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TSLA: 125% gains Best Level to BUY/HOLD 🔸Hello traders, today let's review 4hour price chart for TSLA. Currently a mixed package overall with limited upside potential, I don't recommend entering any buys at current price. 🔸Ongoing accumulation since May 2023, significant lows printed in April 2023 / 2024, so I'm tagging April 2025 as a potential reversal for TSLA / bottom buying near range lows totally makes sense. 🔸Accumulation range defined by range lows at 175 usd and range highs at 255 usd. premium prices below at 145/165 and above at 280 and 305 usd. 🔸Recommended strategy bulls: expecting pullback based on measured move projection set to extend further down towards 175 usd. currently trading at 250 usd, no entries recommended on buy side. This is a trade setup for patient traders. may take more time to develop. conservative target is 350 USD, so +125% gains off the lows. 🔸Finally, check out the TSLA related story below and let me know in the comments section if you'd like to get more updates like this. Don't forget to follow/like/comment, this is much appreciated. Year 2030. Tesla coupe safely lands on Mars. Exploration mission starts in April 2030. ▪️ In this fictional tale in 2030, Tesla founder Elon Musk and his wife Grimes make a historic landing on Mars, marking a new era in space exploration. ▪️ Upon arrival, they establish a settlement called "New Teslaville," aiming to turn it into a sustainable colony for future generations. ▪️ Their first day involves setting up essential infrastructure, including solar panels, an oxygen generator, and a Mars rover. ▪️ The next day, they plant a Tesla flag on Mars, signifying humanity's first successful landing on the red planet. ▪️ On day three, Musk shares a heartfelt message about the importance of space colonization for humanity's survival. ▪️ After a successful first week, they receive a message from Earth, indicating the start of the "New Mars Era" and their status as the first Martian settlers. ▪️ The couple ends their week by enjoying the Martian sunset in a Tesla coupe. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
NASDAQ:TSLALong
by ProjectSyndicate
23
TESLA Under Pressure! SELL! My dear friends, TESLA looks like it will make a good move, and here are the details: The market is trading on 260.65 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 242.66 Recommended Stop Loss - 269.75 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
NASDAQ:TSLAShort
by AnabelSignals
2
Creating a Balanced Investment PortfolioCreating a Balanced Investment Portfolio In the vast realm of trading, where platforms like FXOpen play a pivotal role, strategy and skill stand paramount. As the age-old adage goes, 'Don't put all your eggs in one basket.' In the context of trading, this underscores the significance of diversification. Enter the concept of a balanced investment portfolio - an excellent balanced portfolio example, which emerges as an oasis of hope amidst the unpredictable dunes of market volatility. Understanding the Importance of a Balanced Investment Portfolio To achieve a balanced investment portfolio, it's crucial to consider the balance of individual components, especially forex, CFDs, stocks, and bonds. For example, a stock portfolio balance refers to the proportion of stocks in relation to other investment types. This balance is pivotal, as stocks often carry higher risks but also higher potential rewards. By understanding their own risk tolerance and learning how to balance portfolio assets effectively, traders can determine the ideal portfolio balance that meets their specific objectives. Building the Foundation: Investment Basics Every experienced trader knows that the world of investments is vast, presenting myriad opportunities. Some of the primary investment types include: - Stocks: These signify ownership in a company and constitute a claim on a fraction of its assets and earnings. - Bonds: Essentially, when you invest in bonds, you're loaning your money, either to a corporation or the government, in exchange for periodic interest payments plus the return of the bond's face value when it matures. - Real Estate: Investing in tangible land, buildings, or housing. Given its physical nature, it often acts as a hedge against more volatile markets. - Mutual Funds: These funds pool money from several investors to invest in a diversified portfolio of stocks, bonds, or other securities. Central to investment basics is the risk-return tradeoff. Essentially, it highlights that the potential return on any investment is directly proportional to the risk associated with it. In this matrix, diversification emerges as the most effective strategy, helping to spread and, in turn, mitigate risk. Asset Allocation Strategies Asset allocation might seem like a complex term, but at its core, it's about ensuring that your portfolio reflects your investment portfolio balance, harmonising your desired risk and reward. 