TSLA
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$Tesla (TSLA.US)$ As Tesla continues to expand its productio...
$Tesla (TSLA.US)$ As Tesla continues to expand its production capabilities, every quarter now is expected to set a new delivery record. Avid Tesla follower Troy Teslike recently called for 270,000 deliveries in Q4 2021, which would be 9,000 more than street estimates. His number could be revised even higher in the coming weeks if we continue to see strong production numbers coming out of China. We don't currently know the true potential of that factory as management has been very tight-lipped about its capacity numbers, only saying that it is "greater than 450,000 vehicles annually" at its two most recent earnings reports. October's delivery and export numbers extrapolate to a more than 652,000 vehicle per year rate, which could push Tesla over 900,000 deliveries for this year if recent trends hold in the final two months of the year.
Tesla shares recently took off after rental car company $Hertz Global (HTZ.US)$ announced it was buying at least 100,000 Tesla Model 3 vehicles. However, Elon Musk later said that no deal was in place, despite reports of Hertz having already accepted some initial deliveries of Model 3's. The sharp rally put the stock more than $400 above its average street price target at one point, a gap that has narrowed by more than half since. At one point on Monday, Tesla shares were less than $100 from their 50-day moving average seen in the chart below, with the 200-day being a bit further below its shorter term counterpart. By most technical metrics, Tesla shares were extremely overheated as they raced past $1,200, so the recent pullback has improved that picture quite a bit.
There's a dark cloud hanging over Tesla shares currently, and investors are hoping that its end comes rather soon. Elon Musk is in the midst of selling shares to pay an upcoming large tax bill, which caused the stock's losses to total more than $265 billion at times on Monday. Tesla bulls would really like this process to end quickly, so they can change the current narrative back to the company's production growth story. If we continue to see the CEO's stock sales come in small portions over a series of trading days, recent price action suggests shares could continue to head towards the 50-day moving average, at which point a major technical test would come.
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Hearts Gainer : "There's a dark cloud hanging over Tesla shares currently, and investors are hoping that its end comes rather soon."
At the end of the year, when Elon thru selling, it will end too.
In the meantime, it is a buying opportunity for the little guy.
"recent price action suggests shares could continue to head towards the 50-day moving average, at which point a major technical test would come."
So far, Elon sells, price drops. then next day price increases. Rinse repeat.
50 day moving average may or may not be breached. If it does get breached, then the big boys will come in and buy.
GROW sky : "There's a dark cloud hanging over Tesla shares currently, and investors are hoping that its end comes rather soon"
Says who? You? If I got a nickel for every time I heard this I wouldn't have needed to buy the stock or any other of my winner stocks.
We are long and strong! Hence the stock price after the sell-off.
LarryCheungCFA : I'm neither a Musk or Tesla fan. But you have to sell at sometime or other to raise money for this giant tax bill.
Remember, Musk is one of left's zillionairs that doesn't pay their "fair share". LOL
KPI Champion : What dark cloud are you referring to?
Tesla shares continue to rise.
Up yesterday and up 3.11% at the moment today.
KNJW KPI Champion : And still down overall since he started the Twitter poll, $160 from the high.
FuuL KNJW : And up again today, reclaiming lost ground. I’ll bet we’ll be over 1250 by the end of next week and closer to 1350 by 10th December
nepia02 FuuL : I know feeling doesn't count, I do feel this stock is going to double sometime next year.
DanDiem KNJW : As a TSLA shareholder let me assure you, I couldn't care less.
Let me ask you BM, what was TSLA's share price a quarter ago today?
I'll tell you. It closed at 665.71. Up roughly $425. Some perspective, huh?
-grover DanDiem : And that all without a better business :-)
Ruby002 KPI Champion : "Tesla shares continue to rise."
The US stock market have endless money...
If wallstreet and other think they can sell the 50$ product Tesla shares for 2000 you will see 2000 .
In a few years you will see than all the lawsuits and noone will be arrested :-)