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$TSLA Contrarian Bounce Against the Market Grain.$TSLA:1D Price breaks out of downtrend at +3SD (190.79). Potential ‘gap-fill’ up to 206. Bullish price to RSI divergence. (yellow lines) Pearson’s R^2 is extremely high and I don’t believe this level of trend strength can be maintained at these levels of elevation for a very extended period of time. Significant inverse correlation to relevant index ETF ( NASDAQ:QQQ ) makes NASDAQ:TSLA a theoretically contrarian trade for me assuming I have a bearish sentiment on broader tech sector as represented by $QQQ. Given how beaten up the stock has been I believe it could rise against a falling tech sector, at some point over the next 90 days. First target is 198 level, second target is filling the gap up to 206 and the third and final ‘reach target’ would be the 0.5 retrace at 222.60. I would be happy with 2/3 of these being completed. If the trade went against me, I see the worst case, downside, scenario as a further spill to the 1.382 (147.56) with a drop to the mid 160’s as more likely in the event of a downturn. My thesis is long but outlining the downside scenario is an important part of managing risk for me. Happy trading.
NASDAQ:TSLALong
by Firewalker_Charts
Dogecoin - Is a 20.000% rally realistic?Hello Traders and Investors, today I will take a look at Dogecoin . -------- Explanation of my video analysis: In 2020 Dogecoin already created a symmetrical triangle breakout which was followed by a +20.000% rally towards the upside. Then we saw the top in 2021 and Dogecoin once again entered into a triangle consolidation phase. We already saw the bullish breakout of this triangle and if we measure the potential price target, the next bullrun could bring us all the way up to $20. -------- Keep your long term vision, Philip (BasicTrading)
CRYPTO:DOGEUSDLong
by basictradingtv
18
Oracle's $10B Deal with Elon Musk's xAI Signals Cloud GrowthOracle Corporation is poised for substantial growth in its cloud computing sector through a potential $10 billion deal with Elon Musk's AI startup, xAI. This strategic partnership signals Oracle's emergence as a key player in the generative AI market, positioning its Oracle Cloud Infrastructure (OCI) division for significant expansion against competitors like Amazon Web Services and Microsoft Azure. Despite recent stock price fluctuations, Oracle's cloud revenue has surged, bolstering confidence in its cloud computing capabilities. The connection between Oracle's Chairman Larry Ellison and Elon Musk further underscores the promising prospects of this collaboration, with xAI likely becoming a flagship client for Oracle. This partnership promises to advance AI cloud services and could lead to groundbreaking developments in the industry.
NYSE:ORCLLong
by signalmastermind
Elon Musk's xAI Set to Rent Oracle's AI Servers for $10 Bln Oracle Corp. ( NYSE:ORCL ) is close to a $10 billion cloud contract with Elon Musk's artificial intelligence startup, xAI. Oracle Chairman Larry Ellison announced last September that the company had a deal to provide cloud infrastructure to xAI to train artificial intelligence models. The talks are ongoing and there is no guarantee that the two companies will reach an agreement. XAI was set to close a $6 billion funding round, valuing the company at about $18 billion. The shares gained 3.7% to $120.68 in New York after earlier hitting $122.55. The stock has increased 10% this year through Monday's close. The deal would make xAI one of Oracle's largest customers, as Musk looks to raise funds for xAI in an attempt to rival the AI offerings of OpenAI and Google. The cloud negotiations are ongoing and there is no guarantee that the two companies will sign a deal. XAI was reportedly in talks to raise $3 billion in a round last month, which would have valued the company at $18 billion. Oracle and Elon Musk did not immediately respond to Reuters requests for comment. Oracle ( NYSE:ORCL ) released an update to its database technology earlier this month intended to make it more useful with AI. XAI is the largest H100 customer at Oracle, using more than 15,000 of the AI chips, which are made by Nvidia. Last month, Musk said xAI would launch an enhanced version of its chatbot Grok to early testers and existing users on his social media platform X.
