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Tesla Takes Flight: Is China's Approval Enough to Go Long? Tesla's stock price recently soared after receiving "in-principle" approval from Chinese authorities to deploy its driver-assistance system in the world's largest auto market. This news undoubtedly fueled investor optimism, but is it enough justification to take a long position on Tesla stock (TSLA)? Let's delve deeper into the implications and weigh the risks before making a call. China's Green Light: A Major Tailwind China's tentative approval for Tesla's driver-assistance system is a significant development. China represents a crucial battleground for electric vehicle (EV) manufacturers, and Tesla has faced stiff competition from domestic players like BYD. Gaining official sanction for its advanced driving system removes a potential hurdle and paves the way for increased sales in China. This could significantly boost Tesla's revenue and profitability in the long run. Beyond China: A Broader Growth Story Tesla's appeal extends far beyond China. The company remains a leader in the EV revolution, continuously innovating and expanding its product line. With the Cybertruck launch and the ongoing success of Model 3 and Model Y, Tesla is well-positioned to capitalize on the growing global demand for EVs. Additionally, Tesla's focus on autonomous driving technology positions it at the forefront of a potentially transformative industry shift. Risks to Consider: Not All Sunshine and Self-Driving Cars While the China news is positive, there are factors to consider before going all-in on Tesla. Regulatory hurdles remain, with the final details and limitations of the driver-assistance system approval in China still unknown. Additionally, competition in the EV space is fierce and constantly evolving. Established automakers are rapidly entering the fray, and new startups are nipping at Tesla's heels. Furthermore, Tesla faces ongoing challenges related to production issues, battery supply chain constraints, and potential safety concerns surrounding its Autopilot technology. These factors can lead to stock price volatility and production delays. Beyond the Headlines: Look at the Fundamentals Making a sound investment decision requires looking beyond just the latest headlines. Here are some key metrics to consider for Tesla: • Valuation: Tesla currently trades at a high valuation compared to traditional automakers. This implies that the market has already priced in a lot of future growth potential. • Overall Market Conditions: The broader stock market can significantly impact Tesla's share price. Investors should be aware of potential economic downturns that could affect growth stocks like Tesla disproportionately. The Verdict: A Calculated Approach, Not a Blind Leap China's approval for Tesla's driver-assistance system is undoubtedly positive news. However, it's just one piece of the puzzle. Investors considering a long position on Tesla should conduct thorough research, understand the inherent risks involved, and carefully evaluate their risk tolerance. A diversified portfolio with exposure to other EV players and established automakers might be a prudent strategy. Tesla is a company with immense potential, but its future success is not guaranteed. A well-informed and measured approach is crucial before taking a long position on TSLA.
NASDAQ:TSLA
by bryandowningqln
Tesla Stock in Limbo: A 43% Plunge Leaves Investors Wary Ahead oTesla, once the undisputed champion of the electric vehicle (EV) market, finds itself in a precarious position. The company's stock price has been on a downward spiral, tumbling nearly 43% in the last month. This dramatic decline has left investors apprehensive as Tesla prepares to report its earnings. Several factors are contributing to the bearish sentiment surrounding Tesla. Firstly, concerns are swirling about the company's business strategy. Sales of electric vehicles have dipped, raising questions about whether Tesla can maintain its growth trajectory. The much-anticipated Cybertruck has yet to materialize, and delays in the rollout of the cheaper electric vehicle have further dampened investor enthusiasm. Elon Musk, Tesla's enigmatic CEO, hasn't helped matters. His focus on ventures outside of Tesla, coupled with his penchant for making controversial pronouncements, has sown seeds of doubt among some investors. They worry that Musk's attention is divided, potentially hindering Tesla's ability to navigate the increasingly competitive EV landscape. Adding to the woes is the overall market correction. Rising interest rates and inflation have dampened investor appetite for growth stocks, a category Tesla once dominated. Tesla's lofty valuation, currently sitting at nearly 47 times forward earnings, also makes it a prime target for a sell-off. This high valuation is particularly concerning given the recent sales slump and the uncertain outlook for the EV market. However, there is a silver lining. The recent plunge has pushed Tesla's stock price into what some analysts call "no man's land." This means there's a significant gap between the current price and potential downside. While the stock could fall further, the dramatic decline has already priced in a considerable amount of negativity. This could pave the way for a "relief rally" if Tesla's earnings report isn't a complete disaster. Some analysts believe the negative sentiment has been overblown. They argue that Tesla's brand recognition and technological prowess still position it well for the future. The upcoming launch of the Robotaxi service in August could be a game-changer, generating new revenue streams and reigniting investor confidence. The coming weeks will be crucial for Tesla. The earnings report will be a watershed moment, determining whether the company can regain its footing or succumb to the current headwinds. Investors will be keenly watching for any signs of a turnaround in sales, updates on the Cybertruck and the cheaper EV rollout, and any concrete plans for the Robotaxi service. Tesla's story is far from over. The company's future hinges on its ability to navigate the current challenges, deliver on its promises, and adapt to the evolving EV market. Only time will tell if Tesla can emerge from this "no man's land" and reclaim its pole position in the electric vehicle revolution.
