🎁Once $TSLA Stood Above the 60SMA, it Can Accelerate an Elliott Wave 5?

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

# 💰 Stocks to watch today?(13 Nov)

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.

Report

Comment31

  • Top
  • Latest
  • Shyon
    ·2023-11-29
    TOP

    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 $NIO Inc.(NIO)$ $XPeng Inc.(XPEV)$ $Faraday Future Intelligent Electric Inc.(FFIE)$ $Rivian Automotive, Inc.(RIVN)$ BullishBullishBullish. Please leave your comments below. How do you think? Do you own a EV car now? How do you foresee this market?

    @Tiger_comments  @TigerEvents  @TigerWire  @TigerClub  @MillionaireTiger  @TigerStars  @CaptainTiger  

    Reply
    Report
    Fold Replies
    • ShyonReplying towavyloo
      Haha yea, more reasonable as in higher or cheaper for collection?
      2023-12-04
      Reply
      Report
    • ShyonReplying totwinkle5
      This will be only a matter of time I think.
      2023-12-04
      Reply
      Report
    • ShyonReplying tofloopi
      Nio is amother good choice but the risk is higher due to its profit margin too low. And the company keeps getting funds from public recently, making it to be a less confident choice by investors.
      2023-12-04
      Reply
      Report
    View more 8 comments
  • icycrystal
    ·2023-11-23
    TOP
    $Tesla Motors(TSLA)$ am just wondering if Tesla has somehow reached its peak and its stock is swinging left and right at a stagnant level [Thinking] [Thinking] [Thinking] it used to be a stock trading around 400 (if I remember correctly) level and has somehow dived down to half that level... understandable as competition is stiff. something drastic has to be done to boost the stock breaking through the 200 plus level... not too optimistic tough... but have to admit they are still a brand that has successfully become a global brand and everyone knows the name of Tesla... target price perhaps 215 to 225 [Thinking] [Thinking] [Thinking]
    Reply
    Report
    Fold Replies
  • koolgal
    ·2023-11-24
    TOP

    $Tesla Motors(TSLA)$ 

    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  

    Reply
    Report
    Fold Replies
    • koolgalReplying tozuma
      Have a wonderful weekend 😍😍😍
      2023-11-25
      Reply
      Report
    • koolgalReplying tozuma
      My pleasure 😍😍😍
      2023-11-25
      Reply
      Report
    • zuma
      thx
      2023-11-25
      Reply
      Report
  • LMSunshine
    ·01-11
    TOP
    Hopefully it can break MA60 and go above $300 but right now it has broken below MA60 again so it seems like we are heading down to $225+ before $Tesla Motors(TSLA)$ might turn bullish again…All will depend on January Earnings release and what Musk says😅 Thanks loads @Trend_Radar for the coins❣️
    Reply
    Report
  • FrancesWesley
    ·2023-11-23
    TOP

    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.

    Reply
    Report
  • Universe宇宙
    ·2023-11-23
    @TigerGPT perform technical analysis and tell me the next target price to go in.
    Reply
    Report
    Fold Replies
    • TigerGPT

      Technical Analysis of Tesla Motors (TSLA)

      Business and Industry Growth:

      Tesla Motors (TSLA) is a leading electric vehicle (EV) manufacturer and clean energy company.  

      The EV industry is expected to grow rapidly in the coming years due to increasing environmental concerns and government initiatives to promote sustainable transportation.  

      Tesla's innovative technology, strong brand recognition, and expanding product lineup position it well for future growth in the EV market.  

        

      Earnings and Forecast:

      Tesla's earnings before interest and tax (EBIT) have shown a downward trend, dropping by 14% over the past year.  

      However, analysts forecast improved performance in Q4, with an estimated EPS of 73 cents, representing a potential gain of 10.6%.  

      Looking ahead, the earnings forecast for Tesla indicates positive growth. For example, the forecast EPS for 2025 is $5.00 (USD), with a projected gross income of $142.76 billion (USD) and EBIT of $19.23 billion (USD).  

        

      Recent Trends:

      The latest closing price for Tesla is $234.21 (USD) as of November 23, 2023.  

      The support price on November 21, 2023, was $216.87 (USD), indicating a level where buying pressure may increase.  

      The resistance price on November 21, 2023, was $252.07 (USD), representing a level where selling pressure may increase.  

      The average cost on November 21, 2023, was $236.73 (USD), which can be used as a reference for evaluating the stock's performance.  

        

      Analyst Viewpoints:

      Analysts have provided target price estimates for Tesla. The mean target price is $224.90 (USD), with a low estimate of $24.33 (USD) and a high estimate of $380.00 (USD).  

      It's important to note that these target prices are based on analysts' opinions and may change over time.  

        

      Capital Flow Analysis:

      The recent 5-day capital flow data for Tesla shows mixed inflows and outflows, indicating fluctuating investor sentiment.  

      On a single day, there was a big inflow of $1.22 billion (USD) and a big outflow of $1.41 billion (USD), suggesting significant trading activity.  

        

      Target Price Forecast:Based on the available information, the average target price estimated by analysts for Tesla is $224.90 (USD). However, it's important to consider that target prices are subject to change based on market conditions and company performance.

      Disclaimer:The above analysis and target price forecast are for informational purposes only and should not be considered as investment advice. Investing in stocks involves risks, and stock prices can fluctuate. It is recommended to conduct thorough research and analysis and consult with a financial advisor before making any investment decisions.

      Please note that the information provided is based on the available data and may not reflect real-time market conditions.

      2023-11-23
      Reply
      Report
  • Universe宇宙
    ·2023-11-23
    Do you think $Tesla Motors(TSLA)$ will break out to run a Wave 5?

    Yes, can see uptrend movement, right? [Doubt] [Chuckle]

    Reply
    Report
  • Alubin
    ·2023-11-24
    yup think $Tesla Motors(TSLA)$ will run another wave. hoping it will reach 250
    Reply
    Report
  • Marcusthong
    ·2023-11-24

    Great ariticle, would you like to share it?

    Reply
    Report
  • Sonsonkok
    ·2023-11-24

    Great ariticle, would you like to share it?

    Reply
    Report
  • KSR
    ·2023-11-23
    👍
    Reply
    Report
  • Tom Chow
    ·2023-11-23
    good
    Reply
    Report
  • Ackw
    ·2023-11-22
    k
    Reply
    Report