CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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.

Tesla

Special Reports - 31/01/2023

31 January, 2023

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 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 (#TSLA) weekly special report based On 1 Lot Calculation:

GLOBAL EV MARKETS:

  • ELECTRIC VEHICLES (EV) MAKE ONLY AROUND 9.0% OF TOTAL CAR SALES, WORTH 66.7 MILLION CARS IN 2021: The total global car market grew just 4.5% in 2021, by around 66.7 million cars. In 2020, the world sold around 63.8 million cars. The estimates say that around 6.5 million electric vehicles (EVs) were sold worldwide in 2021, up 109% from 2020. EV sales represent around 9% of all passenger car sales in 2021. The EV sector increased its market share from 4.11% in 2021 to around 9.00% off the global car sales.

  • MARKET POTENTIAL: ELECTRIC VEHICLES (EV) COULD BE EXPECTED TO TAKE UP AROUND 50% OF GLOBAL CAR SALES BY 2030. The 2021 figures of 287.36 billion dollars are an increase of around 76% from 2020’s 160.01 billion dollars. Expecting this number to grow to 823.75 billion dollars, the EV market could be growing annually on average by 18.6%.

CHINA EV MARKETS:

  • MARKET SHARE CHINA: Tesla is the largest EV Company in China, holding some 14% of the markets, followed by GM’s Wulling (~11.8%) and BYD (~ 10%).

  • ELECTRIC VEHICLES IN CHINA COULD BE EXPECTED TO TAKE UP 40% OF CHINA’S CAR SALES BY 2030. Total car sales may be expected to grow to 38 million in 2030, while around 15 million (or 40%) will be Electric Vehicles.

TESLA: ANALYSIS

  • EVENT (EXPECTED: FEBRUARY 10): CHINA CAR DELIVERY DATA FOR JANUARY. The Chinese car association will announce the data, which could show decent data for Tesla delivery in China for January, as falling prices per unit was expected to attract buyers. Tesla cut Model Y and Mode 3 prices earlier in January.

  • EVENT (MARCH 1): INVESTORS DAY. Tesla said investors could see most advanced production line as well as discuss long-term expansion plans, generation 3 platform, capital allocation, and other subjects with our leadership team. One of the things that will be discussed at Investor Day includes Tesla’s long-term expansion plans.

  • Q4 EARNINGS REPORT: REVENUE (BEAT): $24.32 Billion (New Record) vs. $24.16 Billion expected. This is 35% increase from the same period last year and increase of 13.35% from Q3. EARNINGS PER SHARE (BEAT): $1.19 vs. $1.12 expected. NET INCOME (RECORD HIGH): $3.7 Billion. This is 59% increase from the same period last year increase of 12% from Q3. CAR DELIVERY FORECAST 2023: 1.8 MILLION CARS. CEO Elon Musk said the company might be able to produce 2 million cars this year. CEO Elon Musk said, “Thus far in January we’ve seen the strongest orders year-to-date than ever in our history. We’re currently seeing orders of almost twice the rate of production.” CYBERTRUCK (THE NEW PRODUCT): The Company also reiterated that its Cybertruck pickup is on track to start production this year in Texas, but will not reach volume production until next year. Q4 CAR DELIVERY DATA. Tesla delivered a record high number of cars in Q4 of 2022= 405,278. This is UP 17.87% from Q3 of 2022 (383,830). This is also UP 31.32% from Q4 of 2021= 308,600. YEARLY: Tesla delivered a record high number of cars in 2022= 1,313,851. This is UP 40.37% from 2021 (936,000). ANALYST EXPECTATIONS: Tesla analysts say Tesla will target a 1.8- 1.9 million cars of delivery in 2023. This would be UP 37% to 44.6% from 2022.

  • TESLA STARTED DELIVERY OF ITS SEMI- TRUCK ON DECEMBER 1, 2022. Tesla delivered 15 trucks to Pepsi by the end of 2022 as part of their 100 trucks deal.

  • NEXT GIGA-FACTORY: INDONESIA. Tesla is close to a deal to start building a new Gigafactory in Indonesia, with capacity of 1 million vehicles. All that will be in addition to current factories in Berlin (Germany), Shanghai (China), Fermont and Austin (USA). Including Indonesia, Tesla could reach production capacity of 3.4 million vehicles.

TESLA: PRICE ACTION

  • THE STOCK HAS HAD A DOWNWARD CORRECTION OF AROUND 76% FROM ITS ALL- TIME HIGH OF $414.4 (November 4, 2021). The stock fell to its lowest rate since August 2020 to $100.74 (January 6, 2023). Tesla was last trading around $160, and if a full recovery follows to recent all- time highs, the stock could see an upside of around 159%, however the price could decline further.

  • ANALYSTS OPINIONS: Goldman Sachs forecasts $200 a share. Wedbush forecasts $200. Morgan Stanley forecasts $220. Deutsche Bank forecasts $220. Bloomberg’s Analyst Consensus forecasts $194 a share.

#TSLA, January 31, 2023
Current Price: 160

Tesla

Weekly

Trend direction

UP

Resistance 3

250

Resistance 2

220

Resistance 1

200

Support 1

125

Support 2

115

Support 3

105

Example of calculation based on weekly trend direction for 1 Lot1

Tesla

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

90,000

60,000

40,000

-35,000

-45,000

-55,000

Profit or loss in €2

83,217

55,478

36,985

-32,362

-41,608

-50,855

Profit or loss in £2

73,103

48,735

32,490

-28,429

-36,551

-44,674

Profit or loss in C$2

121,088

80,725

53,817

-47,090

-60,544

-73,998

  1. 1.00 lot is equivalent of 1000 units

  2. Calculations for exchange rate used as of 09:00 (GMT) 31/01/2023

Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient 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 ManagerClient Manager for more detail

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