Get started

Tesla Motors (TSLA)

TSLA: Has finally reached its critical support (D & W analysis)!TSLA shares have corrected to the support level we identified in our last public analysis, in the vicinity of the green line at $230, between the 50ma and the 200ma. In fact, it looks like the 200ma is serving as our last support, since the price is bouncing right back after hitting this indicator. The link to my previous public analysis is below this post, as usual. Volume has fallen sharply and TSLA's shares are very weak, as it is the only one among the "magnificent 7" that is not showing any signs of recovery this week. In two weeks the company will release its earnings report, and this will be an important event, but until then, we don't see any technical signs suggesting a bottom. Yes, the price has reached an extremely important support point, but we need to see confirmation of a bottom signal to believe in a decent recovery. Despite the signs of weakness, the price is not in a downtrend yet, for that we need to see LHs/LLs. Now, let’s look at the weekly chart: From a technical point of view, the next resistance is around $300, the previous top. Can TSLA get there? In theory yes, but in practice we need to see a clear bottom signal, as mentioned in the analysis of the daily chart. You have to admit that if TSLA were going to react, now would be the perfect time, we just need confirmation. On the other hand, if the price loses the critical support point on the daily chart, nothing would prevent a sharper correction on the weekly chart, perhaps to its next support around $207, or even to the support line of its Descending Channel. This would frustrate the breakout of the previous resistance of this channel, characterizing a false breakout, a powerful bearish signal. If you ask my personal opinion, I wish to see TSLA making a bottom around this support area, as the Risk/Reward ratio for a long trade would be attractive, however, we see no confirmation yet, and there is no meaningful bullish reaction suggesting a possible recovery yet. I’ll keep you updated on this, so consider following me for more analysis like this, and support this idea if you liked it. All the best, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
9
Falling wedge breakout on TSLA hourlyLooking at the massive falling wedge breakout on TSLA hourly chart. Also notice the oscillator on the Ultimate RSI, just crossed north of 50 and looks like it wants to retest those +70 levels once again. The next supply zone sitting at $240-$242, if we break through that the next zone after that will be $248-$250, and if we break that we should see $255-$265. If not we will break back down to demand at $235-$230. This and NVDA breaking out, along with AAPL could bring a nice lift back up for SPY...
NASDAQ:TSLALong
by impossiblebull
5
Tesla - Expecting The BreakoutHello Traders, welcome to today's analysis of Tesla. -------- Explanation of my video analysis: All the way back in 2019 Tesla broke out of a longer term falling triangle formation. This breakout was followed by a crazy pump of more than 1.500%. At the moment Tesla is once again forming a falling triangle formation and if Tesla breaks above the resistance trendline which I mentioned in my analysis, we could certainly see another crazy rally with new all time highs. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:TSLA
by basictradingtv
16
TESLA: Trading plan.TSLA has turned neutral on the 1D technical outlook (RSI = 46.287, MACD = 3.350, ADX = 20.984) as it dropped to its 1D MA50. On the short term the most optimal buy entry is at the bottom of the Channel Up (TP = 279.00). If it breaks, we will sell towards the S1 level (TP = 206.15). The next long term buy (again to target 279.00), will be when the 1D RSI forms HL (as in the last two bottoms). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLA
by InvestingScope
1
Cathie Wood’s Ark Invest Sells Coinbase, Buy Tesla ($TSLA) In a recent bold move, Cathie Wood's Ark Invest has strategically reallocated its investment portfolio, selling off millions of dollars worth of Coinbase ( NASDAQ:COIN ) shares amidst a crypto market downturn and acquiring substantial positions in Tesla ( NASDAQ:TSLA ) stocks. This strategic shift reflects Ark Invest's active fund management approach and presents an intriguing narrative for potential Tesla investors. Ark Invest's Coinbase (COIN) Divestment: On January 2, Ark Invest, led by prominent investor Cathie Wood, sold a significant portion of its Coinbase holdings, offloading 166,183 NASDAQ:COIN shares worth over $25.3 million. The