NYSE:ORCLLong
by DEXWireNews
Dogecoin Now Payment Method in Tesla Inc., DOGE Price Rally 20%Elon Musk, the CEO of Tesla, has reportedly added Dogecoin ( CRYPTOCAP:DOGE ) as a payment method for some Tesla products, leading to a 20% increase in the CRYPTOCAP:DOGE price. The move follows a month-long hindrance by Musk about accepting Dogecoin as an official form of payment for Tesla vehicles. Traders immediately responded to the news, with the DOGE price skyrocketing over 20% in the last 24 hours, with the price changing hands at $0.16. Tesla products can only be purchased through a Dogecoin wallet, and all eligible Tesla products will be clearly priced in Dogecoin. However, there are terms when making Dogecoin payments, including not accepting payments from multiple wallets for a single order, unable to cancel an order once placed, and not applicable returns for items purchased with Dogecoin. Meanwhile, Tesla has not confirmed whether Dogecoin is an acceptable payment for Tesla cars. In March, Musk hyped up the meme coin at the Tesla Gigafactory near Berlin, Germany, and said he thinks the company should enable it at some point. The CRYPTOCAP:DOGE price has risen more than 20% in the past 24 hours, currently trading at $0.16. The 24-hour low and high are $0.137 and $0.161, respectively. Trading volume has surged over 90% in the last 24 hours, indicating massive interest among traders. Total Dogecoin futures open interest has increased by 26% over 24 hours and a more than 9% jump in open interest in the past 4 hours, indicating massive buying from futures traders.
Long
by DEXWireNews
1
FUD: Tesla Sells BTC - My Bitcoin Buy ZoneFUD NEWS FROM ELON MUSK: Tesla sells off $1.5B USD worth of Bitcoin. Elon Musk "needs cash" but "will buy Bitcoin again" someday. This news has caused a panic dump but I remain bullish. $1.5B sold out of the over $430B Bitcoin market cap is only around 0.345%. Not an impressive number. The dip is purely FUD. Elon Musk has a lot of sheep following his moves. Although I remain careful not to buy within the first 3 days. FUD can be powerful. I used Heiken Ashi candlesticks to highlight the fact that we are still in a bullish market from a weekly perspective. 1 BTC = 1 BTC HodL This is not investment advice.
BITSTAMP:BTCUSDShort
by GoldArti
4
TESLA ready to start it's run? Long with a 300$ TARGETTesla has been one of the worst performing NASDAQ100 listed stocks for the past year. Now its the time for the trend to change. In our humble opinion of course. We finally have an actionable set up with a falling wedge and the completion of a bullish 886 harmonic. The trade set up is standard and what really were looking for, for a long term run, is a break and confirmation of 180$, as shown below. The 4h targets are traditional targets for the 4h set up.
NASDAQ:TSLALong
by SynergyTradingSetups
Tesla - Don't get caught up!Hello Traders and Investors, today I will take a look at Tesla. -------- Explanation of my video analysis: In 2020 Tesla stock created a beautiful break and retest of the previous all time high which was followed by significant continuation towards the upside. After this pump Tesla stock entered a long term consolidation phase, forming a bullish flag formation. Considering that Tesla just retested and rejected the upper resistance, there is a quite high chance that we will retest the next support at $120. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:TSLA
by basictradingtv
1
Tesla Inc. ($TSLA) Announced Price Cuts Across its Electric CarsTesla ( NASDAQ:TSLA ) recently announced sweeping price cuts across its electric vehicle (EV) lineup and Full Self-Driving (FSD) technology, signaling a strategic shift amidst mounting challenges. However, as the stock continues its downward spiral, investors are left pondering whether these aggressive pricing maneuvers will be enough to steer the company back on course. A Strategic Pivot Amidst Turbulent Times Tesla's decision to slash prices on EVs and FSD comes at a critical juncture for the company. With Elon Musk postponing a highly anticipated trip to India and reports swirling about delayed plans for a Tesla factory in the region, the EV giant finds itself navigating choppy waters both at home and abroad. The latest round of price cuts underscores Tesla's efforts to stay competitive in an increasingly crowded market while grappling with supply chain disruptions, geopolitical tensions, and regulatory scrutiny. Yet, amidst these headwinds, questions loom large about the sustainability of Tesla's growth trajectory. EV Price Wars: By reducing the entry prices of key models like the Model Y, Model S, and Model X, Tesla aims to stimulate demand and maintain its market dominance. However, with production constraints still a concern, the impact of these price cuts on profitability remains uncertain. Will lower prices be enough to offset rising costs and dwindling margins? Moreover, the decision to leave Cybertruck and Model 3 prices unchanged raises eyebrows, hinting at potential supply chain constraints or strategic prioritization. As competitors ramp up their EV offerings and governments incentivize electrification, Tesla ( NASDAQ:TSLA ) faces heightened pressure to deliver on its promises while staying ahead of the curve. FSD: A Price Cut or a Pricing Conundrum? Tesla's ( NASDAQ:TSLA ) move to reduce the price of its FSD technology reflects a broader push to democratize autonomous driving. However, the disparity between the subscription and purchase options raises questions about the company's revenue model and long-term viability. While a lower FSD price may entice more customers to opt in, the subscription model could cannibalize upfront sales and erode profitability over time. With Musk doubling down on autonomous driving as a cornerstone of Tesla's future, striking