Get started

Tesla Motors (TSLA)

TSLA Analysis: Price Recovers after Disastrous ReportTSLA Analysis: Price Recovers after Disastrous Report We previously wrote that lower vehicle deliveries could lower TSLA's stock price. And as it became known on Tuesday, Tesla, led by Elon Musk, delivered just 386,810 cars in the first three months of 2024 - 14% below analysts' forecasts, according to Bloomberg. As a result, Tesla shares fell 4.9% that day, extending their 2024 decline to 33%, the worst performance in the Nasdaq 100 Index. What is the market outlook? Bullish arguments: → After a strong disappointment on Tuesday, the price of TSLA showed signs of stability on Wednesday and Thursday. Since these were bullish candles, and the market was recovering despite the non-bearish gap on Tuesday, this can be interpreted as a sign of demand. → From the point of view of technical analysis, the market is supported by the lower border of the downward channel (shown in red). The price forms rebounds from this border, as shown by the arrows. → Bloomberg writes about a decrease in the number of short positions after the report on Tuesday. This could be a sign that short position holders do not see any further decline in the price of TSLA and are taking profits. Bearish arguments: → TSLA price is still in the lower half of the downward channel, despite the bullish sentiment in the stock market. → Resistance may come from the level of USD 183 per share and the median line of the descending channel. If the bears continue to dominate, the price of TSLA could fall towards the psychological level of USD 150 per share. But the balance of sentiment may be changed by the release of Tesla’s first-quarter reports, scheduled for April 17. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:TSLA
by FXOpen
1
Navigating the Bearish Currents - A Technical Perspective.Tesla, Inc. (TSLA): Technical Analysis Report In the context of Tesla's current weekly price action, a convergence of bearish indicators warrants a cautious stance. The stock, last recorded at $171.11, hovers at the precipice of the lower Bollinger Band, traditionally a demarcation of oversold conditions, yet the band's expansion underscores prevailing volatility rather than a definitive bullish reversal signal. A scrutiny of moving averages reveals that the price trajectory has decisively punctured the 20-week SMA, currently positioned at $267.99, which has historically served as a dynamic fulcrum between bullish and bearish phases. This recent downturn beneath the SMA augments the bearish thesis. The Fibonacci retracement levels, extrapolated from the nadir of March 2020 to the zenith in November 2021, denote a breach of the pivotal 61.8% level. Market orthodoxy suggests this breach could potentially precipitate a further decline towards the 78.6% Fibonacci level, a juncture that has yet to be tested. An examination of volume patterns accentuates the bearish narrative, with a conspicuous predominance of selling pressure evident in the recent spate of weeks. This is exemplified by a succession of red volume bars, each eclipsing their green counterparts, denoting the intensity of the distribution phase. Complementing the price-volume action, the Relative Strength Index (RSI) teeters on the edge of the oversold threshold at 37.86. While not yet signaling a capitulation, its proximity to the oversold territory may portend a potential inflection point should a further descent materialize. In juxtaposition to the technical indicators, Tesla's financial health, as intimated by its net income trajectory, reveals a disconcerting downtrend in quarterly performance. This fundamental aspect, in tandem with technical pressures, compounds the case for a guarded outlook. In synthesis, Tesla's technical posture is marred by bearish undertones, with multiple indicators corroborating a scenario ripe for continued retracement. Vigilance is advised around the 78.6% Fibonacci level, which may offer a sanctuary for price stabilization. Traders and investors alike should remain attuned to volume fluctuations and RSI readings for early signs of a trend reversal or consolidation. Notwithstanding, the intersection of technical adversity and waning financial metrics prescribes a strategy of prudence and stringent risk management.
NASDAQ:TSLA
by AxiomEx
1
Relative Strength between NVDA and TSLA about to shift.Head and Should Pattern on TSLA/NVDA chart. This chart basically shows the relative strength between these two stocks, if we have a follow through tomorrow. TSLA will outrun NVDA in the short-term. Meaning: 1. If we are going to have a bounce tomorrow, TSLA will most likely to outrun NVDA. 2. If Non-Farm and Unemployment rate kill the market tomorrow, TSLA will most likely to drop less than NVDA. However, I think SOXL is currently sitting at the trendline support. I think bounce is imminent in the near term.
