tesla (head and shoulders probability (negative)) tslaAnalyzing and examining Tesla in the time frame of 1h, the possibility that Tesla has a temporary correction is high. And this action can bring the price closer to the previous uptrend that was broken (ie the 260 range). In this case, it is a pullback. and will confirm failure. If it cannot return to the trend, which there is a high probability that it cannot enter the trend, in this hypothesis close to the trend, if the sales volume increases, it can start falling and reach the 240 range again. This time, in this hypothesis, the probability of breaking the 240 range will be high. It will cause the formation of negative head and shoulders. And after breaking this range, which is a negative head and shoulder collar, it will fall to the 214 range. But if the white trend line, which is Tesla's long-term trend, breaks upward, this hypothesis will be violated.
Tesla
TSLA - Is A Big Bounce In Progress??!!Technical Analysis:
- As you can see, wave (II) in blue has been completed and wave I in red is in progress
- Wave ((1)) and wave ((2)) in black have already been completed from wave I in red
- H1 & H4 right side is turning up
- Invalidation level 1 can't be crossed in short term
Technical Information:
- If you're a swing trader, wait for wave ((4)) in black to be completed to buy
- If you're a position trader, wait for wave II in red to be completed to buy
Tesla's Future: Navigating Challenges and Seizing OpportunitiesTesla's Future: Navigating Challenges and Seizing Opportunities
Over the past five years, Tesla has experienced an extraordinary journey, with its shares in the electric vehicle (EV) sector skyrocketing by an impressive 1,263%, far outpacing the S&P 500's more modest 54% return during the same period. While the company currently faces immediate challenges, including intensifying competition and industry price wars, its future prospects may shine even brighter than its past achievements. Let's delve deeper into what the next five years could hold for this pioneering company.
The EV industry has seen a steady increase in competition, as startups and established automotive giants vie for a piece of the rapidly expanding market. For Tesla, this heightened competition has led to price wars and a squeeze on profit margins. In the second quarter, the company's operating margin declined from 14.6% to 9.6% as it reduced prices across its entire vehicle lineup.
In the short term, these challenges present obstacles for Tesla's stock because lower margins can result in reduced profits, even if revenue continues to grow. However, long-term investors should focus on the bigger picture.
Analysts at Goldman Sachs project that EVs will constitute half of all global new car sales by 2035, with this percentage soaring to over 85% in the United States and the European Union. As of 2022, EVs account for just 14% of worldwide new car sales, indicating that the industry is still in its early stages. Therefore, it makes strategic sense for Tesla to prioritize expanding its long-term market share, even if it means sacrificing short-term profits. Tesla's significant scale and profitability will also enable it to outperform competitors that are currently operating at a loss, such as Rivian or Lucid.
Tesla's management has outlined plans to reduce prices on next-generation vehicles through technological advancements and manufacturing efficiencies. If successful, these endeavors could create room for further price reductions while safeguarding Tesla's profit margins.
During Tesla's Investor Day presentation in 2023, the company's leadership unveiled an ambitious vision that extends beyond being just an automotive manufacturer, aiming to diversify into various clean and renewable energy endeavors. Over the next five years, one of the most promising non-automotive business segments for Tesla could be energy storage and generation. This sector involves the sale and installation of solar panels and stationary batteries for residential and commercial customers.
In the second quarter, Tesla's energy division generated $1.5 billion in sales, accounting for approximately 6% of its total revenue. What's truly remarkable is its year-over-year growth rate of 74%, surpassing the growth rates of the automotive and services segments, which stood at 46% and 47%, respectively. This rapid expansion suggests that over the long term, energy may play a more substantial role in Tesla's revenue makeup, bolstering top-line growth and providing essential diversification.
Tesla's management is making significant investments to seize this opportunity by expanding its production infrastructure. In April, the company unveiled plans for its second "megafactory" in Shanghai, China, with the capacity to produce 10,000 storage batteries annually. This strategic move could help reduce costs and make Tesla's energy products more widely available.
While Tesla's stock currently carries a forward price-to-earnings (P/E) multiple of 62, which might seem steep, especially considering the short-term challenges posed by industry competition and price wars, investors with a long-term perspective should take note of the company's remarkable growth trajectory and its well-defined strategy to dominate the mass market for electric vehicles in the coming five years and beyond.
Despite its nearly $900 billion market capitalization, Tesla remains a quintessential growth stock that has not yet reached its full potential, especially as new business verticals like energy storage gain momentum. In the stock market, one often gets what they pay for, and companies with the most promising prospects typically command a corresponding premium. Tesla exemplifies this principle, consistently demonstrating its capacity for innovation and growth in the ever-evolving electric vehicle and clean energy landscape.
TESLA Will Explode! BUY!