the right balance between accessibility and profitability remains a formidable challenge. Earnings Call Anticipation: Seeking Clarity Amidst Uncertainty As Tesla ( NASDAQ:TSLA ) prepares to release its quarterly earnings, all eyes are on Musk and company executives to provide clarity on the company's strategy and outlook. Amidst swirling rumors of workforce layoffs and production setbacks, investors are hungry for reassurance that Tesla can weather the storm and emerge stronger than ever. Conclusion: Tesla's pricing gamble represents a calculated bet on the company's ability to navigate the turbulent waters of the EV market. As competition heats up and external pressures mount, Tesla must tread carefully to strike the right balance between growth and sustainability. While price cuts may provide a short-term boost to demand, the long-term success of Tesla hinges on its ability to deliver on its promises, innovate in the face of adversity, and stay ahead of the curve in a rapidly evolving industry. As investors brace for Tesla's earnings call, one thing remains clear: the road ahead is fraught with challenges, but for those willing to take the journey, the rewards may be greater than ever imagined.
NASDAQ:TSLA
by DEXWireNews
Elon Musk Apologizes to Laid off Tesla EmployeesTesla’s CEO, Elon Musk, has apologized to his staff for a significant error that occurred during the company’s recent restructuring. In an email sent to employees, Musk acknowledged that some severance packages had been incorrectly calculated and expressed regret for the mistake. He assured his staff that the issue would be addressed immediately. The apology came after Tesla ( NASDAQ:TSLA ) laid off approximately 14,000 employees, or 10% of its workforce, citing the company’s “rapid growth” and the need to eliminate duplication of roles and job functions in certain areas. Musk described the decision as a difficult one, made after a thorough review of the organization. The severance pay error is not the first time Musk has been accused of failing to compensate former employees. In a lawsuit brought against him by former Twitter executives, Musk was accused of declining to pay severance to those he had allegedly fired without reason. The executives claimed that Musk owed them $128 million in severance pay. Musk’s handling of Twitter, which he acquired in 2022 and now operates as X, has also attracted criticism. In an interview, Musk claimed to have reduced the company’s staff by 80%, cutting over 6,000 jobs, in an effort to prevent the company from going bankrupt. However, the lawsuit claims that Musk has earned a reputation for not paying his bills, citing a large number of lawsuits from vendors and service providers who claim they are owed money. The lawsuit also references a website that tracks Twitter/X’s alleged missed payments, and the individual who operates the site has reportedly been banned from the social media platform. Despite these challenges, Tesla ( NASDAQ:TSLA ) remains one of the most innovative and dynamic companies in the automotive industry, with a strong commitment to sustainability and electric vehicles. The company’s future success will depend on its ability to navigate these challenges and continue to innovate and grow.
NASDAQ:TSLA
by DEXWireNews
Tesla Set to Lay Off More Than 10% of its StaffIn a recent development, Tesla ( NASDAQ:TSLA ), the electric vehicle (EV) giant, has announced plans to lay off more than 10% of its global workforce, marking a significant shift in its operational strategy. This decision comes amidst a series of challenges facing the company, including declining vehicle deliveries and the abandonment of its plans for an inexpensive car. According to reports from tech publication Electrek, Tesla ( NASDAQ:TSLA ) aims to streamline its operations by identifying critical team members and reducing production at Gigafactory Shanghai. Additionally, the company has paused some stock rewards and canceled annual reviews for certain employees. These measures signal a concerted effort by Tesla to navigate through a period of market turbulence and streamline its operations for future growth. With approximately 15,000 workers expected to be affected by the layoffs, Tesla's ( NASDAQ:TSLA ) workforce reduction reflects a strategic realignment in response to changing market dynamics. Despite its status as the world's largest automaker by market value, Tesla ( NASDAQ:TSLA ) has encountered challenges in recent quarters, including a decline in vehicle deliveries – its first in nearly four years. The announcement also comes at a pivotal time for Tesla ( NASDAQ:TSLA ), as it prepares to report its quarterly earnings on April 23. Investors and industry analysts will closely monitor these results to gauge the company's financial performance and its ability to navigate through current market challenges. Furthermore, Tesla's decision to abandon plans for producing an inexpensive car underscores the shifting priorities within the EV industry. While CEO Elon Musk has long championed the goal of making affordable EVs accessible to the masses, the company's strategic pivot reflects the need to adapt to changing market dynamics and consumer preferences. Despite these challenges, Tesla ( NASDAQ:TSLA ) remains a dominant force in the EV market, with its innovative technology and brand recognition continuing to drive interest among consumers. However, as competition intensifies and market conditions evolve, Tesla ( NASDAQ:TSLA ) faces mounting pressure to deliver sustainable growth and maintain its position as a market leader. Technical Outlook Tesla Inc. ( NASDAQ:TSLA ) stock is down 3.22% with a Relative Strength Index (RSI) of 39.72 indicating an oversold position for the stock. The Monthly price chart indicates a Bearish Pennant for the stock.
