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TSLA trade ideas

Tesla Set to Launch Six-Seat Model Y in China by 2025Tesla Inc. is gearing up to introduce a six-seat version of its Model Y vehicle in China starting in 2025, aiming to refresh the appeal of its top-selling but maturing electric car model. The company has initiated preparations with suppliers to ramp up Model Y production significantly at its Shanghai facility. While details on the expansion of the production plant remain concealed, pending approval for a 70-hectare expansion on former farmland, Tesla continues to show robust performance with a 6% year-on-year increase in Model 3 deliveries in the first half of the year. This move to expand and innovate within the Chinese market is part of Tesla's broader strategy to maintain its competitive edge and adapt to evolving consumer preferences and technological advancements in the electric vehicle sector. Technical analysis of Tesla Inc. (NASDAQ: TSLA) Examining Tesla's stock to offer insights into potential trading strategies: Timeframe : Daily (D1) Current Trend : the stock exhibits an upward trend, recently regaining momentum above the key support level Short-term Target : if the uptrend persists, the immediate target is at 266.00 USD, contingent upon breaking through the resistance at 235.50 USD Medium-term Target : a successful breach of the current resistance could propel the stock towards 300.00 USD Key Support : the crucial support level to watch is at 181.45 USD Reversal Scenario : if the stock breaks below this support, it could signal a potential downtrend, with a downside target of 140.00 USD Market outlook As Tesla prepares to produce the new Model Y variant in China, its stock could see increased investor interest, particularly if it continues demonstrating innovation and market expansion capability. The technical setup is currently bullish, suggesting that, if Tesla can maintain its trajectory and break — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:TSLA
by RoboMarkets
Elliott Wave Analysis on Tesla (TSLA) Looking for Double CorrectShort Term Elliott Wave in Tesla (TSLA) suggests that rally from 4.22.2024 low is in progress as a 5 waves leading diagonal. The internal subdivision of this diagonal is in 3-3-3-3-3. Up from 4.22.2024 low, wave (1) ended at 271 and pullback in wave (2) ended at 181.22. The stock has turned higher in wave (3) with internal subdivision as a 3 waves zigzag structure. Up from wave (2), wave ((i)) ended at 207.65 and dips in wave ((ii)) ended at 188.50. The stock resumed higher in wave ((iii)) towards 219.80 and pullback in wave ((iv)) ended at 212.21. Final leg wave ((v)) ended at 228.22 which completed wave A in higher degree. Pullback in wave B is in progress to correct cycle from 8.5.2024 low with internal subdivision as a double three. Down from wave A, wave (w) ended at 210.2 and wave (x) ended at 221.48. Wave (y) lower ended at 202.13 which completed wave ((w)) in higher degree. Wave ((x)) rally ended at 219.90. Expect the stock to resume lower in wave ((y)) towards 181 – 194 area to complete wave B pullback before the stock turns higher. Near term, as far as pivot at 181.22 low is intact, expect pullback to find support in 3, 7, 11 swing for further upside.
NASDAQ:TSLA
by Elliottwave-Forecast
1
Tesla’s China-Made EV Sales Rise Amid Strong CompetitionTesla Inc. ( NASDAQ:TSLA ) continues to make significant strides in China, the world’s largest electric vehicle (EV) market. According to the latest data from the China Passenger Car Association (CPCA), sales of Tesla’s China-made EVs rose 3% year-over-year in August. Deliveries of the Model 3 and Model Y surged by 17% from July, driven by Tesla’s aggressive strategies to attract local buyers. As the company expands its influence, a closer look at both the fundamental and technical aspects of Tesla’s stock reveals an intriguing narrative for investors. Rising Sales Amid Fierce Competition Tesla’s growth in China is particularly impressive given the fierce competition it faces from domestic EV makers like BYD, Leapmotor, and Li Auto. BYD, Tesla’s biggest rival in China, reported a staggering 35.3% year-over-year increase in sales, reaching a record high of 370,854 units in August. Despite this, Tesla’s consistent performance indicates that it is holding its own, thanks to several strategic moves: 1. Extended Incentives and Financing Options: Tesla has been offering zero-interest loans of up to five years since April, catering to cautious buyers amid a sluggish economy. This strategy has proven effective, especially in smaller cities, where Tesla saw a 78% year-on-year increase in deliveries in tier-three cities and a 47% rise in second-tier cities like Hangzhou and Nanjing. 