Fractal reviewSimilar on the inverse from previous cicle. Target 165-160 next 2 weeks.Shortby DualityTA072
Tesla Finally Ready For Serious Relief Rally?Looking at a daily chart on tesla we can see reversal pattern building as price rounds over into the previous major pivot low of $152. As price is pulling into this area notice how each push down is getting smaller and ending sooner than the previous. This is a daily chart considering the cuvature of the trend and angles ploting highest zones of probability in that curve for pull backs and consolidation. Current Trading Plan: Accumulate the lower portion of the range at the fringe of the bell curve as smaler time frames exaust on the next push down. Looking for a larger relief rally braking structure of the current down trend for a 25% move to the upside. Trade Well, Your Friend... DegenLongby Degen-DynastyUpdated 6655
Tesla looks bearishIm not an advisor, nor economist. just doing this for fun. Dont Buy or sell or short based on my opinion, do your own research. Back after a long paus, tesla looks bearish and it looks like it will land in the rectangle which i have drawn there.Shortby upwards10003
TESLA ShortNASDAQ:TSLA Tesla is known to drift higher after a negative earnings report, which it successfully proved this time around. Looking at the indicators, I assume that the top has been reached. Fundamentally, there is nothing to support further price increases. I am anticipating the closing of the gap that formed right after the recent low.Shortby FX_CouchPotatoUpdated 19
Is Tesla Poised to Hit 199.0 Again?Is Tesla set to touch the 199.0 level again? The 1-hour chart shows a retracement from the 170.0 level, and the zigzag pattern confirms a bullish continuation. Additionally, my custom RSI has given a buy signal. Let's see what happens next!by ClearTradingMindUpdated 15
TSLA (Long-Term Technical Analysis)Given the NEo Wave analysis of the TSLA in 1h, 4h, and daily time frames, we assume that the correction is over, and after the current correction, only long positions are viable.Longby The-Deductionist17
Tesla Could Trade At $100 This Year.I will not be surprised to see NASDAQ:TSLA trade at $100 this year. Looks extremely overbought here and I want to participate.Shortby JoelTCampbellJr7
Sorry Tesla Fanatics: The Charts Don't LieChart #1 : Price Target $154 Tesla has been trailing this downtrend line (aqua) and its 50 day moving average (blue) falling 36%, underperforming both major indexes SPY & QQQ up 25% and 27% over the same timeframe. Tuesday 2 April 2024 Tesla reported vehicle deliveries of 386,810 and production of 433,371 potentially signaling a current demand problem. This report was below even the weakest forecast. While it is more than likely a near term problem, it still needs to be factored into the valuation. Therefore follow the trend line and look out below. Chart #2: Price Target: $126 Final Thoughts: $154 looks certain, $126 is dependent on what news surrounds Tesla in the coming weeks, months. If a compact car is announced, disregard target 2. Shortby johnwicksaidso93z7xyUpdated 2
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 Shortby bryandowningqln2
TSLA LONG - May 24 (MATREND v1.5)This is a simple systematic Trend strategy where entry is based on two conditions 1. Price crossing over the EMA 2. The present ATR is less than an ATR multiple The ATR condition allows us to enter trades that has not gapped too much as that usually results in a price pullback Risk Fixed & tight SL based on ATR multiples closes trades fast Closing of the trades is a simple price cross over the daily SMA This strategy only has a 34.87% win rate. So most trades will end up as losers until we hit a strong upswing.Longby Ronin_traderUpdated 0
TslaTESLA Chart Analysis.........07/05/2024 Long: already at 140 level. Sl : 100 closing basis Target : 400 / 600 Enjoy ! Note : Bullish Pennant pattern in TESLA weekly chart. You have to book some profit at 400 level and also trail the stop-loss in the remaining positions.Longby VirendraPandey1113
DON'T SLEEP ON TESLA ON A... WELL, NEVER SLEEP AGAIN. TSLA 420. ALRIGHT, LET'S TRY THIS AGAIN. Tesla has a cool trend setup, retracement setup and indicator alignment into earnings. A REALLY STEEP DROP from earnings, past 134 and all the way down to around 96, could trigger a nice move to the upside that you won't want to miss. I know, TSLA to 74 or 30 or 10 (it's garbage). Well, no, I disagree. At least in the short term. After it runs up again, I could easily see it back down to some low numbers. But right now, heading into earnings, a big move is showing that looks very similar to what I've shown. My line, expect it to be inaccurate, instead focus on the price targets. At 175.01 = full bull to the moon 238k miles, maybe overshoots that. There will be retracements, but if this move is based around btc, it could be FAST. So, probably best to never sleep again, and watch the tsla chart 24/7. RSI technically bearish, but they all look like they are about to flip, BUT they