1. Modern Portfolio Theory (MPT) Introduced by the visionary economist Harry Markowitz in the 1950s, the Modern Portfolio Theory (MPT) has since established itself as a seminal concept in portfolio management. Groundbreaking for its time and still influential today, MPT hinges on a principle that feels intuitive yet was revolutionary upon its debut: diversifying investments to maximise returns while judiciously managing the associated market risk. Central to the MPT is the construct of the 'Efficient Frontier'. This captivating concept represents a boundary in the risk-return space where portfolios lie if they offer the highest expected return for any given level of risk. In essence, any portfolio residing on the Efficient Frontier is deemed optimal, reflecting a balance where no additional expected return can be achieved without accepting more risk. 2. Strategic Asset Allocation Here, traders establish a base policy mix — a proportional combination of assets based on expected rates of return for each asset class. It’s a long-haul game, adjusting the portfolio as long-term goals or risk tolerance evolve. 3. Tactical Asset Allocation A more active management portfolio strategy, this method tries to exploit short-term market conditions. It involves shifting percentage holdings in different categories to take advantage of market pricing anomalies or strong market sectors. Diversification In the complex world of investing, understanding how to balance a portfolio is key. Diversification is the guardian against unpredictability. It is the art of spreading investments across various assets or sectors, ensuring that potential adverse events in one area won't unravel the entire portfolio's performance. Essentially, diversification is the protective shield that buffers against market volatility, offering a more stable and consistent growth path for traders. Geographical Diversification Globalisation has knit economies closer than ever before, yet each retains unique characteristics influenced by internal and external events. By diversifying investments across continents and countries, traders can leverage these unique attributes. Sector Diversification Beyond geography, the global market is segmented into various sectors — technology, healthcare, and finance, to name a few. Each has its growth trajectory, impacted by different factors. Spreading investments across sectors can hedge against unforeseen adversities. Individual Asset Selection The keystone of a robust portfolio is the judicious choice of individual assets. Beyond the broad strokes of diversification, the meticulous selection of each asset determines the portfolio's potential success. It's where profound understanding meets strategic decision-making, ensuring that every asset, be it a stock, bond, or commodity, is handpicked to serve the trader's overarching goals and vision. Proper research, encompassing financial performance, management quality, growth potential, and market trends, provides insight, reducing the chances of unwelcome surprises. Risk assessment is another crucial part of individual asset selection. Risk is an inherent part of investing. However, with rigorous risk assessment, traders can anticipate potential pitfalls. Evaluating the risk associated with each asset and its correlation with others in the portfolio helps in achieving the desired balance. Monitoring and Rebalancing In the dynamic dance of markets, continuous oversight and timely adjustments keep a portfolio's rhythm and harmony intact. - Regular Portfolio Review. The world doesn't stand still, nor do the markets. Regular reviews ensure that the portfolio aligns with the trader's goals and market realities. - Rebalancing Strategies. Over a period of time, certain investments will experience more rapid growth than others. This can shift the portfolio’s balance, necessitating rebalancing. Rebalancing, whether by reinvesting dividends or selling assets that have appreciated to buy those that have declined, ensures alignment with the desired risk levels and asset allocation strategy. Conclusion Crafting a balanced trading portfolio is an art backed by science, strategy, and due diligence. It's an ongoing process requiring constant monitoring and fine-tuning. By keeping a finger on the pulse of global trends, understanding risks, and staying committed to their goals, traders can navigate the choppy waters of global markets effectively. For those eager to embark on or deepen their trading journey, FXOpen offers the platform and tools. To initiate this exciting endeavour, you can open an FXOpen account and explore the dynamic offerings of the TickTrader platform. 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.
