TESLA is looking to make a run for $345 during the 5th wave.Tesla looks like it might make a run to $345 in the 5th and final Elliott Wave over the next 2 to 3 months. This identical pattern appears to have already played out in an earlier instance, which makes it slightly more likely that the pattern will repeat itself.
Good luck, and always use a stop loss.
Teslamotors
Tesla Part 2 Video Monthly - 5 Min : Where are we GOING & WHY Good evening Traders
Part 2 of my video I just created for Tesla:
In this video we get into the nitty gritty where this market is going and and some possible scenarios we can go.
We take this video from the 4 hour time frame and bring it down to the five minute chart for you all to see which levels to look for and why
Any questions, comments, what do you like ? What do you hate and why?
Lastly which countries is everyone from? I'm from Canada myself
Happy Hunting Traders
MB Trader
Tesla - This Is Still Not Bearish!Tesla ( NASDAQ:TSLA ) is stuck between structure:
Click chart above to see the detailed analysis👆🏻
Tesla continues to consolidate in the long term descending triangle pattern. Following previous price action, a bullish breakout is much more likely but Tesla is still trading below the trendline resistance. A potential bullish breakout will be followed by an incredible rally and new highs.
Levels to watch: $160, $230
Keep your long term vision,
Philip (BasicTrading)
Tesla Four Hour how far is this market going up ???????Good morning Traders
I created a video for you all in relation to how far this market for Tesla is moving up along with 4-5 scenarios I can see possibly playing or to watch out for.
Any questions, thoughts, comments send them my way or comment below
We dont predict the market we follow it
MB Trader
Happy Trading
Tesla 4 hour- Daily are we correcting up if so how high ? Good afternoon traders
Currently basing on my thesis I see a correction of some sort how high this correction will go I am unsure however we do have some levels in place that will allows to understand where this market can go to.
Currently right now lets see how the market opens and see which levels hold which levels break.
Watch the video and let me know if you like it, hate it or want me to create more videos on how I trade and why in more specific detail.
Happy trading everyone
MB Trader
Tesla Daily: Correcting up but how high will it go? So based on our previous analysis Tesla didn't break down which then allowed us to change our thesis that we are still correcting.
Based on what we see 235-238 range is what I see however it breaks that we can go to 252 which is not out of the question either
Currently I have given 4 analysis on the chart on where we see this market moving to.
Using technical analysis with fibs the probability for me hitting 235 and going down is high however we dont control the market our job is to follow it.
What are your thoughts on this analysis ? Like it ? Hate it? What more lower time frames or something else let me know
MB Trader
Tesla’s China-Made EV Sales Rise Amid Strong CompetitionTesla Inc. ( NASDAQ:TSLA ) continues to make significant strides in China, the world’s largest electric vehicle (EV) market. According to the latest data from the China Passenger Car Association (CPCA), sales of Tesla’s China-made EVs rose 3% year-over-year in August. Deliveries of the Model 3 and Model Y surged by 17% from July, driven by Tesla’s aggressive strategies to attract local buyers. As the company expands its influence, a closer look at both the fundamental and technical aspects of Tesla’s stock reveals an intriguing narrative for investors.
Rising Sales Amid Fierce Competition
Tesla’s growth in China is particularly impressive given the fierce competition it faces from domestic EV makers like BYD, Leapmotor, and Li Auto. BYD, Tesla’s biggest rival in China, reported a staggering 35.3% year-over-year increase in sales, reaching a record high of 370,854 units in August. Despite this, Tesla’s consistent performance indicates that it is holding its own, thanks to several strategic moves:
1. Extended Incentives and Financing Options: Tesla has been offering zero-interest loans of up to five years since April, catering to cautious buyers amid a sluggish economy. This strategy has proven effective, especially in smaller cities, where Tesla saw a 78% year-on-year increase in deliveries in tier-three cities and a 47% rise in second-tier cities like Hangzhou and Nanjing.
2. Government Endorsement: Tesla has gained significant government backing, with several local authorities recently approving Tesla models for official car purchases. This endorsement helps Tesla penetrate segments of the market previously closed off due to regulatory restrictions, boosting both its sales and brand credibility.
3. Expanding Product Line: Looking to keep its offerings fresh, Tesla plans to produce a new six-seat Model Y in China starting in late 2025. This move is seen as an effort to appeal to family-oriented buyers and differentiate Tesla from other competitors in the market.
Despite a global downsizing of its sales force, Tesla’s China operations have maintained strong sales momentum, thanks to these strategic adjustments. Analysts project that if the current trend continues, Tesla could hit a record quarterly sales volume in China for Q3 2024.
