TSLA Rebounds from $164.76 Support LevelMy TSLA forecast has been one of my most accurate predictions so far, and TSLA has reached the $164.76 price target discussed in my previous updates. NASDAQ:TSLA initially dipped below the $164.76 support level, but had a bullish rebound at the support line. TSLA is red today, but could be forming a bullish retest of the $164.76 support line. I would keep an eye on the $164.76 support level on the way down to see if it holds or whether TSLA loses support here.
Tesla Motors (TSLA)
TSLA - Solid Bullish Divergence TSLA has been a solid short but I have a hard time believing that this stock is down for the count. Apparently I am not the only person who is thinking this way because in spite of the downside price action, the RSI (Relative Strength Index) is indicating that sentiment is overall bullish still and price should reflect it in the short term. I don’t know if I feel super bullish with the macro outlook but as far as expecting a decent bounce out of TSLA in the short term- probability points to more likely than not- upside price action in the short term.
Tesla Shares Up 6.3% on Model Y Price Hike in US, EuropeIn a strategic maneuver to bolster sales and navigate shifting market dynamics, Tesla ( NASDAQ:TSLA ) recently announced price hikes for its Model Y electric vehicles across select regions, triggering a surge in its stock price amidst a backdrop of evolving challenges and opportunities.
Seizing Momentum Amidst Price Adjustments:
Tesla's decision to increase Model Y prices in both Europe and the United States has sparked a flurry of investor interest, propelling its shares by nearly 7%. The move, which includes a $1,000 hike for U.S. customers and a 2,000 euros increase for European buyers, underscores Tesla's agility in responding to market conditions while seeking to optimize revenue streams.
Navigating Market Sentiments:
Despite the immediate market enthusiasm, analysts remain cautious, citing concerns over persistently high Model Y inventory and interpreting the price adjustments as a short-term sales stimulus rather than a reflection of robust demand. Goldman Sachs analysts, in particular, have revised their 12-month price target downward, highlighting challenges in Model 3 production ramp-up and operational disruptions at Tesla's Berlin gigafactory.
Evolving Market Landscape:
Tesla's strategic maneuvers unfold against a backdrop of evolving market dynamics, including reduced electric vehicle subsidies in Europe, intensifying competition in China—the company's second-largest market—and signs of slowing demand. While analysts acknowledge Tesla's strong position in the electric vehicle and clean energy sectors, they caution that near-term market conditions could impact earnings and growth trajectories.
Strategic Outlook:
Despite near-term headwinds, Tesla ( NASDAQ:TSLA ) remains well-positioned for long-term growth, leveraging its market leadership and technological prowess in the electric vehicle and clean energy sectors. The company's ability to navigate market challenges while sustaining innovation will be pivotal in shaping its trajectory in the competitive landscape of the automotive industry.
TSLA at weekly support, likely to bounce to at least 200 areaThe price had hit the weekly support WS1 after getting rejected from weekly resistance WR1. After hitting WS1, the price has bounced and I believe this bounce will continue towards weekly resistance WR1. Therefore, this present an opportunity to go long on this one for the target at least to the weekly resistance WR1. There is a possibility of it breaking this resistance and move towards monthly resistance MR1. However, we shall re-evaluate the price action in case it reaches to the first target at WR1.
$TSLA recovery sooni expect a recovery from NASDAQ:TSLA in the next weeks.
But currently MACD, KDJ and Vortex Indicators show oversold levels but no reversal signs yet.
Tesla needs to show a structure of reversal first (higher low, higher high)
For long-term accuulation this is a good entry level also for dollar cost averaging.
TESLA: Long Trade Explained
TESLA
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long TESLA
Entry Point - 163.56
Stop Loss - 152.38
Take Profit - 186.82
Our Risk - 1%
Start protection of your profits from lower levels
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Institutional purchase at $165 : I hope I'm not mistaken.I bought earlier because I couldn't manage my emotions hahaha. Since it was at 210 or 215, I had placed my orders at $165, but I couldn't resist FOMO during the drop lol.
Earnings are forecast to grow 10.62% per year
Earnings grew by 19.2% over the past year
TESLA The time to buy is NOW. Huge +40% upside.Tesla / TSLA hit the Falling Support today, which is the bottom of the Bearish Megaphone started after the July 19th 2023 High.
On top of that, the 1day RSI turned oversold, entering the Support Zone that has priced all 4 bottoms and buy opportunities since the April 27th 2023 Low.
That Low was at 152.40, marginally under the current price.
As you realize, this is technically the strongest buy opportunity of the year and in price action terms, looks very much like the April 2023 bottom.
Keep a medium term perspective, buy and target the 1day MA200, near the Falling Resistance and just under the 0.786 Fibonacci at 230.00.