Editors' picks
NASDAQ:TSLAEducation
by FXOpen
5
TSLA's TA on October 3, 2024Price Action: TSLA is trading in a descending channel after a sharp sell-off on the hourly chart. The overall sentiment appears bearish, and it's currently consolidating near the lower end of the range around $249 - $251. There was a strong rejection from the recent high around $264.86, marking this as a significant resistance level going forward. Key Levels: Support: The immediate support level is around $244. This is a critical zone because if it breaks below, the next level to watch is $241.49 and potentially as low as $239. If these support zones don't hold, we could see a move down towards $230 - $235. Resistance: The first major resistance to the upside is $251.60, with another key level at $260. These areas could be tested if there's any upside recovery. The ultimate strong resistance is around $264.86, which aligns with the previous rejection zone. Entry and Exit Points: Entry for Long: Look for a bullish reversal pattern or breakout above $251.60 with volume confirmation, targeting the next resistance at $260. You could set a stop loss below $249 to protect against downside risk. Entry for Short: If TSLA breaks down below $244, you could consider shorting, aiming for the lower targets at $241.50 or even $239. Order Blocks & Volume Profile: The volume profile shows a high concentration of traded volume around $249 - $251. This means it’s a key area to watch for consolidation, and the direction TSLA takes out of this zone could indicate the next big move. Momentum Indicators: MACD and stochastic shows the selling pressure seems to dominate, so keeping an eye on volume is crucial to detect any possible reversal. Overall Bias: TSLA remains bearish as long as it stays below $251.60. There’s a potential for a further pullback unless it can reclaim key resistance levels like $260. Keep in mind potential market catalysts that could drive price action beyond technical levels.
NASDAQ:TSLA
by BullBear-Insights
2
TESLA pulling back on Q3 deliveries. Is there a reason to panic?Tesla (TSLA) opened considerably lower today as they announced Q3 deliveries of 463000 units, below the heightened expectations of around 470,000 from the buy-side and just slightly above the consensus estimate of 462,000. Is this a typical market overreaction on data or the start of a stronger correction ahead of the Robotaxi event next week? Well from a technical standpoint, our thesis on Tesla is well known and hasn't changed since the August 15 update (see chart below), where we called for a $380 target within the long-term Channel Up: Even on the more short-term 1D time-frame, we can see that the stock is respecting a Channel Up pattern that started on the August 05 bottom and for the past 30 days has been supported by the 4H MA50 (blue trend-line). The last correction like the one we're having this week, was from August 20 to 28, which then rallied by +30.50%. As a result, the minimum Target now for November is $310. ------------------------------------------------------------------------------- ** 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:TSLALong
by TradingShot
Tesla Stock Slips as Deliveries Miss ExpectationsTesla (NASDAQ: NASDAQ:TSLA ) saw a notable decline of 5% in early trading Wednesday following the release of its Q3 2024 delivery and production numbers. While the electric vehicle (EV) giant reported 462,890 deliveries—slightly above analysts' predictions—investors had anticipated higher performance, leading to a sell-off. This drop brings NASDAQ:TSLA down to $244.86, reflecting the ongoing battle between Tesla’s robust market presence and increasing competition from global automakers. Q3 Delivery Report: Falling Short of the Hype Tesla (NASDAQ: NASDAQ:TSLA ) delivered just under 463,000 vehicles in Q3 2024, surpassing the 461,000 estimate, but investor sentiment seemed to have set loftier expectations. The production numbers were similarly positive, with Tesla (NASDAQ: NASDAQ:TSLA ) producing 469,796 vehicles, up from the 430,488 vehicles produced a year ago. Despite this growth, the stock slipped as the market had expected a more substantial increase to sustain the company’s valuation, which had already jumped 32% in the previous quarter. Analysts from Wedbush described the report as "a step in the right direction" but also noted that some investors may have been looking beyond these delivery figures, anticipating the October 23 earnings report and the unveiling of Tesla’s much-discussed "robotaxi." Still, Tesla faces ongoing headwinds, especially in the competitive EV landscape. Competition Heats Up Tesla’s dominant position in the EV market is increasingly challenged, especially by Chinese automakers like BYD and Geely, as well as emerging rivals Li Auto and Nio. In the U.S., Rivian, Ford, and General Motors are all making headway into the EV space, with GM