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Tesla Inc.: What’s Next for Tesla’s Stock? 🚗🔍

As we explore Tesla Inc.'s stock performance over the past quarter, several key factors are influencing its trajectory.


Current Trend: 📉 

Tesla Inc., a prominent player in the electric vehicle market, is currently trading at $199.00. The company recently chose to prioritize orders for a higher-end version of the Cybertruck, priced at $100,000, over a more budget-friendly model priced at $61,000. This decision follows the observation that the budget model did not meet production cost coverage. Additionally, while CEO Elon Musk claimed over 1 million pre-orders, Cox Automotive reports only 16,000 units sold, with just 4,800 in July. Initial expectations included a $40,000 price and a 500-mile range, but the actual figures are $100,000 and just over 300 miles, respectively. 📉


Market Insights: 📈 

RBC Capital has adjusted its forecast for Tesla’s shares, lowering the target price from $227.00 to $224.00, while maintaining an "Outperform" rating. The analysts expect a seasonal downturn in the electric vehicle market, with potential recovery anticipated by year-end. 📈


Support and Resistance Levels: 📊

  • Support Levels: $183.00, $158.00

  • Resistance Levels: $207.00, $232.00


Technical Analysis: 🧮

  • D1 Chart Analysis:📉The stock is approaching the support line of a descending channel between $200.00 and $183.00. Current technical indicators suggest a consistent sell signal, with the fast EMAs on the Alligator indicator showing distance from the signal line and the AO histogram forming correction bars within the sales zone.

Market Trends and Key Levels: 📈

  • Descending Channel: The stock is testing the lower boundary of the descending channel. A sustained movement below the $183.00 support level could indicate further downward pressure.📉

  • Resistance Levels: If the price moves above the $207.00 resistance level, it might suggest a potential upward trend.📈


Observations and Considerations: 🔍

  • Bearish Perspective: Should the price continue to move below the $183.00 support level, it may reflect ongoing downward momentum. Monitoring this level can provide insights into potential market movements.📉

  • Bullish Perspective: Should the stock price move above the $186.00 resistance level, it could indicate potential for upward movement. Tracking this level can help gauge possible positive shifts in the market.📈


Conclusion:🔔

Stay informed about Tesla’s stock performance by observing these key levels and market trends. This approach will help you understand the factors influencing Tesla’s share price and the overall market dynamics. 🔍


🔔 Remember to review all relevant factors and perform your own research before making any trading decisions.



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