2. Government Endorsement: Tesla has gained significant government backing, with several local authorities recently approving Tesla models for official car purchases. This endorsement helps Tesla penetrate segments of the market previously closed off due to regulatory restrictions, boosting both its sales and brand credibility. 3. Expanding Product Line: Looking to keep its offerings fresh, Tesla plans to produce a new six-seat Model Y in China starting in late 2025. This move is seen as an effort to appeal to family-oriented buyers and differentiate Tesla from other competitors in the market. Despite a global downsizing of its sales force, Tesla’s China operations have maintained strong sales momentum, thanks to these strategic adjustments. Analysts project that if the current trend continues, Tesla could hit a record quarterly sales volume in China for Q3 2024. Navigating a Mixed Market Environment Tesla’s stock has shown a mixed performance recently, with technical indicators presenting both opportunities and cautionary signals for traders: 1. Price Action and Chart Patterns: Tesla’s stock was up 3% in Friday’s extended trading session but dipped 0.18% in premarket trading on Tuesday. The chart shows a bullish engulfing pattern, a positive signal suggesting that buyers are stepping in at current levels. This pattern, coupled with a moderate Relative Strength Index (RSI) reading of 50.21, indicates a potential uptrend in the near term. If the RSI dips to 40, near the one-month low pivot of $183, a rebound could be expected. 2. Support and Resistance Levels: Tesla’s stock is poised to hold its current levels, with analysts maintaining a “Hold” rating on the stock. Key support lies around $183, while resistance levels hover near $200, indicating that Tesla could be gearing up for a potential breakout if buying pressure increases. 3. Investor Sentiment and Volume: Trading volume and investor influx are critical factors. A surge in these could further propel the stock upward. With the introduction of Tesla’s Full Self-Driving (FSD) feature in China expected by year-end, sentiment could turn increasingly positive, leading to higher trading volumes and bolstered prices. Outlook: A Balanced Perspective Tesla’s ongoing success in China and strategic initiatives point to a promising future, but investors should also be mindful of the broader market conditions. With high competition, economic pressures, and evolving consumer preferences, Tesla’s path forward in China will be closely watched. Technically, the stock shows signs of resilience, but maintaining its trajectory will depend on continued strong sales performance, positive regulatory developments, and the successful execution of new product rollouts. For traders, Tesla offers a balanced risk-reward profile at current levels. The fundamentals provide a strong backdrop, while the technicals suggest that the stock is at a critical juncture. Whether you’re looking to hold for the long term or capitalize on short-term price movements, Tesla remains a key player in the evolving EV landscape. As always, keep an eye on macroeconomic trends and market signals to navigate this dynamic market.
NASDAQ:TSLA
by DEXWireNews
4
Tesla Long - Elon for President?Hello everybody. Storyline: Elon for President? You can bet that Tesla will pump if Trump wins the elections. Besides of that, rising china sales, unveiling the robotaxi etc. pp. There are many things imo which speaks for Tesla while the masses brag about his political views. Market: Decreasing rates, good looking economic data for the US at least. Chart: Keep it simple! Did we create lower low on the weekly? No? Why shouldn't we attack the top 25% of the weekly swing then to confirm that we "really" do wanna go further down. I don't know and it's not in my interest to know if Tesla might even break that prior weekly high, but I do know that we logic wise should attack the top of the swing to either confirm the bearish idea or create even a higher high. Additionally, just as an idea, think of laddering. Look at the higher timeframes how we bounced off major weekly / daily levels and slowly steady climb up. Best of luck!
NASDAQ:TSLALong
by Entropie2020
TSLA down a little more before a rallyThis is just a continuation of my last TSLA post because the comments were getting too long, but my conviction remains the same. I want us to hit a little lower before we head to the upside. Conservatively, just south of 200, with room to hit lower - green circle is the target, with a few support options available to us. With the small sloping distribution currently showing on the smaller timeframe, a push down even lower than that to 180 range looks entirely possible, and with dates like NFP coming up that sees strong pulls in a direction, it fits my narrative. Will do some more updates in the coming days to support the theory, though you can look at my previous post which goes into detail.