Navigating a Mixed Market Environment
Tesla’s stock has shown a mixed performance recently, with technical indicators presenting both opportunities and cautionary signals for traders:
1. Price Action and Chart Patterns: Tesla’s stock was up 3% in Friday’s extended trading session but dipped 0.18% in premarket trading on Tuesday. The chart shows a bullish engulfing pattern, a positive signal suggesting that buyers are stepping in at current levels. This pattern, coupled with a moderate Relative Strength Index (RSI) reading of 50.21, indicates a potential uptrend in the near term. If the RSI dips to 40, near the one-month low pivot of $183, a rebound could be expected.
2. Support and Resistance Levels: Tesla’s stock is poised to hold its current levels, with analysts maintaining a “Hold” rating on the stock. Key support lies around $183, while resistance levels hover near $200, indicating that Tesla could be gearing up for a potential breakout if buying pressure increases.
3. Investor Sentiment and Volume: Trading volume and investor influx are critical factors. A surge in these could further propel the stock upward. With the introduction of Tesla’s Full Self-Driving (FSD) feature in China expected by year-end, sentiment could turn increasingly positive, leading to higher trading volumes and bolstered prices.
Outlook: A Balanced Perspective
Tesla’s ongoing success in China and strategic initiatives point to a promising future, but investors should also be mindful of the broader market conditions. With high competition, economic pressures, and evolving consumer preferences, Tesla’s path forward in China will be closely watched. Technically, the stock shows signs of resilience, but maintaining its trajectory will depend on continued strong sales performance, positive regulatory developments, and the successful execution of new product rollouts.
For traders, Tesla offers a balanced risk-reward profile at current levels. The fundamentals provide a strong backdrop, while the technicals suggest that the stock is at a critical juncture. Whether you’re looking to hold for the long term or capitalize on short-term price movements, Tesla remains a key player in the evolving EV landscape. As always, keep an eye on macroeconomic trends and market signals to navigate this dynamic market.
TSLA (Tesla), growth after accumulationHi friends, Tesla want to growth in friday and monday time ... We have more then 1,5 million contracts to long position, also bearish solds come to finish label. So my opinion growth to 218.1 (x-lines level) in near time and maybe target 229 is optional for next week .. will see..
Have a nice trading day ;)
TSLA (Tesla), monday starts with short position.Hi everybody. Monday starts with short position. I think short-term target is 209.1 (x-lines level). We have more then 300k bears contracts from friday now. After that ofcourse another market process coming but now - downward (just my opinion ofcourse). Have a nice trading day and goodluck.
Tesla - Possibility Of A BreakoutNASDAQ:TSLA can break out soon:
Over the past two weeks we saw an incredible stock market rally and also Tesla completely reversed the flash crash which we saw in the beginning of August. It is still quite possible that Tesla will break out of the long term triangle and immediately head back to the previous highs.
Levels to watch: $230, $400
Click chart above to see the detailed analysis👆🏻
Keep your long term vision,
Philip (BasicTrading)
$TSLA Powering down expected until we break the channel The chart is still showing a bearish trend with the price trading within a descending channel, indicating a consistent downtrend.
Key Levels:
- $200 Resistance:
The failure to reclaim and hold above $200 reinforces bearish sentiment.
- 0.618 Fibonacci Support at $165:
This level is the next major support within the current downtrend. A break below could lead to further declines.
- Target 1 ($165): Immediate support level, aligned with the 0.618 Fibonacci retracement.
- Target 2 ($100): A deeper support level and potential downside target if bearish momentum continues.
The price remains below the moving averages, further supporting the bearish outlook. NASDAQ:TSLA is likely to test the $165 level, with the potential for further decline towards $100 if the bearish trend persists. A bullish reversal would require a break above the descending channel and key resistance levels.
Tesla - It was a clear fakeout!NASDAQ:TSLA just confirmed a false breakout and is now reversing towards the downside.
Being able to only read price action properly can already make you a profitable trader. Tesla was attempting a triangle breakout last month but closed with a significant bearish wick. Therefore this is considered a false breakout and Tesla will head lower over the next couple of weeks since it is still trading below the resistance trendline. This was just pure price action.
Levels to watch: $160, $120
Keep your long term vision,
Philip - BasicTrading
$TSLA Tesla Trendline test coming upThe medium term downtrend was broken and we are headed back to test that breakout at $228.
With the volatility in this share it wouldn't surprise me if we close the gap at $213 as part of the trendline test.
