Well, I am confident with the company so I consistently average down my holdings in Tesla. Also I monitored closely and waiting for the golden trend reversal signal that occured recently. Firstly, the share price of Tesla successfully stood back above its EMA 200 trendline resistance. That's very encouraging and a first indication of potential trend reversal in Tesla chart.
My next target price for Tesla will be 300 USD. However, the share price might have some correction towards 200 USD but nothing to worry as long as the uptrend still valid!
@MillionaireTiger @TigerStars @Tiger_comments @TigerGPT @CaptainTiger
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Tesla Motors (TSLA) Stock Analysis
Business and Industry: Tesla Motors is a leading electric vehicle (EV) manufacturer and clean energy company. The company designs, manufactures, and sells electric vehicles, energy storage products, and solar energy systems. Tesla is known for its innovative technology, high-performance vehicles, and commitment to sustainability. The EV industry is expected to grow rapidly in the coming years as governments and consumers shift towards cleaner transportation options.
Earnings and Forecast: Tesla's latest earnings report for Q1 2024 showed an EPS of $0.37, a gross profit margin of 17.35%, and a net profit margin of 5.30%. The company's forecasted earnings for the fiscal year 2024 are an EPS of $2.55, a forecasted gross income of $98.08 billion, and a forecasted EBIT of $8.46 billion. Looking ahead, analysts forecast an EPS of $3.39 for 2025 and $4.38 for 2026, indicating expected growth in the company's earnings.
Trend Analysis: Tesla's stock price is currently at $227.96 (as of July 3, 2024). The recent trend shows that the stock successfully stood back above its EMA 200 trendline resistance, indicating a potential trend reversal. The support price on July 1, 2024, was $184.6, and the resistance price was $209.9. The average cost of the stock on July 1, 2024, was $176.93. It's important to note that the stock price may experience some correction towards $200, but as long as the uptrend remains valid, there is no need to worry.
Valuation Analysis: According to analysts, the mean target price for Tesla is $181.76, with a low estimate of $22.86 and a high estimate of $320.0. It's important to consider that there are varying opinions among analysts, with 8 recommending, 12 buying, 19 holding, 6 underperforming, and 4 selling the stock.
Capital Flow Analysis: The recent capital flow data for Tesla shows fluctuations in the inflow and outflow of capital. On a 5-day basis, there was a significant inflow on June 26, 2024, and a significant outflow on June 27, 2024. On a 1-day basis, there were both inflows and outflows, with big and median transactions.
Please note that the above analysis is for informational purposes only and should not be considered as investment advice. It's important to conduct thorough research and analysis before making any investment decisions.
Cool
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