haven't yet, so we can't assume. We have to keep the projection based on charts, which says, if 134 holds and we get over 175 with stability, then green light, probably. If earnings crashes price to under $100 for a brief amount of time, you probably want to yolo the dip. Calls would be very cheap at that point, and if you're bullish in any way, even if it's not to my numbers bullish, then it's still probably free money. I won't be upset should you disagree, feel free. And I look forward to your rubbing of profits in my face, should you be correct. Truthfully, I'd like to see everyone make a ton, no matter what your opinion is (bear/bull). LOTS OF MOVEMENT to trade in two directions. Things don't go up forever, things don't go down forever, and if they do, it would be an outlier to most market movements. Good luck!! SOME FUNDAMENTAL RESEARCH: 1. **Tesla Fundamentals**: - Tesla, the electric vehicle (EV) company founded by Elon Musk, has seen remarkable growth in recent years. Their fundamentals include strong demand for EVs, innovative technology, and a charismatic CEO who captures public attention. - However, Tesla's financials have been volatile due to high R&D costs, production challenges, and regulatory hurdles. Despite this, their stock price has surged, making them one of the most valuable automakers globally. 2. **Bitcoin and Dogecoin Investments**: - Tesla made headlines when it disclosed a $1.5 billion investment in Bitcoin. This move signaled institutional interest in cryptocurrencies. - Elon Musk's tweets and actions have influenced crypto markets. Tesla's investment in Bitcoin adds legitimacy to the asset class. - As for Dogecoin, Tesla has not officially invested in it. However, Musk's tweets and memes have boosted Dogecoin's popularity. It's important to note that Dogecoin is highly speculative and lacks fundamental value¹. 3. **Software Subscription vs. Hardware Sales**: - Morgan Stanley believes Tesla could make more money from software subscriptions than hardware sales. Tesla's vehicles are equipped with advanced software features (Autopilot, Full Self-Driving) that can be unlocked via subscription. - By offering software upgrades, Tesla can generate recurring revenue. This model aligns with the trend toward software-defined vehicles². 4. **Data Collection and Auto Driving**: - Tesla collects vast amounts of data from its vehicles, especially those equipped with Autopilot. This data helps improve autonomous driving algorithms. - Tesla's fleet provides real-world data for training AI models, giving them a competitive edge in self-driving technology. - Monetizing this data could be lucrative. Tesla could license it to other companies or use it for targeted advertising. 5. **Leasing Software vs. Selling Cars**: - Leasing software (e.g., Full Self-Driving subscription) allows Tesla to generate ongoing revenue without selling additional hardware. - Traditional automakers rely on upfront car sales, which can lead to debt if demand fluctuates. - Tesla's approach disrupts the industry by emphasizing software and services over traditional car sales. In summary, Tesla's fundamentals, crypto investments, software subscriptions, data collection, and unique business model contribute to its success and potential for future growth. However, risks remain, and the EV landscape is evolving rapidly. Other automakers are also adapting to these changes, but Tesla's early lead gives it a competitive advantage¹². 🚗💡📈 Source: Conversation with Bing, 4/22/2024 (1) Tesla, Dogecoin & Institutional Interest: A Data Perspective by .... coinmarketcap.com (2) Tesla (TSLA) could make more money from software subscription than .... electrek.co (3) Dogecoin | Tesla Support. www.tesla.comLongby nicktussing77Updated 4
$TSLA Super Long Check In Checking up on our NASDAQ:TSLA play, we can see that NASDAQ:TSLA gapped up strong on earnings with a nice run off our bottom trend line. Zooming in on the Daily we can see a classic Wash, Trap Squeeze pattern emerging. The conclusion of this pattern will lead us to grab Liquidity at the 205, 220 and top out around our upper trend line around the 240ish plane before we consolidate and move higher. If the pattern fails and we do head lower, look to buy the dip between 168 and 172 after a closure of the gap below. Longby Midgar-1111
What should we do about Tesla Hello everyone I think we should wait again for this symbol and let it to show us what will make in this channel. Note : sometimes you need to draw your channel so soon and one of my techniques that help me to trace more reliable channel is find as many as reactive points between the midline of my channel and minor pivots. To make it simpler let me show you in the chart. Do not forget that my English is not so good but I am trying to make it better.by AMA_FXUpdated 3310
