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TSLA - Tesla Motors Inc (NASDAQ)

CanOz

Home runs feel good, but base hits pay bills!
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Tesla has been tracing a well know bearish pattern, the head and shoulders. It has broken the neckline and is at the typical 'throwback' or 'retest'. There are a couple of ways to play this but i like 'looking inside the bars' and determining what the market structure tells me could be the best entries and stop locations.

To do this i use volume profile on an intra-day chart.

Examples of two ways to play this as a swing trade:
You can clearly see on the price action above the gap we have a double distribution pattern. Statistically the lower half of the distribution usually gets a re-test more than 50% of the time, so 215.98 becomes our aggressive entry. The stop is placed above the value area of the higher distribution. If we prefer to wait for more downward price action then a more 'conservative' entry could actually be the gap play, with a stop above the low volume node at 215.29

The target area for this pattern is around the 149.75 area, which is a measured move from the high, to the 'neckline' and also coincides with a prior VWAP. These prior areas of 'value' are almost 'magnetic' targets.

Trade it well....
 

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CanOz

Home runs feel good, but base hits pay bills!
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Re: TSLA - Tesla Motors Inc

Where is TSLA listed?

TSLA is a Nasdaq stock Nulla.

If you type in the symbol, into yahoo or a Google engine, it will show you where it's listed. I guess I should have mentioned that side I posted in International Markets.

Cheers,



CanOz
 
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As much as I admire the innovation and all.
This thing is a cult stock that is so overpriced at present along with GoPro it's mind boggling.
Technically has done very well. But when the market corrects this will be a great short.
 

CanOz

Home runs feel good, but base hits pay bills!
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As much as I admire the innovation and all.
This thing is a cult stock that is so overpriced at present along with GoPro it's mind boggling.
Technically has done very well. But when the market corrects this will be a great short.

Yeah, I guess energy prices aren't doing it any favours here either....
 

Value Collector

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Yeah, I guess energy prices aren't doing it any favours here either....

Check out Teslas lastest product launch, it looks pretty awesome to me, allows people to store solar power for night time use or even time shift offpeak power for later use.

If Office buildings etc start using this to time shift off peak power, it could be a good thing for the generators.

 
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CanOz

Home runs feel good, but base hits pay bills!
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Yeah, just watched it too...hopefully our resident expert smurf will comment....I'd love to add solar to our house in brissy once we settle.
 
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Would this be a good long term buy?
I was thinking with oil prices at record low 5 year records that people would be reluctant to pay a premium for an electric car which translates to a lower share price compared to if oil was at record highs. Not sure if this is how it works in the real world.

Also this autonomous driving may see an uptake of driverless Telsa uber/taxis in the distant future
 

Dona Ferentes

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probably no more contentious and polarising stock. Emblematic of the changing world, perhaps? Is it true the market cap for Tesla is greater than GM or Ford?
Tesla shares leapt to a record high, putting a $US100 billion ($145 billion) market value for the car maker into sharper focus and putting short sellers in the spotlight.

Shares in Telsa rose 9.8 per cent to $US524.86 in New York, lifting its market cap to $US94.6 billion. The stock has almost tripled since trading as low as $U176.99 in early June.
 
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probably no more contentious and polarising stock. Emblematic of the changing world, perhaps? Is it true the market cap for Tesla is greater than GM or Ford?
I have a hard time understanding the valuation of this company compared to how much money it doesnt make.

I do like the products and the vision though.

Vote Elon for first President of Mars!
 

Dona Ferentes

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(from Jonathan Pain) Here is an interesting fact that seems to have been overlooked.
Tesla’s profit over the past four quarters is $368 million. Tesla made $1 billion by selling ‘regulatory zero emission credits’ to other car makers, over the past 12 months to June 30 2020.

Which means, does it not, that Tesla didn’t make money selling cars? They made their money by selling so-called regulatory credits to other car makers who haven’t yet built enough electric cars and hence have to buy credits from Tesla to satisfy emissions regulators.
So, do you believe that Tesla will be the only car company in the world that will make electric vehicles over the next 2-5 years?
 
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Tesla's China Revenue Soars in Q2

Tesla reported revenue of $1.4 billion in China in the second quarter, soaring 102.9 percent year-on-year and accounting for 23.19 percent of the total.

During the first six months, Tesla reported $2.3 billion in revenues in China, accounting for 19.13 percent of the total $12.02 billion.

Tesla delivered 31,000 electric vehicles to China-based customers in the second quarter, accounting for one-third of its global sales, according to the China Passenger Car Association.

http://www.china.org.cn/business/2020-07/2...nt_76324598.htm



Nasdaq:IDEX -
The EV Revolution - TESLA Model 3 Proof of Concept

https://investors.ideanomics.com/2020-06-10...-EV-Taxi-Orders
 
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