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TSLA (Tesla) Technical Analysis and Trade Idea Upon analyzing TSLA (Tesla), we can see that it has been in a sustained downward trend. Notably, price has entered a critical support zone, exhibiting a double bottom pattern on the chart. Additionally, there has been a downward move beneath this double bottom, tapping into liquidity. Given the significance of this support zone, I anticipate a reaction, potentially leading to a substantial retracement. Another noteworthy aspect is the imbalance above the current price range, which could serve as a target. Furthermore, I acknowledge the influence of seasonality in stock markets, a topic I delve into within the accompanying video. In the video, we explore trends, price action, market structure, and other essential elements of technical analysis.
NASDAQ:TSLAShort
by fxtraderanthony
3
Tesla - Triangle and -33% drop!Hello Traders and Investors, today I will take a look at Tesla . -------- Explanation of my video analysis: With Tesla stock breaking above previous resistance in 2019 and coming back to retest it in 2020, this stock then took off and created one of the most insane rallies which I have ever seen. At the moment though, Tesla is consolidating in a descending triangle formation and there is a high chance that Tesla will again come back to retest the lower support at $110 for a third time. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:TSLAShort
by basictradingtv
8
Should You Short Tesla? A Look at China's Potential RisksShould You Short Tesla? A Look at China's Market Rebound and Potential Risks Tesla (TSLA) stock has been on a downward spiral in 2024, and some investors are considering shorting the stock. This strategy involves borrowing shares, selling them at a high price, hoping the price falls, and then repurchasing them at a lower price to return to the lender. While China's electric vehicle (EV) market rebound and competition from local players present challenges for Tesla, shorting the stock comes with significant risks. China's EV Market Rebound: A Double-Edged Sword China, the world's largest EV market, experienced a slow start in 2024 due to various factors, including supply chain disruptions and COVID-19 lockdowns. However, recent reports indicate a significant rebound in April. This is good news for the overall EV industry, but it's a mixed bag for Tesla. Tesla's China Woes: • Sales Slump: While Chinese EV makers like BYD and NIO reported strong sales growth in April, Tesla's sales in China dropped significantly compared to the previous month. This could be due to a combination of factors: o Increased Competition: Chinese manufacturers are offering a wider range of EVs at competitive price points, catering to local preferences. o Brand Perception: Recent quality control issues and negative publicity might be impacting consumer trust in Tesla. Headwinds for Tesla: Beyond China, there are other concerns for Tesla: • Job Cuts and Demand Concerns: Tesla's recent job cuts fueled speculation about weakening global demand, potentially leading to production slowdowns. • Macroeconomic Factors: Rising interest rates and inflation could dampen consumer spending on high-priced EVs. • Increased Competition: Legacy automakers are aggressively entering the EV market with advanced technology and established production capabilities. The Case Against Shorting Tesla Despite these challenges, shorting Tesla comes with inherent risks: • Short Squeeze: If Tesla's stock price unexpectedly rises, short sellers face significant losses as they scramble to repurchase shares at a higher price. Tesla has a large and passionate fanbase who might jump in to buy the dip, further squeezing short positions. • Elon Musk Factor: Tesla CEO Elon Musk is known for his unpredictable actions and ability to rally investor sentiment. A positive announcement or innovation could trigger a sharp stock price increase, catching short sellers off guard. • Long-Term Potential: Tesla remains a leader in EV technology and innovation. The company continues to invest in R&D and expand its production capacity, potentially positioning itself for future growth. Alternative Strategies Instead of shorting Tesla, investors might consider these options: • Put Options: Put options allow investors to profit if the stock price falls. This strategy offers limited downside risk compared to shorting. • Investing in Competitors: Investors could look at Chinese EV companies that are gaining market share, potentially benefiting from the rebounding market. • Hedging: Combining long positions in Tesla with short positions in other EV stocks can create a more balanced portfolio. Conclusion
NASDAQ:TSLAShort
by bryandowningqln
Prediction to Earnings on TSLA (Closing gap slowly, then retest)TSLA is being tossed aside as all attention goes to NVDA and semiconductors. TSLA has been experiencing slow growth relative to the S and P. These are my thoughts on TSLA price action up to earnings in mid April. This is a prediction that is longer in time frame compared to my usual predictions, so take with a massive grain of salt. I'll update as more information comes up near earnings. We see a channel formed starting from the previous earnings. With it's current growth speed, I expect filling the gap early March to the $210 range. I believe attention will continue into semiconductors, and bring TSLA along with them to this point. Since we hit new ATHs with the S and P and NVDA recently, this seems like a good estimate as to when we will see a market correction. Momentum into the S and P seems that it will carry it for a few weeks. The TSLA options market seems to align with this, since we have P/C ratios between 0.5 through 0.75. After this upward leg, I expect investors to brace for earnings in mid-late March, early April. With no new exciting news coming from the EV space, I think investors will expect a similar results to the previous earnings report. This is where we may begin seeing price action back towards previous lows, potentially retesting $185 to $190 prior to earnings. Post earnings: It's easy to think we will have a similar result as the previous quarter, since we don't have news, but the EV sector is looking to slash jobs and cut costs. This may help TSLA keep a larger margin that may potentially be lost by Tesla car price cuts. With more information leading up to earnings we may be able to refine this. As always, significant market news can change things to unpredictable places, so I'll be keeping an eye out and updating.
