$Tesla Motors(TSLA)$ $TSLA rejected at tops at $354.10. There is a gap down to $345.60 but it's being brought so Bullish if it holds $348! Come on buyers! Come on Bulls!
Lower Fib levels $352-349.86 ποΈ Buy zone for commons - it could go to $345.60 the mid on the 4 Hour.
Happy trading ahead, cheers BC πππ
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As a professional financial analyst, let me provide you with an analysis of Tesla Motors (TSLA):
Company Profile:Tesla Motors is an electric vehicle (EV) manufacturer and clean energy company. It is known for its innovative technology and disruptive approach to the automotive industry. The company's mission is to accelerate the world's transition to sustainable energy.
Stock Price Analysis:On 2024-12-04, the stock price of Tesla Motors was $350.83 USD. It is important to note that the stock has faced resistance at $354.10 and has a support level at $348. Lower Fibonacci levels are observed at $352 and $349.86. The stock is currently in a bullish trend, and if it holds above $348, buyers may continue to drive the price higher.
Earnings Forecast:According to the earnings forecast, Tesla Motors is expected to experience business growth in the coming years. The forecasted EPS for 2024FY is $2.49 USD, with a forecasted gross income of $99.70 billion USD. In 2025FY, the forecasted EPS is $3.28 USD, with a forecasted gross income of $115.73 billion USD. And in 2026FY, the forecasted EPS is $4.06 USD, with a forecasted gross income of $135.24 billion USD.
Analyst Recommendation and Target Price:Analysts have different recommendations for Tesla Motors. Out of 54 analysts, 8 recommend, 16 buy, 17 hold, 9 underperform, and 4 sell. The mean target price estimated by analysts is $240.44 USD, with a low target of $24.86 USD and a high target of $411.00 USD.
Capital Flow Analysis:In terms of capital flow, there was a net inflow of $30.31 billion USD and a net outflow of $31.30 billion USD on the latest trading day. The capital flow data indicates that there is significant activity and investor interest in the stock.
News Impact and Price Outlook:Recent news regarding Tesla Motors includes a judge rejecting CEO Elon Musk's pay package for the second time and the company's vehicle shipments from its Chinese plant in Shanghai. These news events may have influenced the stock's movement. It is important to consider that news events can impact the stock price, and investors should monitor these developments closely.
Risk Disclaimer:Please note that the analysis provided here is for informational purposes only and should not be considered as investment advice. Investing in stocks involves risks, and the stock market can experience fluctuations. It is essential to conduct thorough research and consider your risk tolerance before making any investment decisions.
Sources:
Trading Strategies: .SPX, META& TSLA
Tesla Stock Is Down. There Is a Lot Going On. -- Barrons.com
These Stocks Are Moving the Most Today: Super Micro, Tesla, Zscaler, CleanSpark, Salesforce and More
Tesla on Track for Highest Close Since April 2022 -- Data Talk
Option Strategies: .SPX, TSLA& AAPL
Stifel Raises Price Target on Tesla to $411 From $287
(Note: The data and analysis provided here are based on the information available at the time of the query and are subject to change.)
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