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TSLA trade ideas

Tesla’s China-Made EV Sales Rise Amid Strong CompetitionTesla Inc. ( NASDAQ:TSLA ) continues to make significant strides in China, the world’s largest electric vehicle (EV) market. According to the latest data from the China Passenger Car Association (CPCA), sales of Tesla’s China-made EVs rose 3% year-over-year in August. Deliveries of the Model 3 and Model Y surged by 17% from July, driven by Tesla’s aggressive strategies to attract local buyers. As the company expands its influence, a closer look at both the fundamental and technical aspects of Tesla’s stock reveals an intriguing narrative for investors. Rising Sales Amid Fierce Competition Tesla’s growth in China is particularly impressive given the fierce competition it faces from domestic EV makers like BYD, Leapmotor, and Li Auto. BYD, Tesla’s biggest rival in China, reported a staggering 35.3% year-over-year increase in sales, reaching a record high of 370,854 units in August. Despite this, Tesla’s consistent performance indicates that it is holding its own, thanks to several strategic moves: 1. Extended Incentives and Financing Options: Tesla has been offering zero-interest loans of up to five years since April, catering to cautious buyers amid a sluggish economy. This strategy has proven effective, especially in smaller cities, where Tesla saw a 78% year-on-year increase in deliveries in tier-three cities and a 47% rise in second-tier cities like Hangzhou and Nanjing. 2. Government Endorsement: Tesla has gained significant government backing, with several local authorities recently approving Tesla models for official car purchases. This endorsement helps Tesla penetrate segments of the market previously closed off due to regulatory restrictions, boosting both its sales and brand credibility. 3. Expanding Product Line: Looking to keep its offerings fresh, Tesla plans to produce a new six-seat Model Y in China starting in late 2025. This move is seen as an effort to appeal to family-oriented buyers and differentiate Tesla from other competitors in the market. Despite a global downsizing of its sales force, Tesla’s China operations have maintained strong sales momentum, thanks to these strategic adjustments. Analysts project that if the current trend continues, Tesla could hit a record quarterly sales volume in China for Q3 2024. Navigating a Mixed Market Environment Tesla’s stock has shown a mixed performance recently, with technical indicators presenting both opportunities and cautionary signals for traders: 1. Price Action and Chart Patterns: Tesla’s stock was up 3% in Friday’s extended trading session but dipped 0.18% in premarket trading on Tuesday. The chart shows a bullish engulfing pattern, a positive signal suggesting that buyers are stepping in at current levels. This pattern, coupled with a moderate Relative Strength Index (RSI) reading of 50.21, indicates a potential uptrend in the near term. If the RSI dips to 40, near the one-month low pivot of $183, a rebound could be expected. 2. Support and Resistance Levels: Tesla’s stock is poised to hold its current levels, with analysts maintaining a “Hold” rating on the stock. Key support lies around $183, while resistance levels hover near $200, indicating that Tesla could be gearing up for a potential breakout if buying pressure increases. 3. Investor Sentiment and Volume: Trading volume and investor influx are critical factors. A surge in these could further propel the stock upward. With the introduction of Tesla’s Full Self-Driving (FSD) feature in China expected by year-end, sentiment could turn increasingly positive, leading to higher trading volumes and bolstered prices. Outlook: A Balanced Perspective Tesla’s ongoing success in China and strategic initiatives point to a promising future, but investors should also be mindful of the broader market conditions. With high competition, economic pressures, and evolving consumer preferences, Tesla’s path forward in China will be closely watched. Technically, the stock shows signs of resilience, but maintaining its trajectory will depend on continued strong sales performance, positive regulatory developments, and the successful execution of new product rollouts. For traders, Tesla offers a balanced risk-reward profile at current levels. The fundamentals provide a strong backdrop, while the technicals suggest that the stock is at a critical juncture. Whether you’re looking to hold for the long term or capitalize on short-term price movements, Tesla remains a key player in the evolving EV landscape. As always, keep an eye on macroeconomic trends and market signals to navigate this dynamic market.
