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TSLA trade ideas

Can Tesla Get Back to Even? What I'm WatchingI still can't believe that, back in April, Tesla was down 43% since the start of the year. It's been ages since we've seen a drop like that for Tesla. I circled that point on the chart with a red circle. Also, the yellow and orange lines are the 50 and 100 day moving averages, about to cross and seem to be turning upward. Fast forward to now, and Tesla has bounced back, down just 6% since the year's start. If Tesla goes green on the year... watch out. There are a number of reasons why Tesla might be turning the corner, and that especially seems to be its recent delivery numbers. But, before we go there, what really caught my eye is how quickly companies like NVIDIA have recently outpaced Tesla over the last 6+ months. I just can't remember such a hot stock becoming "left behind" in such a short period of time. Both TSM and Broadcom also passed Tesla rather quickly - also semiconductor stocks. Now, why did Tesla pop recently? As many of you know, Tesla reported 443,956 deliveries in Q2, slightly above Wall Street's expectations of around 439,000 units. There's nothing quite like beating Wall Street and proving them wrong. But let's not forget that Wall Street can spin the numbers to fit their narrative. This delivery figure is still a 4.8% decrease from the same quarter last year, hinting at Tesla's resilience. However, personally, I'm more intrigued by Tesla's product mix and the new projects they're working on. That's where the real story is. And I think this comeback is just the start of that.
NASDAQ:TSLA
by scheplick
Tesla: BE CAREFUL We are currently at the 0.5 / golden ratio resistance levels, the recent spike was the market taking out late shorts. Notice that we are about to hit the last local high as well. I caution anyone to buy here as we may be running out of fuel. Looking at the ichimoku the general trend is also bearish at the moment. I would suggest anyone bullish to wait until this level is flipped, let price break through this resistance and ideally retest this level as support. Don't get sucked into the hype, the market is still generally bearish and inflation is still high. The market may have some relief but wait for confirmation
NASDAQ:TSLA
by sachu_blessyou
1
Should we buy more TSLA(?) - July 5TSLA (Tesla Inc.) 30-minute chart, let's examine the key elements and indicators visible in the screenshot: Time Frame: The chart is on a 30-minute time frame for TSLA on NASDAQ. Trend Lines: An upward trend line is present, indicating a recent uptrend. Candlestick Patterns: The recent candlesticks show a strong upward movement followed by some consolidation. Volume Profile: The volume profile on the right shows areas of high trading activity, which can act as support and resistance levels. Indicators: MACD is visible at the bottom of the chart. Support and Resistance Levels: Current Price: ~$251.03 Key Support: Around $249.89 and $236.31 Key Resistance: Around $253.68 Analysis: Trend: The current trend is upwards, as indicated by the ascending trend line and recent price action. Volume Profile: The volume profile suggests significant activity around $251.03 and $249.89. These levels often act as support or resistance due to the high volume of trades occurring there. Support Levels: First Support: $249.89 - This is a key level from the volume profile and also aligns with recent consolidation. Second Support: $236.31 - This level is closer to a previous low and another significant volume node. Resistance Levels: First Resistance: $253.68 - The recent high and an area where price might face selling pressure. Second Resistance: $260 - Not explicitly visible in the chart, but a round number and psychological resistance. Indicators (MACD): The MACD is showing a bullish trend with the MACD line above the signal line, which indicates upward momentum. However, watch for any divergence or crossovers that could indicate a change in momentum. Projection for July: Upside Potential: If the price continues to follow the ascending trend line, it is likely to test the first resistance at $253.68. A break above this level could lead to further upside towards $260. Downside Potential: If the price fails to hold the first support at $249.89, it could test the second support at $236.31. Breaking below this level might indicate a shift in trend. Entry/Exit Suggestions: Swing Trading: Entry: Consider entering a long position if the price pulls back to around $249.89 and shows signs of support (e.g., bullish candlestick patterns or increased volume). Exit: Target the first resistance at $253.68. If the momentum is strong, consider holding for a move towards $260. Stop-Loss: Place a stop-loss below $249.89, around $248, to manage risk. Conclusion: The current market sentiment for TSLA is bullish with an uptrend in place. For swing trading, look for entries around support levels with targets at resistance levels. For scalping, focus on quick trades based on breakouts and price action around key levels. Always manage risk with appropriate stop-losses.
