Charging Ahead: Tesla's Journey to Becoming the Next NVIDIA🚀 🚀 🚀 NASDAQ:TSLA Extremely bullish outlook.
The weekly chart just closed last week with a huge bullish range expansion and engulfing bar closing above previous weekly highs signaling BULLS ARE BACK. Price has now completely changed from bearish to bullish. We are now making higher lows and higher highs.
Do keep in mind that a retrace even towards $220’s is still possible, in case this happens this will be the IDEAL LONG ENTRY although it is very unlikely.
From a MACRO perspective, this is one stock that looks ready to finally pump to new all time highs so forget about short time frames trading and focus long term and build your positions by dollar cost averaging your way in.
Tslalong
Analyzing Tesla's Meteoric Rise: A 22% Surge and Musk's OptimistTesla's stock experienced a dramatic surge of 22% on Thursday, marking its most significant single-day gain in over a decade. This extraordinary performance was fueled by a better-than-anticipated earnings report and CEO Elon Musk's bullish projections for the company's future growth.
The electric vehicle (EV) giant's third-quarter profit margins were bolstered by a substantial $739 million in revenue generated from environmental regulatory credits. This unexpected windfall contributed to the company's overall financial performance and further fueled investor optimism.
However, the primary catalyst behind Tesla's stock surge was Musk's optimistic outlook for 2025. The Tesla CEO expressed his belief that the company's vehicle growth could reach an impressive 20% to 30% next year, surpassing the 15% growth rate anticipated by analysts. This bold prediction ignited investor enthusiasm and sent Tesla's stock soaring.
The impact of Tesla's stock surge was not limited to the company's market valuation. Elon Musk's wealth also experienced a significant boost, increasing Tesla's Meteoric Rise: A 22% Surge and Musk's Optimistic Outlook
by approximately $26 billion. As a result, Musk's net worth now stands at nearly $270 billion, solidifying his position as one of the world's wealthiest individuals.
Tesla's remarkable performance on Thursday can be attributed to several key factors:
• Strong Earnings Report: The company's better-than-expected earnings report demonstrated its ability to deliver solid financial results, even amidst challenging market conditions.
• Regulatory Credit Revenue: The unexpected revenue from environmental regulatory credits provided a significant boost to the company's bottom line.
• Musk's Optimistic Outlook: Elon Musk's bullish projections for 2025 growth instilled confidence in investors and fueled expectations for continued strong performance.
• Investor Sentiment: Positive investor sentiment surrounding Tesla's innovative technology, strong brand reputation, and growing market share contributed to the stock's surge.
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While Tesla's recent performance has been impressive, it is important to note that the company still faces several challenges. These include intensifying competition from other EV manufacturers, supply chain disruptions, and potential economic headwinds. Additionally, Tesla's reliance on regulatory credits for revenue could diminish as stricter emissions regulations are implemented.
Despite these challenges, Tesla remains a dominant force in the EV industry. The company's technological advancements, strong brand loyalty, and expanding global presence position it well to capitalize on the growing demand for electric vehicles. As Tesla continues to innovate and execute on its ambitious growth plans, it is likely to remain a key player in the automotive industry for years to come.
In conclusion, Tesla's 22% stock surge on Thursday was a testament to the company's strong financial performance, Elon Musk's optimistic outlook, and positive investor sentiment. While challenges remain, Tesla's innovative spirit and strong market position make it a compelling investment opportunity for those willing to embrace the risks associated with the EV industry.
Tesla Weekly to 4 Hour Deep Analysis EVERYTHING YOU NEED TO KNOWMorning Trading Family
Tesla broke out of the zone we expected it would with a quick fake for the bears then the positive news punched Tesla up like no tomorrow.
Today I break Tesla down into the nitty gritty using all the tools to give you levels to look out for in the coming days.
Overall Tesla can hit 300 and beyond but we have a few levels to hit before we get there.
Enjoy the video
If you liked this content, follow, like, share and boost: truly grateful for your time and your comments
Mindbloome Trading
Trade What You See
$TSLA DOIN THE ROBOT DANCE TO $270-$300 PARABOLICThe target patterns are right on the chart. Invest smart, invest hard. Buy the dip thst just happened. You want to make sure you'll be in trade in these next few rallies.
Stock Wrangler out.
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Robotaxi day coming! Tesla is about to go bullish again?
Tesla started a short-term pullback after be rejected by the resistance level of previous highs and the upper edge of the bullish channel, exactly followed what we have predicted on 25 sep.
so will tesla stop drop and go bullish again?
once point will need our attention is that tesla has been promoting their upcoming “Robotaxi Day” presentation, set for October 10 at Warner Brothers Studios in Los Angeles.
if it could meet market expectations, the price could be supported above the lower band of bullish channel.
It probably will start to go bullish again!!!
TSLA has a notable gap above the earnings high from July.NASDAQ:TSLA has formed a notable level at $235, which has been rejected multiple times since reporting earnings in July. If TSLA can reclaim and build over this key supply, it may fill in the gap on the daily chart that was created after the earnings drop.
TSLA four-hour chart shows a potential Gartley harmonic.NASDAQ:TSLA is forming a potential bearish Gartley on the four-hour chart, which would result in bullish price action on the C to D leg, as long as point C on the chart holds. Point C on the chart also corresponds to the daily 200 SMA, and is right above the psychological $200 level, which adds confluence to the long entry at $202.50.