NASDAQ:TSLAShort
by DEXWireNews
Tesla's Bumpy Ride: Navigating Challenges Amidst a Market PlungeTesla ( NASDAQ:TSLA ), the electric vehicle pioneer, finds itself in turbulent waters as it navigates through a challenging first quarter marked by a significant decline in car deliveries. With a plunge of 27% in its stock value, Tesla ( NASDAQ:TSLA ) faces a slew of obstacles, including production issues, market softness, and legal controversies surrounding its technology and leadership. As analysts speculate on the future trajectory of the company, Tesla's ability to engineer a turnaround becomes critical amidst mounting pressure and uncertainty. Market Disappointment and Analyst Projections: Tesla's first-quarter delivery figures fell short of expectations, delivering 387,000 vehicles, down 20% from the previous quarter and missing analysts' projections by a substantial margin. With Wall Street anticipating 443,000 deliveries, the unexpected decline has sparked concerns about Tesla's growth trajectory and market demand for electric vehicles. Factors Contributing to the Plunge: Several factors contributed to Tesla's disappointing performance, including production disruptions, supply chain challenges, and the shift towards early production of the next version of its Model 3 sedan. Additionally, external factors such as Red Sea shipping disruptions and suspected arson at its Berlin factory further exacerbated the slowdown in deliveries. Higher interest rates and cooling interest in electric vehicles have also dampened sales, reflecting broader economic trends and shifting consumer preferences. Analyst Perspectives and Future Outlook: Analysts have offered mixed perspectives on Tesla's prospects. While some view the decline as a temporary setback amidst broader market forces, others express concerns about the company's ability to sustain its growth momentum. With Tesla's stock value plummeting and mounting legal challenges, including lawsuits over its Autopilot software, the road ahead remains uncertain. However, Tesla's CEO Elon Musk remains optimistic, attributing the sales issues to business cycles and positioning the company for future growth waves. Technical Outlook Tesla Inc. ( NASDAQ:TSLA ) stock is up by 1.21% in Tuesday's trading session with a moderate Relative Strength Index (RSI) of 55.93 indicating signs of a bullish resurgence from the stock. Tesla Inc. ( NASDAQ:TSLA ) stock's 3-month price chart is in a falling wedge pattern which further validates the bullish thesis of the stock.
