TSLA trade ideas
TSLA - Compressed Spring ActionTSLA does lot of fake moves, stopped trading it short term.
But Today's action showing a tight move ahead, either tmrw or next week.
If this takes off like expected, can see 270 easily .
TESLA Can it reverse the ROBOTAXI DISASTER?Tesla (TSLA) plummeted on opening today following yesterday's Robotaxi event, dropping as much as -10% intra day below its 1D MA50 (blue trend-line) and touching the 1D MA100 (green trend-line) for the first time since August 05.
The market clearly considered the Robotaxi and the other aspects of the event a disaster fundamentally and the early impression is imprinted on this price collapse. The question on investors' minds is, can the company reverse the sentiment?
Well, technically there is a big reason why the price has been pulling back since the September 30 High and that is simple. It has been rejected exactly on the Lower Highs trend-line that started on Tesla's All Time High (ATH) back on November 04 2021.
As you can see, this powerful multi-year Resistance has already 5 rejections (red circles) under its belt. But on the bright side, the price has shown clear signs of reversing this long-term and the biggest is the Higher Lows since the January 06 2023 market bottom (the 2nd Higher Low on April 22 2024).
On top of that we are seeing the potential for a Channel Up (blue) since the April 22 2024 bottom and is being supported by the 1D MA100. Below that, the last (symmetrical) Support Zone is offered by the 1D MA200 (orange trend-line) and the 195.00 level (so a zone roughly within 195.00 - 203.00). Below that, the recovery potential is endangered to a great extent.
So to summarize, there are strong support levels that may cause yesterday's disastrous fundamental sentiment to reverse but most of all, Tesla needs to break above its ATH Lower Highs trend-line. If it does, the first target of the new Bullish Leg should be $380.00 (Higher High on the blue Channel Up).
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Elon Musk’s EV Empire Unveils Cybercabs and Robovans. Now What?Highly-anticipated Robotaxi event offered a glimpse into what Elon Musk touted as “the future” — a driverless almond-shaped Cybercab robotaxi with no steering wheel or pedals and a Robovan that can ferry up to 20 people (but looks like a giant sliding toaster ). Both are futuristic and flashy. But can they generate revenue and keep Tesla churning out profits? That’s the question investors were asking while they pressed hard on the “Sell TSLA shares” button.
Tesla (ticker: TSLA ) is introducing a new era. Years after it had released a new product (the Cybertruck in 2019), the electric-vehicle maker, towering over the EV space , is expanding its product suite with not one but two new sick wheels. Rolling up to the stage in one of them — a robotaxi called “Cybercab” — Elon Musk, Tesla’s chief executive, unveiled the driverless two-seater cab and an autonomous van conveniently called Robovan.
“You could fall asleep and wake up at your destination,” Musk said on stage after he arrived one hour late. “There’s no steering wheel or pedals so I hope this goes well.”
The other big reveal was a Robovan/Robobus that can pick up a total of 20 people at a time. The Robovan is especially odd-looking, which, according to Musk, is intentional. “We want to change the look of the roads,” said Musk. “The future should look like the future.”
The icing on the cake was a new version of Optimus — Tesla’s humanoid robot. In its latest form, Optimus was spotted pouring drinks at the venue and dancing in fish tanks while flexing jacked forearms.
Happening at the Warner Brothers movie set in Los Angeles, the hotly-awaited invite-only event had managed to sneak in 50 Cybercab prototypes and multiple humanoid robots.
Of the few details laid out around the business model — the Cybercab is going to cost less than $30,000 with an operating cost of 20 cents a mile. “We expect to be in production with the Cybercab … in probably — well, I tend to be a little optimistic with time frames — but in 2026. Before 2027,” Musk said.
How would that work? Musk is hoping that there will be millions of Cybercabs available to rent out from the owners through the Tesla app. “Your average passenger car is only used 10 hours a week,” he noted. “If they are autonomous they could be used five times more, maybe 10 times more.” Thus, it seems like Musk is betting on new owners looking to convert their vehicles into autonomous taxis, earning them a passive income.
But there’s a long way to go — this new way of transportation requires regulatory approval and regulators don’t exactly have a reputation for being open-minded to new ideas.
