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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.


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.


Trend direction


Resistance 3


Resistance 2


Resistance 1


Support 1


Support 2


Support 3


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 $







Profit or loss in €**







Profit or loss in £**







Profit or loss in C$**







* 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

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