1. $Tesla Motors(TSLA)$ price challenging MA60 now
$Tesla Motors(TSLA)$ shares closed at $241.2 on Tuesday, slightly lower than the MA60 price of $241.74. And it rise in pre-market Wednesday, higher than the MA60 price.
Today’s main thinking is that MA60 presents a dividing line between bulls and bears in technical analysis.
It may be applied to expect that if $Tesla Motors(TSLA)$ successfully breaks out to upward, it may show more upward momentum.
2.What May Drive $Tesla Motors(TSLA)$ ‘s Price Higher？
Business development：Model Y could be the first model Tesla rolls out in India. The Model Y, which is based on the Model 3 sedan platform, is a mid-sized crossover SUV built by Tesla since 2020.
Earning and fundamental: Tesla's earnings before interest and tax (EBIT) have dropped by 14% over the past year. This downward trend could potentially affect the company’s ability to manage its debts if it continues.
Future guidance: $Tesla Motors(TSLA)$ produced mediocre results for Q3, but at least it generated positive free cash flow. The numbers should be much better in Q4. Analysts now forecast 73 cents for Q4. That represents a 10.6% potential gain in EPS.
Valuations: Tesla is trading at a high earnings multiple with a P/E ratio of 70.94. This reflects investor confidence in the company's future growth prospects but also indicates a premium pricing for the stock.
Target price from analysts：Based on 33 Wall Street analysts offering 12 month price targets for Tesla in the last 3 months. The average price target is $248.54. Big Morgan Stanley $TSLA upgrade with 60% Price Target increase ($250 to $400) certainly helps.
3. Other Discussions on $Tesla Motors(TSLA)$
4. Question for Tigers
Do you think $Tesla Motors(TSLA)$ will break out to run a Wave 5?
What’s your target price for $Tesla Motors(TSLA)$?
Any other strategies you would like to share with Tigers?
Comments
The whole EV sector is regaining great momentum right now, with all the positive news. The correction [Spurting] [Spurting] [Spurting] [Anger] [Anger] [Anger] [Smug] [Smug] [Smug] has been lasted for quite some time and the current valuation seems to be healthier right now, compared to few months ago.
For the case of Tesla, the answer is definitely a YES[Silence] [Silence] [Silence] for it to accelerate and Elliott Wave 5, it is just a matter of time without doubt. The next target price will be around 300 USD. $Tesla Motors(TSLA)$
EV sector is the future trend, all the car on road will be EV cars for next decades, the market is very very big and do expect more revenue boost for all the EV makers. Therefore I am bullish[Call] [Call] [Call] [Allin] [Allin] [Allin] for all these EV companies $NIO Inc.(NIO)$
@Tiger_comments @TigerEvents @TigerWire @TigerClub @MillionaireTiger @TigerStars @CaptainTiger
$Tesla Motors(TSLA)$
Is currently facing some headwinds as there is a ongoing strike by Tesla's Swedish workers in 8 Tesla workplaces over the past 5 weeks.
Elon Musk, CEO of Tesla has said that "This is insane on X, formerly Twitter.
The strike has gained support from Swedish Transport and Harbour workers who have refused to load or unload Tesla cars in all Swedish ports.
Recently Elon Musk has made anti Semitic remarks in X and that has also negatively impacted Tesla share price too.
I believe that Tesla's share price may trend downwards next week to USD 230. However this is just a temporary setback and a great buying opportunity before it bounces up again.
Fundamentally, Tesla is a profitable company and this is just a healthy correction.
@Trend_Radar
Very intelligent discussion about the recent situation of Tesla Motors, you also mentions about some future forcasts, and I think those forcasts are quit reasonable.