Tesla (#TSLA)

Special Reports - 21/07/2023

21 July, 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) MADE ONLY AROUND 9.0% OF TOTAL CAR SALES, WORTH 66.7 MILLION CARS IN 2022: 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

Q2 EARNINGS REPORT. REVENUE $24.9 Billion vs. $24.51 Billion expected. Tesla released record high revenue figures for Q2, up 47% from same period last year. EARNINGS PER SHARE: $0.91 vs. $0.81 expected. Tesla reported adjusted net earnings of $3.1 billion, up 20% from the second quarter last year. 2023 DELIVERY TARGET: 1.8 million cars. CYBERTRUCK: On track to start mass delivery by the end of the year.
NEWS (JULY 2): Q2 CAR DELIVERY (NEW QUARTERLY RECORD: 466,140). Tesla delivered a new quarterly record when it released 466,140 cars been delivered in Q2, beating Q1 2023 record of 422,875. Still the company is expected to deliver 1.8-1.9 million cars in 2023, which would be 37% to 44.6% up from 2022.

TESLA: EVENTS AND OTHER ANALYSIS

TESLA AGAIN CONSIDERING TO ENTER THE INDIAN MARKET: Reportedly, the company is in talks with the Indian officials to build a factory there.
TESLA CONSIDERING TO BUILD A GIGAFACTORY IN SPAIN: Tesla is reportedly considering building a new factory in Valencia, Spain, that could be worth close to 5 billion dollars.
NEXT GIGA-FACTORY: MEXICO AND INDONESIA. Tesla is close to a deal to start building new Gigafactories in Indonesia and Mexico, with a 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 yearly.
CYBERTRUCK (PICK-UP) COMING IN THE SECOND HALF OF 2023. Elon Musk said he expects the Tesla Cybertruck to sell between 250,000 and 500,000 units per year once production is fully ramped.

TESLA: PRICE ACTION

THE STOCK HAS TRADED AROUND 37% BELOW ITS ALL- TIME HIGH OF $414.4 (November 4, 2021). Tesla was last trading around $262, and if a full recovery follows to recent all- time highs, the stock could see an upside of around 58%, however the price could decline further.
ANALYSTS OPINIONS: Wedbush forecasts $350. New Street Research forecasts $350. RBC Capital forecasts $305. Muziho forecasts $330. Deutsche Bank forecasts $300.

#TSLA, July 21, 2023
Current Price:262.00

Tesla	Weekly
Trend direction	UP
Resistance 3	414.40
Resistance 2	350.00
Resistance 1	295.00
Support 1	230.00
Support 2	215.00
Support 3	200.00

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 $	152,400	88,000	33,000	-32,000	-47,000	-62,000
Profit or loss in €²	136,970	79,090	29,659	-28,760	-42,241	-55,723
Profit or loss in £²	118,533	68,444	25,667	-24,889	-36,555	-48,222
Profit or loss in C$²	200,816	115,957	43,484	-42,166	-61,931	-81,697

1. 1.00 lot is equivalent of 1000 units
2. Calculations for exchange rate used as of 09:00 (GMT+1) 21/07/2023
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