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"Fairlead Strategies cofounder Katie Stockton said $148 a share represents another level of support."

Interesting she is calling $148 as the next support. I was more generous at $150. But these are not exact sciences.

What is especially interesting is the mention if ket catalyst. The earnings announcement on yhe 23rd of April will be a Major determining event. I am expecting a really bad result. Just reading all recent events that has taken place. And especially watching Elon Musk's actions.

But the really firm indication is the 10% headcount cut. That is saying everything.....

Tesla Stock Breached Support. This Is Where It's Headed

Tesla stock closed below key a support level Monday, leaving investors wondering where shares are headed next into the company's key first-quarter earnings report.Tesla stock dropped 5.6% Monday, losing almost $10 and closing at $161.48 following news that Tesla would lay off more than 10% of its 140,000-strong workforce. The S&P 500 and Nasdaq Composite fell 1.2% and 1.8%, respectively.The drop Monday took Tesla below technical support levels at about $164 a share. Support and resistance are terms used by traders and technical analysts. They represent levels where investors have been willing to buy, or sell, stock in the past.Breaking through a support level leaves investors looking for the next level where declines might stop. Fairlead Strategies cofounder Katie Stockton said $148 a share represents another level of support.Stockton isn't making a fundamental call on the stock. She looks at stock charts to suss out where shares can go over the short- and medium-term. Moving averages,

