To The Moon

We have seen $Tesla Motors(TSLA)$ making some interesting movement in its share prices over this week.

We might want to explore the bullish outlook for Tesla’s EVs and the factors driving their continued success despite competition heating up in the global EV space.

I shall share in the article on how Tesla has performed in terms of their share prices and the factors driving their success.

Is Tesla (TSLA) having a bullish trend?

I plot the SMA50 and SMA200 using my in-house app and it seem like TSLA price is above SMA50 and SMA200 but it is still in Bear trend.

I believe the psychological level of $260 would be need to bring the SMA200 to be above SMA50 to bring TSLA to begin its Bull trend.

Tesla (TSLA) trying for $260 level. An Indication to begin its Bull trend

Looking at how TSLA prices have been trading over the last 5 days we can see that it has touched $260 a few times on 14 June 2023.

But after that it start to hover around $250 to $258. I believe with the autonomous feature, Tesla look to be a good candidate for Robotaxi.

The next wave in ride hailing will be Robotaxi, we are now already experiencing how convenient it is to book a public cab to take us from point A to point B.

If cost can be reduced with Robotaxi joined the current fleet of private hire. That will be a very different game play.

Factors That Drive Tesla (TSLA) Continued Success

Tesla, the pioneering electric vehicle (EV) manufacturer founded by Elon Musk, has emerged as a transformative force in the automotive industry.

With its innovative technology, relentless pursuit of sustainability, and commitment to pushing the boundaries of EV development, Tesla has positioned itself as a leader in the transition to a greener transportation ecosystem.

We will explore these factors

Technological Innovation and Superior Performance

Tesla's commitment to technological innovation has propelled its EVs to the forefront of the market. With cutting-edge battery technology, efficient powertrain systems, and advanced autonomous driving capabilities, Tesla vehicles offer an unparalleled driving experience.

The Model S, Model 3, Model X, and Model Y boast impressive acceleration, extended range, and dynamic handling, challenging traditional combustion-engine vehicles.

Moreover, Tesla's continuous software updates have enabled over-the-air improvements, enhancing performance, and adding new features.

This unique approach sets Tesla apart from competitors, allowing it to consistently refine and upgrade its vehicles, further solidifying its bullish outlook.

Expanding Global Market Presence

Tesla's global expansion is a significant factor contributing to its bullish outlook. The company has made remarkable strides in penetrating various international markets, including Europe and China.

Tesla's Gigafactories, strategically located in different regions, have enabled efficient production and reduced delivery times, fostering consumer confidence.

Additionally, Tesla's Gigafactory in Shanghai, China, has proven instrumental in meeting the rising demand for EVs in the world's largest automotive market.

This localized production approach has not only helped Tesla navigate regulatory hurdles but also reduced costs, making their EVs more accessible to a broader audience.

Commitment to Sustainable Energy and Infrastructure

One of Tesla's fundamental objectives is to accelerate the world's transition to sustainable energy. Through its electric vehicles and energy storage solutions, such as the Powerwall and Powerpack, Tesla is revolutionizing not only the automotive industry but also the energy sector.

Tesla's Supercharger network, a vast network of fast-charging stations, has been expanding rapidly worldwide.

This infrastructure development addresses the issue of range anxiety, making long-distance EV travel more practical and convenient.

The ongoing expansion of the Supercharger network ensures that Tesla drivers can access reliable charging options, further strengthening the bullish outlook for Tesla's EVs.

Recent collaboration with other makers who joined Tesla’s Supercharger network is a very good step towards market dominance and also help in Sustainable Energy and Infrastructure by sharing resources (of course, with monetization in mind).

Continuous Advancements in Battery Technology

Tesla's advancements in battery technology have been crucial in driving its EV success. The company's focus on developing efficient and cost-effective battery solutions has resulted in significant improvements in driving range and overall vehicle performance.

Tesla's partnership with Panasonic and its development of in-house battery expertise have led to the creation of innovative battery cells, such as the 4680 battery.

This new battery design boasts higher energy density and improved thermal management, promising increased range, faster charging times, and extended lifespan.

Leadership in Autonomous Driving

Tesla's ambitious pursuit of autonomous driving technology positions it as a frontrunner in the race towards fully autonomous vehicles. Through its advanced Autopilot and Full Self-Driving (FSD) systems, Tesla is continuously pushing the boundaries of autonomous capabilities.

The vast fleet of Tesla vehicles on the road provides valuable data for machine learning and AI algorithms, enabling continuous improvement of Tesla's autonomous driving features.

As Tesla collects more real-world data and refines its software, its autonomous driving technology will become increasingly advanced, further reinforcing the bullish outlook for the company.

This shall be good news for companies going for Robotaxi.

Summary

Tesla's bullish outlook in the EV market is supported by its commitment to technological innovation, global market expansion, sustainable energy initiatives, advancements in battery technology, and leadership in autonomous driving.

We hope to see that this bullish outlook could be well present in its share prices.

With a relentless drive to push the boundaries of what's possible, Tesla continues to shape the future of transportation by providing efficient, sustainable, and high-performance electric vehicles.

As the world moves towards a greener future, Tesla's visionary approach and innovative solutions position the company at the forefront of the EV revolution.

I believe this is what will set Tesla apart from its current and incumbent competitors.

I already have a position in Tesla (TSLA) but I am looking it to break $260 -> $280 -> eventually above $300 within this year (2023).

I will be sharing more updated article on Tesla (TSLA) as it continue to innovate and be bullish.

Appreciate if you could share your thoughts in the comment section of what you think of Tesla bullish outlook and its share prices? $300 level should not be a wish or dream anymore?

@TigerStars @Daily_Discussion @TigerWire appreciate if you could feature this article so that fellow tiger would benefit from my investing and trading thoughts.

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.