NASDAQ:TSLALong
by Caidan
The double zigzag pattern will be completed or slightly expandedDear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it. I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision. I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily. I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him. Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, Mr. Nobody
PYTH:TSLALong
by mehdi47abbasi79
1.2 & 1.2 Bullish Market Pattern Analysis Weekly OutlookDear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it. I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision. I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily. I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him. Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, Mr. Nobody
NASDAQ:TSLALong
by mehdi47abbasi79
6
Tesla's Alternate Scenario 📈🔍Regrettably, our Tesla trade within the 2-hour timeframe faced an unexpected stop-out. The anticipated completion of Wave 2 hasn't manifested, evident in the broader timeframe. Initially, we presumed it concluded at 50%, specifically at Wave C around $195. This presumption was invalidated post the recent earnings call, signaling a potential double correction. Consequently, we envisage establishing the bottom for Wave 2 within the range of 61.8% and 78.6%. Should this support falter, the price may decline, reaching at least $100. A breach below this level introduces an entirely different narrative for Tesla. It is crucial for the level to hold; otherwise, the bullish scenario could be flawed and invalidated. In the midst of selling pressure, opportunities often emerge, particularly during a Wave 2 correction. It is characteristic that circumstances may appear more challenging than when Tesla was valued at $100. Therefore, our expectation revolves around a reversal between $177 and $144, paving the way for a subsequent surge towards $500. 📈🔍
NASDAQ:TSLALong
by stromm_by_wmc
TESLA: Bottom is being priced. $470 end of year possible.Tesla is bearish on all long term timeframes 1D, 1W and 1M. The lowest RSI is on the 1W technical outlook (RSI = 37.118, MACD = -15.730, ADX = 32.394), which is the chart we focus today on. The stock has been inside a Channel Down since the July 2023 High, which was Lower High on the LH trendline that started on the ATH. We have spotted a striking resemblance of that pattern with 2014-2016. That pattern found support after the LH rejection on the 0.618 Fibonacci level and then rebounded aggressively to a new ATH on the 1.382 Fibonacci extension level from the pattern's Low. That rise was slightly greater than the last LH (+116.98% agains 91.32%). Tesla is on today's pattern very close to the 0.618 Fibonacci level, so we see it as a unique long term technical buy opportunity despite the recent negative fundamentals, which are being priced in since the start of the year. If you don't want to target as high as the 1.382 Fibonacci extension, take a more 'modest' approach and go for the analogous +195.79% rise, same as the last LH rally (TP = $470.00). Unique long term buy opportunity indeed to buy the industry leader. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLALong
by InvestingScope
Tesla's Production Numbers in Last QuarterI wanted to bring to your attention the recent news regarding Tesla's Q1 2024 deliveries. There are reports that deliveries fell short of expectations compared to the previous quarter. This development, along with concerns about the economy and evolving consumer preferences in the electric vehicle market, could have an impact on Tesla's stock price. It's important to consider this news along with other factors, such as Tesla's long-term position in the EV space and overall market conditions when making investment decisions. As always, it is important to conduct thorough research and analysis before making any investment decisions. Please feel free to reach out in the comments if you have any questions or would like to discuss this further.