NASDAQ:TSLALong
by DEXWireNews
Tesla's Robotaxi Set to be Unveil Amidst Investor SkepticismTesla's journey on the stock market has been nothing short of tumultuous in recent times, as the electric vehicle (EV) giant grapples with diverging narratives surrounding its futuristic promises and current market challenges. Elon Musk, Tesla's enigmatic CEO, once again sought to change the narrative by teasing the long-awaited robotaxi unveiling, scheduled for August 8th. This announcement, following a denial of reports about shelving plans for a cheaper electric vehicle, prompted a surge in Tesla's shares in extended trading. However, amidst the hype, questions linger about the feasibility of Musk's grand vision. Tesla's history is peppered with ambitious promises and delayed deliveries. Musk's predictions about autonomous vehicles, including the much-touted robotaxi, have yet to materialize despite years of anticipation. Regulatory hurdles, technical challenges, and manufacturing setbacks have impeded progress, casting doubt on the viability of Musk's ambitious timelines. Despite Musk's attempts to steer attention towards the future, Tesla's present struggles remain undeniable. Sluggish demand, intensified competition, and supply chain disruptions have weighed heavily on the company's performance. Tesla's first-quarter deliveries witnessed an 8.5% drop from the previous year, contributing to a sharp decline in share value. The regulatory landscape further complicates Tesla's path forward. Recent recalls and safety concerns surrounding Tesla's Full Self-Driving (FSD) software underscore the challenges of gaining regulatory approval for autonomous vehicles. Convincing regulators of the safety and reliability of Tesla's technology remains a formidable task, one that could significantly impact the trajectory of the company's autonomous ambitions. As Tesla ( NASDAQ:TSLA ) navigates these challenges, investor skepticism looms large. Analysts have questioned Tesla's growth prospects amidst a backdrop of sluggish demand and mounting competition. The recent selloff in Tesla's shares reflects growing concerns about the company's ability to deliver on its lofty promises amidst a volatile market environment. Tesla's future hinges on its ability to bridge the gap between promise and reality, demonstrating tangible progress in delivering on its ambitious vision while addressing present-day challenges. The upcoming robotaxi may capture headlines, but the road ahead for Tesla ( NASDAQ:TSLA ) remains fraught with uncertainty. Technical Outlook Technically, NASDAQ:TSLA stock has accumulated liquidity during its worst market days coupled with the release of its Robotaxi, it will capitalize on its gains as more buyers step in and then surge to a new Resistance level. The Relative Strength Index (RSI) at 45.09 is pretty much good for a perfect entry as NASDAQ:TSLA is on its way to a new Resistance zone.
NASDAQ:TSLALong
by DEXWireNews
Tesla Abandons $25K Vehicle for Robotaxi Sends Stock Plummeting Tesla ( NASDAQ:TSLA ), the electric vehicle (EV) pioneer led by visionary CEO Elon Musk, finds itself at a crossroads as it grapples with strategic shifts and market turbulence. The latest blow came as Reuters reported the cancellation of Tesla's much-anticipated $25,000 vehicle, sending shockwaves through the investment community and sparking a sharp decline in Tesla (TSLA) stock. The report, citing insider sources and internal messages, revealed Tesla's decision to pivot away from the affordable vehicle segment towards doubling down on its self-driving robotaxi platform. Despite Musk's swift denial on social media, the news triggered a 3.63% drop in Tesla's ( NASDAQ:TSLA ) stock price, hitting a 2024 low and fueling investor uncertainty. The abrupt shift in focus underscores Tesla's relentless pursuit of innovation and disruption within the automotive industry. While the cancellation may disappoint some enthusiasts eagerly awaiting an affordable Tesla ( NASDAQ:TSLA ) model, it reflects the company's strategic realignment towards future mobility solutions, particularly autonomous driving technology. Tesla's ambitious plans for a self-driving fleet of robotaxis represent a bold bet on the future of transportation. By leveraging its existing vehicle platform, Tesla ( NASDAQ:TSLA ) aims to revolutionize urban mobility and reshape the way people commute, work, and travel. Musk's unwavering commitment to advancing autonomous technology underscores Tesla's vision of a future where cars become autonomous robo-taxis, providing on-demand transportation services at scale. However, the pivot away from the $25,000 vehicle raises questions about Tesla's product roadmap and long-term competitiveness. Critics argue that abandoning the affordable EV segment could limit Tesla's market reach and alienate budget-conscious consumers, potentially ceding ground to competitors in the rapidly evolving electric vehicle market. Despite the setback, Tesla ( NASDAQ:TSLA ) remains bullish on its growth prospects, citing ongoing developments at Gigafactory Texas and emphasizing its position between two major growth waves. Musk's reassurances about progress on the next-generation vehicle platform offer a glimmer of hope for investors amid the turbulence. Meanwhile, Tesla's stock performance reflects the uncertainty surrounding the company's trajectory. Recent gains fueled by the rollout of Full Self-Driving (FSD) updates were overshadowed by broader concerns about earnings projections and market sentiment. With analysts revising downward their 2024 earnings forecasts, Tesla faces mounting pressure to deliver on its ambitious targets and maintain investor confidence. Looking ahead, Tesla's ability to navigate regulatory challenges, technological hurdles, and competitive pressures will be crucial in shaping its trajectory. As the EV giant grapples with strategic decisions and market headwinds, investors remain cautiously optimistic about Tesla's long-term prospects while acknowledging the volatility inherent in disruptive industries.
NASDAQ:TSLA
by DEXWireNews
4