NASDAQ:TSLA
by valentine_j_
8
TSLATsla share repumped today to retest the broken upper trend There are a lot of movement expectations : 1- The Price close above the Key LVL 205.30 then we can find the prices go up again to try to rebuild new wave (not expected by myself) 2- The price is retesting the upper trend showing at the drawing, so later on we will see push of selling the share and this is my expectation. if the price go down i preferer to invest on it with the suggested percentages Thanks and Best regards
NASDAQ:TSLAShort
by Tdawly_Official
Tesla Stock in Limbo: A 43% Plunge Leaves Investors Wary Ahead oTesla, once the undisputed champion of the electric vehicle (EV) market, finds itself in a precarious position. The company's stock price has been on a downward spiral, tumbling nearly 43% in the last month. This dramatic decline has left investors apprehensive as Tesla prepares to report its earnings. Several factors are contributing to the bearish sentiment surrounding Tesla. Firstly, concerns are swirling about the company's business strategy. Sales of electric vehicles have dipped, raising questions about whether Tesla can maintain its growth trajectory. The much-anticipated Cybertruck has yet to materialize, and delays in the rollout of the cheaper electric vehicle have further dampened investor enthusiasm. Elon Musk, Tesla's enigmatic CEO, hasn't helped matters. His focus on ventures outside of Tesla, coupled with his penchant for making controversial pronouncements, has sown seeds of doubt among some investors. They worry that Musk's attention is divided, potentially hindering Tesla's ability to navigate the increasingly competitive EV landscape. Adding to the woes is the overall market correction. Rising interest rates and inflation have dampened investor appetite for growth stocks, a category Tesla once dominated. Tesla's lofty valuation, currently sitting at nearly 47 times forward earnings, also makes it a prime target for a sell-off. This high valuation is particularly concerning given the recent sales slump and the uncertain outlook for the EV market. However, there is a silver lining. The recent plunge has pushed Tesla's stock price into what some analysts call "no man's land." This means there's a significant gap between the current price and potential downside. While the stock could fall further, the dramatic decline has already priced in a considerable amount of negativity. This could pave the way for a "relief rally" if Tesla's earnings report isn't a complete disaster. Some analysts believe the negative sentiment has been overblown. They argue that Tesla's brand recognition and technological prowess still position it well for the future. The upcoming launch of the Robotaxi service in August could be a game-changer, generating new revenue streams and reigniting investor confidence. The coming weeks will be crucial for Tesla. The earnings report will be a watershed moment, determining whether the company can regain its footing or succumb to the current headwinds. Investors will be keenly watching for any signs of a turnaround in sales, updates on the Cybertruck and the cheaper EV rollout, and any concrete plans for the Robotaxi service. Tesla's story is far from over. The company's future hinges on its ability to navigate the current challenges, deliver on its promises, and adapt to the evolving EV market. Only time will tell if Tesla can emerge from this "no man's land" and reclaim its pole position in the electric vehicle revolution.