recently reporting a 60% year-over-year increase in EV sales. Even with Tesla maintaining a significant lead in the U.S. market, these rising competitors are placing pressure on its growth trajectory. Tesla’s lack of specific delivery guidance for 2024 raises additional concerns. Although the company’s sales are growing, its ability to maintain such momentum amid fierce competition is in question. Analysts will be closely watching Tesla’s October 23 earnings report, with a particular focus on profit margins and how Tesla navigates the balance between maintaining its market share and controlling production costs. Technical Analysis: The Chart Speaks Volumes On the technical side, NASDAQ:TSLA ’s stock is showing signs of weakness. As of the time of writing, the stock has dropped 3.57%, with a Relative Strength Index (RSI) of 57.43—an indicator that the stock is losing its buying momentum and moving closer to a neutral or selling zone. While Tesla (NASDAQ: NASDAQ:TSLA ) remains above its 50-day and 200-day moving averages, suggesting underlying strength, the dip in RSI indicates potential volatility. Tesla’s ability to stay above key moving averages amidst such market pressure will be critical in determining its next moves. Investors should keep an eye on whether the stock can sustain levels above its moving averages or if further selling pressure will drag it down into a correction territory. As the market awaits the earnings report later in the month, these technical patterns could provide a roadmap for short-term traders. Tesla’s Future: More than Just Deliveries Tesla’s long-term growth story remains intact, bolstered by innovations like self-driving technology and upcoming projects like the robotaxi. However, the EV maker must continue to outpace competitors and reassure investors that it can meet growing demand without sacrificing profitability. As the global EV market matures and competition ramps up, Tesla’s ability to innovate while maintaining healthy margins will be the key to its future success. In conclusion, while Tesla’s Q3 delivery numbers met expectations, they fell short of the hype, leading to a sell-off. The stock remains technically strong, but investors should be cautious as it approaches critical RSI and moving average levels. With earnings just around the corner and Tesla’s next big product reveal on the horizon, the coming weeks will be pivotal for the company’s stock performance.
NASDAQ:TSLA
by DEXWireNews
TSLA Approaching Key Breakout: Targeting $410Tesla (TSLA) is approaching a critical technical juncture, nearing a multi-year resistance trendline that has capped previous rallies. With strong momentum and improving fundamentals, a breakout above this level could signal a significant upside move, positioning TSLA for a potential rally toward $410. The company's continued innovation in EV technology and expanding energy division offer further growth catalysts, making it an attractive opportunity for bullish investors. A clean break of this resistance would confirm the bullish trend and open the door to new highs. Disclaimer: These are my personal thoughts and not financial advice. Please do your own research before making any investment decisions.
NASDAQ:TSLALong
by jstrasburger
Oil gold Tesla10 2 24 I started with crude oil looks like it might go higher and might be what some people would call a spike trade which will drive the market much higher. I listen to the video before I uploaded it and I made a mistake regarding Spike trades which look for the market to double the range of the Spike... not triple the range. gold is in a Range box and in this example I have two different size range boxes and I completely cleaned the chart and Drew it using the tools that I look at and then I discussed the details and then you can decide if using range boxes and ABCD patterns Etc work for you. I think the gold market has an ambivalent set up and that the market might go higher or lower.... and that's not bad because it tells me I don't know what the true advantages for me at this point...so if I was not in the market I wouldn't make a decision to trade it at this point. if I were already long in this market it is conceivable that I would say to myself to take the money if I were already profitable and wait but that is a personal decision based on personality as much as anything. my experience is that if you use the tools that I'm using and there will be times when you're not sure about a trade but you will find great setups that you're pretty well certain are good trades and that's usually when markets have been moving higher and they come back to a support area and now you're seeing a two-bar reversal going higher........but if you can be patient with bullish markets that are making new highs and you can wait for the buyers to give up on the market.... these are very good trades as well but they're tougher to trade.