NASDAQ:TSLAShort
by bryandowningqln
Tesla Loses Half-Trillion Dollar Shine: Bulls Feeling the SqueezTesla, the electric vehicle (EV) pioneer, has hit a rough patch in 2024. This week, the company's market valuation slipped below $500 billion, marking a significant blow to investors who had placed big bets on Tesla's continued growth. Several factors seem to be contributing to Tesla's woes. Firstly, concerns are mounting about the company's ability to maintain its breakneck growth trajectory. Recent reports indicate weaker-than-expected sales figures, leading some analysts to question whether Tesla can meet its ambitious production targets. Adding fuel to the fire, Tesla announced a round of job cuts this week, further amplifying anxieties about slowing growth. is decline coincides with a broader slump in the company's stock price, which has shed a staggering 37% so far this year. Secondly, a recent exodus of high-ranking executives has rattled investor confidence. Several key figures have departed Tesla in recent months, leaving a void in leadership This instability at the top management level has cast a shadow over the company's future direction. These developments have significantly dampened the enthusiasm of investors who had previously been bullish on Tesla. The company's stock has become one of the worst performers on the prestigious S&P 500 Index in 2024, erasing a colossal $290 billion in shareholder wealth. This decline marks a stark turnaround from the meteoric rise Tesla experienced in previous years, when its stock price soared on the promise of a revolutionary electric vehicle future. However, some analysts remain optimistic about Tesla's long-term prospects. They point to the company's continued innovation in battery technology and its lead in the EV market as reasons for hope. They argue that the recent stock price slump presents a buying opportunity for those with a long-term investment horizon. "Tesla has been through disasters before," said one analyst, "We maintain our outperform rating on the stock." This sentiment is echoed by others who believe that Tesla's core strengths remain unmatched and that the current challenges are merely temporary hurdles. Only time will tell whether Tesla can weather this storm and reclaim its former glory. The coming months will be crucial as the company strives to address concerns about slowing growth, leadership changes, and a softening market. Tesla's ability to reignite investor confidence and reignite sales growth will determine whether the bulls can once again take the reins.
NASDAQ:TSLAShort
by bryandowningqln
$TSLA - BULLISH FIB Extension $504.51 and $753.38TSLA is trading at a potential bullish double bottom which could bounce off its 4 year support level around the mid $160s. If it bounces on the weekly, look for a continued bull trend. By applying a Fib extension, look for a price objective potential of hitting $504.51 and $753.38 in the foreseeable future from a technical setup. TSLA is currently in a 4 year consolidation period, watch for a breakout to all time highs if it takes out the $260s after a potential double bottom reversal.
NASDAQ:TSLALong
by TheTradingStar
15
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
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
TSLA Rebounds from $164.76 Support LevelMy TSLA forecast has been one of my most accurate predictions so far, and TSLA has reached the $164.76 price target discussed in my previous updates. NASDAQ:TSLA initially dipped below the $164.76 support level, but had a bullish rebound at the support line. TSLA is red today, but could be forming a bullish retest of the $164.76 support line. I would keep an eye on the $164.76 support level on the way down to see if it holds or whether TSLA loses support here.
