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: Q4 EARNINGS RESULTS (NEW RECORDS TO BE SET) (CONFIRMED: JANUARY 26, AFTERMARKET). The company is expected to report a revenue figure of $16.60 billion (new record) for the fourth quarter of 2021, accompanied by a record high earnings of $2.09 billion. Mr. Elon Musk (CEO) is expected to again participate in the conference calls, and this time he will be expected to speak about Cybertruck and Semi-Truck delivery dates. He might also make a mention on the next big model (a lower-cost Electric Vehicle).
- Q4 CAR DELIVERY DATA (NEW RECORD REPORTED ON JANUARY 2, 2022). Tesla said it delivered 308,600 electric vehicles in the fourth quarter of 2021, beating its previous single-quarter record (241,300) as well as analysts’ expectations (267,000). For the full year, Tesla delivered 936,172 vehicles, an 87% increase versus 2020.
- GIGAFACTORIES (GERMANY+U.S.A.+CHINA): Tesla will be expanding production in Berlin, Germany and Austin, Texas (USA). Meanwhile, they have expanded capacity with the Shanghai gigafactory.
- ANALYST OPINION: Goldman Sachs forecasts $1200 a share. Wedbush analyst Deni Ives raised Tesla Prices Target to $1,400 from $1,100. Morgan Stanley forecasts $1300. Deutsche Bank forecasts $1200.
- TESLA STOCK PRICE ACTION: The Tesla stock may see upside potential of around 38%. The stock fell from its recent all-time high of $1243.25 to test levels below 900. This marked a correction of around 30%.
Tesla Inc., (#TSLA) January 24, 2022
Current Price: 900
TESLA Inc. |
Weekly |
Trend direction |
|
1200 |
|
1125 |
|
1040 |
|
780 |
|
740 |
|
700 |
Example of calculation base on weekly trend direction for 1.00 Lot*
TESLA INC. |
||||||
Pivot Points |
||||||
Profit or loss in $ |
300,000.00 |
225,000.00 |
140,000.00 |
-120,000.00 |
-160,000.00 |
-200,000.00 |
Profit or loss in €** |
264,872.60 |
198,654.45 |
123,607.21 |
-105,949.04 |
-141,265.38 |
-176,581.73 |
Profit or loss in £** |
221,670.51 |
166,252.88 |
103,446.24 |
-88,668.20 |
-118,224.27 |
-147,780.34 |
Profit or loss in C$** |
377,856.00 |
283,392.00 |
176,332.80 |
-151,142.40 |
-201,523.20 |
-251,904.00 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 10:50 (GMT) 24/01/2022
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 details