is gearing up for a big move, and all eyes are on $425 and $420. These levels are the key to figuring out where the stock is headed next. Let’s break it down so it’s easy to follow.
If Tesla Breaks Above $425
This is where the bulls could take control. Here’s what to watch:
$439: First stop. If we clear this, it’s a sign of strength.
Above $439: Things could really heat up. Long trades make sense here as Tesla could climb higher.
If Tesla Breaks Below $420
The bears might step in, and we’ll be looking for lower levels. Watch these zones:
$417: The first area where buyers might show up.
$402: A deeper pullback, but still within range for a bounce.
$394: A critical level—if this breaks, we could see more selling.
$374: The big one. If it gets this low, it’ll be a major area of interest.
Here’s the Game Plan
Keep it simple: Watch $425 and $420. If one of these breaks, it’ll give us a clear direction. Don’t forget to plan your trades, set stop-losses, and stick to your strategy.
If you enjoyed this breakdown, give it a follow or a like. Got questions about Tesla, other charts, or feeling stuck with trading? Send me a DM—I’d love to help!
Struggling with burnout, trading stress, or figuring out how to stay consistent as a trader? Reach out. I’m here to help you stay balanced and build a sustainable trading mindset.
Kirs/Mindbloome Exchange
Trade What You See
Tesla (TSLA) Stock Underperforms the Broader MarketTesla (TSLA) Stock Underperforms the Broader Market
Analysing Tesla (TSLA) stock chart on 12th December, we:
→ Identified an ascending channel, with the November price consolidation around $350 (marked by a thick blue line) potentially indicating the median line of the long-term ascending channel (highlighted in blue).
→ Mentioned that TSLA stock price could move toward the upper boundary of the channel, located near the psychological level of $500. However, the stock remained vulnerable to a pullback with a potential test of the $400 level.
What happened after our analysis?
According to Tesla (TSLA) stock chart:
→ The price bounced off the upper boundary of the channel, falling short of the psychological $500 level by approximately 2.5%.
→ On Friday, TSLA stock dropped by more than 3%, making it the worst-performing stock within the S&P 500 index (US SPX 500 mini on FXOpen).
This indicates that buyer momentum may have waned, leading to a correction from overbought levels (as indicated by the RSI) toward fair value, which could align with the channel’s median line. A test of the $400 level could be relevant.
Meanwhile, Wall Street analysts are pessimistic. According to TipRanks:
→ Only 13 out of 34 surveyed analysts recommend buying TSLA stock.
→ The average price target for TSLA is $293.76 by the end of 2025.
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.
TESLA: The move is only beginning! 40%+ UpsideCharturday #5: NASDAQ:TSLA 🚗🔋🤖
A top 3 trade/ investment for me right now!
Weekly Analysis:
-H5 Indicator is GREEN
-1/3 multi year Inverse H&S breakouts. One profit target remains, all others were hit!
-ATH Anchored volume profile FREE SPACE
-Williams CB is thriving
-Wr% is up trending
-In order to turn RESISTANCE (previous ATH) into SUPPORT we must retest to FLIP IT! This is what we are doing right now with this pullback.
DIP BUY BOX: $385-$415
🎯$581⏲️Before OCT2027
Not financial advice.
TSLA From Erections Come CorrectionsTSLA From Erections Come Corrections while double topping.
These are both very powerful structures that have formed and bulls should be very cautious. Taking profits here is advisable.
Fundamentally speaking it goes without saying, that TSLA is stupidly expensive.
Here is my previous bull call in TSLA that yielded a beautiful 50% plus return.))
Tesla’s Next Big Move: Here’s What to WatchQuick Tip:
If you’re on a losing streak—three trades down—it’s okay to take a break. Don’t let FOMO (fear of missing out) get to you! Set a timer for 15 minutes, step away from your screen, and do something else. Go for a walk, change rooms, or just breathe. No charts for those 15 minutes. You’ll come back clearer and ready to make better decisions.