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Tesla - Confirmed BreakdownHello Traders, welcome to today's analysis of Tesla.
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Explanation of my video analysis:
For more than three years, Tesla stock has been trading in a bullish flag formation. Two months ago Tesla once again retested the upper resistance trendline and failed to break out towards the upside. There are two major support levels below current market price which I do expect Tesla to retest. Then you can absolutely consider long setups again on Tesla stock.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Worldwide misunderstanding for Polestar 😄Trading at 87.5% below our estimate of its fair value
Revenue is forecast to grow 35.64% per year
Trading at good value compared to peers and industry
Risk:
Negative shareholders equity
Has less than 1 year of cash runway
Currently unprofitable and not forecast to become profitable over the next 3 years
Volatile share price over the past 3 months
Polestar has tried everything. Collaboration with Renault to "sublet" production plants (future plant in South Korea). Breakaway from Volvo. Lower prices for Polestar 3 and 4 cars. But nothing worked. The stock continues to sleep, brain-dead.
The shorts keep piling up, day after day after day...
As a huge investor in this stock, I myself look away. I start buying a China ETF, Porsche, European stocks like Nestlé or Swatch or Zalando or Kering... no one in my entourage can hear about Polestar anymore haha
TSLA Bearish outlookTsla looks bound to hit the next bottom support which is 163
RSI is not even oversold yet so there is a chance that it can go below 163 and next stop would be 150-152 range
150 is the channel bottom as well . so we might have a chance of a bounce back technically.
If it goes below 150 and a trading day closes below 150 then we are going to 100-105 range which is the ultimate rock bottom for TSLA
Tesla Faces Headwinds: Analysts Downgraded TSLA StockTesla ( NASDAQ:TSLA ), the electric vehicle (EV) pioneer, finds itself at a crossroads as analysts' sentiments diverge on the company's prospects. Recent downgrades and contrasting opinions reflect uncertainty surrounding Tesla's ( NASDAQ:TSLA ) delivery expectations, pricing strategy, and the viability of its next-generation vehicles. Let's delve into the nuanced landscape of Tesla's stock analysis and the divergent views shaping its trajectory.
Downgrades and Concerns:
Wells Fargo's downgrade of Tesla ( NASDAQ:TSLA ) to underweight, with a reduced price target, highlights concerns over disappointing first-quarter deliveries and ongoing price cuts. The firm's skepticism extends to Tesla's next-generation offering, particularly the economics of the anticipated Model 2. Everscore's projection of delayed ramp-up for Tesla's cheaper vehicle further compounds apprehensions, indicating potential challenges ahead.
Optimism Amidst Uncertainty:
Despite the prevailing skepticism, Wedbush Securities' analyst Dan Ives maintains an outperform rating for Tesla, albeit with reduced Q1 delivery expectations. Ives remains bullish on Tesla's long-term prospects, emphasizing a positive outlook for deliveries throughout the year. His optimism stems from observations during a recent trip to Asia, suggesting a slowdown in price cuts and potential stabilization in demand, benefiting Tesla and the broader EV industry.
Contrasting Views on Earnings and Performance:
Analyst consensus for Tesla's 2024 earnings paints a mixed picture, with projections below 2023 levels, indicating another year of negative growth. Morgan Stanley's Adam Jonas echoes concerns, lowering earnings projections and envisioning potential losses for Tesla in 2024. Despite trimming his price target, Jonas maintains an overweight rating, underscoring the complexity of Tesla's performance outlook amidst evolving market dynamics.
Market Response and Outlook:
Tesla's ( NASDAQ:TSLA ) stock performance reflects investor uncertainty, with recent declines and contrasting analyst opinions shaping market sentiment. As Tesla ( NASDAQ:TSLA ) navigates through delivery challenges, pricing adjustments, and the development of next-generation vehicles, stakeholders remain vigilant for signs of sustained growth and profitability. With Tesla's position in the EV landscape evolving, market watchers await clarity on its strategic direction and execution in the coming quarters.
TSLA - Are you Ready for the Ride?🚘Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 TSLA has been overall bearish , trading within the falling channel in blue.
However, TSLA is currently approaching the lower bound of the channel acting as a non-horizontal support.
Moreover , it is retesting a strong demand zone at 150 - 165 marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline.
📚 As per my trading style:
As #TSLA is around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
TSLA bearish outlookIf you follow me then you know that we played the GAP fill on NASDAQ:TSLA with success and now we look to change our view and go bearish. Some have sized this up as a Bear Flag but i see a rising wedge formation that has broken down and we look to short $TSLA. I have given it room to move with such a massive move down but we should see continued weakness and a break of the recent bottom.
TESLA: Long Trade Explained
TESLA
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long TESLA
Entry Point - 175.34
Stop Loss - 168.70
Take Profit - 191.02
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️