Tesla updateTesla has been in a range for almost a week now. That leaves the possibility open that this is a wave 4 of some degree. Accordinng to my count, this is either wave iv or wave 2. The move down from the high of $198.87 on 29 April looks as if it is wave a of some degree. Without more data it is hard to determine which count is the correct one. Don't forget too that if we have indeed bottomed, we are starting wave ((3)) of V. That means this bullish structure should be very strong and have smaller pull backs than normal. As I have said prior too, our next target for wave (1) should be the $325 area at the 0.786 if price extends. Should it not extend, then $210.10 would be our ideal target at the 0.382. If this latest retrace is a wave iv of some degree, then the 0.382 would make sense. However, if we're in a wave 2 retrace, then the 0.786 makes the most sense. Needless to say, Tesla has a decision to make and soon. Once it does make that choice, we will be prepared as to where price will go next.by TSuth4415
$TSLA Gap Fill Powerful SetupNASDAQ:TSLA Gap Fill Powerful Setup My Plan: Calls > 183.91 Puts < 178.91 If we fall this OPEN gap should fill! I am ready both ways with CONDITIONAL ORDERS SET TO GO LIKE if you're Down!by tradingwarzone3
Monday Is Almost HereBe prepared to trade on Monday. Have a plan that you are ready to follow.by MindOverMarket4
TSLA PatternTesla's breakout signals a significant shift in price direction. If the breakout is upwards, it suggests bullish momentum, possibly driven by positive news or strong fundamentals. Conversely, a downward breakout might reflect concerns or negative sentiment. Traders watch for confirmation through volume and sustained movement, taking positions accordingly. However, breakout trading carries risks, so caution and risk management are essential. Longby MindOverMarket4
$TSLA Bull Flag With Our Algo Buy AlertNASDAQ:TSLA Bull Flag with our algo buy alert, also closed above the 20- and the 50-day moving averages. Now we are looking for bullish consolidation and a break higher.Longby AlgoTradeAlert2
TESLA Set To Fall! SELL! My dear subscribers, This is my opinion on the TESLA next move: The instrument tests an important psychological level 181.20 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 167.46 My Stop Loss - 190.37 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals115
TSLA Bearish ScenarioCurrently, the price hovers below the support at 175 (CMP GZ). Everybody will be watching that level. Check all the previous earning periods. Every time we open with a gap down (no matter the results), however, this time it is different... I strongly think we will visit the 120-130 level and also below. There is a small chance that it will cross below 100 and re-visit pre-covid levels . Consider short from the GZ (170-177). T1 120 T2 107Shortby matejmnUpdated 9
Can tesla stock hit the 300$ in 2024Hello, We've identified a current opportunity to buy Tesla Stock with a high probability and a good risk-reward ratio of over 2.5 in the Monthly chart. Our target is $300 within a few Months. IbrouriLongby Abdessamadibrouri3
Tesla among top 10 losers. Next what?Tesla is the 7th worst performer YTD in the Nasdaq-100. It is the 11th worst performer in the S&P 500. The stock stands 28% lower. Still, after reaching its lowest level on 22/April, the stock has rallied a remarkable 30%. On 24/April, the stock rallied 12% after the positive earnings call. On 29/April, the stock jumped another 15% after the announcement of the Baidu ( HKEX:9888 ) partnership. Yet in the longer term, outlook remains cloudy as margin compression owing to fierce competition from Chinese EV makers and the wider EV industry slowdown. MUSK'S CHINA VISIT LEADS TO BAIDU DEAL Last Sunday, Elon Musk flew to China on a surprise visit. The last minute visit led to speculation over a push to launch full self driving (FSD) in China. Persons close to the matter stated that Musk was expected to discuss the rollout of FSD software and permission to transfer data overseas, as reported in Reuters . One of the key hold-ups for the rollout of FSD in China has been access to map data. Musk’s recent trip seems to have addressed that as Tesla announced a partnership with Baidu for map data access. While, Musk has long claimed that Teslas will be able to run FSD without map data, this will allow them to roll-out the offering much sooner and boost the slowing revenue in one of their leading markets in China. FSD has been a recent revenue driver for Tesla. In 2024, Siena Capital analysts estimated that Tesla recognized almost USD 700 million in revenue, which represents 4.3% of their automotive revenue after stripping regulatory credits. BYD PARTNERSHIP Another strategic partnership that has helped boost investor sentiment at Tesla has been the strategic partnership with BYD ( HKEX:1211 ). While both companies are major competitors, BYD recently overtook Tesla as the largest EV manufacturer in terms of overall vehicle sales (including hybrids). However, the fierce competition has also taken a toll on both companies as it has led to price cuts to win over more customers. That’s why a technology-sharing partnership between the two companies is positive. While, they