According to Elon Musk, Tesla’s future hinges on autonomous driving. Driverless vehicles are central to the continued growth and success of the EV maker. So much so that Musk has previously said that Tesla’s market cap could hit $30 trillion, or about 40 times the current valuation (or 10 times the market cap of Apple (ticker: AAPL ), the world's most expensive company .) For reference, the entire S&P 500 index is worth $50 trillion today.
Tesla’s market worth may skyrocket 40 times but it won’t be today. The neon-filled scene giving futuristic vibes and Musk touting the new products as game-changers didn’t inspire investors to rush in and shove their cash into Tesla shares.
Some key details were missing and that prompted investors to take a cautious stand. First off, from over 2 hours of livestreamed content , the presentation was just about 20 to 30 minutes and didn’t discuss anything about self-driving safety. No deep dives into the business model on the side of revenue or market share for driverless taxis. And with Musk’s broken promises — he had said that millions of robotaxis will be ferrying passengers in 2020 — investors went mild instead of wild.
First trades at the opening bell in New York on Friday saw Tesla shares drop more than 10%. Was the event mostly razzle-dazzle and lots of glam and glitz? Or was there any real substance behind?
Share your thoughts below!
TSLA covered call over earnings *again* I've sold $250 and $255 covered calls recently. Obviously huge gap down because of SELL THE NEWS style event... ;-)
I really am not concerned. This is a buy the dip opportunity. I am happy to capture the premium from the call sale which is 1% and IF I sell at $255 in two weeks... amazing...
:-)
Tesla Opened with a Gap Down: What’s Next?Tesla Opened with a Gap Down: What’s Next?
Tesla opened with a significant gap down, indicating a potential further price decline. However, there’s no need to rush into decisions at this moment. The stock may rise again to fill the gap before moving down, as shown on the chart.
I expect Tesla to fill the gap near 232.50 - 237.80 before potentially declining further to 186.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
THE PLAN IS THE PLAN Like i said before and i will say again im bullish on tesla and after the event im MEGA bullish on tesla
As i managed to anticipate the scam dump since yesterday on premarket dont think the market is bearish dont be triggered to think it is, DONT BOTTOM SHORT.
We are at the 100 daily EMA and that is MEGA FAIR VALUE for WALLSTREET.
This whole dump is to grab retail traders money. BUY NOW while you can. CUP AND HANDLE TARGET IS 400!
We are right now on october lowest point and below the value area high and actually at the 3 months POC.
i've been covering tesla since around august dont say you didnt know!
TSLA MOONING
Tesla, Inc. (TSLA) Also Bearish (Major Correction Ahead!)I could write a thesis explaining why the TSLA stock is set to go down. In this thesis, I could make up all types of explanations supporting my bias, mentioning varied economic factors, global finance, historical market dynamics, politics, military conflict in the middle east and government reports. On the other hand, I can also keep it extremely simple and just show you this chart.
Tesla, Inc. (TSLA) produced a high in 11-July 2024. On the 30-September, we have a lower high and today a full red candle showed up.
As the lower high for September came in, trading volume has been the lower it has been in years and this is bearish.
As this dynamic is playing out on this chart, other major stocks are also moving lower and the DXY has gone bullish. When the DXY goes up, tech stocks go down.
➢ TSLA is about to enter a correction similar to the one produced between July and August 2024, the only difference is that this one will be several times stronger, we are looking at a lower low.
Thank you for reading.
Namaste.
Tesla’s Cybercab Reveal Disappoints, Stock Dips 6.48% PremarketTesla’s stock (NASDAQ: NASDAQ:TSLA ) took a sharp dive in premarket trading Friday, dropping over 6% following the much-anticipated reveal of its Cybercab robotaxi concept at the “We, Robot” event. The unveiling, which was expected to be a game-changing moment for Tesla, left investors underwhelmed. This event, highlighting Elon Musk’s vision for autonomous driving, did little to offer short-term growth prospects.
Cybercab Unveiling Falls Short
Tesla CEO Elon Musk took the stage at Warner Bros. Studios in California on Thursday to reveal the futuristic Cybercab, a sleek, silver two-seater with no steering wheel or pedals, emphasizing the vehicle’s self-driving capabilities. Despite the bold design and its futuristic appeal, analysts were disappointed with the event's content. Musk presented ambitious long-term goals, such as autonomous driving technology making Tesla vehicles available for under $30,000 by 2027. Yet, there was a lack of concrete details on how and when these advances would impact Tesla's bottom line.
