Tesla Inc. (#TSLA)
October 7, 2020
MID-TERM TREND: UP
Company: 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 Model S sedan and the Model X SUV, and the Model 3 sedan, which is among the world's top-selling electric cars.
Tesla Car Delivery (Q3): Tesla Inc. beat Wall Street estimates for third-quarter vehicle deliveries, driven by higher demand for its mass-produced Model 3 sedans. The electric-car maker delivered 139,300 vehicles in the quarter, beating estimates of 134,720 vehicles, according to Refinitiv data. Its total production in the quarter rose 76% to 145,036 vehicles compared to the previous three-month period.
Tesla Posts Better Than Expected Earnings for Quarter Two (Q2): The world’s leading electric car manufacturer posted $2.18 earnings per share, far better than the 3 cents per share predicted by analysts. Revenue rose to $6.04 billion in the second quarter, also better than the $5.37 billion analysts predicted prior to the report.
Next Earnings Release Date (Expected): Tesla is expected to release its Q3 earnings results on October 23, 2020.
Does Tesla Stock Split 5-to-1 (August 31, 2020) make it better available to retail investors?: Tesla share experienced a stock split of 5-to-1, opening at 442 on Monday (August 31) after the stock closed at 2213 the previous session. The Tesla shares had risen almost 40% since Tesla announce the split (August 11), to hit a fresh all-time high of $2317.98. Investors and traders continued to buy Tesla believing that the split might make the stock better available for the retail investors and traders.
Tesla Inc. stock price daily volatility
- Daily stock price volatility increased to 7.13% per day in 2020.
- Since mid-February 2020, when the Coronavirus crisis started to hit the stock markets, the average daily volatility has risen to 7.21%.
- As of October 6, five-day Moving Average Daily Volatility has stood at 4.41%.
- Example of calculation based on Volatility for 1.00 Lot (1 lot = 1000 stocks)
- Technical Outlook (Tesla Inc., Daily, 2019-2020)
Source: Bloomberg
Current Price: 415.00
|
Tesla Inc. |
Mid-Term |
|
Trend direction |
|
|
566.00 |
|
|
543.00 |
|
|
500.00 |
|
|
330.00 |
|
|
300.00 |
|
|
270.00 |
Example of calculation based on trend direction for 1.00 Lot*
|
Tesla Inc. |
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|
Pivot Points |
||||||
|
Profit or loss in $ |
151,000.00 |
128,000.00 |
85,000.00 |
-85,000.00 |
-115,000.00 |
-145,000.00 |
|
Profit or loss in €** |
128,335.88 |
108,788.03 |
72,242.05 |
-72,242.05 |
-97,739.25 |
-123,236.44 |
|
Profit or loss in £** |
99,285.07 |
99,025.22 |
65,758.94 |
-65,758.94 |
-88,967.97 |
-112,177.01 |
|
Profit or loss in C$** |
200,830.00 |
170,240.00 |
113,050.00 |
-113,050.00 |
-152,950.00 |
-192,850.00 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 9:05 a.m. (GMT+1) 07/10/2020
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account 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 Manager for more details
