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Tesla Inc.

Market Opportunities - 28/09/2021

28 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: QUARTER THREE (Q3) OVERALL DELIVERY CAR DATA (EXPECTATIONS: 221,000) (EXPECTED RELEASE: EARLY OCTOBER): Tesla delivered 201,250 vehicles in the second quarter of 2021, the company reported. Tesla delivered around 184,000 in the first quarter. Tesla CEO Elon Musk asked staff to “go super hardcore” to make up for production challenges early in the third quarter and finish the three months with a “decent” delivery number. Tesla Chief Executive Elon Musk says the final week (Current week) of September will be the electric-vehicle major's "most intense delivery week ever".
  • EVENT: TESLA SHAREHOLDERS’ ANNUAL MEETING (OCTOBER 7, 2021). Tesla has officially announced that the Annual Shareholder Meeting will move from its Fremont, California, vehicle production facility to Austin, Texas. Investors will be very interested in what the plant looks like and what Tesla management says about when Cybertrucks and Model Ys, the other car being produced in Texas, will be rolling off the assembly line.
  • 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.
  • 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. Jefferies (Wall Street Investment Bank) raised Tesla Price Target to $850 from $700 (from hold to buy).

Tesla Inc., (#TSLA) September 28, 2021
Current Price: 778

TESLA Inc.

Weekly

Trend direction

UP

Resistance 3

900

Resistance 2

875

Resistance 1

830

Support 1

730

Support 2

710

Support 3

695

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 $

122,000.00

97,000.00

52,000.00

-48,000.00

-68,000.00

-83,000.00

Profit or loss in €**

104,392.17

83,000.33

44,495.02

-41,072.33

-58,185.80

-71,020.90

Profit or loss in £**

89,230.21

70,945.33

38,032.55

-35,106.97

-49,734.87

-60,705.80

Profit or loss in C$**

154,128.70

122,544.95

65,694.20

-60,640.80

-85,907.80

-104,858.05

* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 09:00 (GMT+1) 28/09/2021
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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  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.