If the trendline holds it could offer another buying opportunity.
Earnings expected on 23 July and this remains a speculative buy.
Tesla TSLA Soars on Strong Q2 Deliveries
Tesla stock TSLA has surged remarkably by more than +10% near a six-month high Tuesday to close at $231.26, after reporting better-than-expected second-quarter delivery numbers.
Technically speaking, TSLA shows clear bulls' control, especially after confirming the breakout of the inverted H&S pattern and the downward medium-term trendline.
Targets: $256.00 - $276.00.
Tesla - Finally exiting consolidation...NASDAQ:TSLA has been consolidating for four years and is ready for a (bullish) breakout.
We have a beautiful repetition of cycles on Tesla: Long term consolidation followed by a qiuck and agressive move higher followed once again by a long term consolidation. Tesla entered such a consolidation about four years ago and is now simply ready for another bullish breakout and an agressive move higher. It is just a matter of time until the triangle pattern breaks...
Levels to watch: $120, $220
Keep your long term vision,
Philip - BasicTrading
Tesla's Stellar Performance Ignites S&P 500 The U.S. stock market reached a new milestone on Tuesday, July 2nd, 2024, with the S&P 500 closing above 5,500 for the very first time. This historic achievement was fueled by a powerful surge in Tesla's stock price, coupled with positive signals from the Federal Reserve regarding potential interest rate adjustments.
Tesla, the electric vehicle (EV) leader, emerged as the star of the show. The company's stock price skyrocketed by over 10%, propelled by exceeding analyst expectations for their second-quarter deliveries. This impressive feat marked Tesla's second consecutive day of strong gains, solidifying investor confidence in the company's future prospects. The positive momentum surrounding Tesla not only propelled its own stock price but also had a ripple effect on the broader market, particularly the Nasdaq Composite. The tech-heavy index followed suit, closing at a record high itself, exceeding the 18,000 mark for the first time ever.
Beyond Tesla's individual performance, another significant factor contributed to the market's bullish sentiment. Federal Reserve Chair Jerome Powell, in a much-anticipated speech, hinted at the possibility of future rate cuts. This dovish stance from the Fed was met with enthusiasm by investors, as lower interest rates are generally seen as a positive catalyst for stock prices. Chair Powell's comments suggested that the Fed is cautiously optimistic about progress made in combating inflation, potentially paving the way for a more accommodative monetary policy in the near future.
The confluence of these events – Tesla's dominance, the Nasdaq's record highs, and the Fed's softening stance on inflation – created a perfect storm for the S&P 500 to breach the coveted 5,500 barrier. This milestone signifies a period of exceptional growth and resilience for the U.S. stock market. It's important to remember, however, that market triumphs are rarely linear. While the current outlook appears optimistic, there are always external forces that can influence market direction.
Looking Ahead: Sustainable Growth or Market Correction?
The question now on everyone's mind is whether this record-breaking rally can be sustained. Analysts hold varying perspectives. Some believe that the market's current momentum is a reflection of a robust and growing U.S. economy, with factors like strong corporate earnings and continued technological advancements fueling the rise. They argue that the S&P 500's ascent above 5,500 represents a new chapter in market history, and further growth is possible.
However, others express caution. They point to potential risks, such as ongoing geopolitical tensions, potential supply chain disruptions, and the possibility that inflation might not be definitively tamed. These factors, they argue, could trigger a market correction in the future.
Investor Takeaways: Navigating the Evolving Market Landscape
Regardless of one's specific viewpoint, this historic event serves as a crucial reminder for investors. It underscores the importance of conducting thorough research, maintaining a diversified portfolio, and having a long-term investment strategy. Investors should also stay informed about economic developments and adjust their strategies accordingly.
The S&P 500 breaching 5,500 is undoubtedly a significant milestone. It reflects a period of exceptional growth for the U.S. stock market, fueled by a combination of strong corporate performance, optimism about inflation, and potential adjustments in monetary policy. However, as with any market rally, there are always underlying risks to consider. By staying informed, maintaining a diversified portfolio, and adhering to a well-defined investment strategy, investors can navigate the evolving market landscape and potentially benefit from the current economic climate.
Tesla - Breakout leading to four digits!NASDAQ:TSLA is attempting to break out of the long term descending triangle consolidation.
If you cannot wait patiently for your textbook setups, there is no chance you will make money trading. For almost four years, Tesla has been consolidating in a huge triangle formation. And it seems like Tesla is finally breaking out towards the upside. This breakout was actually not unexpected at all and provides a very high probability trading opportunity in the near future.
