CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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.

Tesla Inc.

Market Opportunities - 11/02/2021

11 February, 2021

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 opportunity for 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 Inc. weekly uptrend opportunity based On 1.00 Lot Calculation:

  • Tesla Inc. designs, manufactures, and sells high-performance electric vehicles and electric vehicle powertrain components. Tesla sells more than five fully electric cars, among others, the Model S sedan and the Model X SUV, and the Model 3 sedan, which is among the world's top-selling electric cars.
  • TESLA STARTED SELLING MODEL Y IN CHINA IN 2021. EARLY REPORTS SHOWED GREAT DEMAND: Tesla won Chinese authorities’ approval to start selling Shanghai-assembled Model Y SUVs in the country. The Chinese markets remained very important to Tesla. After their successful entrance with Model 3, experts in China expect “explosive” sales growth February and March with Model Y.
  • TESLA TO START DELIVERING MODEL 3 IN INDIA: Tesla will also launch Model 3 in India in June, with bookings to start in January 2021. India is the second largest country in the world by population after China, which could bode well for Tesla’s aspiration to continue to expand globally.
  • ELECTRIC VEHICLE MARKETS SUPPORTED BY THE NEW US ADMINISTRATION: US President Joseph Biden wants to replace the fleet of federal cars with U.S.-made electric vehicles.
  • ANALYST OPINION: Bank of America raises Tesla Price Target to $900 a share. Wedbush analyst Deni Ives raised Tesla Prices Target to $950 from $751 (Bull- Case Scenario Target Price $1250). Deutsche Bank raised Tesla Price Target to $900. Research Company Piper Sandler Increased its Tesla Price Target to $1200 from $515. Morgan Stanley increased Tesla Price Target to $880 from $810 a share.

Tesla Inc., (#TSLA) February 11, 2021
Current Price: 809.00

TESLA Inc.

Weekly

Trend direction

UP

Resistance 3

1050

Resistance 2

950

Resistance 1

870

Support 1

750

Support 2

730

Support 3

700

Example of calculation base on weekly trend direction for 1.00 Lot*

TESLA INC.

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

241,000.00

141,000.00

61,000.00

-59,000.00

-79,000.00

-109,000.00

Profit or loss in €**

198,733.38

116,271.40

50,301.81

-48,652.57

-65,144.97

-89,883.56

Profit or loss in £**

174,289.10

101,969.97

44,114.67

-42,668.29

-57,132.11

-78,827.85

Profit or loss in C$**

305,684.40

178,844.40

77,372.40

-74,835.60

-100,203.60

-138,255.60

* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 9:43 a.m. (GMT) 11/02/2021
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 details

Share It With Your Network
TESLA Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now