move coincided with a challenging period for the crypto market, marked by a substantial decline in Coinbase's stock price from a recent high of $187.39. The decision to divest from Coinbase seems to align with Cathie Wood's apparent bearish stance on Bitcoin, anticipating a market correction following the potential approval of spot Bitcoin ETFs by the SEC on January 10. Strategic Purchase of Tesla ( NASDAQ:TSLA ) Stocks: Simultaneously, Ark Invest strategically utilized the proceeds from the Coinbase share sales to acquire Tesla ( NASDAQ:TSLA ) stocks, increasing its holdings by purchasing a total of 105,201 NASDAQ:TSLA shares worth nearly $25.3 million. This move not only underscores Ark Invest's dynamic investment strategy but also positions Tesla as a key focus for the firm. Reasons to Consider Tesla Stock: 1.Strategic Allocation of Funds: - The reallocation of funds from Coinbase to Tesla suggests that Ark Invest sees considerable potential in Tesla's growth prospects, despite the short-term challenges faced by the electric vehicle (EV) sector. 2. Market Trends and Technical Analysis: - Despite a 4.01% decline in Tesla's stock price on Thursday, technical indicators such as trading above the 200th, 100th, and 50th day Moving Averages signal a potential trend reversal. 3. Long-Term Vision for Electric Vehicles: - Tesla remains a frontrunner in the electric vehicle market, with an established brand, innovative technology, and a global footprint. As the world continues to shift towards sustainable energy solutions, Tesla's long-term vision aligns with the growing demand for electric vehicles. 4. Innovations and Future Catalysts: - The company's ongoing commitment to innovation, including advancements in autonomous driving technology and plans for new vehicle models, positions Tesla as a key player in the evolving landscape of the automotive industry. Conclusion: Cathie Wood's Ark Invest has made a strategic and notable move by selling off Coinbase shares to bolster its holdings in Tesla. This shift not only reflects Ark Invest's proactive approach to portfolio management but also highlights the firm's confidence in Tesla's potential for future growth.
NASDAQ:TSLALong
by DEXWireNews
TSLA: Approaching a major turning point.TSLA's shares are collapsing, even though the company is beating vehicle delivery expectations. This can be explained by the fierce competition coming from China, as TSLA lost its position as the world's biggest seller of electric cars to BYD in the last four months of 2023 - even though the American company managed to beat its own expectations. This not only affects TSLA, but also the shares of RIVN and LCID, the former of which also managed to exceed expectations for vehicle production. From a technical point of view, the price could fall to the next support level in the next few days, around $230 . The price is already entering a short-term downtrend , as it has lost the 21 EMA, and in the absence of a clear bullish reaction that could reverse sentiment, this is the most likely scenario. What should the price do so it can reverse this bearish sentiment? It would be nice to see a clear reversal candlestick, closing above the 21 EMA again . So far, there are no technical buy signals in my view. Are there any other possible support points? Yes, we see the 50-period and 200-period averages very close to each other, also in the $230 area mentioned earlier, reinforcing the idea that $230 could be an important support for TSLA . It would be important to see the price react above this area to avoid a Death Cross (when the 50MA breaks the 200MA downwards). A warning sign is the divergence between the RSI and the price. While the price was making higher tops, the RSI was already making lower tops, as evidenced by the red arrows in the chart above. In addition, the RSI is already losing its support levels, while the price is still above them (green lines). This can be characterized as an Advanced Breakout (when an indicator anticipates a breakout in price). For now, TSLA shares are in correction territory, and although we see a promising support zone near $230, I don't see any technical evidence that convinces me of a bullish reversal at the moment. I'll keep you updated on this, so remember to follow me for more daily analysis like this, and support this idea if you like it or learn something new here. All the best, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
