Tesla's $5000 Odyssey: Navigating Fibonacci & Gann's Cosmic Path
Forget Cathie Wood's price target of $2600 by 2029. How about a $5000 $TSLA?? With Tesla's history of defying expectations, innovation at warp speed, and Musk's wizardry, $5000 is not just a dream. The chart analysis reveals that the stars align, indicating a bullish trajectory that could take us to the moon.
Indicators Galore:
- Fibonacci Retracement: These magical curves highlight where Tesla’s price might find support or resistance, echoing the golden ratios.
- Gann Fan Lines: Like a star map for stocks, these angled lines predict the speed and direction of Tesla’s cosmic journey.
Recent Buzz:
- Wedbush Securities: Eyeing a return to a $1 trillion market cap, driven by innovations and market expansion.
- Analyst Consensus: Mixed but promising, with long-term optimism fuelled by new projects and expansion initiatives.
Fundamental Strength:
- Innovative Products: Tesla's next-gen vehicles and advanced tech set it apart.
- Market Expansion: Global footprint with Gigafactories in key markets.
- Financial Metrics: Despite short-term hiccups, revenue growth and EPS projections are solid.
Engage and Explore:
Could Tesla be the next $5000 stock? What are your thoughts 🐅’s?
Reference:
Watch here or on YouTube: youtu.be/pz3sQEnUsw0
In the world of stocks, Tesla stands tall, to the 🌙 & beyond, we'll heed the call. Forget Cathie’s 🎯, we're shooting higher, with Musk at the helm, Tesla's on 🔥!
Happy Tesla trading ahead! Cheers, BC
@TigerWire @Tiger_chat @MillionaireTiger @CaptainTiger @Tiger_Earnings @Tiger_comments @Daily_Discussion @TigerStars @TigerOptions @TigerGPT @TESLA @Tesla Go
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Tesla Motors (TSLA) Stock Analysis
Business and Industry Overview:
Tesla Motors is a leading electric vehicle (EV) manufacturer known for its innovative products and advanced technology.
The EV industry is expected to grow rapidly in the coming years due to increasing environmental concerns and government support for clean energy.
Tesla's global footprint and Gigafactories in key markets position the company for market expansion and growth.
Earnings Analysis:
Tesla's recent earnings report for Q1 2024 showed an EPS of $0.37, a return on equity (ROE) of 7.38%, and a net profit margin of 5.30%.
The company's earnings forecast for the future is promising, with projected EPS of $2.54 for FY 2024, $3.37 for FY 2025, and $4.28 for FY 2026.
Revenue growth and EPS projections indicate a solid financial performance for Tesla in the coming years.
Trend Analysis:
The current support price for Tesla is $170.4, and the resistance price is $184.6.
The average cost of Tesla stock is $174.45.
As of June 24, 2024, the stock price of Tesla is $183.01.
Valuation Analysis:
Analysts have provided target price estimates for Tesla stock. The mean target price is $179.61, with a low estimate of $22.86 and a high estimate of $320.0.
The analyst recommendation for Tesla stock is as follows: 7 recommend, 13 buy, 20 hold, 6 underperform, and 4 sell.
Recent Buzz:
Wedbush Securities predicts a return to a $1 trillion market cap for Tesla, driven by innovations and market expansion.
Analyst consensus is mixed but promising, with long-term optimism fueled by new projects and expansion initiatives.
Capital Flow Analysis:
Over the past 5 days, Tesla has experienced mixed capital flow, with both inflows and outflows.
On a daily basis, there have been significant inflows and outflows of varying magnitudes.
Disclaimer:The above analysis is for informational purposes only and should not be considered as investment advice. Investing in the stock market carries inherent risks, and stock prices can fluctuate. It is important to conduct thorough research and analysis before making any investment decisions.
Note: The provided information is based on the latest available data and may be subject to change.