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Does Tesla Lowering Car Prices Concern Among Traders?Introduction: In recent news, Tesla, the renowned electric vehicle manufacturer, has made headlines again by announcing a significant reduction in the prices of their car models. While this move may seem appealing to consumers, it raises concerns within the trading community regarding the potential implications for Tesla's stock value. In this article, we will explore the reasons behind Tesla's decision, examine the potential impact on the car market demand, and discuss a call-to-action for traders considering shorting TSLA amidst this situation. Understanding Tesla's Price Reduction Strategy: Tesla's decision to lower car model prices can be attributed to several factors. Firstly, as the electric vehicle market becomes increasingly competitive, Tesla aims to maintain its market share and attract new customers by offering more affordable options. Secondly, the company's ongoing efforts to streamline production and reduce manufacturing costs have allowed them to pass on these savings to consumers. Lastly, Tesla's long-term vision of revolutionizing sustainable transportation involves achieving economies of scale, which can be facilitated by lowering prices and increasing sales volume. Potential Impact on Car Market Demand: While lower prices may initially spark interest and boost sales, considering the broader implications for the car market demand is crucial. As Tesla reduces its car model prices, other manufacturers may be compelled to follow suit, leading to a potential price war. This scenario could decrease profit margins across the industry and impact the overall demand for electric vehicles. Moreover, with the global economic uncertainty caused by the ongoing pandemic, consumer spending patterns may be more cautious, further dampening the demand for higher-priced electric vehicles. Call-to-Action: Shorting TSLA Amidst Dropping Car Market Demand Traders, it is essential to closely monitor the evolving situation in the car market and consider the potential impact on Tesla's stock value. As the demand for cars, especially higher-priced electric vehicles, faces potential challenges, shorting TSLA could be a prudent strategy. By shorting TSLA, traders can profit from the anticipated decline in Tesla's stock value. However, exercising caution and conducting thorough research is crucial before making any investment decisions. Analyze Tesla's financials, monitor market trends, and stay updated with the latest electric vehicle industry news. Remember, shorting a stock involves risks, and it is advisable to consult with a financial advisor or professional trader to determine the best course of action based on your individual risk tolerance and investment goals. Conclusion: As Tesla lowers car model prices, it is natural for traders to express concern about the potential impact on the company's stock value. By closely monitoring the evolving car market demand and considering shorting TSLA as a possible strategy, traders can capitalize on the anticipated decline in Tesla's stock value. However, it is crucial to approach this decision with caution and seek professional guidance to mitigate risks and make informed investment choices.
NASDAQ:TSLAShort
by bryandowningqln
2
Tslar to Reward Bulls Traders with 450 pipsElon Musk Tslar had made a giant strive of a long continued Higher Highs for a quite sometime till the most recent retracement which is normal as the stock uses this retest to gather another momentum that may likely push the price to a higher high or a worst an equal highs before change in bias especially for SWING TRADERS, According to DANCOLNATION CAPITAL TRADING STRATEGY, a bounce and retest to provide a bounce off that will provide a small SL, then shall we go into the trade with our TPs at various minor key zones
NASDAQ:TSLALong
by Ejike_Odeh
TESLA - Evidence of a Correction and BUY AREAS to look atHello guys! This idea is shown on the 1 Week Timeframe. This weeks candle HAS NOT YET CLOSED. We have currently interacted and have been REJECTED by a powerful RESISTANCE line (in BLACK). If we look back into the HISTORY of TESLA interacting with this line, we can see that: 1. Nov. 1st 2021, it pushed price down for about a 23% correction, which took about 49 days to complete 2. On Jan 3rd, 2022, after another attempt to test -> it pushed price down for an almost 42% price drop, which also took about 50 days. 3. On April 4th, 2022, for the 3rd time we tested this line causing a price drop of about 45%, taking about 49 days. This one however would ignite the price drop to 100$ TESLA. My targets for this correction are associated with the FIB RATIO Note currently: Our current weekly candle is below the 0.786 level of $258.42. If we close below and CONFIRM in the next couple weeks, it strengthens the idea that we go down further. We would need to STAY ABOVE this level for us to see another attempt to test BLACK LINE. From the BLACK LINE and the price level we hit of around $298, we have to date dropped roughly 16%. We also have some SUPPORT at $240. Our next targets are: 1. 