What’s Up With Tesla?
Tesla ( NASDAQ:TSLA ) is at a crossroads, and things could get interesting soon. Here’s what to watch for:
1) If Tesla breaks above $440:
We could see the stock climb toward $544, which would be a strong move for the bulls.
2) If Tesla drops below $417:
It might head down to $389 or even lower, so be cautious.
Keep it simple: watch these levels, stay patient, and let the market show you where it’s going.
Kris/Mindbloome Exchange
Trade What You See
TESLA: Money On Your Screen 2.0| Lock in Fully 200% & 135% gainsA little over a month ago, I shared a post on TradingView recommending to take partial profits on Tesla shares. Back then, my target was around the $280–$300 zone, which was reached in the middle of November. Now, Tesla has climbed even higher, almost touching the $500 level!
This year, I shared two key ideas on Tesla:
The first was in April, highlighting an optimal entry point that could yield up to +200% returns.
The second came in early August, offering a chance for a +135% gain.
If you followed these ideas and held through, it might now be the ideal time to close out the rest of your position - full close. The current price level is extraordinary. Remember again ;) - money on your screen won’t feed your family. Gains are only real when they’re realized!
What’s Next?
The $500 zone is an impressive milestone, but such levels often come with increased volatility. If you’re considering holding for the long term, have a clear plan in place. For those taking profits, congratulations on seizing the opportunity, this is the result of disciplined strategy and execution.
This rally is another example, power of technical analysis, helping identify strong entry points and key exit zones.
Cheers to everyone who joined in and made the most of this move!
Best regards,
Vaido
Sliding In December: Is Tesla (TSLA) Losing Its Spark?
As always, we like to keep it clean and simple, with technicals and analysis that's easy to see and understand. Let's get into it:
Losing all its spark? Nah. But, we see a correction for TSLA happening this December, starting within the next 1-2 days. Why?
- It’s currently bumping into price levels we last saw in 2022, which served as a strong ceiling back then and might trigger profit-taking now.
- It's well into a Wave 5 Elliott Wave, signaling exhaustion in 4h/8h/1D timeframes.
- Overbought.
Additionally, many are noting that Tesla’s valuation feels stretched compared to its earnings and growth prospects. Analysts point out that its current price may rely on overly optimistic assumptions about future market share, tech breakthroughs, and profitability. Some also highlight that competitors are catching up, which could eat into Tesla’s premium valuation. Meanwhile, skeptics argue that the stock’s recent run has simply gotten ahead of fundamentals, and a correction might be due as more realistic expectations set in.
We see a 10% slide to the $360 range.
Let's see what December brings.
Be Alert.
Trade Green.
Tesla: Are We Dropping to $350 or Climbing to $480?Good morning, trading family.
Tesla is sitting at a key level, and it looks like we’re about to see a big move. Here’s what I’m seeing:
Option 1:
We could see a drop of $50-$60, taking Tesla down to $350-$360 before it finds support and bounces back.
Option 2:
If Tesla holds here and starts pushing higher, it could climb to $440. After that, we might see either:
A pullback of $50-$60, OR
A continued run all the way to $480.
This is one of those times where the chart is doing the talking. Trade what you see, not what you hope for.
If this breakdown makes sense, hit like, follow, and share your thoughts below. Where do you think Tesla is headed next? Let’s figure it out together.
Kris/ Mindbloome Exchange
TSLA CRACK!TSLA cracking higher with a gap up breaking out of a wedge after several attempts this year,
Personally, I don't like wedges since they have a tendency to crack one way and reverse the other.
But having the entire US gov't giving you a free pass to do whatever you want without fear of being prosecuted for illegal activity and getting even more free money from the taxpayers. It might be different this time.
I can only tell you what the charts say.
TESLA bounced right where it was supposed to! NASDAQ:TSLA bounced right where it was supposed to!
