Tesla (#TSLA) weekly special report based On 1.00 Lot Calculation:
TESLA: THE COMPANY
- Tesla produces several Electric Vehicles (EVs) including the Model 3, Model X, Model Y, Model S, and since recently, the Cybertruck. Tesla also delivers the semi-truck.
- Tesla is still the largest seller of pure battery-powered Electric Vehicles (EVs) in the world and an absolute leader in the US (taking up between 60%- 70% market share).
TESLA: EVENTS AND ANALYSIS
- EVENT (ESTIMATED: OCTOBER 2nd): TESLA THIRD QUARTER CAR DELIVERY. In the second quarter, Tesla produced approximately 411,000 vehicles and delivered approximately 444,000. Tesla's stock price went up 10% on better-than-expected results.
- EVENT (OCTOBER 10th): TESLA TO UNVEIL “ROBOTAXI”. Musk has said that Tesla will make a car without controls for humans to use. He has also said in the past that Tesla cars equipped with Full Self-Driving Capability will, through software updates, gradually become better and better at driving.
- EVENT (ESTIMATED: OCTOBER 18th): EARNINGS IN Q3. For the third quarter, analysts expect earnings per share to increase 20.8% to 0.628 and revenue to increase 0.6% to 25.649B compared to the second quarter.
TESLA: NEWS
- TESLA QUARTERLY CAR DELIVERY IN CHINA FOR AUGUST (September 3). Tesla sales of China-made vehicles spiked in August, up 17% vs. July and 3% vs. a year earlier, as China's competitive EV market appears to be rebounding. According to industry data by the China Passenger Car Association, Tesla sold 86,697 China-made EVs in August, including exports to foreign markets.
- TESLA QUARTERLY GLOBAL CAR DELIVERY (Q2) (JULY 2): 443,956 vs. 439,000 expected. This is an increase of 14.7% from Q1’s 386,810.
TESLA: OTHER ANALYSIS
- FULL-SELF DRIVING SYSTEM (FSD) IN CHINA (APRIL 29): According to Bloomberg, Tesla received in-principle approval from government officials to deploy its driver-assistance in China for the first time. Tesla has also reached an agreement with Baidu to use the Chinese giant's mapping license for data collection on China's public roads. After the news, the Tesla stock added around 15% to its value.
- FULL- SELF-DRIVING SYSTEM (FSD): Tesla has the most advanced system for autonomous self-driving, which has recently released its latest version of 12.3.5. More interestingly, Tesla said it is now negotiating with a major car maker on FSD licensing. This could offer another leg of revenue growth to the firm.
- OPTIMUS (HUMANOID ROBOT): CEO Elon Musk said that Tesla may be able to sell Optimus by the end of 2024.
- TESLA WILL LAUNCH A NEW MODEL IN 2025: The model is expected to be the cheapest Tesla has ever offered and it could cost around $25,000.
- TESLA LATEST PRODUCT: CYBERTRUCK. Tesla is expected to deliver 100,000 to 120,000 in 2024 and at least 240,000 in 2025.
TESLA: PRICE ACTION
- RECENT MARKET CORRECTION: TESLA LOST 32.83% FROM JULY 11 TO AUGUST 5. The stock fell from $270.30 to $181.55 (six-week low). Since August 5, Tesla has recovered by around 32%, trading currently around $240.0 a share. However, the price could decline further.
- THE STOCK HAS TRADED AROUND 42% BELOW ITS ALL-TIME HIGH OF $414.4 (November 4, 2021). Tesla was last trading around $240.00, and if a full recovery follows recent all-time highs, the stock could see an upside of around 72.6%. However, the price could decline further.
- ANALYSTS OPINIONS: Morgan Stanley forecasts $310. Wedbush forecasts $300. Deutche Bank forecasts $295. Piper Sandler forecasts $300.
TESLA, September 23, 2024
Current Price: 240.00
Tesla |
Weekly |
Trend direction |
|
310.00 |
|
290.00 |
|
270.00 |
|
210.00 |
|
200.00 |
|
190.00 |
Example of calculation based on weekly trend direction for 1.00 Lot1
Tesla |
||||||
Pivot Points |
||||||
Profit or loss in $ |
70,000.00 |
50,000.00 |
30,000.00 |
-30,000.00 |
-40,000.00 |
-50,000.00 |
Profit or loss in €² |
63,015.66 |
45,011.19 |
27,006.71 |
-27,006.71 |
-36,008.95 |
-45,011.19 |
Profit or loss in £² |
52,685.85 |
37,632.75 |
22,579.65 |
-22,579.65 |
-30,106.20 |
-37,632.75 |
Profit or loss in C$² |
94,944.50 |
67,817.50 |
40,690.50 |
-40,690.50 |
-54,254.00 |
-67,817.50 |
- 1.00 lot is equivalent of 1 000 units
- Calculations for exchange rate used as of 10:10 (GMT+1) 23/09/2024
There is a possibility to use Stop-Loss and Take-Profit
- You may wish to consider closing your position in profit, even if it is lower than the suggested one.
- Trailing stop technique could protect the profit