Tesla (#TSLA)

Special Reports - 25/04/2024

25 April, 2024

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 AROUND 18% OF TOTAL CAR SALES IN 2023: The EV sector increased its market share from around 4% in 2020 to around 18% of global car sales in 2023.
MARKET POTENTIAL: ELECTRIC VEHICLES (EV) COULD BE EXPECTED TO TAKE UP AROUND 50% OF GLOBAL CAR SALES BY 2030. In 2020, the market was worth 160.01 billion dollars. Expecting this number to grow to 823.75 billion dollars by 2030, the EV market could grow annually on average by 18.6%.

TESLA: THE COMPANY

Tesla produces 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 (JUNE 13): TESLA SHAREHOLDER TO VOTE ON ELON MUSK’S COMPENSATION PLAN. According to Reuters, Tesla also said it will call a vote on moving the company’s state of incorporation to Texas from Delaware. The carmaker will convene its annual meeting on June 13.
EVENT (AUGUST 8): TESLA TO UNVEIL “ROBOTAXI” ON AUGUST 8, 2024. 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: OTHER ANALYSIS

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

THE STOCK HAS TRADED AROUND 66% BELOW ITS ALL- TIME HIGH OF $414.4 (November 4, 2021). 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 196%. However, the price could decline further.

TESLA TRADES AT ITS LOWEST SINCE JANUARY 2023: Tesla has fallen recently to test its lowest price January 2023 ($140), down from its most recent top of $264.61 (December 28, 2023).

ANALYSTS OPINIONS: Morgan Stanley forecasts $310. Wedbush forecasts $275. Barclays forecasts $180. Citigroup forecasts $182. Bank of America forecasts $220.

TECHNICAL REVIEW: Approaching a Bottom Within A Longer Term Channel (Between $100 and $300)

MOST RECENT BOTTOM ON APRIL 27, 2023: $151.25.
RECOVERY TO $298.79 UNTIL JULY 19
THREE MONTH INCREASE: +97.54% OR $147.54

Please note that past performance does not guarantee future performance.

GRAPH: Weekly (August 2022 to April 2024)

#TSLA, April 25, 2024
Current Price:160

Tesla	Weekly
Trend direction	UP
Resistance 3	250
Resistance 2	200
Resistance 1	185
Support 1	138
Support 2	130
Support 3	120

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	40,000	25,000	-22,000	-30,000	-40,000
Profit or loss in €²	83,917	37,296	23,310	-20,513	-27,972	-37,296
Profit or loss in £²	71,942	31,974	19,984	-17,586	-23,981	-31,974
Profit or loss in C$²	123,089	54,706	34,192	-30,089	-41,030	-54,706

1. 1.00 lot is equivalent of 1000 units

2. Calculations for exchange rate used as of 11:15 (GMT+1) 25/04/2024

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

Share It With Your Network

TESLA Chart

Update Time: -

Highest

Lowest

Bid Price Ask Price

1M 5M H D W

Prices are loading..

Other Special Reports

COCOA (#COCOA) 30 April, 2024

COCOA (#COCOA) Weekly Special Report based on 1 Lot Calculation: GLOBAL COCOA MARKET: Cocoa is a versatile...

Tesla (#TSLA) 30 April, 2024

Tesla (#TSLA) weekly special report based on 1 Lot Calculation: TESLA: THE COMPANY Tesla produces several...

Nvidia (#NVDA) 29 April, 2024

Nvidia (#NVDA) Weekly Special Report based on 1 Lot Calculation: AI: ACCORDING TO THE INTERNATIONAL DATA...

Ready for trading?Start Now

Daily market review & analysis Daily EU Session & US Session Analysis for CFD Instruments

Weekly Analysis Weekly Overview of CFD Movements

Technical Analysis Trading Central Technical Analysis System

Fortrade Ltd is authorised and regulated in the UK by FCA under the licence number 609970.

Risk Warning and Disclaimer: 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. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. 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. See full risk warning

Risk warning Privacy policy

CFDs and margin FX are leveraged products that carry a high level of risk to your capital. You should only trade with money you can afford to lose. Be Aware: You can lose all, but not more than the balance of your Trading Account. You do not own, or have any rights to, the underlying assets. Past performance is no guarantee of future performance. This information is intended to be general in nature and is not financial product advice. Any advice contained on this website or provided to you by Fort Securities Australia Pty Ltd is general advice only and has been prepared without considering your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. We encourage you to obtain independent financial advice and consider our Financial Services Guide (FSG), Product Disclosure Statement (PDS), and Target Market Determination (TMD) to determine if this product is suitable for you before deciding to enter into or obtain any financial products issued by us.

This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade Australia accepts no responsibility for any use that may be made of the information and for any consequences that result. 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.

Fort Securities Australia Pty. Ltd (T/A Fortrade Australia) |ABN: 33 614 683 831 | AFSL number: 493520

Risk warning Privacy policy

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

Risk warning Privacy policy

Fortrade Canada Limited, 1200 Waterfront Centre, 200 Burrard Street, P.O. Box 48600, Vancouver BC V7X 1T2, Canada Email: [email protected]
Fortrade Canada Limited is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF). Company registration number: BC1148613.
Click here to see Fortrade Canada Limited on the IIROC website.

Regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20.

Risk Warning and Disclaimer: CFDs are complex and highly speculative instruments, which come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your invested capital. Be Aware: You can lose all, but not more than the balance of your Trading Account. 76% of retail investor accounts lose money when trading CFDs with this provider. These products may not be suitable for all clients, therefore ensure, that you understand the risks and seek independent advice. Should you proceed with investment in CFDs on virtual currencies, please note, that the values are highly volatile and may result in a significant loss for a short period of time. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. 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. The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Risk warning | Privacy policy

Authorised and regulated by Financial Services Commission, Mauritius (FSC), SEC-2.1B investment dealer number: GB21026472.

Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Be aware, as a retail client you can lose all, but not more than the balance of your trading account due to Fortrade’s negative balance protection.

Risk warning | Privacy policy

Daily market review & analysis Weekly Analysis Technical Analysis Micro Analysis Special Reports Economic Calendar Publications

Main Site