Tesla Stock Breached Support. This Is Where It's Headed

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I was more generous at $150. But these are not exact sciences.&nbsp;\nWhat is especially interesting is the mention if ket catalyst. The earnings announcement on yhe 23rd of April will be a Major determining event. I am expecting a really bad result. Just reading all recent events that has taken place. And especially watching Elon Musk's actions.&nbsp;\nBut the really firm indication is the 10% headcount&nbsp;cut. That is saying everything.....</body></html>","htmlText":"<html><head></head><body>\"Fairlead Strategies cofounder Katie Stockton said $148 a share represents another level of support.\"\nInteresting she is calling $148 as the next support. I was more generous at $150. But these are not exact sciences.&nbsp;\nWhat is especially interesting is the mention if ket catalyst. The earnings announcement on yhe 23rd of April will be a Major determining event. I am expecting a really bad result. Just reading all recent events that has taken place. And especially watching Elon Musk's actions.&nbsp;\nBut the really firm indication is the 10% headcount&nbsp;cut. That is saying everything.....</body></html>","text":"\"Fairlead Strategies cofounder Katie Stockton said $148 a share represents another level of support.\" Interesting she is calling $148 as the next support. I was more generous at $150. But these are not exact sciences. What is especially interesting is the mention if ket catalyst. The earnings announcement on yhe 23rd of April will be a Major determining event. I am expecting a really bad result. Just reading all recent events that has taken place. And especially watching Elon Musk's actions. But the really firm indication is the 10% headcount cut. That is saying everything.....","highlighted":1,"essential":1,"paper":1,"likeSize":29,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/295932702105768","repostId":2427178758,"repostType":4,"repost":{"id":"2427178758","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1713257745,"share":"https://www.laohu8.com/m/news/2427178758?lang=&edition=full","pubTime":"2024-04-16 16:55","market":"sh","language":"en","title":"Tesla Stock Breached Support. This Is Where It's Headed","url":"https://stock-news.laohu8.com/highlight/detail?id=2427178758","media":"Dow Jones","summary":"Tesla stock closed below key a support level Monday, leaving investors wondering where shares are headed next into the company's key first-quarter earnings report.Tesla stock dropped 5.6% Monday, losing almost $10 and closing at $161.48 following news that Tesla would lay off more than 10% of its 140,000-strong workforce. The S&P 500 and Nasdaq Composite fell 1.2% and 1.8%, respectively.The drop Monday took Tesla below technical support levels at about $164 a share. Support and resistance are terms used by traders and technical analysts. They represent levels where investors have been willing to buy, or sell, stock in the past.Breaking through a support level leaves investors looking for the next level where declines might stop. Fairlead Strategies cofounder Katie Stockton said $148 a share represents another level of support.Stockton isn't making a fundamental call on the stock. She looks at stock charts to suss out where shares can go over the short- and medium-term. Moving averages,","content":"\n\n Al Root \n\n\n Tesla stock fell Tuesday after shares closed below an important level of support on Monday. The recent action leaves investors wondering where shares are headed as the company's first-quarter earnings report approaches. \n\n\n Tesla dropped 5.6% Monday, losing almost $10 and closing at $161.48 following news that Tesla would lay off more than 10% of its 140,000-strong workforce. The S&amp;P 500 and Nasdaq Composite fell 1.2% and 1.8%, respectively. \n\n\n Shares fell 2.7%, closing at $157.11 on Tuesday, while the S&amp;P 500 and Nasdaq dropped 0.2% and 0.1%, respectively. Tesla stock hadn't traded below $160 since May 2023. \n\n\n The declines leave Tesla stock down about 37% year to date. Shares are now trading for about 44 times the per-share earnings the EV maker is expected to produce in 2025. They started the year trading for about 65 times, according to FactSet. \n\n\n The drop Monday took Tesla below a so-called technical support level at about $164 a share. Breaking through a support level -- a price that investors have been willing to buy in the past -- leaves investors looking for the next level where declines might stop. Fairlead Strategies co-founder Katie Stockton said $148 represents another level of support. \n\n\n Stockton and other technical analysts don't make fundamental calls on stocks. They look at price charts to suss out where shares can go over the short and medium term. Technical analysts such as Stockton use moving averages, percentages of prior gains, and other data to figure out what's coming next for a particular stock. \n\n\n Shares might drift toward the $148 level without something significant to change investor sentiment. Earnings are a factor that could change the picture, for better or for worse. \n\n\n Tesla is due to report first-quarter results on April 23 after the market closes. It likely would take reassurance from CEO Elon Musk that growth will return to send the stock higher. \n\n\n Tesla delivered about 387,000 vehicles in the first quarter of 2024, down almost 9% year over year, missing the lowest Wall Street estimates by roughly 20,000 units. The miss led Wall Street analysts to cut 2024 delivery estimates to about 1.8 million units, flat with 2023. \n\n\n \"I'd love [Musk] to give a candle of hope...a ray of light for [profit margins],\" says Canaccord analyst George Gianarikas. \n\n\n Lower deliveries and falling EV prices have pressured profit margins. Wall Street expects operating profit margins in the first quarter to come in at about 6%, according to FactSet, down from 11% in the first quarter of 2023 and from 19% in the first quarter of 2022. \n\n\n \"People need hope,\" added Gianarikas. He rates Tesla stock at Buy with a $234 price target. \n\n\n Write to Al Root at allen.root@dowjones.com \n\n\n This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n<pre>\n \n</pre>\n\n (END) Dow Jones Newswires\n\n\n April 16, 2024 16:16 ET (20:16 GMT)\n\n\n Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n\n","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock Breached Support. 