My dear followers,
This is my opinion on the TESLA next move:
The asset is approaching an important pivot point 244.73
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 259.37
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
SPX READY TO LONG SPX LONG UNTIL 4600
Microsoft Rolling out Pilot 365
Iphone Pro Max Titanium Sales for Christmas
Nvidia Bullish
Amazon Sales for Christmas
Technical reversal
Be Patient
SIze According to your Posotion
Focus on Price action
do NOT Over trade
LET THE MARKET COME TO YOU !!!
DO NOT CHASE THE MARKET !!
Cafe City Studio 2024
Stay Profitable !! GBA !!
Electrifying Your Portfolio: Tesla's Long-Term Potential BUYHello Traders:)
Let's start by recognizing the overall trend in the electric vehicle sector.
Global sales of electric vehicles have more than doubled in just two years, marking a sixfold increase compared to 2020. Considering the future bans on the sale of gasoline-powered cars, this trend is expected to be sustained and even strengthened in the near future. This provides us with a macroeconomic justification for seeking long-term buying opportunities in this industry. Given the immense growth potential in Tesla, it's worth considering allocating exposure to this market through this particular company.
Currently, Tesla is trading at 66% below its all-time high. Assuming a bright future for this industry, this could translate into significant growth potential.
But is now a good time to enter?
To assess this, we can first look at the Global X Autonomous & Electric Vehicles ETF, which represents the global outlook for potential growth in this sector. I've chosen this ETF because it provides worldwide exposure to this industry.
As seen on the daily chart, the ETF is currently retesting the price breakout from the beginning of the year and the lower market profile from both two months ago and the current month. This creates a very strong demand level, making it an excellent entry point with low risk for potential gains. This opens up the overall opportunity to explore chances in this sector here and now. Instead of going long on this or a similar ETF, it's better to select a single company because the potential for one company's growth outweighs the percentage increase of the entire ETF. Therefore, choosing a dynamically changing stock like Tesla seems like a very sensible solution for maximizing potential profit.
And finally, Tesla itself... It currently appears to be a great moment to accumulate shares before a potential upward rally. This is because we are currently witnessing a retest of the upper band of the yearly VWAP (Volume Weighted Average Price) and the lower band of the monthly Market Profile.
I consider the scenario to have begun after a signal was generated from this point by the Heikin Ashi 1D candles. This could potentially be held for long-term growth or until negative environmental/company news arises. The entry could be negated if there is a clear breakthrough below the upper band of the yearly VWAP. In that case, patience should be exercised in seeking a new entry opportunity, perhaps from within the VWAP or upon a retest and breakout above the upper band of the VWAP.
Additional confirmation comes from the ongoing retest of Tesla's weekly moving average, which can currently be interpreted in the same way as the upper boundary of the yearly VWAP.
Good luck!
TESLA backtested resistance - bullishHi Traders,
In this analysis, we will take a look at TESLA on the weekly time frame.
Let's see what is going on here:
In June 2023 Tesla broke the downsloping resistance line and made a beautiful move towards 0,618 fib leve which was a target for bulls . RSI hit overbought level (70) and we got a pullback.
But what just happened? The price BACKTESTED previous resistance and confirmed it as a support. We got a solid bounce on the weekly timeframe and bullish engulfing candle which should imply more upside in the next weeks.
The target for bulls: 340 -345 $ , but if bulls are very agressive they may target even 385 $.
From there we expect a major correction.
Do you agree?
$TSLA It shows a repeated Pattern! It show a Pattern we have seen before.
I see Tesla going till 400/600, but I believe it's not yet that moment.
Why not go low and get all the Buyers back in to FLY TO THE MOON.
Tesla is still the most Famous stock because of Elon Musk.
If he doesn't change, get sacked (Steve Jobs) or stops Tesla.
It will be the Future product!!!!
TSLA in Early Talks with Saudi Arabia to Open EV FactoryBrace yourselves, because Tesla (TSLA) is in early discussions with none other than Saudi Arabia to establish a groundbreaking electric vehicle (EV) factory. This announcement has sent shockwaves through the market, and I couldn't be more excited to share the potential it holds for all of us.
Imagine the possibilities! Tesla, the trailblazer in the EV industry, joining forces with one of the world's most influential nations. This collaboration has the potential to reshape the future of transportation and solidify Tesla's position as the undisputed leader in the EV market.
The Saudi Arabian government, recognizing the immense potential of electric vehicles, is keen to invest in this transformative technology. They understand that Tesla's visionary approach and groundbreaking innovations have revolutionized the automobile industry, and they want to be a part of this remarkable journey. This early-stage discussion indicates a strong commitment from both parties to drive sustainable mobility forward.