NASDAQ:TSLALong
by BullBear-Insights
Update plan with TeslaUpdate plan with Tesla Tesla stock has touched the daily line which is good support, however you need to consider taking partial profits when the price hits the price holding zone that is eventually broken down which is also the horizontal resistance level. In case the price continues to break out of that horizontal range, we will continue to hold the order. On the contrary, if the price does not break through, we wait to buy in the demand area 128-122 and hold the order until the end of June and the end of July. Good lucky !!!
NASDAQ:TSLALong
by EricGoldHunter
How Tesla Stock Rebounded Back to Green After 40% Loss in 2024EV king powered higher over the past couple months, charged on hopes of returning growth even as returning growth is nowhere to be seen. But does it matter? Let’s find out. Tesla Erases 40% Drop in Electrifying Rally Tesla stock (ticker: TSLA ) is on a tear. A powerful comeback has shut the haters’ mouths as the electric-car maker is up about 80% from its 2024 nadir back in April. In other words, more than $350 billion have been added to Tesla’s market cap in the span of a couple months. What’s driving the electrifying charge in the popular auto maker, arguably the most popular ? It’s a bunch of factors. But more than anything, it’s investors’ big expectations over returning growth after the car company’s shares were begging to be scooped up by bargain hunters. Tesla stock had slumped about 40% on the year through late April while other big tech giants were busy logging records and getting AI drunk. Take Microsoft (ticker: MSFT ) or Nvidia (ticker: NVDA ). Or any of the Magnificent Seven members. They’ve all been celebrated over prospects of artificial intelligence-driven gains. The apparent disconnect between Tesla and the rest of the Mag 7 crew is no longer there. After stringing up a winning streak of eight straight days of winnings through Friday, Tesla shares managed to reel out of their deep 2024 losses and move in the green by about 1%. Deliveries Fuel Investors’ Long Bets Better-than-expected delivery figures underpinned the recent leg up. The Elon Musk-led company shipped 443,956 vehicles globally in the three months ended June, a 4.8% decline from the same quarter last year. And while this drop, the second one in a row, indicated that the business of deliveries didn’t grow, investors got excited about the consensus-beating numbers. Analysts anticipated 439,302 delivered units. It was also better than the first-quarter delivery figure of 386,810 . Optimism about artificial intelligence is also a key factor in steering the share price higher. It’s worth mentioning that Tesla, which recently started churning out profits , has decreased its production rate and manufactured about 411,000 vehicles in the last quarter. Lower production count translates to lower inventories, reduced costs and less pressure to cut prices in order to get rid of cars gathering dust in factories. All that means the company could splurge some cash on other projects in the pipeline and a refresh of existing ones. Elon Musk + AI + Promises = Profits??? The advance of robots and AI-powered assistants is among the top priorities for Elon Musk. Tesla’s second-generation humanoid robot Optimus debuted last week at Shanghai’s 2024 World AI Conference. First released in 2021, Optimus was designed as an everyday AI assistant to help out with things like carrying stuff, cleaning up and cooking. Before it’s launched to the public, Tesla plans to test it out in its factories starting in early 2025. To this, Elon Musk had only one thing to do — slam the short sellers and send them into “obliteration.” ”Once Tesla fully solves autonomy and has Optimus in volume production,” Musk wrote on X, “anyone still holding a short position will be obliterated.” He went further to call out one specific Tesla permabear — Bill Gates . Buyer Beware! Now on to some concerning reality checks that can make you think twice before plowing your hard-earned money into the EV maker. Tesla’s fleet of vehicles is aging badly. The Model Y is just about to pop the confetti for its fifth birthday. A lack of innovation into Tesla’s best-selling models may strip some of the company’s brand recognition for slick-looking, ultra-modern EVs. What’s more, Tesla faces fierce competition from the East. China’s biggest maker of electric cars BYD (ticker: 1211 ), sold a record number of electric and hybrid cars in the last quarter. And it’s threatening to overtake Tesla as the world’s top EV manufacturer. In June, Tesla’s market share in China dwindled by a worrying 24% from a year ago while the broader sales numbers went up thanks to the rollout of cheaper EV alternatives. BYD’s sales rose 24% in the second quarter to 426,039 EVs. We Want to Hear from You Can Tesla continue its run and keep the profits flowing to fund its risky bets on AI? Judging by the share price increase, investors seem to think so. What do you think? Let us know in the comments below.
