To The Moon

Tesla Inc. (NASDAQ:TSLA) rose 4% amid rising optimism that the Biden administration could enact proposed Environmental Protection Agency regulations next month that might speed up the electric vehicle transition. ⚠️ Trading tips: TSLA calls in play above 200 and puts under 195 on Friday. Pay attention to PPI reading at 8:30am to determine the market direction. In addition, it’s OPEX Friday and Monday is a holiday, so most people could be away for a long weekend. Good to size down if trading later. Inverse head & shoulder to the upside Tesla, the electric car manufacturer led by Elon Musk, may finally enter the Indian market soon. A new report suggests that the Indian government is close to finalising new import duties for global EV makers like Tesla for cars priced beyond Rs 30 lakh. However, the offering of reduced import duties will be for a temporary period, according to a report by ET. The development comes after years of speculations about Tesla's entry into the Indian market. The report, citing sources, claims that the Indian government is working on a policy to offer Tesla a 2-3 year period of lowered import taxes. This would involve a reduction in the currently high import duties imposed on luxury cars, in exchange for Tesla's promise to start manufacturing locally in the future and provide bank guarantees. Buy call at open In the fourth quarter, revenue increased by just 3%, bringing full-year sales growth to 19%. That marks a notable slowdown from prior years. Tesla is also taking it on the chin when it comes to profitability. Both the gross margin and the operating margin contracted significantly in 2023. Elon Musk, Tesla's outspoken founder and CEO, is right to blame the macroeconomic environment for his company's struggles. In particular, higher interest rates might make consumers think twice before buying a new car. And this isn't a positive development when the U.S. is still dealing with inflationary pressures. So, Tesla was forced to cut prices. Although Tesla shares currently sit 54% below their all-time high from November 2021, they still look expensive. At a price-to-earnings ratio of 43.5, Tesla benefits from being a "story stock." Tesla has yet to achieve fully autonomous driving capabilities, which involve no human intervention. The hope is that this breakthrough, if it happens, can help Tesla operate a global fleet of self-driving taxis. Well-known tech investor Cathie Wood is bullish on the revenue potential for robotaxis over the long term. Robotics are another area that Tesla could be a leader in. Maybe you've seen pictures of Optimus, the company's humanoid robot that it hopes can boost car production capabilities on the factory floor. Musk wants to sell these robots to other businesses. "It's by far the most sophisticated humanoid robot that's being developed anywhere in the world," Musk said on the company's Q4 2023 earnings call. "I think we've got a good chance of shipping some number of Optimus units next year." Buy call TSLA Price Action: Tesla shares are up 3.74% to $195.76 on Thursday versus a 52-week trading range of $152.37 to $299.29. 🚨 Subscribe to my trade alerts via Trading Sparks. Please click Like 👍, Comment 💬 & Repost 🔄 this article found at the bottom of your screen. Follow me for the latest news, trading ideas & strategies to ride the market daily with profits! $Tesla Motors(TSLA)$ @CaptainTiger @MillionaireTiger @TigerStars @Daily_Discussion @Aqa @Andreana @mster @koolgal @TigerEvents