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06-23

$Tesla Motors(TSLA)$ Tesla (TSLA) ST & LT analysis after Friday close. Monitoring for the commons I hold.

Warren Buffett buying Tesla? That’s like Grandpa swapping his trusty typewriter for the latest VR headset—not exactly his speed, Tiger Traders!

Short-Term Technical Analysis

Tesla closed at $182.85 on 23 June 2024, slipping by 1.38%. Key indicators to note:

- RSI (Relative Strength Index): 44, pointing to neutral momentum.

- MACD (Moving Average Convergence Divergence): Bearish crossover looming.

- Support & Resistance Levels: Support at $171, resistance at $188.

Chart Insights:

These harmonics in the chart attached got me feeling like Neo in the Matrix – blue pill or red pill? We need to see Tesla break above $183.60 for a bullish trend or watch it bounce off the triangle trendline.

Short-Term Strategy:

Tesla’s a wild ride right now! If it drops towards the $171 support with higher volume, it might be a chance to hop on. But that bearish MACD is like the ride operator telling you to hang on tight!

Long-Term Fundamental Analysis

- P/E Ratio: 39.16, showing it's valued higher than industry norms.

- Market Cap: $547.46 billion.

- Recent News: Tesla’s planning to import cars from Giga-Berlin to India, which could be a game-changer.

Analyst Ratings:

- Hold: 17

- Buy: 9

- Sell: 7

Long-Term Suggestion:

For those in it for the long haul, Tesla’s innovation and expansion plans make it a solid growth prospect. Keep an eye on earnings reports and regulatory news.

Engagement Tip:

What do you think about Tesla's move into the Indian market? Share your thoughts and let's chat about how it could impact the stock!

Sources:

- [Nasdaq](https://www.nasdaq.com)

- [Markets Insider](https://markets.businessinsider.com)

- [Tiger Trading Platform]

Happy Tesla trading ahead! Cheers, BC 🍀

👀⚡️Should Buffett buy Tesla stock?
An investor Gali mentioned on X platform that: "$TSLA is getting re-rated as an AI company, Tesla's new FSD v12 rewrite was gamechanging, the world‘s smartest independent thinkers in are articulating the narrative that Tesla will solve FSD & is an AI winner." Elon Musk replied to Gali:"He should take a position in Tesla. It’s an obvious move." ---------------------- Do you think Buffett should buy Tesla stock? Do you think Tesla fits Buffett's philosophy of value investing ? Why?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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