The event seemed to emphasize the far-off future of Tesla’s autonomous technology, as analysts from Barclays and Morgan Stanley pointed out that no updates were provided on immediate growth opportunities. Tesla didn’t share details on the low-cost model set for 2025 production or any significant progress in its Full Self-Driving (FSD) software. The lack of updates on Tesla’s AI integration, specifically concerning its rumored partnership with Musk’s AI company xAI, also contributed to the overall disappointment.
Furthermore, while Tesla's Cybercab aims to revolutionize mass transit, investors were skeptical about its near-term viability. Without tangible manufacturing plans, regulatory approval, or significant technological breakthroughs, fully autonomous vehicles are still years away from becoming mainstream. This added to the frustration among investors who were expecting Tesla to present more immediate growth opportunities.
Technical Analysis
As of Friday morning, Tesla stock (NASDAQ: NASDAQ:TSLA ) has slumped by 6.31%, signaling a significant bearish sentiment in the market. This decline coincides with the broader disappointment surrounding the Cybercab event and is compounded by technical indicators showing a continuation of the downward trend.
The stock is currently trading within a bearish channel, indicating a sustained negative momentum. The Relative Strength Index (RSI) stands at 48, reflecting weak buying interest and suggesting there could be more downside in the near term. A crucial support zone has formed around the $205 price level, where a bearish gap-down pattern has appeared on the daily chart, further supporting the likelihood of Tesla (NASDAQ: NASDAQ:TSLA ) testing this zone.
With the lack of bullish catalysts, Tesla (NASDAQ: NASDAQ:TSLA ) shows no signs of a reversal. The $205 level aligns with a significant support pivot, and a break below this could trigger further declines. Investors should remain cautious as technical indicators continue to signal weakness.
Bearish Momentum and Market Sentiment
Tesla’s stock performance in the first half of 2024 was marred by a steep selloff, and while it has somewhat recovered, the current price action reflects lingering concerns. Analysts at Piper Sandler warned that “pre-event momentum fizzles,” predicting that Tesla shares may continue to face downward pressure in the coming weeks. With no immediate breakthroughs presented at the event, many expect the stock to face continued selling pressure, especially as investors weigh the long-term promises against Tesla’s current performance.
Moreover, Morgan Stanley's critique of Musk's failure to position Tesla (NASDAQ: NASDAQ:TSLA ) as an AI-driven company only adds to investor worries. Tesla's AI capabilities, once considered a defining strength, were not sufficiently addressed at the event, leaving investors questioning whether Tesla will retain its leadership in the autonomous driving space.
What’s Next for Tesla?
Tesla’s financial performance in Q3 2024, set to be announced on October 23, will provide further insight into how the company is faring. With increasing competition from rivals like Google’s Waymo and traditional automakers entering the electric vehicle (EV) and autonomous driving markets, Tesla (NASDAQ: NASDAQ:TSLA ) faces pressure to deliver more immediate results.
The stock is hovering near a critical juncture. While there may be some relief rallies, the broader sentiment suggests more downside risk, especially if Tesla cannot provide compelling short-term growth catalysts. Investors should keep a close eye on Tesla’s next moves in the autonomous vehicle space and any updates on its FSD technology as potential triggers for a rebound.
For now, Tesla’s Cybercab may have excited visionaries, but it has left investors with more questions than answers.
TESLA Local Long! Buy!
Hello,Traders!
TESLA is going down now
But the pair is trading in an
Uptrend so we are bullish
Biased and after the stock
Retests the horizontal
Support of 232.00$ we
Will be expecting a
Local bullish rebound
Buy!
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Check out other forecasts below too!
my levels to manage risks while trading $TSLA back to $180At Thursday night's "We, Robot" robotaxi event, Elon Musk showcased a $30,000 Cybercab he expects to start production before 2027. He also said he expects "fully autonomous unsupervised full-self driving in California and Texas next year. But he did not offer many specifics on the Cybercab or data pointing to rapid shift to self-driving. There were also little discussion of a ride-hailing service. There had been some speculation that Tesla would seek to launch a ride-hailing service, initially with human drivers.
