Keep an Eye on Tesla
Please pay attention to $Tesla (TSLA.US)$. When both the EMA and MACD indicators are moving positively, it often signifies an upward trend. I have mentioned this in my previous posts. Currently, Tesla's stock price is right on the support line. Please continue to monitor its direction over the next few trading days, waiting for it to confirm an upward trend.
The upward trend in $Carvana (CVNA.US)$ looks very promising in this chart, but currently, a wedge pattern has formed in the candlestick structure, indicating a need for a directional choice. If it breaks downward, it could signal the beginning of a downward trend.
Additionally, I just realized that CVNA serves as a great example for my DKW indicator. After the lowest point in the chart, a classic bullish signal of the DKW indicator appeared the next trading day, and subsequently, the highest price became five times the lowest point.
Yesterday, $Qualcomm (QCOM.US)$ surged by 2% on high volume, but there are two pieces of bad news. First, it was blocked by a resistance line, and second, the RSI shows a bearish divergence. Considering these two points, I believe there is little chance of a significant upward movement in the short term. A more likely scenario is a certain degree of pullback.
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TA fan | People overreact all the time and the chart helps us make use of that
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Silverbat : If these indicators are not combined with high inflows of inst funds, could become a trap.
Silverbat : Q2 negative cash flow attracts cautions. From ChatGPT-
“Tesla's negative cash flow in Q2 2024 is primarily due to several key factors:
1. **Increased Capital Expenditures**: Tesla continues to invest heavily in expanding its production capacity and infrastructure. This includes building new factories (such as the Gigafactory in Texas and the expansion of the Gigafactory in Shanghai), which requires substantial capital outlay.
2. **Research and Development (R&D) Expenses**: Tesla's commitment to innovation necessitates significant spending on R&D to develop new technologies, improve existing products, and maintain its competitive edge in the market. This includes investments in battery technology, autonomous driving systems, and new vehicle models.
3. **Supply Chain Challenges**: Global supply chain disruptions have increased costs for materials and logistics. This affects production efficiency and can lead to higher operational expenses.
4. **Inventory Build-Up**: Tesla may be producing more vehicles than it is currently selling, leading to an increase in inventory. Holding higher inventory levels ties up cash that would otherwise be available for other uses.
5. **Expansion of Charging Infrastructure**: Tesla is also investing in the expansion of its Supercharger network and other charging infrastructure, which requires significant capital investment.
6. **Debt Repayment and Interest Expenses**: Servicing existing debt obligations and interest payments can also contribute to negative cash flow, especially if Tesla has taken on new financing to support its growth initiatives.
These factors combined result in higher cash outflows, outweighing the cash inflows from operations, leading to negative cash flow for the quarter.”
ZnWC : Morgan Stanley gives Tesla Buy Rating. Here are the 2 reasons:
1) Jonas expects Musk will stay in his CEO role and will be present on the Q2 earnings call, with the robotaxi event in Austin on August 8th offering further prospects.
2) The analyst also lays out several key items the company must address both in the here and now, and looking ahead. The near-term priority is to reset the cost and capacity bar in the auto business, given shareholder votes alone won’t drive consumer adoption of EVs. In the medium term, Tesla needs to introduce new products in both its auto biz and beyond, leveraging its strengths in AI, robotics, computing, and renewable energy. Long-term, Tesla must unify strategies across Elon Musk’s ventures, including xAI, X, and Tesla, and start planning for “eventual succession.”
Read here:
Morgan Stanley gives Tesla stock Buy Rating & TP $310 weighs on TMP4