Tesla has had resistance turned support turned back to resistance dating back to 2021 on the chart, as seen by the white circles. It has broken the $300 level for the second time in the past three or so years. Now that it's broken, it has pulled back to the 9ema on the weekly chart, and the area that was once resistance has turned...you guessed it... SUPPORT. See you at $400 plus!
-HighFiveSetup is still intact with massive measured moves higher from our 1 and 3-year inverse H&S patterns.
-Tesla is up over 3% on a day, and the market is pulling back, which shows even more bullishness.
NFA
Tesla’s Autonomous AmbitionsMusk’s Vision vs. Reality: Tesla’s Path to Revolutionizing Transportation
Tesla recently experienced its best trading day since 2013, with the stock soaring 23% following the release of its Q3 earnings report. While the financial results were solid, investors are largely drawn to Elon Musk’s ambitious vision for autonomy a vision that presents significant challenges but holds substantial potential
Tesla’s rebound in deliveries, higher profit margins, and an unexpected forecast projecting 20% to 30% sales growth for next year reinvigorated investor confidence after a somewhat muted response to the October 10th 'We, Robot' event
The event showcased new products like the highly anticipated Cybercab (robotaxi) and Optimus (a humanoid robot) Despite the excitement, the presentation lacked detailed information, causing Tesla’s stock to decline by nearly 10% the following day
Despite being over 20 years old, the investment appeal of Tesla is still driven more by its future potential than its current state. Musk envisions mass-producing autonomous vehicles and robots, aspiring to make Tesla the largest company globally. Traditional valuation models based on recent performance can’t fully capture this long term vision
Tesla’s journey can’t be understood in isolation
Just three days after the 'We, Robot' event, SpaceX successfully launched its Starship spacecraft for the fifth time. The SpaceX “chopsticks” system successfully caught the Super Heavy booster after liftoff a crucial step toward making the booster completely reusable. This breakthrough could transform space travel by significantly reducing turnaround times and reshaping cost structures.
Elon Musk, at the helm of both Tesla and SpaceX, has a talent for transforming bold ideas into reality. SpaceX’s success in making rockets reusable has drastically reduced the cost of space travel, demonstrating that affordability can drive broader adoption.
This strategy mirrors Tesla’s vision for autonomous vehicles: by creating self-driving cars like the Cybercab, Tesla aims to reshape transportation with similar cost-efficiency principles. However, as with any disruptive technology, the range of possible outcomes is vast.
A balanced perspective considers Musk’s track record while acknowledging that his timelines can often be highly optimistic.
In 2021, Benedict Evans described Musk as “a bullshitter who delivers.” Whether Tesla’s vision for full autonomy will come to fruition remains uncertain, and fully autonomous fleets could still be years away. Nonetheless, Musk’s accomplishments with SpaceX add weight to Tesla’s ambitions, granting him credibility in the eyes of many.
The question remains: Will Musk’s ambitious autonomy vision fully take shape?
Today’s highlights:
- Tesla Q3 FY24 Results
- Key takeaways from the 'We, Robot' event
- Notable quotes from the earnings call
- Insights on Waymo, Uber, and the future of ridesharing
Tesla Q3 FY24 Overview
Tesla’s revenue is primarily generated from three segments
1. Automotive (80% of revenue): This includes the sale of electric vehicles, such as models S, 3, X, Y, and the Cybertruck.
2. Services and Other (11% of revenue): This segment encompasses vehicle services, the Supercharger network, and sales of automotive parts and accessories.
3.Energy Generation and Storage (9% of revenue): Revenue from solar products and energy storage solutions like the Solar Roof and Powerwall.
Key Metrics for Q3 FY24:
-Production: 470,000 vehicles produced (+9% YoY, +14% QoQ).
-Deliveries: 463,000 vehicles delivered (+6% YoY, +4% QoQ), which was slightly below analysts’ expectations of 464,000 and fell short of the Q4 2023 record of 484,000 deliveries. Despite price cuts over the last two years, Tesla’s auto sales growth has leveled off.