$TSLA - I will waitNASDAQ:TSLA Tesla's stock is down after the "We, Robot" event. Many people will happily buy, but there is earnings report risk. We know their margin is compressed right now due to rate buy-downs and discounts.
I will start accumulating if it drops to the buy area. 👀
As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
RoboTaxi ContinuationIf we lose the 222.16 set of lows very early this morning we can see a continuation back down much closer to where the robo taxi rally began from.
TSLA: Sell ideaSell idea on TSLA as you can see on the chart because we have the breakout with force the support line and the vwap.
Tesla (TSLA) Shares Fall After ‘We, Robot’ PresentationTesla (TSLA) Shares Fall After ‘We, Robot’ Presentation
On 10 October, at the Warner Brothers studio in Burbank, California, Elon Musk unveiled three products during the presentation of “We, Robot”:
→ Cybercab – an autonomous robotaxi that Musk claims will be produced in very large quantities.
→ Robovan – an autonomous bus capable of transporting 20 people or cargo, with an expected price tag of under $30,000.
→ Optimus Gen 2 – humanoid robots that participated in the event, with Musk showcasing a video of how Optimus can be used in home settings.
Elon Musk stated that Tesla anticipates the arrival of fully autonomous vehicles without supervision in Texas and California by next year.
Despite the revolutionary nature of the products presented under the Tesla brand, investors seem disappointed, as TSLA shares are trading around $225 in pre-market today, down from over $238 at yesterday's close.
Technical analysis of the Tesla (TSLA) stock chart indicates that the ascending channel (marked in purple), which has guided the price upward since August, may break downward at the market open today.
From a broader perspective, TSLA shares are within a wide ascending channel (shown in blue) – the bearish momentum following the “We, Robot” event could potentially push the price down to the lower boundary, further distancing it from resistance at the $260 level.
Investors may reevaluate their initial reactions to the unveiled Cybercab, Robovan, and Optimus. Nonetheless, the current decline in TSLA's stock price serves as a warning ahead of the earnings report scheduled for 23 October.
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.
TSLA for Tomorrow (11/10/2024)Key Levels:
Support:
$232.46 (marked as the current low).
$239.68 is another significant support level based on the red line drawn.
Resistance:
$249.89 and $252.14 are key resistance levels indicated by the blue lines.
The price is currently battling around $241.05, which can act as an immediate resistance level based on recent rejection.
Volume & Indicators:
The volume a spiked during market hours, but it has tapered off slightly. This suggests that while there is still activity, momentum might be slowing.
MACD shows a significant dip into the negative area, which could indicate bearish momentum, but there are signs of consolidation. If this negative momentum starts reversing, it could give an indication of a potential upward move.
Trend Analysis:
There seems to be a downtrend forming based on the sloping white line, but the price is attempting to break out of this trend. If TSLA can break above $241.05 convincingly, it may retest $247.45 or even the higher resistance levels at $249.89.
What I think is TSLA is neutral to slightly bearish outlook short term, especially if price fails to break above the immediate resistance levels.
Strategy for Tomorrow:
Bullish Scenario:
A break above $241.05 with strong volume could signal an opportunity to go long, targeting the $247.45 level, with $249.89 as a secondary target.
Bearish Scenario:
If the price continues to reject at $241.05 and falls below $239.68, a potential short trade could be considered with $232.46 as the target.
Neutral/Range-bound:
If the price consolidates between $239.68 and $241.05, it might be best to wait for a clearer breakout before entering a position.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. Trading stocks involves risk, and you should consult with a financial advisor to determine the best strategy for your specific circumstances.
$TSLA Buy the Rumor, Sell the News. Welcome to another edition of NASDAQ:TSLA buy the rumor, sell the news event live from California from the Warner brothers studio where we are sure to see plenty of on screen magic and prototype 's galore.
The Fraudfather Elon Musk is dug into his hasty and no good bag of tricks again for the benefit of his pockets.
This time he was goaded into revealing a prototype for the "RoboTaxi" He originally didn't have a concept for until a few months ago.
