CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% 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 - 12/04/2021

12 April, 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 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.
  • EVENT: NEXT QUARTERLY EARNINGS REPORT: April 26, 2021 (AFTERMARKET). The company is expected to show a stable sales growth, especially in China (Model 3s and Model Y). The company is also expected to stay bullish for 2021 when it comes to car delivery expectations.
  • EVENT (April): Full Self Driving (FSD) Beta Software. Tesla CEO Elon Musk has tweeted new information about Full-Self Driving (FSD) Beta. Replying to a tweet about the current FSD Beta system, Musk said V9.0 is almost ready and that it is a significant improvement.
  • (Q1 ‘21 car delivery breaks a new record): Tesla reported first-quarter vehicle production and delivery numbers for 2021. In total, it delivered 184,800 vehicles and produced 180,338 cars. Analysts were expecting Tesla to deliver around 168,000 vehicles during this period, according to estimates compiled by FactSet as of April 1. The Q1 deliveries beat Tesla’s previous record of 180,570 deliveries in Q4 2020. Tesla China has sold 35,478 units of its pure electric vehicles in March 2021. This marks an increase of 94% from February’s 18,318.
  • ANALYST OPINION: Goldman Sachs forecasts $835 a share. Bank of America raises Tesla Price Target to $900 a share. Wedbush analyst Deni Ives raised Tesla Prices Target to $1,000 from $950. 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. Goldman Sachs targets $835. ARK Investment Fund (run by Cathie Wood) gives Tesla a Price Target of $3000 by 2025.
  • PRICE ACTION: Tesla hit a fresh all- time high of $899.81 in January 2021. At the moment the stock trades around 20% below its all- time high.

Tesla Inc., (#TSLA) April 12, 2021
Current Price: 676

TESLA Inc.

Weekly

Trend direction

UP

Resistance 3

900

Resistance 2

850

Resistance 1

780

Support 1

576

Support 2

530

Support 3

500

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 $

224,000.00

174,000.00

104,000.00

-100,000.00

-146,000.00

-176,000.00

Profit or loss in €**

188,493.48

146,419.04

87,514.83

-84,148.88

-122,857.36

-148,102.02

Profit or loss in £**

163,039.52

126,646.77

75,696.92

-72,785.50

-106,266.83

-128,102.48

Profit or loss in C$**

281,267.84

218,484.84

130,588.64

-125,566.00

-183,326.36

-220,996.16

* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 10:00 a.m. (GMT+1) 12/04/2021
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
Close

Be aware of the holiday trading hours for:

  • Early May Bank Holiday: United Kingdom, Monday 03 May 2021.
Instrument 03.05.2021 04.05.201
ALL FOREX Regular Regular
Indices
UK 100 Closed Regular
Equities
Equities UK Closed Regular
  • Ascension Day: Sweden, Norway, and Finland, Thursday 13 May 2021.
Instrument 12.05.2021 13.05.2021 14.05.2021 17.05.2021
ALL FOREX Regular Regular Regular Regular
Equities
Equities Stockholm Closed Closed Closed Closed
Equities Helsinki Closed Closed Closed Closed
Equities Oslo Closed Closed Closed Closed
  • Hari Raya Puasa, Thursday, 13 May 2021 in Singapore.
  • Buddha’s Birthday, Thursday 19 in Hong Kong.
Instrument 13.05.2021 14.05.2021 19.05.2021 20.05.2021
ALL FOREX Regular Regular Regular Regular
Indices
Hong Kong 50 Regular Regular closed Regular
CHINA 50 closed Regular Regular Regular
  • Please note all times indicated are GMT
  • The above times may be subject to change
  • Please note that in case of low liquidity in a specific FX or metals instrument, the DR may widen the spreads and even close the instrument for trading – every change of that character will be notified ahead by the DR.
  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% 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.
  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you understand how leveraged contracts work and whether you can afford to take the high risk of losing your money.