Financial Highlights:
-Revenue: $25.2 billion, an 8% YoY increase but fell short of expectations by $0.5 billion.
-Gross Margin: 20% (+2 percentage points QoQ and YoY).
-Operating Margin: 11% (+5 percentage points QoQ, +3 percentage points YoY).
-Adjusted EPS: $0.72, beating estimates by $0.12.
Gross Margin Insights:
-Automotive Gross Margin: 17% (excluding regulatory credits), up from 15% in Q2 and 16% a year earlier. The cost per vehicle dropped to an all-time low of $35,100. Notably, the Cybertruck achieved a positive gross margin for the first time. The automotive segment included $326 million in software revenue.
-Services and Other Gross Margin: Reached 9%, marking the 10th consecutive quarter of positive margins and a new record high.
-Energy Generation and Storage Gross Margin: The highest margin segment at 31%, also hitting a record high.
Overall, while Tesla faced some delivery shortfalls and plateauing auto sales, it managed to improve profitability across its segments, with key milestones in cost reductions and positive trends in gross margins.
Tesla’s Margins and Cash Flow Performance
Tesla’s industry-leading margins are driven by three major advantages:
1.Economies of Scale: Achieved through its expansive gigafactories.
2.Direct-to-Consumer Sales**: Tesla sells directly online and through its showrooms, bypassing traditional dealership networks.
3.Low Marketing Costs: Tesla spends very little on advertising compared to traditional automakers.
While Tesla expects its margins to expand over time due to growth in its non-automotive segments and software sales, its automotive margins have been pressured by price cuts in the last two years to sustain demand.
Cash Flow Highlights:
-Operating Cash Flow**: Increased by 89%, reaching $6.3 billion
-Free Cash Flow**: Jumped by 223%, hitting $2.7 billion
These cash flow figures stood out in the quarterly report, demonstrating Tesla’s ability to fund its ambitious plans for autonomy despite heavy investments in AI.
Guidance
1.FY24 Improvement: Tesla now expects slight growth in vehicle deliveries for FY24 (previous guidance indicated “notably lower” growth), implying a record-setting Q4 to make up for a weaker first half. Energy storage deployment is projected to more than double.
2.FY25 Outlook Surprise: During the earnings call, Musk forecasted 20% to 30% delivery growth in FY25, surpassing market expectations. A new, more affordable model is anticipated to launch in the first half of FY25, potentially easing investor concerns about competition.
3.New Product Strategy: The upcoming affordable vehicles in 2025 will be based on Tesla’s existing platform, indicating less dramatic cost reductions than previously suggested. However, the Robotaxi will bring a fresh manufacturing strategy.
Key Takeaways
1.Volumes Rebounded: After a 7% decline in deliveries during the first half of 2024, volumes recovered in Q3. Prices have stabilized, and Tesla’s focus on reducing unit costs contributed to improved automotive gross margins. Management’s priorities remain on unit volume and maintaining low inventory levels.
2.More than Just EVs: Non-automotive segments, such as Energy and Services, accounted for 20% of Tesla’s revenue this quarter, up from 16% a year ago. Likewise, these segments contributed about 20% of Tesla’s gross margin, nearly double from the previous year. As these segments grow, their impact on Tesla’s profitability will become increasingly significant.
3.Operating Margin Gains: Improved by 3 percentage points year-over-year:
-Negative Impact: Price cuts, mainly due to financing incentives.
-Positive Impact**: Lower costs per vehicle, growth in non-auto segments, FSD revenue, increased deliveries, and higher regulatory credit revenue.
4.Free Cash Flow Surge: Doubled sequentially to $2.7 billion. Capital expenditures increased by 43% to $3.5 billion, largely driven by investments in AI infrastructure. Tesla plans to spend over $10 billion on AI this year.
5.Strong Balance Sheet: Tesla maintains a net cash position of nearly $30 billion, which management believes provides ample liquidity to support its product roadmap and sustain positive cash flow margins.