NASDAQ:TSLAShort
by bryandowningqln
Tesla Faces Headwinds as Q1 Deliveries Fall: What Lies Ahead?Tesla ( NASDAQ:TSLA ), the electric vehicle (EV) pioneer, finds itself navigating choppy waters as it reports a decline in first-quarter deliveries, sending its stock tumbling in early trading. With 386,810 deliveries, an 8.5% decrease from the same period last year, Tesla's performance has raised concerns among investors and analysts alike. The company attributes the decline in volumes to several factors, including the early phase of production ramp-up for the updated Model 3 at its Fremont factory and disruptions caused by external events such as the Red Sea conflict and an arson attack at Gigafactory Berlin. These challenges highlight the vulnerability of Tesla's global supply chain to geopolitical tensions and unforeseen incidents, underscoring the need for resilience in an increasingly complex operating environment. Moreover, reports of decreased production at Tesla's Shanghai factory raise additional questions about the company's growth trajectory. While Tesla's China-made vehicle sales remained flat year-over-year, despite a 33% increase in overall industry sales in China, the EV maker faces stiff competition from local rivals and mounting pressure to maintain its market share in the world's largest automotive market. Chinese EV brands like BYD and Nio are aggressively expanding into new markets, posing a formidable challenge to Tesla's dominance. As these competitors gain traction both at home and abroad, Tesla ( NASDAQ:TSLA ) must reassess its strategy to retain its competitive edge and sustain growth in the face of intensifying competition. The upcoming quarterly earnings report scheduled for April 23 presents a critical opportunity for Tesla ( NASDAQ:TSLA ) to reassure investors and reverse the downward trend in its stock price. Analyst opinions on Tesla's prospects remain divided, with some questioning the company's growth prospects amid mounting challenges, while others view the recent selloff as an overreaction, presenting an attractive buying opportunity for long-term investors. However, the road ahead for Tesla ( NASDAQ:TSLA ) is fraught with uncertainty, as it grapples with supply chain disruptions, geopolitical risks, and increasing competition in key markets. As the EV industry continues to evolve rapidly, Tesla must demonstrate its ability to adapt to changing dynamics and deliver on its promise of revolutionizing the automotive industry. Ultimately, Tesla's success hinges on its ability to navigate these challenges effectively and capitalize on emerging opportunities in the rapidly evolving EV landscape. While the recent downturn in stock price may dampen short-term sentiment, long-term investors may view this as a potential buying opportunity, betting on Tesla's innovative capabilities and disruptive potential to drive future growth. Technical Outlook Tesla ( NASDAQ:TSLA ) is Trading below its 200, 100 & 50-day Moving Averages (MA) respectively with a negative Relative Strength Index (RSI) of 37. indicating an oversold condition for Tesla ( NASDAQ:TSLA ) amidst market volatility.
NASDAQ:TSLAShort
by DEXWireNews
TSLA Back at the $164.76 Support LineNASDAQ:TSLA is having a steep decline after failing to meet expectations for Q1 deliveries. The price is back at the $164.76 price level at the white support line. I think there could be a rebound here, and I would monitor the white trendline to see if the price level holds and rebounds in the short term. I think TSLA had a bearish Q1 performance, and there could be a dip into the $150 price levels before TSLA has a recovery. I think TSLA is likely to be bullish in Q2 so I'm looking for an entry over the next few weeks for a swing trade.
NASDAQ:TSLALong
by realchartchamp
TESLA Macro ABC Potential $70Looking at a daily chart for Tesla we can see what has the potential for being a ABC correction wave from its drop last year. While the current trend is still bullish a lower high or a brake of the last high, grabbing the liquidity above, with a wick back below would be a clear indication that a pull back to the main trend is possibly on it's way. The previous all time high has a clear swing failure pattern by braking above its previous high dropping back below it and then retesting the same level with a rejection. IF price manages to make its way back to the main trend it will have an opportunity to redeem it's self but a brake of the main trend would be another clear indication of more potential down side. For down side targets the next support level below the current low is also corresponding with a previous fair value gap and the golden pocket retrace level of 50-61.8%. This evaluation has nothing to do with the viability of TESLA or its future but is rather a expression of the liquidity cycle; based on the value of and availability of the currencies used to purchase these assets.
