Tesla: My Best Trade of Q4 2024 – A Journey from $235 to $417

In the video, I highlighted Tesla's key support level at $235, emphasizing its significance during pullbacks as the stock remained in a broader uptrend. The analysis underlined how Tesla had shown resilience at this level, making it a pivotal area for potential rebounds.

As of December 30, 2024, Tesla’s stock has rallied significantly and is now trading at $417.41. The stock's ascent from the $235 support level is a testament to its strong momentum and the technical analysis shared earlier. For those who tracked and acted on this analysis, it has been a rewarding journey.

For investors who traded Tesla using Daily Leverage Certificates (DLCs), the results have been amplified due to the leverage effect:

– Tesla stock performance: +73.32% from October 7 to December 30, 2024.

The chart clearly shows how the leveraged product has significantly outperformed the underlying asset, demonstrating the power of DLCs when applied in trending markets. Investors who utilized DLCs based on the earlier analysis would have experienced substantial gains, provided they managed the inherent risks of leveraged instruments.

Tesla will report fourth-quarter and full-year deliveries and production figures, likely before the open on Thursday, Jan. 2

– Record Deliveries Expected: Tesla is projected to report record Q4 2024 vehicle deliveries, estimated at around 515,000 units, bringing the annual total to approximately 1.79 million vehicles.

– Strong Performance in China: Tesla's vehicle registrations in China have shown year-over-year and quarter-to-quarter growth, supporting its delivery targets.

– Stock Impact May Be Limited: Analysts suggest that near-term delivery figures might have minimal effect on Tesla's stock, as focus shifts to advancements in autonomous vehicle technology and AI developments.

Tesla's current support level appears to be around $385, a potential area of interest for short-term traders. Investors using DLCs can consider this level as a key reference point:

It’s important to emphasize the need for close monitoring of price action around this level, as DLCs amplify both gains and losses. Managing risk is essential, especially with leveraged instruments.

I hope you like my Tesla video highlighting $235 and the movement of the stock to its current levels!