Now, let's talk about the enormous opportunities this collaboration presents for us as traders. The potential establishment of an EV factory in Saudi Arabia could translate into a significant boost in production capacity for Tesla, enabling it to meet the ever-growing global demand for electric vehicles. This expansion would undoubtedly lead to increased revenue and, consequently, a potential surge in TSLA stock value.
So, where does this leave us? It's time to seize this moment and consider a long position on TSLA. With the early talks between Tesla and Saudi Arabia underway, we have a unique chance to ride the wave of optimism and reap the rewards of this potentially game-changing partnership.
In light of this exciting news, I urge you to conduct your due diligence and analyze the potential impact this collaboration could have on Tesla's market position and stock performance. Keep a close eye on any further developments and market indicators that could influence TSLA's trajectory.
Remember, successful traders are always alert to emerging opportunities, and this collaboration between Tesla and Saudi Arabia has the potential to be a game-changer. Don't miss out on the chance to be part of this electrifying journey!
Stay tuned for more updates, and let's ride the wave of innovation together!
www.wsj.com
PSNY Polestar Forecast: 2nd Quarter 2023 Results & DevelopmentsPSNY Stock Forecast: Second Quarter 2023 Results and Recent Developments
Delivered 27,841 vehicles by June, aiming for 60–70k deliveries in 2023: Polestar delivered nearly 28,000 vehicles by June and has ambitious plans to deliver between 60,000 to 70,000 vehicles in the entire year of 2023.
Q2 saw 15,765 vehicle deliveries, a 36% YoY increase: In the second quarter (Q2), Polestar delivered 15,765 vehicles, which is 36% more than what they delivered during the same period the previous year, indicating growth.
Established a strategic joint venture with tech company Xingji Meizu Group: Polestar formed a significant partnership with Xingji Meizu Group, a technology company, to collaborate on their electric vehicle (EV) initiatives.
Focused on expanding in the Chinese EV market: Polestar is actively working to grow its presence in the Chinese market for electric vehicles (EVs) and is taking steps to strengthen its offerings there.
Upgraded Polestar 2 deliveries, achieving a production milestone of 150,000: Polestar improved its Polestar 2 model and has successfully produced 150,000 of these vehicles.
Enhanced Polestar 2 with better software, extended range (up to 650 km), and faster charging (up to 205 KW): The Polestar 2 received upgrades including improved software, a longer driving range of up to 650 kilometers, and faster charging capabilities up to 205 kilowatts.
Adopted the North American Charging Standard for new vehicles in North America starting in 2025: Starting in 2025, all new Polestar vehicles sold in North America will come equipped with charging ports that adhere to the North American Charging Standard.
Achieved $1.2 billion in revenue in the first half of 2023, driven by strong Polestar 2 sales: Polestar earned $1.2 billion in revenue during the first half of 2023, with a significant contribution coming from the successful sales of their Polestar 2 model.
Introduced Polestar 3 and Polestar 5 at Goodwood Festival of Speed with impressive power outputs: At the Goodwood Festival of Speed, Polestar unveiled the Polestar 3 and Polestar 5 models, both of which have powerful engines.
Reduced carbon footprint by 3 tons per car since the start of Polestar 2 deliveries in 2020: Polestar has made significant environmental progress by reducing the carbon emissions associated with the production of each Polestar 2 car by 3 tons since they began delivering these vehicles in 2020.
Collaborating with Mobileye on autonomous driving technology for Polestar 4: Polestar is working in partnership with Mobileye to incorporate autonomous driving technology into their upcoming Polestar 4 model.
Anticipate initial Polestar 4 deliveries in China before the end of 2023: Polestar expects to start delivering the Polestar 4 in China by the conclusion of 2023.
TSLA has a flat?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Still following the green path.
Several ways to label this, but I think a flat here would be an interesting take on things.
There are some levels to hold and pivots to break to be sure.
The Gap and High are nice draws.
TESLA Buyers In Panic! SELL!
My dear friends,
My technical analysis for TESLA is below:
The market is trading on 274.45 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 248.12
Recommended Stop Loss - 288.61
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Big accumulating for Massive Move??? Weekly Chart
455 days that is accumulating phase until now
Doge's touched 3 times and bounced back from support
Daily Chart
Zoom out to easily this accumulating phase
Chart 4H TF
Now, Doge is trading around 0.0616x
BINANCE:DOGEUSDT has resistance zone around 0.0667 and support around 0.0575 if Doge's downed
If BINANCE:DOGEUSDT can break and close above resistance, I expect Doge will go up 0.08
Otherwise, Doge's downed...0.03 is support
Time will tell
A look back and forward to w/c 18th September #TradewithDaveIn the latest #TradewithDave update we consider some of this week’s big events, and take a look at what’s happening in the week beginning 18th September.
