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Solar Energy Systems of Tesla Caused a SueWalmart sued Tesla on Tuesday for its solar energy panels. In addition to that, the retail corporation accused the firm of widespread negligence, which resulted in repeated fires of its solar systems. The company also ask the court to order Tesla to get rid of its solar panels from over 240 of its U.S. stores. Moreover, the electric car maker installed these solar energy systems, and, of course, the firm is responsible for fires at seven locations. Aside from that, there were dozens of it with hazardous issues like loose wiring and hot spots on panels. But as on now, Tesla did not give any comment regarding this matter. In the lawsuit, it accused the firm of having workers who lack training. And they are the one putting up shoddy installations, which displays utter incompetence of callousness, according to the court papers. Solar Business of Tesla Meanwhile, Tesla got its solar energy systems through its $2.6 billion purchase of SolarCity back in 2016. And the lawsuit became the latest blow to the firm’s already struggling business. Since the deal, quarterly installations collapse over 85%. And this happened after Tesla chopped its solar panel sales force and ended a distribution deal with Home Depot. Furthermore, in the lawsuit of Walmart, it stated the fires damaged significant amounts of store merchandise and needed solid repairs. As a result, the firm lost millions of dollars. Tesla Shares Despite Tesla’s self-inflicted wounds and dropping shares around 32% in 2019, billionaire investor Ron Baron stayed bullish on the company and CEO Elon Musk. And the reason for his consistent support is the ongoing expansion of the electric carmaker firm in China. Aside from that, its revenue growth and improvements in all-electric vehicle technologies are also part of his reasons to keep holding to the firm. After opening at $227.62 per share, Tesla stock was relatively firm Tuesday morning.
NASDAQ:TSLA
by Financebroker
1
Tesla! 420 next year?Hi guys, Tesla just came down to long term support and held, and then came up and reject resistance so it looks as if we are in the same range as from 14-16. We are currently sitting in the middle of the range, I believe that the next big break will set the trend for the next 6-12 months. Fundamentals: For Tesla to succeed and see enormous growth they need to achieve full self-driving, I think they are still a few years away. The second thing is battery production and having access to the largest EV market which is China. This is coming with the gigafactory being built this year. Overall I am bullish on innovation so I'm bullish on Tesla, this doesn't mean we can't lose support and test lower :).
NASDAQ:TSLALong
by MaxxCharts
3
Tesla Short ReversalHi guys its Brian here with a short opportunity for Tesla. Tesla is currently in a downtrend ever since start of the year as seen by the downward sloping trend channel. The price has also always been consistently below the ichimoku cloud from February onwards. Tesla reached the support level of about 175 level at the start of June and showed an upward correction but the correction is starting to end as seen by the strong red candle upon hitting the blue trend resistance channel. Volume also increased on the 2nd red candle showing there is strong bearish pressure driving prices downwards. If shorting here, take profit could be set at about 195ish or even the previous support level at 180ish www.brianchai.com Free Trading Group
NASDAQ:TSLAShort
by BrianChai
1
$TSLA LONG | CURRENTLY ON SUPPORT LEVELHello hello hello... It's time for a brand new analysis, today we're breaking out $TSLA. This chart is on 1 hour timeframe. As we can see $TSLA has hit the 250 mark for 2 times already and it has bounced back to 300-340 mark. This pattern has hit already twice in a row, now we will see if it happens for the third time. RSI9 is pretty nice indicator in downtrends and if you look at the RSI bottoms it is lining up with other dips. After these dips it everytime does a correction. Even tho Wall Street is now skeptical about Tesla's future, I still believe in chart analysis. It will get up! :) #LONGTESLA
NASDAQ:TSLALong
by UnknownUnicorn3848732
1% Day for 300 days with Tesla - Spectro Side Trend StrategyHello everyone, I admit this is one of the setups I like most, many people frown when they see side markets. Because most of the times they lack volatility - yet, sometimes those beautiful long range channels show up. Allowing you to "ping-pong" as long as they hold. Usually, you get 2-3 bounces before they cease to exist. Look for behavior similar to this in other assets and then just apply the strategy. Channels within a 10-30% range offer around 0.2~0.5%/day avg profit Channels within a 30-60% range offer around 0.5%~1.5%/day avg profit For this strategy, I'm only using one indicator: Spectro M2 The only features I'm using on the indicator is the main Spectro Oscillator with the aggressive preset and one of the pivotal leveling tools offered. I'm not using any other confirmations but since it's a W chart, you can use XConf Algo with aggressive settings(you'll notice a small green arrow, that's the extra reversal confirmation that appears less often)
NASDAQ:TSLA
by spectertrading