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 CAR DELIVERY DATA (EXPECTED: FIRST WEEK OF JANUARY 2022). Tesla delivered 201,250 vehicles in the second quarter of 2021, the company reported. Tesla delivered around 184,000 in the first quarter. Tesla delivered a record 241,300 vehicles in the third quarter. Analysts expect a new record to be set in the fourth quarter of around 270,000. That would be a total of around 900,000 vehicles of delivery in 2021. This would mark an increase of 80% compared to 2020 (500,000). Analysts expect 2022 to be even stronger, citing numbers close to 1,500,000 vehicles to be delivered.
- EVENT: Q4 EARNINGS RESULTS (NEW RECORDS TO BE SET) (EXPECTED: JANUARY 27, 2022). The company is expected to report a revenue figure of $15.08 billion (new record) for the fourth quarter of 2021, accompanied by a record high earnings of $1.80 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).
- STATISTICS: THE STOCK HAS RISEN 6 OUT 8 TIMES IN THE LAST EIGHT QUARTERS BETWEEN QUARTERLY DELIVERY AND THE EARNINGS DATE: Tesla stocks tend to rise between the car delivery date and quarterly earnings date, which has been the case for 6 out of the last 8 quarters. The average increase is 21.60%.
- 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.
- INDIA: TESLA ACCELERATED INDIA PLANS. Tesla got the approval to for three more models, being ready for their launch in the country. That makes seven models that have received approval in India.
- ANALYST OPINION: Goldman Sachs forecasts $1125 a share. Wedbush analyst Deni Ives raised Tesla Prices Target to $1,100. Morgan Stanley forecasts $1200.
- TESLA STOCK PRICE ACTION: The Tesla stock sees upside potential of around 30%. The stock fell from its recent all-time high of $1243.25 to test levels below 900. This may mark a correction of around 30%.
Tesla Inc., (#TSLA) December 22, 2021
Current Price: 950
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TESLA Inc. |
Weekly |
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Trend direction |
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|
1200 |
|
|
1125 |
|
|
1050 |
|
|
860 |
|
|
800 |
|
|
750 |
Example of calculation base on weekly trend direction for 1.00 Lot*
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TESLA INC. |
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Pivot Points |
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Profit or loss in $ |
250,000.00 |
175,000.00 |
100,000.00 |
-90,000.00 |
-150,000.00 |
-200,000.00 |
|
Profit or loss in €** |
221,305.53 |
154,913.87 |
88,522.21 |
-79,669.99 |
-132,783.32 |
-177,044.42 |
|
Profit or loss in £** |
187,856.93 |
131,499.85 |
75,142.77 |
-67,628.49 |
-112,714.16 |
-150,285.54 |
|
Profit or loss in C$** |
322,500.00 |
225,750.00 |
129,000.00 |
-116,100.00 |
-193,500.00 |
-258,000.00 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 10:30 (GMT) 22/12/2021
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