We, Robot’ Event Takeaways
Key insights from the recent announcements include:
- Cybercab (Robotaxi): Tesla introduced the much-awaited Cybercab, a sleek two-seater, but key technical details—such as sensor configurations and processing capabilities—were notably absent. Musk’s decision to forgo lidar technology, a feature commonly used by competitors like Waymo, could potentially raise regulatory concerns about safety and compliance.
1.Optimus (Humanoid Robot): While the Optimus robots were a hit at the event, performing tasks like serving drinks and dancing, this entertaining display overshadowed the reality of how far the technology is from practical use. Reports indicated that the robots were primarily operated by humans, raising questions about their actual autonomous capabilities and readiness for industrial applications.
2.Robovan: A surprise announcement was the debut of the Robovan, a versatile vehicle intended for both mass transit and cargo transport. Its stylish Art Deco-inspired design drew attention, but like the Cybercab, it lacked concrete details or technical insights to convince analysts that the product is close to entering production. The presentation didn’t provide enough information to quell investor skepticism about its feasibility.
3. Full Self-Driving (FSD) Progress: Elon Musk projected that Tesla’s FSD technology would achieve full autonomy by 2026, with the Cybercab and current models (like the Model 3 and Model Y) spearheading this effort in Texas and California. However, Musk’s history of ambitious FSD promises has been met with ongoing skepticism, and this presentation did little to change that. No new safety data or significant updates were provided to address reliability concerns, leaving regulatory and safety issues unresolved. Tesla still faces significant challenges in proving its FSD capabilities are ready for public use without human oversight and in obtaining regulatory approval at both federal and state levels.
4.Market Reaction: Analysts expressed mixed feelings about the event. While some found the futuristic concepts inspiring, others noted the lack of substantial progress and the vague nature of Musk’s promises. This left investors questioning how close Tesla truly is to achieving its autonomy and robotics goals. For many, the event leaned more towards spectacle than solid evidence of progress.
Shareholder Deck Updates
1.Supercharger Network: Tesla’s Supercharger Network received widespread industry support, with most automakers now adopting Tesla’s North American Charging Standard (NACS). This acceptance is likely to boost Tesla’s Services segment and improve its margins in the long term. The number of Supercharger stations increased by 20% year-over-year to 6,706. Tesla also rehired some of the nearly 500 Supercharger team members who had been laid off earlier in the year, indicating renewed focus on this segment.
2.Market Share: Tesla’s market share remained steady in North America and Europe on a sequential basis, but saw a noticeable improvement in China, signaling stronger competitiveness in the region.
These details paint a picture of a company with promising ambitions but facing significant challenges in bringing its bold visions to reality. Investors will be watching closely for concrete progress and clearer timelines moving forward.
Key Updates from the Earnings Call
Full Self-Driving (FSD) Progress
- Tesla has surpassed 2 billion miles driven using its FSD (supervised) technology, which forms a core part of the company’s data advantage. This milestone underpins Tesla’s long-term autonomy thesis. Additionally, Tesla launched **FSD version 12.5** and introduced the Actually Smart Summon feature, enabling vehicles to autonomously drive to their owners in parking lots.
AI Training Capacity
- Musk shared that Tesla expects to have **nearly 90,000 H100 clusters dedicated to AI training** by the end of the year, enhancing the company’s machine learning capabilities.
Energy Storage Deployments
- Tesla deployed **6.9 GWh of energy storage** in Q3, although this fell short of the record 9.4 GWh achieved in Q2. The 40 GWh Megafactory in Lathrop is ramping up production, reaching 200 Megapacks in a single week. The **Shanghai Megafactory** is set to start shipping Megapacks in Q1 2025 with a run rate of 20 GWh. Tesla noted that energy deployments are inherently lumpy due to factors such as customer readiness and geographic order locations.
