Tesla Earnings Report: Triple Support!!! โ Will It Break Out? ๐
$Tesla (TSLA.US)$ is currently sitting in a crucial triple support zone. Before the earnings, I envisioned that if the stock broke through this level, the target price would be 160. However,if it remained stable or rose,it could hit 270! The good news is... the stock has rallied nearly 12% in pre-market trading, significantly boosting the chances of reaching the $270 mark. Let's see how it performs after today's closing! ๐ฏ
Tesla's Q3 net income increased by 17.3% as electric vehicle sales rose for the first time this year. The company reported a profit of 2.17 billion,up from1.85 billion in the same period of 2023. Despite offering price cuts and low-interest financing, this marked Tesla's first profit increase in 2024. Revenue grew 7.8% to 25.18 billion, but a slightly missed Wall Streetโฒs estimate of 25.47 billion.Tesla earned 72 cents per share, beating analysts' expectations of 59 cents. With strong earnings growth and improving sales, Tesla's stock price has the potential to climb even higher, potentially reaching its previous high. ๐
Recently, besides investing in TSLA, I've also looked into Tesla-related ETFs.
For instance,
$Direxion Daily TSLA Bull 2X Shares (TSLL.US)$ allows investors to amplify potential gains from Tesla's stock price increases through leverage.
$T-REX 2X LONG TESLA DAILY TARGET ETF (TSLT.US)$ is another ETF that offers double the upside potential of Tesla's stock price, suitable for investors seeking high risk-high reward opportunities.
$Direxion Daily TSLA Bear 1X Shares (TSLS.US)$ allows investors to hedge their risks or capitalize on market declines by shorting Tesla stock.
And $TESLA (TSLA) YIELD SHARES PURPOSE ETF (YTSL.CA)$ ..Have you looked into them?![]()
For instance,
$Direxion Daily TSLA Bull 2X Shares (TSLL.US)$ allows investors to amplify potential gains from Tesla's stock price increases through leverage.
$T-REX 2X LONG TESLA DAILY TARGET ETF (TSLT.US)$ is another ETF that offers double the upside potential of Tesla's stock price, suitable for investors seeking high risk-high reward opportunities.
$Direxion Daily TSLA Bear 1X Shares (TSLS.US)$ allows investors to hedge their risks or capitalize on market declines by shorting Tesla stock.
And $TESLA (TSLA) YIELD SHARES PURPOSE ETF (YTSL.CA)$ ..Have you looked into them?
Drop your thoughts in the comments! Do you think Tesla's earnings report will give the stock price the boost it needs to hit new highs, or will it hit some bumps in the road?๐ฌ
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TA fan | People overreact all the time and the chart helps us make use of that
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MACKGforEver : Sometimes $Tesla (TSLA.US)$ can pull out a surprise.
Coach Donnie : $Tesla (TSLA.US)$ should be interesting either way