Levels to watch: $250
Keep your long term vision,
Philip - BasicTrading
Tesla Sues Matthews Over EV Battery Trade SecretsTesla ( NASDAQ:TSLA ) has taken legal action against its former supplier, Matthews International, in a California federal court for allegedly stealing trade secrets related to Tesla's battery-manufacturing process and sharing them with Tesla's ( NASDAQ:TSLA ) competitors. The lawsuit, filed in the U.S. District Court for the Northern District of California, claims that Matthews owes damages exceeding $1 billion for misusing Tesla's trade secrets concerning dry electrode battery manufacturing technology.
Matthews, a Pittsburgh-based company that started supplying manufacturing machinery to Tesla ( NASDAQ:TSLA ) in 2019, allegedly shared Tesla's innovations related to dry-electrode coating with unnamed competitors. This technology is crucial for reducing the size, cost, energy consumption, and production cycle time of battery manufacturing plants, while enhancing the energy density and power of battery cells.
According to the lawsuit, Matthews not only shared Tesla's trade secrets but also claimed Tesla's inventions as its own in patent filings, revealing confidential Tesla information. Tesla is seeking the court's intervention to prevent Matthews from further misusing its trade secrets, compel Matthews to surrender its patent applications, and claim monetary damages.
As of now, representatives from Matthews and attorneys and spokespeople from Tesla ( NASDAQ:TSLA ) have not responded to requests for comments on this matter.
Technical Outlook
Tesla Inc. (TSLA) stock is up 4.48% in Monday's market trading with a Relative Strength Index (RSI) of 58.34 which is poised for further gains and if Tesla Inc. should win the case against Matthews we should expect price impact.
Can Humanoid Robots Propel Tesla to a $25 Trillion Market Cap?Elon Musk's Optimus Gambit: Can Humanoid Robots Propel Tesla to a $25 Trillion Market Cap?
Elon Musk, the ever-optimistic CEO of Tesla, sent shockwaves through the financial world at the company's 2024 annual shareholder meeting. He claimed that Tesla's humanoid robots, codenamed Optimus, have the potential to skyrocket the company's market capitalization to a staggering $25 trillion – a figure exceeding half the current value of the entire S&P 500! This ambitious statement has ignited a firestorm of debate, with analysts and investors left to ponder the feasibility of Musk's vision.
Tesla's current market cap sits around $580 billion, a significant achievement but a far cry from Musk's $25 trillion target. To reach that level, Tesla's stock price would need to undergo a monumental increase. For context, the entire S&P 500, a collection of the 500 largest publicly traded companies in the US, boasts a market cap of $45.5 trillion. For a single company to surpass half that value signifies a monumental shift in the technological and economic landscape.
Musk's optimism hinges on the capabilities of Optimus robots. These machines, still under development, are envisioned as general-purpose humanoid robots capable of a wide range of tasks. At the shareholder meeting, Musk offered glimpses of a future where Optimus robots seamlessly integrate into human lives, performing everything from domestic chores and factory work to potentially even childcare and education.
If Tesla can deliver on these promises, the ramifications could be immense. Imagine a world where tireless robots handle repetitive and potentially dangerous tasks, freeing up human labor for more creative and strategic endeavors. Manufacturing could be revolutionized, with robots handling intricate assembly lines with unmatched precision and efficiency. The potential economic benefits are undeniable, and this is likely the vision that fuels Musk's bullish prediction.
However, skepticism abounds. Critics point to the numerous hurdles Tesla needs to overcome before Optimus can become a reality. Developing truly versatile and capable humanoid robots remains a significant technological challenge. The cost of production, the robots' safety and reliability, and the impact on human employment are all significant concerns that need to be addressed.
Furthermore, some analysts argue that Musk's $25 trillion target is simply unrealistic. While Optimus robots hold promise, it's difficult to envision a scenario where they single-handedly propel Tesla to such an unprecedented valuation. The overall market size for humanoid robots and the timeline for widespread adoption are significant uncertainties.
Despite the skepticism, Musk's vision should not be entirely dismissed. Tesla has a history of disrupting industries, and its track record in electric vehicles and autonomous driving is undeniable. If Optimus lives up to its potential, it could become a game-changer, not just for Tesla, but for society as a whole.
The coming years will be crucial in determining the fate of Musk's audacious claim. Tesla will need to demonstrate significant progress on the Optimus project, effectively navigate the technical and ethical challenges, and convince investors of the robots' transformative potential. Whether Optimus becomes the key to a $25 trillion Tesla or remains an ambitious dream is a story that will continue to unfold.