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This Is Where It's Headed\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nDow Jones \n2024-04-16 16:55\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n\n\n Al Root \n\n\n Tesla stock fell Tuesday after shares closed below an important level of support on Monday. The recent action leaves investors wondering where shares are headed as the company's first-quarter earnings report approaches. \n\n\n Tesla dropped 5.6% Monday, losing almost $10 and closing at $161.48 following news that Tesla would lay off more than 10% of its 140,000-strong workforce. The S&amp;P 500 and Nasdaq Composite fell 1.2% and 1.8%, respectively. \n\n\n Shares fell 2.7%, closing at $157.11 on Tuesday, while the S&amp;P 500 and Nasdaq dropped 0.2% and 0.1%, respectively. Tesla stock hadn't traded below $160 since May 2023. \n\n\n The declines leave Tesla stock down about 37% year to date. Shares are now trading for about 44 times the per-share earnings the EV maker is expected to produce in 2025. They started the year trading for about 65 times, according to FactSet. \n\n\n The drop Monday took Tesla below a so-called technical support level at about $164 a share. Breaking through a support level -- a price that investors have been willing to buy in the past -- leaves investors looking for the next level where declines might stop. Fairlead Strategies co-founder Katie Stockton said $148 represents another level of support. \n\n\n Stockton and other technical analysts don't make fundamental calls on stocks. They look at price charts to suss out where shares can go over the short and medium term. Technical analysts such as Stockton use moving averages, percentages of prior gains, and other data to figure out what's coming next for a particular stock. \n\n\n Shares might drift toward the $148 level without something significant to change investor sentiment. Earnings are a factor that could change the picture, for better or for worse. \n\n\n Tesla is due to report first-quarter results on April 23 after the market closes. It likely would take reassurance from CEO Elon Musk that growth will return to send the stock higher. \n\n\n Tesla delivered about 387,000 vehicles in the first quarter of 2024, down almost 9% year over year, missing the lowest Wall Street estimates by roughly 20,000 units. The miss led Wall Street analysts to cut 2024 delivery estimates to about 1.8 million units, flat with 2023. \n\n\n \"I'd love [Musk] to give a candle of hope...a ray of light for [profit margins],\" says Canaccord analyst George Gianarikas. \n\n\n Lower deliveries and falling EV prices have pressured profit margins. Wall Street expects operating profit margins in the first quarter to come in at about 6%, according to FactSet, down from 11% in the first quarter of 2023 and from 19% in the first quarter of 2022. \n\n\n \"People need hope,\" added Gianarikas. He rates Tesla stock at Buy with a $234 price target. \n\n\n Write to Al Root at allen.root@dowjones.com \n\n\n This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n<pre>\n \n</pre>\n\n (END) Dow Jones Newswires\n\n\n April 16, 2024 16:16 ET (20:16 GMT)\n\n\n Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4581":"高盛持仓","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4548":"巴美列捷福持仓","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","BK4574":"无人驾驶","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4592":"伊斯兰概念","TSLA":"特斯拉","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4534":"瑞士信贷持仓","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4555":"新能源车","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU2063271972.USD":"富兰克林创新领域基金","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4527":"明星科技股","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","BK4588":"碎股","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","BK4551":"寇图资本持仓","LU1861558580.USD":"日兴方舟颠覆性创新基金B"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2427178758","content_text":"Al Root \n\n\n Tesla stock fell Tuesday after shares closed below an important level of support on Monday. The recent action leaves investors wondering where shares are headed as the company's first-quarter earnings report approaches. \n\n\n Tesla dropped 5.6% Monday, losing almost $10 and closing at $161.48 following news that Tesla would lay off more than 10% of its 140,000-strong workforce. The S&P 500 and Nasdaq Composite fell 1.2% and 1.8%, respectively. \n\n\n Shares fell 2.7%, closing at $157.11 on Tuesday, while the S&P 500 and Nasdaq dropped 0.2% and 0.1%, respectively. Tesla stock hadn't traded below $160 since May 2023. \n\n\n The declines leave Tesla stock down about 37% year to date. Shares are now trading for about 44 times the per-share earnings the EV maker is expected to produce in 2025. They started the year trading for about 65 times, according to FactSet. \n\n\n The drop Monday took Tesla below a so-called technical support level at about $164 a share. Breaking through a support level -- a price that investors have been willing to buy in the past -- leaves investors looking for the next level where declines might stop. Fairlead Strategies co-founder Katie Stockton said $148 represents another level of support. \n\n\n Stockton and other technical analysts don't make fundamental calls on stocks. They look at price charts to suss out where shares can go over the short and medium term. Technical analysts such as Stockton use moving averages, percentages of prior gains, and other data to figure out what's coming next for a particular stock. \n\n\n Shares might drift toward the $148 level without something significant to change investor sentiment. Earnings are a factor that could change the picture, for better or for worse. \n\n\n Tesla is due to report first-quarter results on April 23 after the market closes. It likely would take reassurance from CEO Elon Musk that growth will return to send the stock higher. \n\n\n Tesla delivered about 387,000 vehicles in the first quarter of 2024, down almost 9% year over year, missing the lowest Wall Street estimates by roughly 20,000 units. The miss led Wall Street analysts to cut 2024 delivery estimates to about 1.8 million units, flat with 2023. \n\n\n \"I'd love [Musk] to give a candle of hope...a ray of light for [profit margins],\" says Canaccord analyst George Gianarikas. \n\n\n Lower deliveries and falling EV prices have pressured profit margins. Wall Street expects operating profit margins in the first quarter to come in at about 6%, according to FactSet, down from 11% in the first quarter of 2023 and from 19% in the first quarter of 2022. \n\n\n \"People need hope,\" added Gianarikas. He rates Tesla stock at Buy with a $234 price target. \n\n\n Write to Al Root at allen.root@dowjones.com \n\n\n This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n (END) Dow Jones Newswires\n\n\n April 16, 2024 16:16 ET (20:16 GMT)\n\n\n Copyright (c) 2024 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":388,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["TSLA"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":true,"length":490,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}