DON'T SLEEP ON TESLA ON A... WELL, NEVER SLEEP AGAIN. TSLA 420.
Updated
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/alexandria/article/tesla-dogecoin-institutional-interest-a-data-perspective-by-intotheblock.
(2) Tesla (TSLA) could make more money from software subscription than .... electrek.co/2021/07/20/tesla-tsla-could-make-more-money-from-software-subscription-than-hardware/.
(3) Dogecoin | Tesla Support. tesla.com/support/dogecoin.
Note
Ya'll still ain't sleepin, right?Note
big spot for tslaNote
This is the first sell target, technically, it can go higher and it can go lower.So far from what I see, there is support on a retracement, so it might see the 300's
Note
You'll want a new chart if you're still following this one.
New trends have formed that are fairly important.
Big price target incoming. Similar to the 175 price target mentioned above.
Note
either tesla has the setup to continue bullish or one big drop is coming, which ultimately takes the price bullish, so like, it's not the worst investment of all time, and hopefully they keep up with their views of improving the world through technology rather than always maximizing profits, which isn't a knock on max profits but more of a callout for a company that does good things and isn't always recognized for it, BUT SHOULD BE. Yes, they fail at times, the company is huge, it will make mistakes and time will tell.
Overall, I would say, STAY ON YOUR TOES NEXT TWO WEEKS. Things could see some really fast up and down movement.
Note
It would have to look like this which could maybe project out to December or Jan, election could speed things up so if it does take off, early investors seem favored here.
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Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
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