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Tesla Inc.

Market Opportunities - 14/09/2021

14 September, 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: CAR DELIVERY IN CHINA FOR AUGUST: China delivery: August= 12,885; July=8,621; INCREASE: 49.46%. Exports: August= 31,379; July=24,347; INCREASE: ~29.00%. TOTAL: August= 44,264; July= 32,968; INCREASE: 34.3%.
  • EVENT: TESLA GIGAFACTORY PROGRESSES IN BERLIN, GERMANY. FIRST CARS TO BE PRODUCED IN OCTOBER 2021?: Elon Musk said that Tesla is aiming to start Model Y production at Gigafactory Berlin in October, which is when the company hopes to get the final government approval.
  • EVENT: TESLA ACCELERATED INDIA PLANS: TESLA TO START DELIVERING MODEL 3 and PRODUCING CARS IN INDIA. The Union transport ministry of India approved four of its models for introduction in the country. Reports say that they will be also selling the Model S and X. 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. Bloomberg reported that Tesla is closing in on an agreement to make electric vehicles in Indian city, Bangalore, for its first plant. Tesla is considering to headquarter in New Delhi or Mumbai.
  • NEWS (PROGRESS REPORTED WITH FULL SELF-DRIVING (FSD) SYSTEM): Tesla’s Full Self-Driving (FSD) Beta software has leaked, and it Is being passed around in the Tesla hacking community. Musk said that the company would begin rolling out FSD version 10 to customers in its early access program at midnight on September 10th. The updated version can be used only by customers who paid $10,000.
  • ANALYST OPINION: Goldman Sachs forecasts $875 a share. Wedbush analyst Deni Ives raised Tesla Prices Target to $1,000. Deutsche Bank raised Tesla Price Target to $900. Morgan Stanley forecasts $900. Credit Suisse targets $800 per share. DZ BANK (DZ Bank AG is the second largest bank in Germany by asset size) upgraded Tesla to buy from sell. It raised the price target to $750 from $320. Jefferies (Wall Street Investment Bank) raised Tesla Price Target to $850 from $700 (from hold to buy).
  • PRICE ACTION: Tesla hit a fresh all-time high of $899.81 in January 2021. At the moment the stock trades around 18% below its all-time high. The price change to its recent all time high requires a move-up of around 22%.

Tesla Inc., (#TSLA) September 14, 2021
Current Price: 737

TESLA Inc.

Weekly

Trend direction

UP

Resistance 3

900

Resistance 2

830

Resistance 1

780

Support 1

695

Support 2

670

Support 3

650

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 $

163,000.00

93,000.00

43,000.00

-42,000.00

-67,000.00

-87,000.00

Profit or loss in €**

137,858.71

78,655.58

36,367.63

-35,521.88

-56,665.85

-73,581.03

Profit or loss in £**

117,474.09

67,025.09

30,990.10

-30,269.40

-48,286.90

-62,700.90

Profit or loss in C$**

206,133.06

117,609.66

54,378.66

-53,114.04

-84,729.54

-110,021.94

* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 09:00 (GMT+1) 14/09/2021
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

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