Key Quotes from the Earnings Call
Elon on the Cybercab:
- “I do feel confident of Cybercab reaching volume production in ‘26. We’re aiming for at least 2 million units a year, maybe 4 million ultimately.”
Musk envisions the Cybercab becoming a global, high-volume autonomous vehicle service. However, achieving this scale requires overcoming two major challenges: delivering level 5 autonomy at a competitive cost and navigating regulatory approval across regions with varying laws, road conditions, and weather considerations.
- Musk also dismissed the notion of a regular low-cost model, stating, “I think having a regular $ 25,000 model* is pointless.” He emphasized focusing on the Cybercab as a generational leap forward.
Musk on FSD:
- “Our internal estimate is **Q2 of next year** to be safer than human and then to continue with rapid improvements thereafter.”
He expressed confidence that full autonomy could be achieved in 2025 with existing vehicle models, although regulatory hurdles and safety standards remain significant barriers.
On Tesla’s Ridesharing App
- Tesla is already testing a *ridesharing capability* in the Bay Area for employees, with safety drivers currently in place. Musk anticipates launching the service for the public in California and Texas next year, pending regulatory approval. He added, “**I’d be shocked if we don’t get approval next year**,” but acknowledged that regulatory timelines are out of Tesla’s control.
Musk on Optimus:
- “We’re the only company that really has all of the ingredients necessary to scale humanoid robots.” He believes that the *Optimus robot* could become the “most valuable product ever made,” owing to Tesla’s combined AI and manufacturing advantages. However, the product remains at an early development stage and will likely take years to fully commercialize.
On Tesla’s Valuation:
- Musk reiterated his bold prediction: “Tesla will become the most valuable company in the world and probably by a long shot” He argued that Tesla’s strategic focus on future advancements in energy, transport, robotics, and AI sets it apart from competitors who are only targeting short-term trends.
Waymo, Uber, and Rideshare Future
There are two distinct paths to achieving full autonomy
1.Waymo’s Approach: Waymo focuses on highly structured, geo-fenced environments with extensive pre-mapping and sensor-based systems like lidar to ensure safety.
2.Tesla’s Approach: Tesla aims to develop a generalized self-driving system that works with computer vision and AI, relying on its fleet’s extensive data advantage and scaling software improvements. However, Tesla’s reluctance to use lidar technology and regulatory challenges could hinder its timeline for achieving level 5 autonomy.
These differing strategies highlight the varied paths to delivering a future of autonomous transportation, with each approach facing unique technical and regulatory hurdles.
Levels of Autonomy
- Tesla's FSD (Supervised): Tesla’s Full Self-Driving system remains at **Level 2**, meaning it still requires driver supervision to operate. In contrast, **Waymo** operates at **Level 4** in certain cities, where its vehicles can drive without human intervention, albeit under specific conditions.
-Jumping Levels: Musk’s vision for the Cybercab aims to skip from Level 2 to **Level 5 autonomy**, which implies no need for human input at all—a huge leap.
Technology Approach
-Tesla’s Strategy: Tesla relies on a **camera and AI-only approach**, focusing on software and data scalability rather than expensive hardware. Musk’s bet is that advanced software can eventually solve all driving scenarios.
- Waymo’s Strategy: Waymo uses a **hardware-intensive model** with a combination of LiDAR, radar, and cameras**, providing highly precise navigation. However, the reliance on multiple sensors leads to higher production costs per vehicle, around **$200,000** each.
Scaling Challenges
-Waymo’s Limitation: The high cost of Waymo's vehicles has hindered its ability to scale quickly, while Tesla plans to leverage its extensive fleet data to improve its autonomous systems over time.
-Tesla’s Repeated Delays: Despite its aspirations, Tesla’s full autonomy timeline has faced numerous delays. Scaling quickly while achieving robust and safe autonomy remains a significant challenge for the company.
Safety and Regulation
-Waymo’s Approach: Waymo has built trust with regulators by deploying vehicles cautiously in select cities and prioritizing safety, but its operations remain limited geographically.