0.618 level, which is at $225 (Which is about a 15% drop, from current TOP) 2. 0.5 level at $201 (Which is about a 3% drop from current TOP) So basically my POTENTIAL BUY ZONE would be a range between $225 - 200. NOTE ALSO: the 1W 200 MA, moving up fast to converge at the 0.5 FIB level. This would be a critical SUPPORT zone. Though the current price action DOES NOT have to follow this at all, other clues are seen that makes me think we are now in a similar corrective mode. Particularly in the indicators i have shown. Firstly, RSI -> Here notice looking back in history every time ORANGE RSI line moves below the BLACK MA and into the RED RECTANGLE ZONE, it coincides with a PRICE CORRECTION. CURRENTLY -> We have peaked our head below but have not yet CONFIRMED. Need to keep an eye. Next is STOCH RSI -> this shows momentum, crossing above 20 level is BULLISH, BUT crossing BELOW the 80 level is indication that BEARISH momentum is coming in, With the BLUE LINE crossing below the ORANGE. Notice though, the ORANGE line has not caught up with BLUE yet. So if this is seen, Days end Friday means we have further downside. Lastly, is the MACD which is also a momentum indicator. Here notice how the GREEN histograms are getting smaller and lighter. This is an indication of decreasing BULLISH momentum, with the present of the flattening BLUE line. If it continues to get smaller and lighter, and in a couple of weeks we see RED with a CROSS of the BLUE line go under ORANGE, this is BEARISH. CONCLUSION: In my opinion, we are currently in the beginning stages of a CORRECTIVE move in TESLA. If confirmations occur where price is below the 0.786 FIB level, and within the indicators we may have further downward action. It is then important to continously monitor this and in the coming weeks it will become clearer. Thank you! For updates on TESLA and on other ideas in the market, FOLLOW me! If you liked this content, please do boost, follow and comment! DISCLAIMER: This is by no means financial advice, i am NOT a financial advisor. The content here is my opinion and for TA educational purposes. When trading do work out your own strategies and focus on risk management.
NASDAQ:TSLAShort
by SafofAllTrades
Tesla -> Protect Your Position Now!Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Tesla 💪 After Tesla stock retested the last strong support zone for bulls, the 0.786 fibonacci level at the $100 level, the recent pump over the past couple of months of more than 100% was no surprise at all. With the weekly timeframe being quite overextended on Tesla, I would actually love to see a retest of the 0.618 fibonacci level which is perfectly lining up with previous market structure. From a daily perspective you can see that Tesla is starting to create lower lows and lower highs so there is the chance that we are ready for a shorter term bearish correction - I do expect this correction to end though after we saw a retest of the $220 level. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:TSLAShort
by basictradingtv
29
TSLA Tesla Options Ahead of EarningsIf you haven`t bought the trend reversal move: or the Bullish Pennant Pattern: Then analyzing the options chain of TSLA Tesla prior to the earnings report this week, I would consider purchasing the 280usd strike price Puts with an expiration date of 2023-9-15, for a premium of approximately $21.65. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:TSLAShort
by TopgOptions
3
Diamond Reversal Forming On Tesla ($TSLA)This pattern on TSLA fits the outline for a diamond reversal that is referenced on Investopedia. It has all the "classical" facets of a diamond reversal which is a high (A), a low (C) a higher-high. Furthermore, this is happening alongside a very similar pattern on NFLX and some bearish patterns on many other stocks. Similar forms also occurred on SPX in 2021-2222 and Bitcoin in 2021. The move up from the 2023 lows has the form of an ABC up... which suggests another 5 wave downmove on-par with or even exceeding the previous downmove is on the way. The move off the highs was a whole 75% so even presuming a moderate 1:1 ratio, the next wave down could be very aggressive which means that an excellent short could be lining up. Trade safe and be careful out there.