NASDAQ:TSLA
by DEXWireNews
4
Tesla Long - Elon for President?Hello everybody. Storyline: Elon for President? You can bet that Tesla will pump if Trump wins the elections. Besides of that, rising china sales, unveiling the robotaxi etc. pp. There are many things imo which speaks for Tesla while the masses brag about his political views. Market: Decreasing rates, good looking economic data for the US at least. Chart: Keep it simple! Did we create lower low on the weekly? No? Why shouldn't we attack the top 25% of the weekly swing then to confirm that we "really" do wanna go further down. I don't know and it's not in my interest to know if Tesla might even break that prior weekly high, but I do know that we logic wise should attack the top of the swing to either confirm the bearish idea or create even a higher high. Additionally, just as an idea, think of laddering. Look at the higher timeframes how we bounced off major weekly / daily levels and slowly steady climb up. Best of luck!
NASDAQ:TSLALong
by Entropie2020
TSLA down a little more before a rallyThis is just a continuation of my last TSLA post because the comments were getting too long, but my conviction remains the same. I want us to hit a little lower before we head to the upside. Conservatively, just south of 200, with room to hit lower - green circle is the target, with a few support options available to us. With the small sloping distribution currently showing on the smaller timeframe, a push down even lower than that to 180 range looks entirely possible, and with dates like NFP coming up that sees strong pulls in a direction, it fits my narrative. Will do some more updates in the coming days to support the theory, though you can look at my previous post which goes into detail.
NASDAQ:TSLALong
by ash4zeker
42
TESLA: Bullish: Inverted Head and Shoulders "in formation?! TESLA: Bullish: Inverted Head and Shoulders "in formation?! To watch Concerning Tesla, as you can see, we are on the 38.2 Fibonacci of the decline from the historic high of $414 on November 4, 2021 to the low on January 6, 2023. We are currently on the 38.2% Fibonaccio which is not a very high level; in the end. It is the "wolf of Zurich" who has detected a POSSIBLE "inverted head and shoulder" (inverted ETE); which if it becomes valid would give a first target around $245, then $275, and $307 (66% Fibonacci) and finally $400. NB: I calculated all these levels in advance for you 'also thanks to Ichimoku. So on an "inverted ETE" we are watching volumes and at the break of the "neckline" we enter the purchase, and we put our "stop loss" below the previous low, according to your currency management! In addition, Tesla will also announce and present its robot taxi on October 10, 2024 so I think that at the macroeconomic level it will move. Can you imagine such news, a presentation of the Tesla robot taxi, and nothing happens on the markets??!!! I don't think so!! However, if you currently want to short sell Tesla you can do so, and you can put a "Reverse stop" above the previous high, that is to say above the candle of August 16, 2024 around $234, for example. Be careful on the markets
NASDAQ:TSLALong
by Le-Loup-de-Zurich
Tesla Four Trend Analysis ? So right now we need more clarity and more data to determine will this market correct more up and will this level it is holding on hold and back down via where the red line is. Personally my thesis is 3 scenarios: Scenario 1:We hold on this pitchfork line and book it down. Scenario 2: We correct up to the 50% Fib and more pitchfork resistance at the 218 level then head back down Scenario 3: The market disregards all two scenarios and we punch up which then makes us revaluate our thesis's for the daily trend possibly Weekly and Monthly Let's see what the market does tomorrow and then we update our thesis from there What are your thoughts on this analysis ? Do you find it helpful? MB Trader
NASDAQ:TSLA
by Mindbloome-Trading
Tesla UpdateAs you can see, I have left the target box on the chart for c of b of B as I don't have confirmation that part of the pattern has concluded. I think that it most likely has, but until we can get above $228.21, we can always make another low in this c of b of B. We have some minor positive divergence and MACD seems to be pointing higher at this time. Not to mention we hit inside the target box, at the ideal area I mentioned prior, and followed with a decently strong move to the upside. The strong move in itself doesn't tell us anything, it's just an observation of the action we're getting. If price had intentions of falling back down to make a new local low, I would anticipate it to hit around $220 before falling again to the area of the 1.618 @ $194. For now, my primary is for price to hit the area of $237-$251.95 for the next main target. The ALT suggests B is already over and we're headed lower towards the area of the $170's at a minimum. Should we raise to the c of B box in an ideal fashion, I plan on selling my shares to book profits.
