Tesla

  • TSLA

  • $232

  • +6.52%

  • $217

  • $219

  • $212

Upticks
Granny Shots

Ticker Appearances

Wed, October 23, 2024 | 1:33PM ET

⚡ FlashInsights

Wed, October 23, 2024 | 1:33PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥
TSLA 6.52%  is in focus today given earnings after today's close. The stock has pulled back to a near exact area of trendline support which might allow for a rebound after earnings, as $213.70 lines up with the uptrend from April lows. However, given the bearish nature of the cycle in TSLA, i'm not sure we can depend on an immediate move back to highs until 2025, and prices look more range-bound, than bullish or bearish. Some might view the move Under the lows of the most recent eight day consolidation to be negative, but this also represents the final pullback of a 5-wave decline from late September. Thus, prices are closer to a low, than a high in the short run, but to have real confidence, it's going to be necessary for TSLA to climb back over $264.86, the peak from late September. Until that happens, than the best that can be said technically is the stock is nearing a good area of support and a bounce could likely begin starting soon which might rise to fill the gap from mid-October near $235-$240.
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First Word
Mon, October 21, 2024 | 7:45AM ET
Tomlee
Tom Lee, CFA AC

Head of Research

Light macro week, but heavy 3Q24 EPS season. 112 cos report (>20% index) with 25 being Industrials. Stay on target.

VIDEO: We are entering the "heart" of earning season with 112 cos reporting this week, or >20% of S&P 500.  So far, this has been...

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Visitor: 3a95af-d9d131-7e4337-da76db-a2804b

Fri, October 11, 2024 | 9:47AM ET

⚡ FlashInsights

Fri, October 11, 2024 | 9:47AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
TSLA 6.52%  down about 7% as its Robotaxi event, despite being quite impressive as a flashy event in showing the Cybercab, RoboVan, Humanoid robots, seemed to be light on specifics,, outside of detailing that the Cybercab would cost less than $30k. Technically, TSLA has been making good progress over the last six months as well as since early August, but today's early drop has caused TSLA to retrace a bit more than 50% of the rise from August. I view the stock as still quite attractive on an intermediate-term basis, but will need to stabilize. I feel that downside would be limited to 208. UBER and LYFT are both rising today as TSLA falls. Thus, no change in thinking here, but a better risk reward.. Reclaiming 232 is necessary to start to jumpstart this stock again back higher
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Thu, October 3, 2024 | 12:46PM ET

⚡ FlashInsights

Thu, October 3, 2024 | 12:46PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
TSLA 6.52%  has been hard hit over the last two days, but this volatility is not all that unusual in the context of its current trend since early August. At a current price of ~$243.50, i am not anticipating a decline under 235 ahead of its big event day on 10/10. This selloff from Monday's highs makes this quite attractive from a risk/reward basis. However, given that markets are churning within minor consolidations, we cant yet weigh in that it's bottoming today. Over 251.16 on a close should be important, and any further decline likely finds strong support between 235-239 into early next week before turning back higher.
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