NASDAQ:TSLAShort
by Degen-Dynasty
3
Is The EV Hype Over? How The Fed Is Destroying TeslaThe first quarter of 2024 is now over, closing in a record +10% YTD rally and an exceptional +43% YOY increase in the QQQ. Despite the markets pushing higher, Tesla is experiencing significant challenges, with a -30% decrease YTD and a -9% decline YOY. This performance has positioned Tesla as the worst performing megacap so far. Given these circumstances, it's essential to delve into both macroeconomic factors and technical analysis to understand what has happened and what is likely to happen moving forward. The Macroeconomic Impact on Tesla Two years ago, the Federal Reserve initiated a historic rate-hiking cycle, increasing interest rates from 0% to 5.5% within just over a year and maintaining this rate since July 2023. This shift in monetary policy has notably affected car financing rates, now at 8.2% for a five-year loan, which significantly discourages consumers from buying new vehicles, especially EVs. The chart clearly illustrates an inverse correlation between Tesla stock and interest rates. Moreover, Tesla has operated exclusively during periods of historically low interest rates. Despite the Federal Reserve pausing rate hikes nine months ago, the interest rate on car loans continues to rise. Further examination of inflation trends indicates that most common inflation measures have either plateaued or slowed their pace of deceleration, at a level inconsistent with the Fed's 2% inflation target. The M2 money supply and inflation expectations are critical indicators for predicting the direction of inflation. The peak in the headline Consumer Price Index (CPI) followed the peak in M2 YOY by 16 months, recently bottoming just three months before CPI YOY stopped making progress to the downside. This lagged correlation suggests that headline CPI is unlikely to continue its strong downward trend moving forward. Moreover, inflation expectations, which remain well anchored, have also appeared to stop making progress to the downside, all remaining above 2%. This, combined with unchanged interest rates for nine months, suggests that the neutral rate of interest must be significantly higher than the pre-COVID trend. Historically, recessions have played a key role in helping the Fed bring down inflation to their 2% target. However, current economic indicators, including low unemployment levels and easy financial conditions, suggest that a recession is unlikely in the near future, despite the fed funds rate staying unchanged at a two-decade high. The Chicago Fed National Financial Conditions Index (NFCI) captures the stimulative effects on the economy from the U.S. government's expansive fiscal policy. By borrowing and spending trillions directly from the Reverse Repo (RRP), the U.S. government has ingeniously counterbalanced the constrictive effects of tighter monetary policy without exerting upward pressure on long-term yields. The prolonged inversion of the yield curve, significantly extended by the U.S. government's financial strategies, could mark this cycle as having the longest inversion in history. Typically, a steepening yield curve is a precursor to higher unemployment and economic recession. However, the steepening of the yield curve remains unlikely in the short term, with excess reserves still available in the RRP and the Treasury General Account (TGA). With the U.S. employment sector still robust, showing historically low unemployment levels and low initial and continued claims, the likelihood of a significant uptrend in the unemployment rate seems low, as job openings are absorbing most of the excess labor supply and still remain well above the historical trend. This suggests that the fed funds rate may remain at around 5% this year, maintaining car loan rates at a higher level for an extended period and consequently making EVs increasingly less affordable for the average consumer. This scenario is likely to lead to a continuation of price cuts and greater margin contractions. Tesla's Technical Analysis Outlook From a technical analysis perspective, Tesla stock faced rejection at the $205 horizontal resistance line and might be rejected from the $180 level, marked by the 0.236 Fibonacci level. The next significant support level is at $155, with a possibility of revisiting the January 2023 low of $110, given Tesla's stock has been in a downward trend ever since November 2021. From a trend-based perspective, we can clearly see that TSLA stock is in a strong downtrend both in the 4H and daily timeframe with the EMAs and 20- week SMA trending lower. Despite this unfavourable outlook, caution is advised when considering short positions in Tesla due to its market dominance and relatively stable financial position, making it a riskier target than other less financially secure EV manufacturers. Concluding Thoughts While the broader market demonstrates resilience, the Federal Reserve's monetary policy is significantly shaping the EVs industry future. With the economy likely transitioning away from historically low interest rates into a higher interest rate environment, caution is advised. Investors may benefit from considering less interest-rate-sensitive options until a clearer picture of the inflationary landscape and its impact on the economy emerges. Disclaimer: This article is for informational and educational purposes only and should not be construed as investment advice.