NASDAQ:TSLA
by ScottBogatin
Tesla - Breakout After Almost 4 Years!Tesla ( NASDAQ:TSLA ) is finally breaking out of the triangle pattern: Click chart above to see the detailed analysis👆🏻 After a 4 year consolidation, Tesla is finally attempting to break out of the long term bullish triangle pattern. The monthly candle still needs to close but everything is pointing towards a major move higher, with the first target being the previous all time high from 2022. Levels to watch: $250, $370 Keep your long term vision, Philip (BasicTrading)
NASDAQ:TSLALong
by basictradingtv
12
Tesla are we going to 268 or 272 which one is IT???? Good morning Traders Grab some coffee or a tea and lets get into it First I do a little bit of wave counting to get you up to speed on where we are going and why Second I do some four hour projections and 30 minute to figure out our levels going up Third add in a little spice and throw that pitchfork in to wrap it up all nice Enjoy the video, if you want more videos or different types of videos please let me know in the comments section. My ultimate goal is give you the audience what you need and the skills to become a more profitable and better trader so you too can hit your trading and lifestyle goals Happy hunting for those trades MB Trader
NASDAQ:TSLALong
by Mindbloome-Trading
Tesla Trades That Hit The Mark: 75% and 30% Gains Explained! Two successful Tesla trading ideas, one from April and one from August. April entry would now be around 75% up, and August entry around 30%. Both ideas show how technical analysis can accurately time the market and generate returns. Future resistance levels could indicate potential price consolidation. This year, I shared two ideas about Tesla: The first idea in April. The second idea in early August. If you bought Tesla stock in April and still hold it, you should be up about 75%. If you entered in August, your position should be up around 30%. Both ideas played out exactly as predicted, proving once again that technical analysis helps to time the market and put your money to work as quickly as possible. While fundamental analysis tells what should happen, technical analysis shows what actually happens. April Idea Criteria: Strong area, confirmed by powerful candles in late 2022 and early 2023. Mid-round number of $150. Small liquidity zone around $150. Smooth descending price movement into the zone I shared. August Idea Criteria: Break above $200 with a powerful candle. Break above a long-term trendline, again with a strong candle. Price pulled back to the breakout area: 3.1 Retest of $200, now acting as support. 3.2 Trendline retest. 3.3 Historically strong area around $200 – several rejections before. What’s Next? If you are still holding, the next target could be around $280–$300. This is the next strong resistance level. As you can see from the chart, this area has multiple rejections in the past. It might be a good idea to take some profits, as the price could get stuck here for a while, and it’s uncertain how and when it will break through. Summary: This is a great example of how technical analysis can guide you to better price entries, potentially leading to higher returns in the future. It does take some experience, but these criteria are not hard to spot once you know what to look for. It’s definitely not rocket science to master the basics. All the best, Vaido
NASDAQ:TSLA
by VaidoVeek
3
TSLA for tomorrow Oct. 1, 2024Current Price Action TSLA is currently in an ascending wedge pattern, which is typically a bearish reversal signal. However, it’s important to confirm if the breakout is to the upside or downside. Price is hovering around $261.98, nearing a key resistance level at the top of the wedge, which could signal either a breakout or a rejection. Support and Resistance Levels Resistance Levels: $262.66 - $264.87: This zone is significant resistance, as the price has previously struggled to break through it. A confirmed breakout here could lead to further upside. $270.00 - $276.00: Should TSLA break above $264.87, the next target would be psychological