NASDAQ:TSLAShort
by bryandowningqln
Where Does TSLA Land? Trend - Downtrend confirmed. - Components of the channel chart: The original downtrend channel plus a 100% extended channel. Both channels divided in half by blue dotted lines. The shaded zones furthest from the center represent "overbought/oversold forces," which counterbalance each other. - Currently, the price is descending into the extended channel, suggesting a chance of reaching the lower band of the extended channel. - Note that when the price enters the orange shaded zone, it could move rapidly in one direction, as there is minimal previous support and resistance. - The trend lines serve as potential support and resistance levels. 100% Symmetrical Projection: Downtrend “N” Patterns - A 100% Symmetrical Projection of the previous swing (from A to B) and then projected from C. As a result, D is the initial target price on the short side. - The 0.5 level from C to D serves as a clear support, enhancing the value of this projection. N Pattern’s Target Price & Fibonacci Price Cluster - The target price of $116 at level D aligns with a major prior low on the weekly chart. - Levels 1 & 2 are significant due to the price cluster effect, demonstrating the validity of the extension of the prior major swing. - Consequently, Level 3 has a good chance of becoming a critical support and a potential target price. Conclusion - In comparison with symmetrical analysis, TSLA's trend channel chart provides higher reference value. - The dynamic target price is the lower band of the extended channel. - The fixed target price (strong support) could be $122, followed by $116. Not Financial Advice The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
NASDAQ:TSLAShort
by stock_adelie
Tesla Loses Half-Trillion Dollar Shine: Bulls Feeling the SqueezTesla, the electric vehicle (EV) pioneer, has hit a rough patch in 2024. This week, the company's market valuation slipped below $500 billion, marking a significant blow to investors who had placed big bets on Tesla's continued growth. Several factors seem to be contributing to Tesla's woes. Firstly, concerns are mounting about the company's ability to maintain its breakneck growth trajectory. Recent reports indicate weaker-than-expected sales figures, leading some analysts to question whether Tesla can meet its ambitious production targets. Adding fuel to the fire, Tesla announced a round of job cuts this week, further amplifying anxieties about slowing growth. is decline coincides with a broader slump in the company's stock price, which has shed a staggering 37% so far this year. Secondly, a recent exodus of high-ranking executives has rattled investor confidence. Several key figures have departed Tesla in recent months, leaving a void in leadership This instability at the top management level has cast a shadow over the company's future direction. These developments have significantly dampened the enthusiasm of investors who had previously been bullish on Tesla. The company's stock has become one of the worst performers on the prestigious S&P 500 Index in 2024, erasing a colossal $290 billion in shareholder wealth. This decline marks a stark turnaround from the meteoric rise Tesla experienced in previous years, when its stock price soared on the promise of a revolutionary electric vehicle future. However, some analysts remain optimistic about Tesla's long-term prospects. They point to the company's continued innovation in battery technology and its lead in the EV market as reasons for hope. They argue that the recent stock price slump presents a buying opportunity for those with a long-term investment horizon. "Tesla has been through disasters before," said one analyst, "We maintain our outperform rating on the stock." This sentiment is echoed by others who believe that Tesla's core strengths remain unmatched and that the current challenges are merely temporary hurdles. Only time will tell whether Tesla can weather this storm and reclaim its former glory. The coming months will be crucial as the company strives to address concerns about slowing growth, leadership changes, and a softening market. Tesla's ability to reignite investor confidence and reignite sales growth will determine whether the bulls can once again take the reins.
NASDAQ:TSLAShort
by bryandowningqln
Tesla's Production Numbers in Last QuarterI wanted to bring to your attention the recent news regarding Tesla's Q1 2024 deliveries. There are reports that deliveries fell short of expectations compared to the previous quarter. This development, along with concerns about the economy and evolving consumer preferences in the electric vehicle market, could have an impact on Tesla's stock price. It's important to consider this news along with other factors, such as Tesla's long-term position in the EV space and overall market conditions when making investment decisions. As always, it is important to conduct thorough research and analysis before making any investment decisions. Please feel free to reach out in the comments if you have any questions or would like to discuss this further.