Editors' picks
NASDAQ:TSLA
by TradingView
17
TeslaPrice is moving up with steady volume growth. Now it is at trend line support and also it has formed an ascending triangle. 229 - 231 is the support as of now. Buy above 232 with the stop loss of 230 for the targets 234, 236, 239 and 241. Sell below 226 with the stop loss of 228 for the targets 224, 222 and 220. 220 will act as a support. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NASDAQ:TSLA
by vanathi
9
Tesla (TSLA): Expecting a Pullback Before the Next RiseIn our livestream a few days ago, we talked about the impressive rise in Tesla's stock. Since our last analysis on June 13th, the stock has jumped 38% in just 19 days. This was somewhat expected because there was a lot of negative sentiment towards Tesla, which often leads to a significant rise. Congratulations to everyone who believed in Tesla with us. Our position is currently profitable, and the stock looks very strong. Current Situation: The current situation shows that Tesla has risen 40 % in less than 25 days, even though there was a lot of negative sentiment. The stock is very strong right now, but a pullback is likely. We think the stock could go up to $256, finishing the sub-wave 3. After hitting this level, we expect a Wave 4 correction, which will give us a chance to make more entries. Strategy: We plan to enter between $217 and $200. We will set the stop-loss at about $198 to protect against a failed Wave 4 scenario. Our strategy involves expecting the Wave 4 correction to close follow-up gaps and retest important levels. Even though the performance is strong, we should be careful as this could still be a temporary rise before another drop (a dead cat bounce). In conclusion, Tesla has shown impressive strength, but we expect a pullback before it goes up further. We are targeting the $256 level for the completion of Wave 3 and plan to enter more between $217 and $200, with a stop-loss at $198. We remain cautiously optimistic and will keep a close eye on the situation.
NASDAQ:TSLALong
by freeguy_by_wmc
6
Tesla7.8.241 of my students asked me if you could short Tesla... and my answer was you don't want to short it right now. I know a lot of Traders would take that short and we may find out in the next day or two that that would have been a fantastic trade to Short. but there were no sellers when he asked about shorting the market and that presents a problem fo..r me because I want to see some buyers not know buyers or I can't short the market... and the tools I use for that reversal are 2 bar reversals and if I want to short it I want to 2 bar reversal that goes lower but if I want to go long I wait for 2 bar reversal to go higher..... I always or almost always with some exceptions wait for the 2 bar reversal in the direction I want to trade. I don't know if it should be called the 2 bar reversal.... I don't know what other people do or how they look at the market when I'm looking at a toolbar reversal..... I threw all my books away every year I'd have a whole batch of trading books and I would take him to the nearby library when it was closed and I would dump pounds and pounds of books into the bin outside the library because if I went inside the Library they wouldn't take my books because I had too many..... I don't like throwing books away so I gave it to the library in case they use some of them for people who are looking to trade the markets. I know the 2 bar reversals work. I know that the market can provide a 2-bar reversal to go lower and in another few hours it can reverse and have a 2 bar reversal going higher..... and some people might say that's a waste of time... but if you understand the context of a market that's oversold or the concept of gaps that are being filled or not being filled and then you add a few other indicators like using 382 we're looking at Fibonacci extensions and understanding support and resistance and understanding expansion and contraction of markets two by reversals are very effective and a lot of the problems you could have with 2 bar reversals aren't problems if you understand how markets move, and all you need to do is draw some simple lines and be patient and you'll find the trade.