NASDAQ:TSLALong
by ash4zeker
42
TESLA: Bullish: Inverted Head and Shoulders "in formation?! TESLA: Bullish: Inverted Head and Shoulders "in formation?! To watch Concerning Tesla, as you can see, we are on the 38.2 Fibonacci of the decline from the historic high of $414 on November 4, 2021 to the low on January 6, 2023. We are currently on the 38.2% Fibonaccio which is not a very high level; in the end. It is the "wolf of Zurich" who has detected a POSSIBLE "inverted head and shoulder" (inverted ETE); which if it becomes valid would give a first target around $245, then $275, and $307 (66% Fibonacci) and finally $400. NB: I calculated all these levels in advance for you 'also thanks to Ichimoku. So on an "inverted ETE" we are watching volumes and at the break of the "neckline" we enter the purchase, and we put our "stop loss" below the previous low, according to your currency management! In addition, Tesla will also announce and present its robot taxi on October 10, 2024 so I think that at the macroeconomic level it will move. Can you imagine such news, a presentation of the Tesla robot taxi, and nothing happens on the markets??!!! I don't think so!! However, if you currently want to short sell Tesla you can do so, and you can put a "Reverse stop" above the previous high, that is to say above the candle of August 16, 2024 around $234, for example. Be careful on the markets
NASDAQ:TSLALong
by Le-Loup-de-Zurich
Tesla Four Trend Analysis ? So right now we need more clarity and more data to determine will this market correct more up and will this level it is holding on hold and back down via where the red line is. Personally my thesis is 3 scenarios: Scenario 1:We hold on this pitchfork line and book it down. Scenario 2: We correct up to the 50% Fib and more pitchfork resistance at the 218 level then head back down Scenario 3: The market disregards all two scenarios and we punch up which then makes us revaluate our thesis's for the daily trend possibly Weekly and Monthly Let's see what the market does tomorrow and then we update our thesis from there What are your thoughts on this analysis ? Do you find it helpful? MB Trader
NASDAQ:TSLA
by Mindbloome-Trading
Tesla UpdateAs you can see, I have left the target box on the chart for c of b of B as I don't have confirmation that part of the pattern has concluded. I think that it most likely has, but until we can get above $228.21, we can always make another low in this c of b of B. We have some minor positive divergence and MACD seems to be pointing higher at this time. Not to mention we hit inside the target box, at the ideal area I mentioned prior, and followed with a decently strong move to the upside. The strong move in itself doesn't tell us anything, it's just an observation of the action we're getting. If price had intentions of falling back down to make a new local low, I would anticipate it to hit around $220 before falling again to the area of the 1.618 @ $194. For now, my primary is for price to hit the area of $237-$251.95 for the next main target. The ALT suggests B is already over and we're headed lower towards the area of the $170's at a minimum. Should we raise to the c of B box in an ideal fashion, I plan on selling my shares to book profits.
NASDAQ:TSLA
by TSuth
Tesla Daily Correction then back down again? Based on our Monthly and Weekly Thesis: Tesla seems to be correcting up which I assume will either hit our black fib line or possibly back into our pitchfork lines which overlap with our fib lines making that resistance much more harder to break; please see drawing. For me to continue with the bearish thesis I must see Tesla hold at one of those lines then punch down to the 174 price area to confirm our Weekly and Monthly vision. Currently based on the data we are correcting up however stay tuned for our four analysis on the market MB Trader
NASDAQ:TSLALong
by Mindbloome-Trading
Tesla Weekly Analysis ? Bearish quite possibly Weekly: Tesla: My thesis is if we continue bearish and break the pitchfork resistance at the 200 area we will then go down to 176 range which could possibly see some type of correction before continuing to head to our first goal which is 142.93 which then we could see a correction before heading further south. The key here is with the bearish thesis is to make sure we break the 205 area , then 190 then go to 180 range first before this thesis becomes more true and evident to our lower targets. Let me know what you think ? MB Trader
NASDAQ:TSLAShort
by Mindbloome-Trading
TESLA Update_2 -May Extend Uptrend Towards $310TESLA Update_2 -May Extend Uptrend Towards $310 Tesla reached the top of the channel at 270.90 on 11-Jul-2024 and the lowest price was reached at 182 on 05-Aug-2024 Over the past week, Tesla broke out of a bearish channel indicating that the bulls are once again taking control of the price. During this week the price also completed another bullish channel by rising again the odds for a bigger bullish wave. 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❤️
NASDAQ:TSLALong
by KlejdiCuni
1