NASDAQ:TSLAShort
by RogueEconomics
TSLA 12% Additional Correction TheoryYesterday, Goldman Sachs analyst Mark Delaney joined Barclays and Morgan Stanley in downgrading the rating of TSLA from Buy to Neutral/Hold, followed by a decrease of just over 6% in the EV maker's share price. The Bloomberg analyst recommendation consensus graph, where sell = 1 & buy = 5, has declined approx. 0.2 points to 3.45 in the past week. Wall Street Journal quotes an average price target of $207. So why are analysts lowering their price targets? Fundamentals: TSLA closed at $256.60 on Friday, representing more than a 130% yearly increase. In the 36 days before the local high on June 21st, the stock gained 69%. This was mainly due to its strong positioning within the AI market. Tesla vehicles collect a massive amount of data, and feed this data through a neural network, which is a deep learning (type of machine learning) algorithm that can process large volumes of data and improve its own accuracy over time. As new developments surface in the AI and ML space, TSLA will be uniquely positioned to take advantage of these developments to create tangible value. For example, their self-navigation and self-driving features in their cars heavily rely on algorithms and voluminous data in which AI and ML algorithms are foundational. However, in early June TSLA was valued at a forward Price/Earnings ratio of 61, compared with Wall Street AI darling NVDA at 42 after they announced an earnings and revenue beat of 18% and 10%, respectively. TSLA was valued higher than the "only arms dealer" in the AI war, the chipmaker that most generative models are built on. Many believe the AI prospects for Tesla have already been priced into its shares, meaning any further extension are more likely a reflection of Keynes "Castles in the Air" theory of market psychology, or retail participants entering the bull market too close to expiration. Tesla has a growing demand problem (or perhaps a lack thereof). In Q1 2022, the EV maker sold approx. 5,000 more vehicles than it produced. In Q1 2023, it built 18,000 more than it could sell. This could be added to the 56,000 unsold EVs reported at the end of 2022. 422,875 deliveries in Q1 of this year is an increase of about 36% YoY, but price cuts eating a portion of their margins are not producing the desired affect on demand. A model Y is ~ $11,000 cheaper today than at the start of the year. DCF Valuation puts the company $73.7 USD, overvalued by 75%. Relative valuation against competitors such as Toyota, Porsche, BYD co., Mercedez-Benz, values Tesla at $47.41, with 80% downside. The Price to Free Cash Flow to Equity ratio (P/FCFE) rests at 136, compared with a historical average of 41 and an industry average of 1. The P/E is also above its historical and industry averages of 45 and 9, respectively. Together, these fundamentals paint the picture of a company ripe for a correction of at least 10% due to faltering internal economics and the tendency of the current market to overvalue AI positioned stocks. Macroeconomics: Fed Chair Jerome Powell told the Senate Banking Committee last Thursday he expects one or two more rate hikes in the following 6 months to maintain the goal of 2% inflation (currently 4.05%). The yield curve is inverted, with 10y interest rates at 3.72 and 3m at 5.5, which has indicated recessions in the past. Total employment grew by a strong 339,000 jobs in May over diverse industries, but combined with the hawkish Fed, decreased government spending due to debt ceiling deal, and bearish trends in consumer spending and income, it is likely real GDP growth will slow to 1% in 2023. Tech-heavy Nasdaq closed on Thursday with a 40% yearly gain, while the broad S&P 500 logged a modest 16%. In light of the macroeconomic circumstances, TSLA's 130% gain is largely disproportional. Technicals Regarding chart patterns, TSLA has formed a clear head and shoulders pattern on the daily chart with a break in the neckline at about $248. As support and resistance goes, breaking the crucial level of $250 and closing below, as occurred on Monday, is a bearish signal. As volume analysis goes, the prior two days have seen increasing sell orders and Friday's close saw the first red volume bar on the weekly since early May. A fixed range volume profile of 2023 shows an upper value area of $211, in confluence with the 0.382 Fibonacci retracement level. The point of control is at $198, in the range of confluence with the 200 & 100 EMAs and the .5 retracement level representing support / supply zone. These all represent areas price is likely to draw towards in accordance with mean reversion and liquidity analysis. The MACD histogram flipped bearish and the slow and fast lines crossed over, also a bearish indicator, and the daily RSI crossed below 70 on Friday. Shifting to intraday (1h) timeframe, the volume supported linear regression trend is strong bearish at -20, the Laguerre RSI is printing a decreasing trend continuation. The short term 3 period hourly non-repainting Nadaraya-Watson Rational Kernal Regression line is bearish and is acting as support for any bearish entry, while the envelope shows a lower bound estimate of $218 and the longer period 50 candle regression line on the daily is 20 points lower than price action, leaving plenty of room for a correction. A combination of 30 technical indicators used as inputs in a neural network algorithm show bearish trend continuation. The Lorentzian Distance Classification Machine Learning KNN algorithm, which compensates for the warping of price-time around news events, is indicating a strong bearish trend. The stochastic momentum index saw a bearish flip on Thursday and the money flow index of the stochastic momentum index is already in a strong bearish trend. For fans of Tom DeMark, the TD Sequential / Countdown strategy saw a bearish signal printed on June 16th as the 13th day to close higher than 2 candles before (countdown), after the 9th candle in a row closed higher than 4 candles previous (sequential). This is an anti-momentum indicator used to predict explosive bearish corrections as a result of an overextended bull market. Conclusion It is likely based on the combination of fundamentals, technicals, and macroeconomic factors that TSLA will experience an additional correction of at least 12%, in addition to the 13% decrease it has experienced from the local high, for a total minimum 25% correction from the bull rally. I will be opening September puts with a stop loss above the recent swing high, and a profit target at the daily VPOC 0.382 retracement level (approx. $210) for a 2:1 RRR. I will adjust SL to B/E at 1:1 RRR, and dynamically adjust profit target if the neural network and Lorentzian classification both indicate a bullish reversal. Sources www.conference-board.org www.alphaspread.com www.bloomberg.com www.bloomberg.com www.bloomberg.com ir.tesla.com !! IMPORTANT DISCLAIMER !! I am not a licensed financial advisor, and the trading ideas I provide do not constitute investment advice. Please exercise caution and consult with a qualified professional before making any investment decisions. Trading in financial markets involves substantial risks, and you should carefully consider your financial situation and risk tolerance before engaging in any trading activities. Please note that any information or suggestions I offer are purely for educational and informational purposes. The financial markets are volatile and unpredictable, and past performance is not indicative of future results. It is essential to conduct thorough research, analyze market conditions, and seek guidance from licensed professionals who can provide personalized advice tailored to your specific circumstances. I strongly recommend that you consult with a licensed financial advisor, accountant, or legal professional regarding your investment goals, strategies, and potential risks. They can provide expert guidance based on your individual financial situation, objectives, and risk tolerance. Remember, you are solely responsible for your investment decisions, and any losses incurred are at your own risk. I disclaim any liability or responsibility for any direct or indirect damages or losses arising from your reliance on the information provided. Always stay informed, exercise sound judgment, and consider multiple sources of information before making any financial decisions.
