CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% 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. (#TSLA) - 07/10/2020

Micro Analysis

07 October, 2020

For General Information only. Not Intended to Provide Trading or Investment Advice. Your Capital is at Risk.

MID-TERM TREND: UP

Company: 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 Car Delivery (Q3): Tesla Inc. beat Wall Street estimates for third-quarter vehicle deliveries, driven by higher demand for its mass-produced Model 3 sedans. The electric-car maker delivered 139,300 vehicles in the quarter, beating estimates of 134,720 vehicles, according to Refinitiv data. Its total production in the quarter rose 76% to 145,036 vehicles compared to the previous three-month period.

Tesla Posts Better Than Expected Earnings for Quarter Two (Q2): The world’s leading electric car manufacturer posted $2.18 earnings per share, far better than the 3 cents per share predicted by analysts. Revenue rose to $6.04 billion in the second quarter, also better than the $5.37 billion analysts predicted prior to the report.

Next Earnings Release Date (Expected): Tesla is expected to release its Q3 earnings results on October 23, 2020.

Does Tesla Stock Split 5-to-1 (August 31, 2020) make it better available to retail investors?: Tesla share experienced a stock split of 5-to-1, opening at 442 on Monday (August 31) after the stock closed at 2213 the previous session. The Tesla shares had risen almost 40% since Tesla announce the split (August 11), to hit a fresh all-time high of $2317.98. Investors and traders continued to buy Tesla believing that the split might make the stock better available for the retail investors and traders.

Tesla Inc. stock price daily volatility

  • Daily stock price volatility increased to 7.13% per day in 2020.
  • Since mid-February 2020, when the Coronavirus crisis started to hit the stock markets, the average daily volatility has risen to 7.21%.
  • As of October 6, five-day Moving Average Daily Volatility has stood at 4.41%.

  • Example of calculation based on Volatility for 1.00 Lot (1 lot = 1000 stocks)

  • Technical Outlook (Tesla Inc., Daily, 2019-2020)


Source: Bloomberg

Current Price: 415.00

Tesla Inc.

Mid-Term

Trend direction

UP

Resistance 3

566.00

Resistance 2

543.00

Resistance 1

500.00

Support 1

330.00

Support 2

300.00

Support 3

270.00

Example of calculation based on 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 $

151,000.00

128,000.00

85,000.00

-85,000.00

-115,000.00

-145,000.00

Profit or loss in €**

128,335.88

108,788.03

72,242.05

-72,242.05

-97,739.25

-123,236.44

Profit or loss in £**

99,285.07

99,025.22

65,758.94

-65,758.94

-88,967.97

-112,177.01

Profit or loss in C$**

200,830.00

170,240.00

113,050.00

-113,050.00

-152,950.00

-192,850.00

* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 9:05 a.m. (GMT+1) 07/10/2020
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account 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 Senior Account 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