NASDAQ:TSLA
by TSuth
Tesla Daily Correction then back down again? Based on our Monthly and Weekly Thesis: Tesla seems to be correcting up which I assume will either hit our black fib line or possibly back into our pitchfork lines which overlap with our fib lines making that resistance much more harder to break; please see drawing. For me to continue with the bearish thesis I must see Tesla hold at one of those lines then punch down to the 174 price area to confirm our Weekly and Monthly vision. Currently based on the data we are correcting up however stay tuned for our four analysis on the market MB Trader
NASDAQ:TSLALong
by Mindbloome-Trading
Tesla Weekly Analysis ? Bearish quite possibly Weekly: Tesla: My thesis is if we continue bearish and break the pitchfork resistance at the 200 area we will then go down to 176 range which could possibly see some type of correction before continuing to head to our first goal which is 142.93 which then we could see a correction before heading further south. The key here is with the bearish thesis is to make sure we break the 205 area , then 190 then go to 180 range first before this thesis becomes more true and evident to our lower targets. Let me know what you think ? MB Trader
NASDAQ:TSLAShort
by Mindbloome-Trading
TESLA Update_2 -May Extend Uptrend Towards $310TESLA Update_2 -May Extend Uptrend Towards $310 Tesla reached the top of the channel at 270.90 on 11-Jul-2024 and the lowest price was reached at 182 on 05-Aug-2024 Over the past week, Tesla broke out of a bearish channel indicating that the bulls are once again taking control of the price. During this week the price also completed another bullish channel by rising again the odds for a bigger bullish wave. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
NASDAQ:TSLALong
by KlejdiCuni
1
X, Starlink and Tesla: Musk's Conflicts Shake Wall StreetElon Musk's companies, X (formerly Twitter), Starlink and Tesla, are in the spotlight on Wall Street, impacting risk perception and market volatility. X faces blockades in Brazil after refusing to remove profiles linked to the far right, which has led to regulatory tensions that extend to Starlink, whose satellite internet service has been affected by the blocking of accounts to secure fines imposed on X. Simultaneously, Tesla remains a key player in the tech stock market, but regulatory challenges faced by Musk on different fronts create uncertainty about the future performance of his companies. The lack of a legal representative for X in Brazil, along with the closure of its offices, illustrates the complexity of managing these controversies, which affect investor confidence. The tensions come against a backdrop where Wall Street is closely watching the Federal Reserve's moves on interest rates, with the first expected adjustment of 25 basis points this month. Although these measures aim to stimulate the economy, any data surprises could increase volatility in the markets, which have already shown significant ups and downs in recent weeks. As investors look for stability, the conflicts of Musk and his companies add to market volatility, demonstrating how regulatory and political challenges can significantly influence the performance of tech stocks in the coming days. Five key points will need to be watched: • U.S. employment data. • The aforementioned volatility. • Rate cuts by the Bank of Canada, being its third consecutive rate cut at its meeting this Wednesday. Canadian economy showing mixed signals, having flat growth in the summer. • Pressure on oil prices, caused by increased expectations of a supply increase by OPEC+ starting in October. Brent and WTI posted weekly and monthly losses, as US rates add pressure. • Economic data from China, Caixin manufacturing PMI data for August was released today, and that expected a slight recovery although in August manufacturing activity fell to its lowest level in six months, increasing pressure on Beijing to implement economic stimulus measures to strengthen domestic demand. Looking at the chart of TESLA, Inc (ActivTrades Ticker: TSLA.US) we can see that the price of tesla has pulled back considerably since November 2021, giving itself a relatively sustained downward channel for 3 years. This year 2024, since April a price recovery trend has formed, not without highlights caused by the company's lack of results compared to its competitors. The direct impact of the X and Starlink blockades on Elon Musk's main company will have to be seen at this time. At the moment RSI has indicated a strong sell signal on July 8 that moved the price from $272 to $183. Currently the Checkpoint is around $195.50 and comes from a corrective candlestick sequence. If we go to the more charting aspect, a clear bearish pennant has formed so there could be a new correction to the lows, following the current trend pattern, which would move Musk's company in the direction of $101 or at least to $138.88 which is the support area of the last impulse. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Editors' picks
NASDAQ:TSLAShort
by ActivTrades
6
TESLA Will Collapse! SELL! My dear followers, This is my opinion on the TESLA next move: The asset is approaching an important pivot point 214.25 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 208.78 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
NASDAQ:TSLAShort
by AnabelSignals
3
Tesla in monthly chart Hello It's been a while that I have not published any update for TSLA and I think some changes should be considered. First of all I am pretty sure that we are closing to a huge correction in the stock market and I am trying to figure out its time. What I am seeing now in Tesla chart is like a triangle trying to complete last wave e to start last wave (V) so if this chart is correct then we have couple of weeks to decide about our shares in this monster electric company. Lets time show us the truth. Thanks
NASDAQ:TSLALong
by AMA_FX