NASDAQ:TSLAShort
by bryandowningqln
Tesla Faces Headwinds as Q1 Deliveries Fall: What Lies Ahead?Tesla ( NASDAQ:TSLA ), the electric vehicle (EV) pioneer, finds itself navigating choppy waters as it reports a decline in first-quarter deliveries, sending its stock tumbling in early trading. With 386,810 deliveries, an 8.5% decrease from the same period last year, Tesla's performance has raised concerns among investors and analysts alike. The company attributes the decline in volumes to several factors, including the early phase of production ramp-up for the updated Model 3 at its Fremont factory and disruptions caused by external events such as the Red Sea conflict and an arson attack at Gigafactory Berlin. These challenges highlight the vulnerability of Tesla's global supply chain to geopolitical tensions and unforeseen incidents, underscoring the need for resilience in an increasingly complex operating environment. Moreover, reports of decreased production at Tesla's Shanghai factory raise additional questions about the company's growth trajectory. While Tesla's China-made vehicle sales remained flat year-over-year, despite a 33% increase in overall industry sales in China, the EV maker faces stiff competition from local rivals and mounting pressure to maintain its market share in the world's largest automotive market. Chinese EV brands like BYD and Nio are aggressively expanding into new markets, posing a formidable challenge to Tesla's dominance. As these competitors gain traction both at home and abroad, Tesla ( NASDAQ:TSLA ) must reassess its strategy to retain its competitive edge and sustain growth in the face of intensifying competition. The upcoming quarterly earnings report scheduled for April 23 presents a critical opportunity for Tesla ( NASDAQ:TSLA ) to reassure investors and reverse the downward trend in its stock price. Analyst opinions on Tesla's prospects remain divided, with some questioning the company's growth prospects amid mounting challenges, while others view the recent selloff as an overreaction, presenting an attractive buying opportunity for long-term investors. However, the road ahead for Tesla ( NASDAQ:TSLA ) is fraught with uncertainty, as it grapples with supply chain disruptions, geopolitical risks, and increasing competition in key markets. As the EV industry continues to evolve rapidly, Tesla must demonstrate its ability to adapt to changing dynamics and deliver on its promise of revolutionizing the automotive industry. Ultimately, Tesla's success hinges on its ability to navigate these challenges effectively and capitalize on emerging opportunities in the rapidly evolving EV landscape. While the recent downturn in stock price may dampen short-term sentiment, long-term investors may view this as a potential buying opportunity, betting on Tesla's innovative capabilities and disruptive potential to drive future growth. Technical Outlook Tesla ( NASDAQ:TSLA ) is Trading below its 200, 100 & 50-day Moving Averages (MA) respectively with a negative Relative Strength Index (RSI) of 37. indicating an oversold condition for Tesla ( NASDAQ:TSLA ) amidst market volatility.
NASDAQ:TSLAShort
by DEXWireNews
TSLA Back at the $164.76 Support LineNASDAQ:TSLA is having a steep decline after failing to meet expectations for Q1 deliveries. The price is back at the $164.76 price level at the white support line. I think there could be a rebound here, and I would monitor the white trendline to see if the price level holds and rebounds in the short term. I think TSLA had a bearish Q1 performance, and there could be a dip into the $150 price levels before TSLA has a recovery. I think TSLA is likely to be bullish in Q2 so I'm looking for an entry over the next few weeks for a swing trade.
NASDAQ:TSLALong
by realchartchamp
TSLA BEARISH !!Tesla (TSLA) has been an icon of innovation and disruption in the automotive industry, but recent developments indicate stormy weather ahead for the electric vehicle giant. Despite its past successes, TSLA's trajectory seems to be shifting towards a rocky road, with multiple factors signaling a potential downturn. Production Hurdles: Tesla's ambitious production targets may be difficult to sustain, especially in the face of supply chain disruptions and increasing competition in the electric vehicle market. Delays or failures in meeting these targets could significantly impact investor confidence. Regulatory Challenges: Regulatory scrutiny surrounding Tesla's Autopilot feature and concerns over safety standards pose a considerable threat to the company's growth prospects. Any adverse regulatory actions or increased oversight could lead to market volatility and downward pressure on TSLA stock. Valuation Concerns: Tesla's sky-high valuation appears increasingly disconnected from its fundamentals. With a Price-to-Earnings ratio that far exceeds industry norms, TSLA's stock may be vulnerable to a significant correction as investors reassess its growth prospects and intrinsic value. Market Saturation: As the electric vehicle market becomes more crowded, Tesla faces intensified competition from both traditional automakers and new entrants. This heightened competition could erode Tesla's market share and put downward pressure on its margins. Macroeconomic Headwinds: Economic uncertainties, including inflationary pressures and geopolitical tensions, could dampen consumer spending and reduce demand for high-priced electric vehicles. Tesla's dependence on consumer confidence and discretionary spending leaves it vulnerable to broader economic trends. Given these challenges, a bearish outlook on TSLA seems warranted. Traders may consider selling or shorting TSLA with a target price of $100, representing a potential return of 89%. This medium-term strategy aligns with the anticipated headwinds facing Tesla and offers an opportunity to profit from the stock's likely downward trajectory. As always, traders should conduct their own research and consider their risk tolerance before making any trading decisions. Keep a close eye on key developments and market trends to adjust your strategy accordingly.
