Tesla (#TSLA) weekly special report based on 1 Lot Calculation:
TESLA: THE COMPANY
- Tesla produces several Electric Vehicles (EV) including the Model 3, Model X, Model Y, Model S and since recently, the Cybertruck. Tesla also delivers the Semi-Truck.
- Tesla is still the largest seller of pure battery-powered Electric Vehicles (EVs) in the world and an absolute leader in the US (taking up between 60%- 70% market share).
TESLA: EVENTS AND ANALYSIS
- EVENT (EXPECTED: SEPTEMBER 10): TESLA CAR DELIVERY IN CHINA (AUGUST). Tesla sold 74,117 Electric Vehicles in July. This is up 4.38% from June’s 71,007 and up 15.29% from the same period last year (64,285).
- EVENT (EXPECTED: OCTOBER): TESLA TO UNVEIL “ROBOTAXI”. Musk has said that Tesla will make a car without controls for a human to use. He has also said in the past that Tesla cars equipped with Full Self-Driving Capability will, through software updates, gradually become better and better at driving.
TESLA: NEWS
- JUNE 14: TESLA SHAREHOLDERS APPROVED ELON MUSK’S PAY (COMPENSATION) PLAN. Tesla shareholders voted to ratify CEO Elon Musk’s mammoth 2018 pay plan, five months after a judge in Delaware ordered the company to rescind the package. EARLIER: Musk said his motivation for wanting 25% control of Tesla is that he has enough of a stake to be influential, but not so much that he can't be overturned. CURRENT SITUATION: Musk owns around 13% of Tesla currenlty, or approximately 411 million shares.
- TESLA QUARTERLY GLOBAL CAR DELIVERY (Q2) (JULY 2): 443,956 vs. 439,000 expected. This is an increase of 14.7% from Q1’s 386,810.
TESLA: OTHER ANALYSIS
- FULL- SELF DRIVING SYSTEM (FSD) IN CHINA (APRIL 29): According to Bloomberg, Tesla received in- principal approval from government officials to deploy its driver- assistance in China for the first time ever. Tesla has also reached an agreement with Baidu to use the Chinese giant's mapping license for data collection on China's public roads. After the news, the Tesla stock added around 15% to its value.
- FULL- SELF DRIVING SYSTEM (FSD): Tesla has the most advanced system for autonomues self- driving, which has recently released its latest version of 12.3.5. More interestenlgy, Tesla said that is now in negotiations with a major car maker on FSD licensing. This could offer another leg of revenue growth to the firm.
- OPTIMUS (HUMANOID ROBOT): CEO Elon Musk said that Tesla may be able to sell Optimus by the end of 2024.
- TESLA WILL LAUNCH A NEW MODEL IN 2025: The model is expected to be the cheapest Tesla has ever offered and it could cost around $25,000.
- TESLA LATEST PRODUCT: CYBERTRUCK. Tesla is expected to deliver 100,000 to 120,000 in 2024 and at least 240,000 in 2025.
TESLA: PRICE ACTION
- RECENT MARKET CORRECTION: TESLA LOST 32.83% FROM JULY 11 TO AUGUST 5. The stock fell from $270.30 to $181.55 (six-week low). Since August 5, Tesla has recovered by around 13%, trading currently around $206 a share.
- THE STOCK HAS TRADED AROUND 50% BELOW ITS ALL- TIME HIGH OF $414.4 (November 4, 2021). Tesla was last trading around $206, and if a full recovery follows to recent all- time highs, the stock could see an upside of around 101%. However, the price could decline further.
- ANALYSTS OPINIONS: Morgan Stanley forecasts $310. Wedbush forecasts $300. Citigroup forecasts $258. Goldman Sachs forecasts $230
#TSLA, August 14, 2024
Current Price: 206
Tesla |
Weekly |
Trend direction |
|
310 |
|
258 |
|
235 |
|
180 |
|
170 |
|
160 |
Example of calculation based on weekly trend direction for 1 Lot1
Tesla |
||||||
Pivot Points |
||||||
Profit or loss in $ |
104,000 |
52,000 |
29,000 |
-26,000 |
-36,000 |
-46,000 |
Profit or loss in €2 |
94,373 |
47,187 |
26,316 |
-23,593 |
-32,668 |
-41,742 |
Profit or loss in £2 |
81,001 |
40,500 |
22,587 |
-20,250 |
-28,039 |
-35,827 |
Profit or loss in C$2 |
142,757 |
71,378 |
39,807 |
-35,689 |
-49,416 |
-63,142 |
1. 1.00 lot is equivalent of 1000 units
2. Calculations for exchange rate used as of 10:00 (GMT+1) 14/08/2024
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.