Brief About the Chart
Descending Channel with Breakout: Tesla (TSLA) traded in a descending channel on the weekly chart from late 2022 to early 2025, with a breakout above the upper boundary (around $300) leading to a rally to $475, followed by a pullback to $248.71, now consolidating near the 50-week moving average.
Fundamental Analysis
Big Player in EV: Tesla is a top name in electric vehicles, holding about 19% of the global market in 2024, and its new products like Cybertruck make it strong for future growth.
More Sales Expected: Tesla’s sales might grow in 2025 because of bigger factories in Shanghai and Texas, with experts saying sales could rise by 15-20% this year.
Profit Worries: Tesla’s profits dropped a bit in 2024 due to price cuts, but better demand and cost-saving steps can help it make more money in the long run.
Latest News (Long-Term Focused)
EV Market Growth: A report says global EV sales might grow 25% in 2025 and keep rising till 2030 due to cheaper batteries and government support, which is great for Tesla (Livemint, March 18, 2025).
Tesla’s Robotaxi Plans: Tesla is working on self-driving robotaxis, with plans to launch them by 2026, which could add billions to its revenue in the future (Investopedia, March 19, 2025).
Battery Tech Push: Tesla is investing in new battery tech to cut costs by 30% over the next 5 years, making its cars cheaper and boosting sales (Yahoo Finance, March 20, 2025).
Conclusion
Since this is a long-term view, Tesla’s current price of $248.71, after a breakout from a descending channel and a pullback to a key support level, indicates that this is indeed not a bad place to start investing in the stock at all. However, more attention is needed in order to analyze the entry, particularly by monitoring whether the stock holds above the $245 support level and shows signs of renewed momentum on the weekly chart.
Descending Channel with Breakout: Tesla (TSLA) traded in a descending channel on the weekly chart from late 2022 to early 2025, with a breakout above the upper boundary (around $300) leading to a rally to $475, followed by a pullback to $248.71, now consolidating near the 50-week moving average.
Fundamental Analysis
Big Player in EV: Tesla is a top name in electric vehicles, holding about 19% of the global market in 2024, and its new products like Cybertruck make it strong for future growth.
More Sales Expected: Tesla’s sales might grow in 2025 because of bigger factories in Shanghai and Texas, with experts saying sales could rise by 15-20% this year.
Profit Worries: Tesla’s profits dropped a bit in 2024 due to price cuts, but better demand and cost-saving steps can help it make more money in the long run.
Latest News (Long-Term Focused)
EV Market Growth: A report says global EV sales might grow 25% in 2025 and keep rising till 2030 due to cheaper batteries and government support, which is great for Tesla (Livemint, March 18, 2025).
Tesla’s Robotaxi Plans: Tesla is working on self-driving robotaxis, with plans to launch them by 2026, which could add billions to its revenue in the future (Investopedia, March 19, 2025).
Battery Tech Push: Tesla is investing in new battery tech to cut costs by 30% over the next 5 years, making its cars cheaper and boosting sales (Yahoo Finance, March 20, 2025).
Conclusion
Since this is a long-term view, Tesla’s current price of $248.71, after a breakout from a descending channel and a pullback to a key support level, indicates that this is indeed not a bad place to start investing in the stock at all. However, more attention is needed in order to analyze the entry, particularly by monitoring whether the stock holds above the $245 support level and shows signs of renewed momentum on the weekly chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.