-Tesla’s Regulatory Hurdles: The Cybercab’s design lacks traditional controls like steering wheels and pedals, raising concerns about regulatory approval. These changes could face substantial scrutiny, particularly if safety standards require features Tesla’s design omits.
Tesla and Uber: Competitors or Partners?
-Potential Partnership: Uber CEO Dara Khosrowshahi found the Cybercab vision "pretty compelling" and didn’t dismiss the possibility of a collaboration. Uber already partners with Waymo to offer autonomous rides in cities like **Phoenix, Atlanta, and Austin**. Khosrowshahi’s openness to partnership means there’s potential for Tesla's Cybercab fleet owners to list their vehicles on Uber to boost earnings.
-Hybrid Model: By leveraging Uber’s vast network, Tesla could quickly gain scale in local markets, especially given Uber’s capability to serve diverse customer needs. This could lead to a hybrid model where Tesla’s autonomous vehicles are available on Uber alongside other options.
Regulatory Challenges: An Obstacle to Elon’s Vision ?
-Waymo’s Critique: Former Waymo CEO John Krafcik criticized the Cybercab, highlighting its impracticality for a large-scale robotaxi business. Waymo’s approach focuses on accessibility and safety with taller vehicles and high-mounted sensors, whereas Tesla’s design was light on crucial technical details.
-Possible Lidar Mandate: Krafcik also noted that if regulators eventually require LiDAR technology for safety compliance, Tesla’s camera-only approach could face a significant setback. Regulatory decisions are beyond Tesla’s control and could fundamentally reshape its autonomy strategy.
-Musk’s Political Maneuvering: Musk’s political activities and controversies could complicate Tesla’s regulatory relations. Building strong connections with regulators is critical, given their power to greenlight or halt the Cybercab’s deployment.
Final Thoughts
The coming years will be pivotal for Tesla as it strives to overcome both techno logical and regulatory challenges. The success of Tesla’s autonomy plans hinges not just on its technological progress but also on its ability to navigate complex and varied regulatory frameworks worldwide. Whether Musk’s bold vision for full autonomy becomes a realityor remains a distant dream will depend on a combination of innovative breakthroughs and the company’s capacity to gain and maintain regulatory approval.
Are you Moonish on Tesla or not?
Tesla (TSLA) short term outlookTesla (TSLA) stock is forming an ascending triangle pattern on its daily chart, which signals a potential bullish continuation. This formation is characterized by a horizontal resistance level and a rising trendline of higher lows, reflecting increasing buyer strength and suggesting the possibility of an upside breakout.
The stock has repeatedly faced selling pressure at a horizontal resistance level, which represents a key inflection point. A breakout above this zone could attract further buying interest and signal a continuation of the upward trend. Meanwhile, the rising trendline, formed by higher lows, highlights consistent buying support even during pullbacks, reinforcing confidence in Tesla's bullish trajectory.
Volume is a crucial factor in validating this breakout. A surge in volume as TSLA moves above resistance would confirm the breakout, whereas low volume could indicate a false move, requiring caution. The stock is currently trading above its key moving averages, which are aligned in a bullish formation. Additionally, momentum indicators like RSI and MACD should be monitored closely to confirm the strength of the move.
For traders looking to capitalize on this setup, a potential strategy could involve entering a long position once the stock decisively breaks above the resistance level, ideally accompanied by increased volume. A stop loss can be placed just below the ascending trendline or the most recent higher low to manage downside risk. Profit targets can be estimated using the height of the triangle, projected upward from the breakout point. As the stock moves higher, trailing the stop loss could help lock in gains while still allowing for additional upside potential.
Tesla’s ascending triangle pattern suggests the stock is at a critical juncture. A breakout supported by strong volume and positive momentum could signal the next leg of its bullish trend. However, as with any technical setup, traders should remain cautious, monitor key levels, and use proper risk management to navigate potential volatility.