NASDAQ:TSLA
by realchartchamp
TSLA at weekly support, likely to bounce to at least 200 areaThe price had hit the weekly support WS1 after getting rejected from weekly resistance WR1. After hitting WS1, the price has bounced and I believe this bounce will continue towards weekly resistance WR1. Therefore, this present an opportunity to go long on this one for the target at least to the weekly resistance WR1. There is a possibility of it breaking this resistance and move towards monthly resistance MR1. However, we shall re-evaluate the price action in case it reaches to the first target at WR1.
NASDAQ:TSLALong
by angela_altair
More Pain for TSLA - $165 or LowerI get a lot of questions about TSLA, and I can tell that many of you are eager to buy this TSLA dip. However, I'm seeing a lot of bearish signs for TSLA and I don't think there will be a buy opportunity any time soon. The green support level has flipped into resistance, and TSLA is forming a strong move down this week. I have $164.76 as a key price target for a rebound. I think TSLA and the EV market are weak right now, we can see lower prices over the next few months.
NASDAQ:TSLAShort
by realchartchamp
TESLA GOING PARABOLICTesla might goes back to 630$. This is my longshot view on tesla stocks. This idea base on the previous parabolic moves, but most likely it will break the previous high, the definition of Pre-supply being dump before since 101.8$, if you're a Volume trading then look on the previous, price automatically reacts to it. The longshot means its for swing stocks holder, this idea is for your eyes only, Hold it or trade it. This is not a financial advice, this is not a signal either. Throw your money base on your own risk management.. Follow for more higher context swing trades, forex, crypto and Stocks. 666 followers aiming this year. Thank you for all the new supporters, I will keep posting valuable ideas, but please trade at your own risk, I'm not a financial advisor either.
NASDAQ:TSLALong
by D1GITALTRADES
9
Breaking the Bearish Spell: The Inverse Head and Shoulders BreakThis trading strategy capitalizes on the inverse head and shoulders pattern, a chart formation that often signals a reversal of a downtrend. By identifying the left shoulder, head, and right shoulder, traders can anticipate a potential bullish breakout. This approach waits for the price to breach the neckline, confirming the pattern before executing a buy order. Risk Management: To safeguard against market volatility, this strategy includes a robust risk management plan. It involves setting a stop-loss just below the right shoulder to minimize potential losses. Additionally, the take-profit level is determined based on the height of the pattern, ensuring a favorable risk-reward ratio. Traders are advised to adjust their position sizes according to their risk tolerance and to monitor the trade for any signs of reversal.
NASDAQ:TSLALong
by A-Alsaedi
TSLA Technical Analysis and Trade IdeaMarket Observations: #TSLA has experienced downward pressure as evidenced by the distinct pattern of lower highs/lows on the daily chart, signaling a clear downtrend. A significant price gap exists above the current trading range. This setup suggests a potential stop run above the range to clear liquidity, providing an opportunity for larger institutions to fill short orders. Trade Strategy: Target a short entry on a potential stop run above the range. Aim for an initial profit target at the previous daily low, with a secondary target at the 165 level, which aligns with a prior daily low. Manage risk with a strategically placed stop-loss order. Disclaimer: This analysis reflects my personal opinion and does not constitute financial advice. Always conduct your own comprehensive research and risk assessment before executing any trades.
