Tesla (#TSLA) weekly uptrend opportunity based On 1 Lot Calculation:
GLOBAL EV MARKETS:
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ELECTRIC VEHICLES (EV) MAKE ONLY AROUND 9.0% OF TOTAL CAR SALES, WORTH 66.7 MILLION CARS IN 2021: The total global car market grew just 4.5% in 2021, by around 66.7 million cars. In 2020, the world sold around 63.8 million cars. The estimates say that around 6.5 million electric vehicles (EVs) were sold worldwide in 2021, up 109% from 2020. EV sales represent around 9% of all passenger car sales in 2021. The EV sector increased its market share from 4.11% in 2021 to around 9.00% off the global car sales.
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MARKET POTENTIAL: ELECTRIC VEHICLES (EV) ARE EXPECTED TO TAKE UP AROUND 50% OF GLOBAL CAR SALES BY 2030. The 2021 figures of 287.36 billion dollars are an increase of around 76% from 2020’s 160.01 billion dollars. Expecting this number to grow to 823.75 billion dollars, the EV market should be growing annually on average by 18.6%.
CHINA EV MARKETS:
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CHINA LEADS THE WAY (2021): EV MAKES AROUND 13% OF THE CAR MARKET IN CHINA, UP FROM 3.5% IN 2020: More than half of the total electric vehicles (EVs) sold worldwide last year (including plug-in hybrids) went to buyers in China. Total number of cars sold in 2021 in China was 26.28 million, and EV made around 13% of the market.
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MARKET SHARE CHINA: Tesla is the largest EV company in China, holding some 14% of the markets, followed by GM’s Wulling (~11.8%) and BYD (~10%).
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ELECTRIC VEHICLES IN CHINA ARE EXPECTED TO TAKE UP 40% OF CHINA’S CAR SALES BY 2030. Total car sales are expected to grow to 38 million in 2030, while around 15 million (or 40%) will be Electric Vehicles.
Tesla:
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THE COMPANY: Tesla Inc. designs, manufactures, and sells high-performance electric vehicles and electric vehicle powertrain components. Tesla sells more than five fully electric cars, including the new Model Y, the Model S sedan and the Model X SUV, and the Model 3 sedan, which is among the world's top-selling electric cars.
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TESLA MADE 14.40% OF THE GLOBAL EV MARKET IN 2021. Tesla delivered 936,222 vehicles in 2021, while globally 6.5 million electric vehicles were sold.
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TESLA May EXPECTED TO MAKE 26% OF THE GLOBAL EV MARKET BY 2025 (UP FROM 14.40% IN 2021). Revenue outlook rises from 2021’s $53.82 billion to $150.433 billion in 2025 per year (increase of 179%).
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TESLA CAR SALES COULD GROW ON AVERAGE BY 32.40% ANNUALLY BETWEEN 2021 AND 2025. Tesla delivered 936,222 vehicles in 2021, and that number could jump to at least 2,802,146 in 2025.
EVENTS AND ANALYSIS:
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EVENT: STOCK SPLIT (AUGUST 4, 2022), BUT DETAILS ABOUT THE SIZE AND MORE SHOULD BE KNOWN TO THE SHAREHOLDERS SOME 40 DAYS BEFORE THE VOTE (~JUNE 23, 2022). The shareholders are expected to meet on August 4, 2022 and approve the split. After the first stock split in 2020, the stock rose 13.25% the very first day of the announcement (August 11, 2020). From August 11 to August 31 (when the split took effect), the stock went up by 61.18% to test back then a fresh all time high of $2317.98 a share.
*Please note that past performance does not guarantee future results
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NEWS: SHANGHAI GIGA-FACTORY REACHES PRE-LOCKDOWN OUTPUT. Tesla’s gigafactory in Shanghai has implemented a two-shift working system as lockdowns continue to ease in Shanghai. The factory is now producing ~2300 cars per day, returning to pre-lockdown output. During the lockdown it was producing fewer than 200 vehicles.
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EVENT: TESLA STARTS TAKING ORDERS FOR SEMI-TRUCK: Tesla has announced that it will be taking orders for its new Semi-Truck.
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EVENT: TESLA DEBT (CREDIT) RATING TO BE UPGRADED TO INVESTMENT GRADE FROM NON- INVESTMENT GRADE. Once this is confirmed by the credit rating agencies such as the S&P 500 credit rating agency, more fund managers will become eligible to buy the Tesla stock.
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ANALYSTS OPINIONS: Goldman Sachs forecasts $1200 a share. Wedbush analyst Dan Ives lowered Tesla’s Price Target from $1,400 to $1000. Morgan Stanley forecasts $1300. Deutsche Bank forecasts $1250. Credit Suisse’s forecast is $1125 a share. Bank of America raised the Tesla Price Target from $1,100 to $1,300.
#TSLA, May 31, 2022
Current Price: 750.00
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Tesla |
Weekly |
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Trend direction |
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1,100.00 |
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|
1,000.00 |
|
|
900.00 |
|
|
620.00 |
|
|
590.00 |
|
|
550.00 |
Example of calculation based on weekly trend direction for 1 Lot1
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Tesla |
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Pivot Points |
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Profit or loss in $ |
350,000.00 |
250,000.00 |
150,000.00 |
-130,000.00 |
-160,000.00 |
-200,000.00 |
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Profit or loss in €2 |
318,651.10 |
227,607.93 |
136,564.76 |
-118,356.12 |
-145,669.08 |
-182,086.35 |
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Profit or loss in £2 |
265,121.39 |
189,372.42 |
113,623.45 |
-98,473.66 |
-121,198.35 |
-151,497.94 |
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Profit or loss in C$2 |
439,432.00 |
313,880.00 |
188,328.00 |
-163,217.60 |
-200,883.20 |
-251,104.00 |
1. 1.00 lot is equivalent of 1000 units
2. Calculations for exchange rate used as of 14:00 (GMT+1) 31/05/2022
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
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You may wish to consider closing your position in profit, even if it is lower than suggested one
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Trailing stop technique can protect the profit – Ask your Client Manager for more detail