Tesla's Record-Breaking Q4 Deliver Strong Momentum for Investors In the dynamic world of electric vehicles, Tesla ( NASDAQ:TSLA ) has once again proven its resilience and dominance with a groundbreaking fourth quarter, setting new delivery records and meeting its ambitious 2023 targets. Despite facing headwinds in the third quarter, Tesla's recent performance has not only surpassed market expectations but also highlighted its ability to navigate challenges and maintain an upward trajectory. Record-Breaking Deliveries: Tesla reported a staggering 484,507 deliveries in Q4, surpassing Street estimates and setting an all-time quarterly record. This figure not only exceeded the previous record set in Q2 of last year by nearly 20,000 units but also demonstrated Tesla's unwavering commitment to meeting growing global demand for electric vehicles. Production Excellence: From a production standpoint, Tesla produced 494,989 vehicles, comfortably surpassing estimates and showcasing the company's manufacturing prowess. The production of 476,777 high-volume Model 3 and Model Y EVs alone exceeded expectations, indicating Tesla's ability to scale its operations efficiently. Year-Over-Year Growth: In 2023, Tesla reported impressive year-over-year growth, with vehicle deliveries increasing by 38% to 1.81 million and production growing by 35% to 1.85 million. Although the delivery growth rate fell slightly below the 50% compound annual growth rate (CAGR) target, Tesla attributed this to necessary factory shutdowns and improvements in Q3, demonstrating a strategic focus on long-term sustainability. Global Market Dynamics: While Tesla faced increased competition, particularly in China, where it was recently dethroned as the global EV leader by BYD in Q4, the company's robust performance in its key markets remains noteworthy. The global EV landscape is evolving, and Tesla's continued growth in established and emerging markets positions it as a formidable player in the industry. China Market Stability: Despite challenges in the Chinese market, Tesla weathered the storm with stable pricing and even witnessed an increase in China during the quarter. This stability is a testament to Tesla's adaptability and resilience in a market known for its volatility. Analysts believe that the calm period in China is favorable for Tesla bulls, offering a positive outlook for the company's future. Analyst Endorsement: Wedbush analyst Dan Ives expressed optimism in a note to clients, stating, "This was an important quarter for Tesla to show strong deliveries with clear momentum into 2024 as demand has upticked since 3Q based on all our global checks." Ives emphasized that hitting 1.8 million vehicles for 2023 was a major achievement, especially in a challenging macro environment for EVs. Technical Analysis Insights: From a technical analysis perspective, Tesla's stock is currently in a falling trend channel in the medium long term. While falling trends often indicate negative development, it's essential to note that Tesla has faced similar trends in the past only to rebound strongly. The stock has identified support at $214 and resistance at $276, providing investors with clear levels to monitor. In conclusion, Tesla's exceptional Q4 performance has solidified its position as a leading player in the electric vehicle market. The company's ability to overcome challenges, coupled with impressive production and delivery figures, paints a compelling picture for investors looking to capitalize on the future of sustainable transportation. Despite short-term technical trends, the long-term growth prospects for Tesla remain promising, making it an opportune time for investors to consider adding NASDAQ:TSLA to their portfolios.
NASDAQ:TSLALong
by DEXWireNews
Jan 1 2024 - a look at TSLA - breaking through a long resistanceHere I can see that we are getting close to my 2 to 3 year, long resistance, line and that it looks like we’re about to break through if we do that’s wonderful. I would say that I haven’t bought enough if we don’t that’s wonderful I would say I’m excited to buy more it’s not about the definition of where it’s going it’s about watching and predicting the entering exit points always there is only one version of long-term and that is you buy and you don’t look at the marketand this is more for daytrading and swing trading and shorter term trading where you buy and sell and buy and sell and so I look at that on both sides. I look at the long term where I put in 50% of my investment for a long-term gain but in that same investment if I hit points where I see strong resistance, I’m gonna sell part of that take profit let it drop and buy more so we’re looking at that today January 1, 2024.
NASDAQ:TSLA
by mindfree