Tesla Announces a Five-for-One Stock SplitTesla on Tuesday announced a five-for-one stock split effective August 31. At the close of trading on August 28, shareholders will receive five shares for every one they own
Tesla, Inc. (“Tesla”) announced today that the Board of Directors has approved and declared a five-for-one split of Tesla’s common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors. Each stockholder of record on August 21, 2020 will receive a dividend of four additional shares of common stock for each then-held share, to be distributed after close of trading on August 28, 2020. Trading will begin on a stock split-adjusted basis on August 31, 2020.
Forward-Looking Statements
Certain statements, including, without limitation, statements regarding the expected timing and impact of the stock dividend are “forward-looking statements” that are subject to risks and uncertainties. These forward-looking statements are based on management’s current expectations. Various important factors could cause actual results to differ materially, including the risks identified in our filings with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for the quarter ended June 30, 2020. Tesla disclaims any obligation to update this information.
Tslaanalysis
TSLA LongTSLA has been consolidating for a little bit now, This stock is currently at a 61.8 Fib Level, 2 Hour Upward Trendline and a 2 hour support. Market structure hasn't been broken to determine change of trend as of yet. I am still in calls and looking for next projection of 1547.35 with final projection of 1596.00
🍻 Focus In On The Next Longterm Tesla Play!2 day chart showing doji compression after an overextended move.
If you know me, you know these are the type of opportunities when I look for the next long term investment.
Daily red a cross the board on all indicators, 2 day is shifting red on the ema dots. The 15 ema dots on the bottom still trying to make its transition.
I currently have a lot of size sitting in on dow jones index short as it is playing off previous high.
The name of the game. Find the trend reversals and play with good risk management.
I believe 1432 is a good level to keep an eye on for a breakout to see how exhausted this move really is.
Best of luck.
You Choose To Make Trading Complicated... Why?You will never control where the market goes next... unless you are a market maker with very deep pockets.
Stop trying to predict where something will be in 6 months and focus on what's happening now.
Your objective as a trader is to manage risk at Distribution/Accumulation points in the markets.
Here we have a chart of tesla.
Custom Candles, Ema Dots Indicator and The Custom RSI
We leverage the candles as confirmation of what price action wants to do as of right now.
If we have strong engulfing candles we NEVER chase.
You need to manage your risk on these compression points.
What we do is focus on the compression points of doji candles as they can shift signs of indecision and potential market exhaustion.
Then we align with the ema dots and rsi for correlation to leave overbought/oversold territory to identify the next major trend.
If you can manage a tight risk on capital on the trend turning points, that is how you win.
You have to risk a little to win big.
If you enter a trend shift and don't set a stoploss and the trend goes against you... that is how a large amount of traders blow their accounts.
You need to understand to manage risk and have the correct setup to identify the best trends in the markets.
It is inevitable that you will catch the next big trend if you play the trends correctly.
Filter out most of the noise and utilize a larger timeframe. Smart money let's their assets work for them over time.
TESLA will be included in SnP500 (Bullish breakout expected)Tesla reported its fourth quarterly profit in a row Wednesday, positioning the electric-car maker as a leader in an auto sector that has struggled during the pandemic, and clearing the way for the stock to join the S&P 500. For the second quarter of 2020, Tesla made $104 million in net income on more than $6 billion in revenues. That beat forecasts by Wall Street analysts who had anticipated a loss of nearly $250 million and revenues of $5.4 billion.
Based on some calculations, approximately 20% of the outstanding Tesla stocks will have to be purchased by those index funds trailing SnP500 and they can purchase it anytime before or after SnP announces that Tesla will be included in the index.
There is also quite alot of shorts opened (people betting against Tesla) against Tesla (approx $20 billion) which means if market pumps today, those shorts trader will have to buy back some Tesla shares to exit their positions.
Therefore, i'm quite bullish on Tesla for this short period time and although it is overvalued if you look at their market cap compared to their profits, market forces in the trading market will push this stock up for the time being.
Analysis on Tesla Stock RallyMany people are looking at Tesla's stock currently because from March till now, within a period of 4 months, it went up approximately 5x which is rarely seen in the stock market.
Tesla is a huge company but it has never yet made profits for four quarters in a row, and thus isn’t eligible for inclusion in the S&P 500, the world’s most tracked index. If it manages to show a profit for the second quarter, then it will have passed that threshold, and the committee that oversees the S&P 500 would probably add it to the index sooner rather than later.
Tesla's market cap is currently at $275 billion. With only having less than 10% of Toyota's revenue, Tesla market cap is currently approx $50 billion higher than Toyota's. I feel Tesla is probably overvalued now and is primed for a crash soon. Think it will hit support at around $1,000 price point.