NASDAQ:TSLAShort
by tradingwithanthony
1
"Tesla Stock Teeters at Critical Levels" - TSLATSLA Stock: Navigating Critical Support Amidst Growing Concerns Tesla Inc. (TSLA), once the darling of Wall Street and a symbol of disruptive innovation in the automotive industry, finds itself at a critical juncture as it grapples with mounting pressure from investors and market dynamics. With the stock facing significant headwinds, analysts are closely eyeing key support levels, with $165 emerging as a crucial threshold that could determine the fate of TSLA's trajectory. Testing Support: The $165 mark represents a major area of support for TSLA, a level that, if breached, could unleash a cascade of selling pressure, potentially triggering a sharp decline in the stock price. Analysts and market participants have long viewed this level as a critical pivot point, given its historical significance and its role in shaping investor sentiment. Technical Analysis: Drawing on technical analysis, TSLA's current price action paints a concerning picture. The stock has encountered staunch resistance at the top of the market, forming what appears to be a triple top pattern. This pattern, characterized by two lower peaks (shoulders) and one higher peak (head), is often interpreted as a bearish signal, suggesting a potential reversal in trend. Moreover, the $165 level holds added significance as it coincides with the start of the bull run in June 2019, signifying a pivotal point in TSLA's ascent. What was once a stronghold of support has now transformed into a formidable barrier, acting as a barrier to further upside momentum. Market Sentiment: Investor sentiment towards TSLA has soured in recent months, as concerns over valuation, execution challenges, and macroeconomic headwinds weigh on the stock. The previous bull run, characterized by extreme growth and exuberance, has left TSLA vulnerable to a correction, with many market participants anticipating a pullback of significant magnitude. Outlook: Looking ahead, the consensus among analysts suggests that TSLA is poised for further downside, with the $165 level serving as a make-or-break point. Should the stock fail to hold above this critical support level, the potential for a sharp downturn looms large, with some forecasts suggesting a correction of more than 50%. While such projections may appear dire, they underscore the importance of risk management and prudent decision-making in navigating turbulent market conditions. Investors are advised to exercise caution and closely monitor TSLA's price action in the coming days and weeks, as developments unfold. In conclusion, TSLA's stock finds itself at a crossroads, with $165 emerging as a pivotal level that could determine its future trajectory. As market participants brace for a potential breakdown, the need for vigilance and preparedness has never been greater.
NASDAQ:TSLAShort
by UnknownUnicorn2319099
$TSLA COMPLETE ELLIOT WAVE ANALYSIS According to the Elliott Wave theory, NASDAQ:TSLA has been following a corrective wave pattern (ABC) since its inception, reaching its peak during the 2021 bull run. Currently, NASDAQ:TSLA has completed both wave 1 and wave 2, entering the critical and highly impulsive wave 3 towards the downside of the Elliott Wave sequence. The fundamental outlook for NASDAQ:TSLA appears weakened due to intense competition in the market. In the long term, NASDAQ:TSLA is displaying a heavy bearish trend. While specific targets for the remaining waves are uncertain at this time, one thing is clear – NASDAQ:TSLA is not expected to surpass wave 2, which is positioned at $299.
NASDAQ:TSLAShort
by thekidtrader11
TESLA - IF THE SHOW MUST GO ON, IT IS NOW! (TARGET $315)The markets are starting strong this year except for one late bloomer: TESLA! But I thinks it is time for Musk's prodigy to go fourth to new heights. Here's my perspective on things: What is on the chart? 1) An attractive liquidity level that will be our swing target of $315 (oh no spoiler alert). 2) We have not only a bullish gap but also a bullish weekly FVG that accompanied the break of structure (high taken out that shifted the market structure from bearish to bullish). 3) Huge accumulation structure which clearly to me is bullish but who knows maybe a Cybertruck will drive into a playground (jk). 4) This is the biggest driver (vroom vroom) of this analysis. A huge weekly wick in a weekly bullish GAP. What else do you want? 5) Our last chance to enter. If we're bullish, this is where you want to enter. Price is giving you a gift. Take it. 6) This would mark the continuation of the bullish price action. A higher high is often under looked and can provide enough info for a strong reliable bias. 7) This is our primary target. Nothing else to say here. As always, happy trading and enjoy your weekend!! ;)
NASDAQ:TSLALong
by Lexi_Is_Trading
13
$TSLA's $207.50 Price Target for a BounceIt's not looking too good for NASDAQ:TSLA holders right now. TSLA has 6 rejections off the yellow resistance line and has been dropping rapidly after the most recent rejection. The green trendline ($207.50) is a key support level on the way down, and there is likely to be a dead cat bounce there before further decline. For now, $207.50 is my short term price target for a bounce. I think NASDAQ:TSLA would be a bit oversold, so there is some potential for a long trade setup. However, TSLA is likely to underperform with its upcoming Jan. 24 earnings report. The forecast is higher than the previous forecast, which TSLA missed. I think there will be more pain ahead after a bounce off the green support line with some more downside in 2024.
NASDAQ:TSLALong
by realchartchamp