resistance at $270 and further up to $276. Support Levels: $260.46: This is the immediate support, just below the current price, providing short-term strength. $251.54 - $249.89: Strong support zone where buyers have previously stepped in. A break below this could signal further downside pressure. $242.51: The last significant support level visible on the chart, marking the lower boundary for potential bearish moves. Entry and Exit Points Bullish Entry: Look for a clean breakout above $264.87 on high volume, which would indicate strength and momentum to the upside. A confirmation here could offer a long entry with a target of $270 or $276. Bearish Entry: A rejection around $262.66 - $264.87 would provide a potential shorting opportunity. If the price breaks back down below $260.46, it would confirm the bearish case with a target of $251.54 or $249.89. A breakdown from the ascending wedge pattern to the downside would further confirm the bearish sentiment, aiming for $242.51. Exit Points: Bullish traders can take profits around $270 - $276, but keep an eye on volume and momentum for a continued move higher. Bearish traders should look to take profits around $251.54 - $249.89, with a more extended target near $242.51 if downward pressure continues. Suggested Direction Bullish Case: If Tesla manages to break through the resistance at $264.87, it would suggest bullish momentum, potentially targeting $270 and beyond. Look for strong buying volume to confirm this move. Bearish Case: A failure to break through the $262.66 - $264.87 resistance zone and a subsequent breakdown below $260.46 would signal a potential reversal, confirming the bearish wedge pattern. A downside move could lead the stock to test support levels at $251.54 or lower.
NASDAQ:TSLA
by BullBear-Insights
Still short tesla daily viewOnce again I get a lot of flack when I post shorting cult stocks but I called that last rejection. I am enjoying staying short here as a big tech market hedge as well. There is a chance value stocks start to take over, and crypto. On the daily chart TSLA is printing the same long legged doji rejection candle as last time signaling a double top. This is in alignment with the golden momentum fib which means sellers are likely to take control here if they cant push through here with a squeeze. My position is small but the upside is large on my TSLL puts
NASDAQ:TSLAShort
by Apollo_21mil
Is Tesla's Robotaxi the Future of Urban Mobility?Tesla, the electric vehicle pioneer, is poised to disrupt the automotive industry once again with its highly anticipated Robotaxi. As the company prepares to unveil this groundbreaking innovation, the world is abuzz with excitement and anticipation. But can Tesla truly revolutionize urban mobility, or will the challenges of autonomous driving prove too insurmountable? The Robotaxi industry is still in its infancy, with companies like Waymo and Baidu taking early strides. However, Tesla's entry into this space could have a profound impact, given its strong brand recognition and loyal customer base. The company's advanced Full Self-Driving technology, coupled with its expertise in electric vehicles, positions Tesla as a formidable competitor. Yet, the road ahead is fraught with challenges. Regulatory hurdles, safety concerns, and intense competition will test Tesla's mettle. The company must navigate a complex regulatory landscape, ensure the safety of its passengers and pedestrians, and develop suitable infrastructure to support the widespread adoption of Robotaxis. Perhaps Tesla's greatest advantage lies in its existing customer base. Tesla owners are known for their early adoption of new technologies, which could give the company a leg up in gaining acceptance for its Robotaxi service. However, public trust and acceptance will be essential for the success of this revolutionary concept. As Tesla prepares to unveil its Robotaxi, the world watches with bated breath. The future of urban mobility hangs in the balance. Can Tesla overcome the challenges and usher in a new era of transportation? Only time will tell.