The fact of the matter is we have rumors, news and technical breakouts to watch for in this stock. NASDAQ:TSLA has a significant and parabolic rally when Mr. Musk denied the rumors of no having a RoboTaxi concept and hurried to put one together as proclaiming he would reveal it to us in August.. which never happened.
Now here we are in August where investment firms and hedge funds are going to sell the news of the event live on your portfolio overnight starting at 10pm.
NASDAQ:TSLA has a classic and very predictable few fun facts about these technical wedges it loves to form on any time frame. If this holds true to form, we will either get an Early breakout of this wedge which is classic NASDAQ:TSLA price action. Or we will compress for one more wave to the bottom of this wedge for a Third touchdown higher low which is also classic to NASDAQ:TSLA price action.
Once this last bottom is in we can fully expect 2025 to be an amazing year for NASDAQ:TSLA as the Technical breakout of a high timeframe chart concludes.
In spectacular fashion we will find ourselves at or near the price target of 600$ Concluding a very measured and long awaited move.
Buy the trend, not the news.
TSLA: Last Chance to React Above Support Level! (D&W charts)In our last public study (Sep 25), we identified resistance at $265 as a key point for us, and that if a correction were to occur, the area around $233 would be our next support point.
Now, we've reached our target at $265, and corrected up to our support point, according to plan. So we should update our key points.
The link to our latest TSLA study can be found below this post.
Daily Chart (Left):
Main Resistance Level: The stock faced resistance around $265.13, which it tested multiple times and failed to break through. This level marks a critical barrier for further upward movement.
Mid-Term Support Level: Tesla is currently trading around the main mid-term support at $233.60. If this support fails, it could lead to further downside momentum.
Short-Term Bearish Pressure: The price has recently broken below the 21-day EMA, which could indicate a potential short-term bearish trend forming. Maintaining above $233.60 is crucial for bulls to defend this support zone.
Weekly Chart (Right):
Critical Resistance Zone: On the weekly chart, $265.13 is highlighted as a critical resistance, which has now formed a triple-top pattern. This pattern typically signals strong selling pressure, suggesting that a clear breakout above this level would be necessary for further bullish continuation.
21-week EMA: If TSLA fails to hold above the $233, then a pullback to the 21-week EMA will likely occur. If TSLA fails to hold above this support, then a sharper correcction to the $182 could happen, our next support level.
Summary:
Tesla is at a pivotal point, trading between a strong support ($233.60) and a critical resistance ($265.13). A break below $233.60 could trigger a deeper pullback towards the $182.00 area, while a successful hold and bounce from this level would keep the bullish structure intact. For the bullish scenario to regain control, a confirmed breakout above $265.13 on the weekly timeframe is required. We should monitor these key levels for the next directional move.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
TSLA - Much awaited retest, doneeTSLA$ was waiting for that 234.6$ level retest. BIG level. Finally its time to move up. Perfect timing with the ROBOTAXI event ahead.
TSLA Keep Falling Ahead of the Robotaxi EventTesla (TSLA) has been experiencing a notable drop, currently trading at $233.72, down 3.04%. A look at technical indicators across multiple time frames reveals persistent selling pressure:
NASDAQ:TSLA Indicators:
2-Hour Indicators:
Relative Strength Index (RSI) is at 29.50, approaching oversold levels, indicating potential exhaustion in the selling pressure but not yet confirming a reversal.
MACD remains negative at -2.55, signaling continued downward momentum.
Exponential and Simple Moving Averages across multiple periods (10, 20, 30) are all showing a "Sell" signal, highlighting a bearish trend.
Momentum (10) is at -7.86, also pointing to weakening price action.
30-Minute Indicators:
RSI at 24.29 is deep in oversold territory, suggesting the possibility of a short-term rebound or consolidation.
The MACD is negative at -1.32, reinforcing bearish momentum in the short term.
Both the Exponential and Simple Moving Averages (10, 20, 30) reflect consistent sell signals.
Conclusion:
Tesla's current price action is under significant downward pressure, with multiple indicators pointing to further declines. However, with the RSI nearing oversold levels on both short and medium-term time frames and the highly anticipated Robotaxi event scheduled for later today, increased volatility is almost guaranteed. This event could serve as a potential catalyst, either stabilizing the stock if news is received positively or leading to further declines if market expectations aren't met. Caution is advised as the stock navigates this critical juncture.