NASDAQ:TSLAShort
by ingeforberg
2
Tesla Raises Prices of Model Y Cars in US by $1,000 Tesla ( NASDAQ:TSLA ) has announced a significant price increase for its Model Y lineup in the US amidst economic turbulence. The decision comes amid supply chain disruptions and inflationary pressures, indicating a strategic move by the electric vehicle giant to navigate through challenging market conditions. Price Adjustment Amid Economic Headwinds: Tesla has raised the prices of all Model Y cars in the US by $1,000, reflecting the company's proactive stance in managing its margins amidst rising costs. The move highlights the delicate balance between maintaining profitability and meeting consumer demand. Impact on Consumer Sentiment and Demand: While the price increase could deter some potential buyers, Tesla's loyal customers and high demand for its vehicles suggest that the effect on sales may be minimal. However, budget-conscious consumers may consider alternative electric vehicle options due to affordability concerns. Investor Implications and Market Response: Investors are closely monitoring Tesla's pricing strategies to assess the company's ability to navigate through the current economic landscape. The price adjustment may be viewed as a prudent measure to safeguard margins, but it also underscores the broader challenges facing the automotive industry. Strategic Decision-Making Amid Uncertainty: Tesla's decision to implement the price hike aligns with its long-term strategy of prioritizing sustainable growth and profitability. By adjusting prices in response to market dynamics, Tesla demonstrates its agility and resilience in adapting to changing economic conditions. Long-Term Outlook and Investor Confidence: Despite short-term fluctuations, Tesla's focus on innovation and its dominance in the electric vehicle market continue to inspire confidence among investors. The company's efforts to expand its product portfolio, enhance manufacturing efficiency, and advance autonomous driving technology position it favorably for long-term success. Conclusion: Tesla's ( NASDAQ:TSLA ) decision to raise prices for its Model Y cars reflects the company's proactive approach to managing economic headwinds. Although the move may pose short-term challenges, Tesla's resilience and strategic vision bode well for its prospects in the dynamic automotive landscape. As investors assess the implications of this price increase, Tesla remains a key player to watch in the evolving electric vehicle market.
NASDAQ:TSLA
by DEXWireNews
TESLA Can it break the 1D MA50 and sustain an uptrend?Tesla has been trading within a Bearish Megaphone pattern since the July 19 2023 High. The recent Low (March 14 2024) came very close to the 152.50 Support, which is the April 27 2023 Low. This shows just how strong the current bearish structure is. Medium-term traders/ investors can expect a sustainable uptrend only when the 1D MA50 (blue trend-line) breaks, which has been the Resistance all this time since January 09 2024 (almost 3 months). If it does break above it, we expect a +41.50% rise from the bottom (+5% more than the previous Bullish Leg), targeting $225.00. That is considered conservative based on the margins of the Bearish Megaphone as the previous two Lower Highs were priced on the 0.786 Fibonacci retracement level. The fact that the 1D MACD has already formed a Bullish Cross below the 0.00 level, favors statistically the upside case, as in the past 12 months such a signal failed to break above the 1D MA50 only once out of 4 times in total. Until it does break it though, the trend remains bearish short-term towards Support 1 (152.50). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLA
by TradingShot
Tesla Offers Free Trial Period for Full Self-DrivingTesla Inc. has launched a trial period for its Full Self-Driving (FSD) technology to US customers, enabling them to test the service regardless of whether they have purchased FSD. Owners of Tesla vehicles meeting FSD requirements, including those who bought their electric cars earlier, are also encouraged to participate. With the installation of Full Self-Driving priced at 12,000 USD, Tesla anticipates that some customers will choose to pay for FSD after the trial period, potentially boosting the company's revenue and net profit. Tesla's sales volumes and margins are under pressure due to price competition with other manufacturers and decreasing demand. Given these developments, an analysis of Tesla Inc.'s (TSLA) stock chart is warranted. On the daily (D1) timeframe, a support level was established at 160.51 USD, with resistance at 182.87 USD. An attempt to break the downward trend is underway, and breaching the 182.87 USD resistance would indicate the start of an upward trend. On the hourly (H1) timeframe, long positions might be of interest after breaking through the 182.87 USD level, with a short-term target at 205.60 USD. Maintaining a long position up to 233.87 USD could be considered in the medium term. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:TSLA
by RoboMarkets