Tesla (#TSLA)

Special Reports - 06/04/2023

06 April, 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%.

TESLA: ANALYSIS

EVENT (EXPECTED: APRIL 19, AFTERMARKET): Q1 EARNINGS REPORT. Tesla is expected to post a revenue figure of 23.55 billion dollars for Q1 of 2023. This could be up 25.50% from the same period last year (18.76 billion dollars). The company could also be expected to post a net income of 3.065 billion dollars. This, however, could be down around 8.00% from the same period last year (3.318 billion dollars) due to Tesla cutting prices for its EV models across the globe, offering cheaper prices to keep it global market share.
Q1 2023 CAR DELIVERY DATA SHOWED A RECORD HIGH (422,875). This is UP 4.34% compared with the fourth quarter and up about 36.4% year over year. Tesla delivered a record high number of cars in Q4 of 2022= 405,278 Tesla delivered 405,278 in Q4 of 2022. ANALYST EXPECTATIONS: Tesla analysts say Tesla will target a 1.8- 1.9 million cars of delivery in 2023. This could be 37% to 44.6% up from 2022.
NEWS: MOODY’S GIVES AN INVESTMENT GRADE STATUS TO TESLA’S DEBT. Moody’s Investors Service on Monday became the second credit ratings firm to endow Tesla with investment-grade status, upgrading the Austin-based firm’s credit score by one notch to Baa3 on Monday. It follows a similar move by S&P Global Ratings in October.
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: MEXICO AND INDONESIA. Tesla is close to a deal to start building a new Gigafactories in Indonesia and Mexico, with capacity of more than 2 million vehicles. All that will be in addition to current factories in Berlin (Germany), Shanghai (China), Fermont and Austin (USA). Including Indonesia and Mexico, Tesla could reach a production capacity of more than 4 million vehicles per year.

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 $185, and if a full recovery follows to recent all- time highs, the stock could see an upside of around 124%, however the price could decline further.
ANALYSTS OPINIONS: Wedbush forecasts $225. Morgan Stanley forecasts $220. Barclays forecasts $275. Muziho Securities forecasts $250. Goldman Sachs forecasts $225.

#TSLA, April 6, 2023
Current Price: 185

Tesla	Weekly
Trend direction	UP
Resistance 3	300
Resistance 2	270
Resistance 1	220
Support 1	153
Support 2	140
Support 3	135

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 $	115,000	85,000	35,000	-32,000	-45,000	-50,000
Profit or loss in €²	105,577	78,035	32,132	-29,378	-41,313	-45,903
Profit or loss in £²	92,356	68,263	28,108	-25,699	-36,139	-40,155
Profit or loss in C$²	155,049	114,601	47,189	-43,144	-60,671	-67,413

1. 1.00 lot is equivalent of 1000 units

2. Calculations for exchange rate used as of 09:30 (GMT+1) 06/04/2023
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