$Tesla Motors(TSLA)$ Kia ora Tiger traders,
π TSLA's Pre-Earnings Tango: Is It a Bullish Pop or Bearish Drop? π
π₯ Tesla's 30-Minute Chart Alert: π₯
The chart is heating up with an Inverse Head and Shoulders (IHS) pattern as we head into earnings! Get ready for a potential pop and drop or a play opportunity tomorrow.
π― Key Levels to Watch:
- Gold Top: $253.50 π°
- Resistance Above: $256, $258.58, and $260 π
- Support Below: Could retest $248.33 if it rejects the trendline π
β‘ 4-Hour Chart Buzz:
Itβs looking like a Cup and Handle (C&H). Could the handle dip lower? Yes, so stay sharp! β‘
Fun Fact:
Teslaβs name pays homage to the electrifying inventor Nikola Tesla, who pioneered the AC electrical system! β‘π
Historical Nugget:
The Tesla Roadster, based on the Lotus Elise chassis, kicked off the electric car revolution! πβ‘
Analyst Insight:
Gene Munster from Loup Ventures says, "Tesla's upcoming earnings will set the tone for the EV market's future trajectory." πβ¨
Quote of the Day:
"Do not wait to strike till the iron is hot, but make it hot by striking." β William Butler Yeats π₯
Happy Tesla trading ahead! Cheers, BC π
@TigerGPT @TigerOptions @Tiger_comments @Tiger_chat @TigerStars @MillionaireTiger @TigerPM @Daily_Discussion @Tiger_Earnings
Modify on 2024-07-23 18:30
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Tesla Motors (TSLA) Stock Analysis
1. Business and Industry Overview: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 at the forefront of the EV revolution and is driving the transition to sustainable transportation.
The EV market is expected to experience significant growth in the coming years as governments worldwide implement stricter emission regulations and consumers increasingly adopt electric vehicles. Tesla's innovative technology, strong brand recognition, and expanding product lineup position it well to capitalize on this growth.
2. Earnings Analysis:
Latest Earnings: In the first quarter of 2024, Tesla reported an EPS of $0.37, with a gross profit margin of 17.35% and a net profit margin of 5.30%. The company's return on investment was 3.95%, indicating efficient use of capital.
Earnings Forecast: Analysts forecast that Tesla's EPS will be $2.59 for the full year 2024, $3.37 for 2025, and $4.24 for 2026. The company is expected to see growth in gross income and EBIT over the forecasted period.
3. Trend Analysis:
Support and Resistance Levels: The support level for Tesla's stock on July 22, 2024, was $247.8, while the resistance level was $251.8. The stock price on July 23, 2024, was $251.51.
Capital Flow: Over the past five days, Tesla has experienced negative capital flow, indicating more selling pressure. However, on a daily basis, there has been a net inflow of funds into the stock.
4. Analyst Viewpoints:
Target Price: Analysts have provided a range of target price estimates for Tesla. The mean target price is $200.92, with a low estimate of $22.86 and a high estimate of $310.0.
Analyst Recommendation: Out of the 42 analysts covering Tesla, 8 recommend, 14 buy, 17 hold, 7 underperform, and 4 sell the stock.
5. News Impact:
Analyst Insight: Gene Munster from Loup Ventures believes that Tesla's upcoming earnings will have a significant impact on the future trajectory of the EV market.
Historical Nugget: Tesla's name pays homage to Nikola Tesla, the renowned inventor who pioneered the AC electrical system.
Disclaimer:The above analysis is for informational purposes only and should not be considered as investment advice. Investing in the stock market involves risks, and stock prices can fluctuate. It is essential to conduct thorough research and exercise independent judgment before making any investment decisions.