NASDAQ:TSLALong
by signalmastermind
Possible down move, but need to test ST first...OK I'll try again... down we go? So if you saw my other post(s), after we cleared 235 I realised I got where we were wrong in the pattern - I got out when it hit 235 and have just been waiting on the side lines for my next move, but I'm back in as of next week. It looks like we are hitting this 260-270 range, and we should be looking to go short really soon. We're about to hit 0.618 on the fib extension + number of resistance areas + triggers coming up in following trading days. I think 220 range ideally (hitting 0.5 fib) for this move down (230 would be a safe one though). Here's an example of some previous uptrends, and you can see the similarities in the structure we're currently looking at. It can push a little longer along the white resistance line (like at the red arrow + channel example), so this could see it keep trickle up, but we're in the right area at this point IMO, and it could be something coming up on this weeks calendar. We’ve also got on multiple VWAP anchor periods, we’re firmly in resistance on pretty much every level - If we don’t start dropping out Monday, Tuesday almost undoubtedly? But let’s not focus on time scales. Whatever the case, there's too much going on around this 260-270 range for it not to ping down, even if for a quick play - could be totally wrong on all this, but I'll do some more updates in the coming week. Let me know your thoughts.
NASDAQ:TSLAShort
by ash4zeker
16
Tesla: “We, Robot” Taxi of the FutureTesla has been in the spotlight in the U.S. stock market, driven by its remarkable performance in 2024 and its ability to adapt to changing market conditions. Tesla shares have shown recent growth of 2.45%, remaining a key player in the technology sector, even as the market's focus has begun to diversify beyond tech giants. Looking at last year's earnings progression in December versus this year's performance, Q1 2023 vs. 2024 earnings performance was clearly lower in the current year, Q2 2023 vs. 2024 was more positive than last year. The main catalyst for the company is the impending release of Q3 delivery figures, which are expected to be announced on October 2. Analysts anticipate that Tesla will report approximately 462,000 deliveries, which would represent a 6% increase compared to the same period last year. This growth is largely due to increasing demand in key markets, such as China, where government subsidies have helped boost sales. In addition to deliveries, Tesla is preparing to unveil its Robotaxi on October 10, at an event that promises to revolutionize the future of autonomous vehicles. Elon Musk has raised expectations by describing this launch as the most important since the unveiling of the Model 3. While Tesla has been a pioneer in the electric vehicle market, in the field of robotaxis it has lagged behind competitors such as Waymo, the Alphabet subsidiary, which currently leads the industry in the U.S. with more than 100,000 weekly trips in cities such as Los Angeles, San Francisco and Phoenix. Despite the enthusiasm, many analysts suggest tempering expectations, as mass adoption of robotaxis is likely to take at least a decade due to regulatory hurdles and safety concerns. According to experts, Tesla must demonstrate concrete technological advances and provide a clear vision for the scalability of its robotaxis in the U.S. market. Meanwhile, other companies, such as Baidu in China and Cruise in the U.S., are also making progress in developing autonomous driving. Although the road to a large-scale robotaxi market is long, this sector is expected to grow significantly in the coming years, with Tesla and Waymo as key players. In terms of its financial performance, Tesla has a solid “financial health score” of 3.0 out of 5.0, according to AI-backed model evaluations. This highlights its robust fundamentals and dominant position in the electric vehicle sector. However, the company also faces pressure from inflation and a challenging economic environment, which could affect consumer spending. The next few weeks will be crucial for Tesla. Investors will be watching for third quarter financial results and how the company responds to increasing competition and market conditions. Tesla's success depends not only on its ability to innovate, but also on its ability to navigate a rapidly evolving landscape in both electric vehicles and autonomous driving. Looking at the technical side, currently the RSI at 67.67% slightly overbought may extend above the channel its move in the direction of $275-$300 per share, recovering prices from June last year. I feel this a cyclical company it is possible that we may see a sharp correction subsequent to $185 if results do not match expectations which should match those of the previous quarter, according to prior years data. In summary, Tesla is at a crossroads where its ability to grow in the future will depend on how it adapts to market challenges and its ability to maintain its status as a leader in the electric vehicle industry. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Editors' picks
NASDAQ:TSLALong
by ActivTrades
2