TESLA

Special Reports - 12/09/2022

12 September, 2022

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Tesla (#TSLA) weekly uptrend opportunity based On 1 Lot Calculation:

GLOBAL EV MARKETS:

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.
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 could be growing annually on average by 18.6%.

CHINA EV MARKETS:

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. China led global EV growth in 2021 as sales nearly tripled (UP 277%) to 3.4 million (from 0.9 million in 2020). Total number of cars sold in 2021 in China was 26.28 million, and EV made around 13% of the market.
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%)
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 STOCK SPLIT:

BREAKING: TESLA HAD A STOCK SPLIT OF 3 TO 1 ON AUGUST 25, 2022. According to MarketWatch, investors view stock splits as a sign of confidence by management, because splits happen more often in stocks that have bullish momentum behind them. Splits also increase liquidity by making shares more accessible to a wider range of investors, something Amazon acknowledged when it announced its split.
TESLA STOCK SPLIT HISTORY (AUGUST 2020): In August 2020, Tesla had a split of 5 to 1. After the stock split took place, onwards, over the next twelve months, the stock gained 65.91%.

Please note that past performance does not guarantee future results.

OTHER EVENTS AND ANALYSIS:

EVENT (EXPECTED: OCTOBER 1): Q3 CAR DELIVERY DATA. The automaker confirmed 254,695 deliveries during the Q2 and production of 258,580 vehicles. Most industry analysts put Tesla’s Q2 delivery estimates between 250,000 and 270,000 units. Tesla also mentioned that June 2022 was the company’s best month ever for vehicle production. In Q2 2021, Tesla delivered 200,000 units (marking an increase of around 27%). In Q1 2022, Tesla delivered 310,000 vehicles (marking a decrease of around 22%). Tesla is still expected to deliver around 1.5 million vehicles in 2022, implying an average of around 500,000 vehicles of delivery in Q3 and Q4 each.
EVENT (SEPTEMBER 30): ARTIFICIAL INTELLIGENCE DAY. CEO Elon Musk said that the company might have the Optimus prototype working by then.
PRICE ACTION: THE STOCK HAS HAD A DOWNWARD CORRECTION OF AROUND 50% FROM ITS ALL- TIME HIGH OF $414.4 (November 4, 2021). The stock had fallen to its lowest rate since 2021 to $205.7 (May 25, 2022). Tesla was last trading around $300, and If a full recovery follows to recent all- time highs, the stock could see an upside of around 38%.

ANALYSTS OPINIONS: Goldman Sachs forecasts $333 a share. Wedbush forecasts $360. Morgan Stanley forecasts $383. Deutsche Bank forecasts $375.

#TSLA, September 12, 2022
Current Price: 295

Tesla	Weekly
Trend direction	UP
Resistance 3	414
Resistance 2	375
Resistance 1	330
Support 1	265
Support 2	240
Support 3	220

Example of calculation based on weekly trend direction for 1 Lot¹

Tesla
Pivot Points	Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
Profit or loss in $	119,000	80,000	35,000	-30,000	-55,000	-75,000
Profit or loss in €²	117,011	78,663	34,415	-29,499	-54,081	-73,746
Profit or loss in £²	101,932	68,525	29,980	-25,697	-47,111	-64,243
Profit or loss in C$²	154,531	103,886	45,450	-38,957	-71,422	-97,394

1. 1.00 lot is equivalent of 1000 units

2. Calculations for exchange rate used as of 08:50 (GMT+1) 12/09/2022

Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.

You may wish to consider closing your position in profit, even if it is lower than suggested one
Trailing stop technique can protect the profit – Ask your Client Manager for more detail

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