TSLA potential Buy setupReasons for bullish bias:
- DOW theory, Entry at HL
- Price is at a strong support zone
- 0.5 Fib level
- RSI is synched(No divergence)
Here are the recommended trading levels:
Entry Level(CMP): 207.92
Stop Loss Level: 165.35
Take Profit Level 1: 250.49
Take Profit Level 2: 293.06
Take Profit Level 3: Open
TSLA ( Tesla ) BUY TF H1 TP = 248.08 Good luck!On the H1 chart the trend started on Aug. 8 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 248.08
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
TESLA will reach a new ATH?My answer to the topic is yes, but it may take some time. here are my reasons:
firstly, the price is moving in a bullish channel, and closing to the upper channel, which indicates resistance to the current price.
secondly, according to volume profile, the price is in the chips concentration area, which verified the resistance level is important.
so, the price may continue to go up after a short-term pullback.
Tesla - This Is Still Not Bearish!Tesla ( NASDAQ:TSLA ) is stuck between structure:
Click chart above to see the detailed analysis👆🏻
Tesla continues to consolidate in the long term descending triangle pattern. Following previous price action, a bullish breakout is much more likely but Tesla is still trading below the trendline resistance. A potential bullish breakout will be followed by an incredible rally and new highs.
Levels to watch: $160, $230
Keep your long term vision,
Philip (BasicTrading)
$TSLA Ready to go bullish?
First of all, the price has broken above the downtrend line, and started to moving in a uptrend market.
However, according to the trading volumes, more chips are bought in the top area, meaning that there's strong resistance above the current price.
Therefore, I think the price might continue to fluctuated below the resistance area in a short term period.
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
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.
TSLA has multiple daily demand zones converging.NASDAQ:TSLA has several daily demand zones converging below today's low. This may provide an intraday short opportunity tomorrow, followed by an opportunity to add equity long into these demand zones for a move higher in the coming days, as long as the daily 50 SMA is held.
Tesla - Possibility Of A BreakoutNASDAQ:TSLA can break out soon:
Over the past two weeks we saw an incredible stock market rally and also Tesla completely reversed the flash crash which we saw in the beginning of August. It is still quite possible that Tesla will break out of the long term triangle and immediately head back to the previous highs.
Levels to watch: $230, $400
Click chart above to see the detailed analysis👆🏻
Keep your long term vision,
Philip (BasicTrading)
TSLA is targeting 295 & 330 & 430Hello Traders,
I'm sharing a long position on TSLA, and I'll explain my reasoning below.
Entry Price: 223
Stop-Loss: 172
1st Target: 295
2nd Target: 380
Reason 1: The price has rebounded from the lower deviation of the uptrend channel (grey), not the lower deviation of the downtrend channel (blue). It is now targeting the upper deviation resistance line of the uptrend channel (grey) at 295.
Reason 2: A cup & handle pattern is progressing and will likely be confirmed if the price closes a weekly bar above 253 and the target will be around 330,380 and maybe 430 as shown below
NASDAQ:TSLA
TSLA / TESLATSLA (Tesla, Inc.) Stock Analysis:
Key Dates and Potential Market Movements:
1. August 23, 2024 - Potential Upside:
• Scenario: The chart indicates a potential bullish movement around late August 2024. This could be driven by positive earnings reports, advancements in Tesla’s technology, or an increase in market optimism around Tesla’s leadership in the EV market.
• Impact on Price: We might see a short-term rally in Tesla’s stock price, pushing it towards previous highs around the $270 mark.
2. October 15, 2024 - Potential Downside:
• Scenario: As we approach mid-October 2024, the chart suggests a potential bearish phase. This could be due to broader market corrections, profit-taking by investors, or any negative news related to supply chain disruptions or increased competition in the EV market.
• Impact on Price: Tesla’s stock could see a pullback, potentially testing support levels around $215 or even lower.
3. February 19, 2025 - Recovery Phase:
• Scenario: By early 2025, the chart indicates a recovery phase, possibly due to strong Q4 2024 earnings, the introduction of new Tesla models, or significant advancements in battery technology.
• Impact on Price: This period might mark the beginning of a new bullish trend, with Tesla’s stock price climbing back towards the $250-$300 range.
4. May 9, 2025 - Consolidation or Continued Growth:
• Scenario: The market could enter a consolidation phase, where the stock trades within a range, or Tesla could continue its growth trajectory depending on the broader economic conditions and Tesla’s performance.
• Impact on Price: If the market conditions are favorable, Tesla might break out to new highs; otherwise, we could see sideways movement in the $250-$300 range.
5. September 4, 2025 - Potential Market Shift:
• Scenario: As we approach late 2025, the chart suggests another critical phase, potentially influenced by macroeconomic factors, such as changes in interest rates or shifts in consumer demand for EVs.
• Impact on Price: This could lead to either a breakout to new highs or a retest of lower support levels, depending on the prevailing market sentiment.
6. December 4, 2025 - Year-End Rally:
• Scenario: The end of 2025 could see a year-end rally, driven by strong sales numbers, holiday season demand, or favorable policy decisions regarding EV subsidies.
• Impact on Price: Tesla’s stock might experience a strong rally, potentially setting new highs or revisiting levels around $300.
Considerations for Investors:
• Technological Advancements: Tesla’s continued innovation in battery technology, autonomous driving, and energy solutions could be key drivers of its stock price.
• Market Sentiment: Investor sentiment around the EV market and broader technology sector will play a crucial role in Tesla’s stock movements.
• Geopolitical and Economic Factors: Changes in global trade policies, supply chain disruptions, and shifts in consumer demand could impact Tesla’s performance.
Given the potential market shifts and Tesla’s leadership in the EV space, are you considering adding Tesla to your portfolio? How do you see Tesla’s position evolving as we approach key market dates in 2024 and 2025?