NASDAQ:TSLAShort
by boukespoelstra
1
Concern about Tesla's recent Morgan Stanley downgrade I am writing to you today with a sense of concern about Tesla's recent Morgan Stanley downgrade ahead of their Q2 earnings report. As you may have heard, Tesla has fallen from the downgrade, and this news is causing some uncertainty in the market. While we know that Tesla has been a popular stock for many traders, it's important to remember that the market can be unpredictable, and we must always be prepared for any changes. With this in mind, I would like to encourage you to take profit from TSLA. We must be cautious as we approach the Q2 earnings report and consider taking some profits off the table. This will help protect your investments and ensure you are not caught off guard by any unexpected market movements. In conclusion, I urge you to consider your options carefully and take action to protect your investments. While we cannot predict the future, we can take steps to prepare ourselves for any potential changes in the market. thestreet.com/investing/stocks/tesla-stock-slides-after-morgan-stanley-downgrade-into-q2-earnings
NASDAQ:TSLA
by bryandowningqln
6
TSLA: IS THIS A HEAD AND SHOULDERS?The absolute rip out of TSLA has been a good one. As they say, "what goes up must come down" though too. If we are in need of a major pullback after this rip up, are we forming a head and shoulder pattern of sorts? Hard to say but given how violent the move has been, that often is met with an equal and opposite move and that puts the chart in a precarious position. If the pullback is not too extreme and we form a new base around $200, then we could be looking for new All Time Highs, on the next move up. I feel that this would most likely be the case because there is a lot of fundamental news to back up further growth in TSLA stock. The federal tax credits are big windfall for TSLA and was much needed. Is it enough? I think the TSLA bull case will require the mastery of hands free driving technology that has been promised since the beginning and their robotic products to retail and have a positive public reception of the technology.
NASDAQ:TSLA
by Goontata84
7
TSLA: Can it get and stay above $221TSLA is sitting at very precarious area of price right now. This week should most likely give us the information we need to know what the next few months will look like, if it can get above about $221 and stay there, the measured move bull flag pattern should get us to somewhere between ~$294 to ~$313 and that would make sense in the macro formation of a head and shoulders for TSLA because there are definitely some head winds for the the stock now that other car companies are finally catching up with the technology and taking market share from TSLA. If the price cannot get above ~$221 and stay there, then we have a measured move that would put us somewhere between ~$60 and ~$80. There is no way to know what will play out in this market, although I still lean somewhat bearish due to the overall economic conditions worldwide. It just seems to me that we are still due for a real "acknowledged" recession at some point. Once we get that I think we will then see the bull market of the is century but I have a hard time believing we are there yet. I will be keeping my eyes on TSLA specifically, in order to give me an idea of things going forward. It seems to be a good gauge for market sentiment.
NASDAQ:TSLALong
by Goontata84
2
TSLA: At Critical Level That has Been Both Resistance & SupportTesla is at a critical level that has acted as both resistance and support in the past. At the moment it is straddling this price and it has not made up its mind which it will be. Until it gets above its current level and tests it as clear support, I will be leaning bearish. It does look like it could break out and flip the script though. It is definitely trying to do so. Not sure if the bulls have it in them though. I will keep up on this chart and update as things move forward. I am very interested in going long on TSLA if it can up above this level. Once it does that we can start looking out for levels, anywhere between ~$265 and ~$300. If price gets smacked down, then we are looking for the ~$95 to ~$65 levels and a really nice short setup will present itself.
NASDAQ:TSLA
by Goontata84
2