US inflation
We had the latest updates on US inflation in the form of the Consumer Price Index (CPI), and the Producer Price Index (PPI). While mixed overall, both reports showed some upside surprises, with Headline year-on-year CPI and month-on-month PPI both coming in hotter than expected. Despite fears that higher inflation could lead to the US Federal Reserve raising interest rates further, all the major US stock indices have continued to rally. In addition, the probability that the US Federal Reserve will announce ‘no change’ to its key Fed Funds rate this coming Wednesday barely moved. According to the CME’s FedWatch tool, there’s a 97% chance that the upper band will remain at 5.50%. We also had the ARM IPO, the biggest initial public offering in two years. The shares were priced at $51 each, valuing the company at $54 billion. It was considered a great success as the stock rallied 25% to close at $63.59 on the first day of trading.
Tesla – rubber hits the road again
Tesla rallied sharply on Monday, ending the session up 10% following an upgrade from Morgan Stanley. Tesla has recovered substantially this year following a drastic sell-off in 2022 on the back of the US Federal Reserve’s programme of aggressive rate hikes. But it suffered a sharp reversal between mid-July and mid-August. Since then, it appears to have found its footing once again. It is up 170% so far this year, trading above $270 per share. But this remains well below the all-time high of $418 hit in November 2021.
Check out Tesla…
Talking of cars…
The US auto sector is in focus as negotiations between major manufacturers Ford, General Motors and Stellantis and the UAW union appear to have broken down. Tensions between the two sides have been mounting as the switch to Electric Vehicles (EVs) has dramatically changed manufacturing priorities. In particular, the move away from making and installing internal combustion engines, in favour of large battery packs. This has resulted in a reliance on battery factories which tend to be ununionized. At the time of writing, around 13,000 workers across all three auto companies have gone on strike. Without a rapid settlement, this has the potential to contribute to a sizeable hit to US growth. Ford and General Motors are both down around 19% since early July, while Stellantis has lost around 10% over the past two months.
Check out Ford…
Apple suffers a setback
Along with many tech stocks, Apple has made back a significant proportion of the fall in its share price during 2022. It rose around 60% from the beginning of this year to mid-July, when it hit a fresh record high around $198, before pulling back sharply over the following month. We then saw it rally again into early September before it slumped 8.5% in two days. This followed reports from the Wall Street Journal that China had banned the use of iPhones by central government officials. The news was denied this week by China’s Ministry of Foreign Affairs spokesperson Mao Ning. But the White House said they were following events with concern, and that China’s actions appear to be ‘aggressive and inappropriate corporate retaliation. Apple doesn’t disclose iPhone sales by country, but research firm TechInsights estimates that there were more iPhone sales in China than in the US last quarter. Despite this pull-back in the share price, Apple remains the largest company in the world by market capitalisation.
Check out Apple…
🔸 Looking ahead to next week
Keeping an eye on ARM
The ARM IPO has been hailed as a sign that the new listings market is bursting back to life after a difficult year in 2022. Indeed, several other companies have announced their intentions to go public including the grocery delivery company Instacart, marketing data concern Klavigo and posh sandal-maker Birkenstock. There are now hopes that the IPO market will really take off in 2024.
Central Banks
Other important events next week include the release of minutes from the Reserve Bank of Australia’s last monetary policy meeting, CPI updates from the Eurozone, Canada and the UK, and interest rate decisions from the Bank of England, Bank of Japan and Swiss National Bank.
The US Federal Reserve
But the biggest event in the calendar by far is the Federal Reserve’s FOMC meeting which concludes on Wednesday evening. As noted previously, the probability of no change in interest rates stands at 97%. However, this is the first FOMC meeting since July when the Fed hiked rates by 25 basis points. It’s also a quarterly meeting which means we’ll see the release of the FOMC’s Summary of Economic Projections. This is where individual members of the FOMC provide their forecasts for inflation, the Fed Funds rate, GDP and unemployment for the rest of this year and beyond. Everyone will be looking for any changes from the last summary in June to provide clues to the Fed’s thinking. Could they now signal that they have raised rates enough, or will they once again caution that inflation could rise again? On top of this, Fed Chair Jerome Powell also hold a press conference which may give further insight into the Fed’s frame of mind.
TESLA: Halfway through the Channel's rally, targeting $325.00Tesla is expanding on the third HH rally of the Channel Up that started exactly at the beginning of the year. By establishing the 4H MA50 as Support since the start of September, the 1D timeframe is on very healthy technicals (RSI = 61.424, MACD = 2.360, ADX = 32.566) giving a buy continuation signal on TSLA.
We are long, targeting the red Triangle area (TP = 325.00).
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