NASDAQ:TSLA
by ScottBogatin
Visualize $TSLA CALL pricing skew due to the upcoming earningsLet’s take a look at our new tradingview options screener indicator to see what we observe, as the options chain data has recently been updated. When we look at the screener, we can immediately see that NASDAQ:TSLA has an exceptional Implied Volatility Rank value of over 100, which is extremely high. This is clearly due to the upcoming earnings report on July 23rd. As we proceed, we notice that Tesla's Implied Volatility Index is also high, over 70. This means that not only the relative but also the absolute implied volatility of Tesla is high. Because the IVX value is above 30, Tesla’s IV Rank is displayed with a distinguishable black background. This favors credit strategies such as iron condors, broken wing butterflies, strangles, or simple short options. Next, let’s examine how this IV index value has changed over the past five days. We can see it has increased by more than 6%, indicating an upward trend as we approach the earnings report. In the next cell, we see a significant vertical price skew. Specifically, at 39 days to expiration, call options are 84% more expensive than put options at the same distance. This indicates that market participants are pricing in a significant upward movement in the options chain. The call skew is so pronounced that at 39 days to expiration, the 16 delta call value exits the expected range. This signifies a substantial delta skew twist, which I will show you visually. We see a horizontal IV index skew between the third and fourth weeks in the options chain. This means the front weekly IVX is lower than the IVX for the following week, which may favor calendar or diagonal strategies. Hovering over this with the mouse reveals it’s around the third and fourth week. In the last cell, we observe that there’s a horizontal IVX skew not just in weekly expirations but also between the second and third monthly expirations. Now, let’s see how these values appear visually on Tesla’s chart using our Options Overlay Indicator. On the right panel, the previously mentioned values are displayed in more detail when you hover over them with the mouse. The really exciting part is setting the 16 delta curve and seeing the extent of the upward shift in options pricing. This significant skew is also visible at closer delta values. When we enable the expected move and standard deviation curves, it immediately becomes clear what this severe vertical pricing skew in favor of call options means. Practically, market participants are significantly pricing in upward movement right after the earnings report. Hovering over the colored labels associated with the expirations displays all data precisely, showing the number of days until expiration and the high implied volatility index value for that expiration. Additionally, a green curve indicating overpricing due to extra interest is displayed. Weekly expiration horizontal IVX skew values appear in purple, and those affected by monthly skew are shown in turquoise blue. The 'Lite' version of our indicators is available for free to everyone, where you can also view Tesla as demonstrated. Pro indicators are available more than 150 US market symbols like SPY, S&P500, Nvidia, bonds, etfs and many others. Trade options like a pro with TanukiTrade Option Indicators for TradingView. Thank you for your attention.
NASDAQ:TSLAEducation
by TanukiTrade
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
NASDAQ:TSLALong
by basictradingtv
28
DON'T SLEEP ON TSLA ON A THURSDAY or you might miss out on the runup to 191. Potentially higher, but likely into next week. 154 is looking likely should we break under trend. Basically per this chart, either tesla is ready to make a move to the upside, and it looks like a quick move pre earnings. If TSLA drops today into that support zone, it can trigger a run up to 184, and then possible 191. Hard to say exactly when or if it even hits 167.99, but at some point during a move like that, if it should occur, there will be time to grab some options and make a few decent trades. Depending on your style. If you're just investing to hold long, you want to buy pretty much sub 169. Lowest price I see atm is 109, but it might actually hold the levels at the 150 range. Good luck!!
NASDAQ:TSLALong
by nicktussing77
44