continue to compete, the partnership – specifically related to the use of BYD’s LFP battery technology in certain low-cost Tesla models – remains a positive for Tesla as it allows them to diversify their battery supply chain, reduce production costs, and enhance range for their lower-cost models. LOW-COST MODELS COMING SOONER THAN EXPECTED A recent hurdle for Tesla has been delay behind the upcoming low-cost Model 2 vehicle which plays a pivotal role in Tesla’s growth strategy. According to a Reuters report , Tesla had opted to cancel or indefinitely postpone plans for the upcoming Model 2. Instead, it would focus its attention on Robo-Taxis. The low-cost car represented the next phase of Musk’s long-term master plan to produce affordable electric vehicles through manufacturing process improvements. Fears were that fierce competition in the low-cost category by Chinese manufacturers would make Tesla’s efforts unfeasible. Yet, Elon Musk disputed the Reuters report and at the Q1 earnings investor call, it was verified. The Model 2 strategy is still on track. In fact, it may come sooner than expected at the end of 2024. Musk stated that Tesla was accelerating the launch of more affordable models that will be available to produce on its existing manufacturing lines. Tesla aims to fully utilize its current production capacity towards these efforts and grow manufacturing 50% over 2023 before they start investing in new manufacturing lines. Additionally, the robo-taxi push is also underway. Elon Musk stated that Tesla will launch its long-awaited robo-taxi product as soon as 8/August/2024. The autonomous driving robo-taxis will earn revenue for their owners. Moreover, owners will be able to add their Tesla's to the robo-taxi shared fleet with just one click on the Tesla app. BEARISH CLOUDS PERSIST Despite these recent developments, the outlook for Tesla remains undeniably cloudy. At its Q1 earnings, Tesla reported dismal results. But it’s not just Tesla which is struggling, it’s the wider EV industry. EARNINGS SUMMARY Tesla's Q1 2024 earnings report released on 23/April revealed a challenging quarter marked by margin compression and a slowdown in electric vehicle (EV) sales, influenced by strategic price cuts and broader economic factors. Financially, Tesla reported a reduction in its automotive gross margin to 17.4%, down from previous quarter, reflecting the impact of significant price reductions across its model lineup intended to stimulate demand amid a softening global market. These price adjustments, while successful in driving a short-term uptick in sales volumes, did not fully counterbalance the revenue per unit loss, leading to an overall revenue of $21.3 billion and earnings per share (EPS) of $0.45, both figures below analyst expectations. Quarterly revenue and deliveries were the lowest since 2022. One of the bright spots has been Tesla’s efforts to control costs. Not only did the company recently announce layoffs. It also stated that it would slow the growth of its Supercharger network to bring costs under control. Moreover, investors were not as concerned about the concerning financials following the investor call where Musk re-affirmed Tesla’s long-term strategy while maintaining that Tesla would remain lean by producing the new lineup on existing manufacturing lines, assuaging fears of spiraling costs. Critical to note that it is not just Tesla which struggled in Q1. BYD also reported that its profits fell 47% YoY. Vehicle sales also slowed QoQ. It is the wider industry that is experiencing a slowdown. Unfortunately for Tesla, margin compression is more concerning for it compared to its Chinese competitors. Particularly as Chinese manufacturers are able to keep costs lower with help from government subsidies. Not only does the Chinese government offer direct subsidies to manufacturers, it also offers subsidies for EV buyers in China which has led to a boom in EV sales, which has benefited Chinese EV manufacturers. Economic slowdown from high interest rates and a domestic slowdown in China may keep EV sales subdued for some time. In which case, Tesla would be forced to continue with its price cuts which would continue to pressure margins. TESLA'S FINANCES STRAINED UNTIL AFFORDABLE MODEL LAUNCH With recent positive news, Tesla stock has recovered sharply. Yet, it remains one of the worst performing stocks in the S&P 500 YTD. Bearish clouds persist for Tesla as margin compression continues due to competitive price cuts by Tesla. Amid an industry-wide sales slowdown, Tesla may be forced to continue with its strategy to offer price discounts on its cars, keeping its margins pressured. Moreover, Tesla continues to face pressure from low-cost Chinese EVs until it can launch its own low cost models. While, Tesla’s new models are expected sooner than expected, they are still several quarters away. In the meantime, fundamental factors are likely to continue impacting Tesla’s profitability and subsequently its stock. Editors' picksby mintdotfinance2222419