NASDAQ:TSLAShort
by shazuhamza12357
1
TSLA Rebounds from $164.76 Support LevelMy TSLA forecast has been one of my most accurate predictions so far, and TSLA has reached the $164.76 price target discussed in my previous updates. NASDAQ:TSLA initially dipped below the $164.76 support level, but had a bullish rebound at the support line. TSLA is red today, but could be forming a bullish retest of the $164.76 support line. I would keep an eye on the $164.76 support level on the way down to see if it holds or whether TSLA loses support here.
NASDAQ:TSLA
by realchartchamp
More Pain for TSLA - $165 or LowerI get a lot of questions about TSLA, and I can tell that many of you are eager to buy this TSLA dip. However, I'm seeing a lot of bearish signs for TSLA and I don't think there will be a buy opportunity any time soon. The green support level has flipped into resistance, and TSLA is forming a strong move down this week. I have $164.76 as a key price target for a rebound. I think TSLA and the EV market are weak right now, we can see lower prices over the next few months.
NASDAQ:TSLAShort
by realchartchamp
TSLA breaks below its support and tries to recoverTSLA has gone through a significant sell off recently from its high of 200. After breaking below its support line its has recovered some. This does not appear to be a false breakout down as the stock has failed to recover enough to be above the resistance. We should expect it to bounce off the resistance level and sell off some more. Overall I remain bearish for the next month or so as the stock market starts its decent and Tesla is sensitive to market cycles
NASDAQ:TSLAShort
by ratchet-mint
TSLA Reports and goes for a deeper dive SHORTOn this 4H Chart, I find good cause to continue my lot of 10 put options on TSLA. TSLA has dropped another $ 25.00 per share price during the earnings report time frame. While the overall long time frame supertrend is up, TSLA is presently in a sustained pullback likely due to significant fundamental and economic factors. The antics of its CEO demanding an award of more shares so he can launch a big AI initiative within TSLA is not helpful. He has taken a big haircut but he can easily afford it. In the analysis, TSLA has put in a bear flag which suggests more bullishness in the continuation. The ceiling of resistance right now is the POC line of the volume profile at 230. If price can get through that then 265 at the top of the volume profile's high volume area might be achievable. A bottom may be the second lower VWAP band at 175 which could be reachable in the latter part of the upcoming week. Weakness in the Chinese economy is a heavy weight on TSLA right now. Bright days ahead but some pain and chaos in the meanwhile Trade plan: I will hold the puts until I see a reversal pattern on the 30-60 minute charts and then close them. If no reversal pattern in the upcoming week, for purposes of time decay complications I will roll the puts out another 28 days. Overall, TSLA continues to pay traders well some of them might buy a TSLA to return the favor with the profits received especially if there are more price cuts on the horizon that do not adversly effect margins and fec\deral subsidies are extended they would be an uplift to sales, revenue and outlook overall.
NASDAQ:TSLAShort
by AwesomeAvani
TSLA beginning another leg down SHORTOn the 15-minute chart, TSLA has been in a downtrend and for about one week, a correction has been underway. Based on a Fibonacci analysis of the downtrend and and its retracement, I do not believe that TSLA will breakthrough the fib level zone. The zero-lag MACD is showing bearish divergence from the price action. In that consideration, I have held my put options through this correction suffering unrealized losses but now look forward to another leg down. Musk's recent court ruling nullifying his compensation package in federal court lends a bearish perspective as does his distractions with the brain implant company which now has its first patient ( FDA approved) and of course the space and tunnel companies. ( Autism and ADHD can be a blessing and a curse at the same time - IMO) I am long LCID given its Saudi Arabian support and growing production schedules supported by the SA plant. For now I am content to short TSLA until the Meusk drama settles down and the watch to see if price lowering will expand demand numbers et cetera.
NASDAQ:TSLAShort
by AwesomeAvani
11