How I would Trade TSLA

TigerOptions
09-18 18:06

Tesla Gigafactory Shanghai

$Tesla Motors(TSLA)$'s recent surge, coupled with the confirmation of its robotaxi event in Los Angeles, has sparked renewed optimism among investors. While the short-term market fluctuations may influence the stock price, the company's long-term prospects remain promising.

TSLA Daily Chart Ascending Triangle Pattern

I've been closely following Tesla's chart and noticed a bullish ascending triangle pattern forming. This suggests that the uptrend is gaining momentum. If Tesla can break above the 234-235 resistance level, it could signal a significant breakout and further upside potential. However, with the price rejecting this level on yesterday’s trading day, a short-term pullback might be necessary before the bullish trend resumes.

For trading, I'll be keeping a close eye on the following key price levels:

  • Support - If the price falls below the support line of the ascending triangle, it could indicate a temporary pause in the uptrend.

  • Resistance - A break above the 234-235 resistance level could signal a significant breakout and further upside potential.

For investing, Tesla's long-term prospects are influenced by several factors, including:

  • Product Innovation: The company's ability to continue innovating and introducing new products will be crucial for its future growth.

  • Market Adoption: The increasing adoption of electric vehicles and the expansion of charging infrastructure will play a significant role in Tesla's success.

  • Regulatory Environment: Government policies and incentives related to electric vehicles can impact the industry's growth.

Elon Musk

I believe that Tesla's recent surge and the confirmation of its robotaxi event are positive indicators for the company's future. While the short-term market fluctuations may influence the stock price, the long-term fundamentals remain strong. Investors who believe in Tesla's vision and execution capabilities may find this a compelling investment opportunity.

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Disclaimer: This is a personal analysis and not financial advice. Always conduct your own research before making any investment decisions.

Robotaxi Coming! Can Tesla Break Out and Head to $250?
Tesla surged 15% last week and closed above $230. It confirmed that the robotaxi event will take place in LA in a month. The company has opened a lottery for shareholders to win tickets to attend the unveiling in person. ------------------ What is your target price for this rebound? Are you bullish on Robotaxi launch or not? After closing above $230, will Tesla continue to break out or pull back this week?
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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