Cathie Wood's Ark Invest Accumulates more Tesla Stock Cathie Wood's Ark Invest has once again made headlines with strategic moves in the financial markets. This week, the asset management firm not only increased its position in Bitcoin ETFs but also continued its buying spree for Tesla ( NASDAQ:TSLA ) shares, defying recent market fluctuations. Let's delve into the details of these notable transactions and explore the potential implications for investors.
Ark Invest's Bitcoin ETF Accumulation:
One of the standout moves by Ark Invest is its substantial investment in the Ark 21Shares Bitcoin ETF (ARKB). Recent reports reveal that Ark Invest added 127,435 ARKB units to its portfolio, bringing the total purchase this week to an impressive $51 million. This follows last week's acquisition of 1.04 million ARKB units worth $43 million, resulting in a cumulative investment of nearly $95 million. With ARKB boasting a market value of $529.18 million in Bitcoin as of January 26, Ark Invest's conviction in the cryptocurrency market remains steadfast.
The decision to increase ARKB holdings comes as Ark Invest systematically reduces its exposure to the ProShares Bitcoin Strategy ETF (BITO). The move indicates a strategic shift in Ark Invest's approach, possibly driven by changing dynamics in the evolving landscape of cryptocurrency investments.
Market Response to Bitcoin ETFs:
Notably, the prices of both BITO and ARKB ETFs experienced a boost following the release of PCE data showing a 2.9% inflation rate. ProShares Bitcoin Strategy ETF (BITO) closed 5.62% higher at $20.30, while Ark 21Shares Bitcoin ETF (ARKB) closed 5.39% higher at $42.02. This market response underscores the potential influence of macroeconomic factors on cryptocurrency-related assets.
Tesla ( NASDAQ:TSLA ) Stock on Ark Invest's Radar:
In addition to the bullish stance on cryptocurrencies, Ark Invest continues to show strong confidence in Elon Musk's Tesla ( NASDAQ:TSLA ). Following a $32 million investment in Tesla ( NASDAQ:TSLA ) stocks on Thursday, Ark funds doubled down with an additional $33 million worth of shares. Despite a 13.67% drop in Tesla's ( NASDAQ:TSLA ) stock price this week, Ark Invest's commitment to the electric vehicle giant suggests a long-term vision that transcends short-term market fluctuations.
Conclusion:
Cathie Wood's Ark Invest remains a trailblazer in the investment landscape, strategically navigating the complexities of both the cryptocurrency and traditional stock markets. The firm's emphasis on Bitcoin ETFs and unwavering confidence in Tesla ( NASDAQ:TSLA ) reflects a forward-looking investment strategy. As markets continue to evolve, investors will be keenly watching Ark Invest's moves for insights into emerging trends and potential opportunities in the ever-changing financial landscape.
Tesla Motors (TSLA)
TSLA: blood on the streets!It's been the worst week ever for TSLA. Elon drama cannot leave this stock alone. But the shenanigans aside, this is looking like a great opportunity to get in. We should expect another dip down next week to complete the C wave sequence; or it might be over already. If we see another dip, then it needs to hold $174-$165 area. I have already taken position and hoping to buy some more on the next dip with stop loss below $165. The reason for my purchase is the extreme oversold conditions in RSI. 4 hour timeframe is showing some bullish divergences building. Another dip lower in price with strengthening RSI will confirm it and we should expect a healthy bounce towards $200 for a nice chunk of profit. A break below $165 may bring another opportunity to get in at $153 area, but chances will increase of falling lower. Long term, I am still bullish on the stock and my long term targets are still up in the sky. But in the short term, for the next 1 to 3 months, if we see $152.49 breach, then things may get ugly and my macro targets will come down quite a bit.
Support zone: 208.41-222.64Hello traders!
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(TSLA chart)
(1M charts)
The key is whether it can receive support and rise in the 208.41-222.64 range.
(1W chart)
If it falls below 208.41, it is expected to fall to around 164.31-180.63.
If it rises above 222.64 and receives support, it is expected to rise to around 274.28.
(1D chart)
The key is whether the HA-Low (210.91) indicator can receive support and rise in the box range (205.69-220.80).
If it falls below the HA-Low indicator, it is expected to continue a short-term cascading decline.
To break out of this short-term downtrend, it must rise above 235.45.
Have a good time.
thank you
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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Fisker $FSR : Buying zone for a speculator?Technical Analysis: Buying Zone for a Speculator! No reversal volume yet, and no previous higher levels have been regained...
All my technical analysis is still telling me to wait... however, my slightly 'irrational' emotions are urging me to take a position here and now, haha.
Planning to invest 30% of the desired capital in $FSR... another 40% once we enter the 0.93 zone...
If the price explodes upward, at least I'll already be in position. If the price falls further, I can DCA (Dollar-Cost Average) on the initial 30% already invested here.
I don't like the look of the current chart at all; however, the EV speculative bubble will return, much like the current semiconductor bubble. By 2030, most cars will be clean energy vehicles. By 2035, the first EVs using only recycled cobalt will roll out of Northvolt's factories in Sweden. In short, all of this to say, EVs are the future.
Buying today in NASDAQ:TSLA NYSE:FSR NASDAQ:LCID NASDAQ:RIVN NASDAQ:PSNY is like buying NASDAQ:AAPL NASDAQ:MSFT in 1999. I'm not joking. Don't listen to the skeptics and have confidence.
Action: Short-term long position in $TSLAPosition Size: 50%
Entry Price: Current market price - 184 (as of Friday, January 26, 2024)
Stop Loss: Closing basis stop at 177
Target Price: 215-220
Notes:
This trade is suitable for short-term traders with a high tolerance for risk.
The closing basis stop loss is designed to exit the trade if the price falls below 177 on a closing basis, which could indicate a reversal in the stock's momentum.
The target price range of 215-220 represents a potential gain of 21.43% to 24.46% from the entry price.
It is important to do your own research before making any trading decisions.
$TSLA COMPLETE ELLIOT WAVE ANALYSIS According to the Elliott Wave theory, NASDAQ:TSLA has been following a corrective wave pattern (ABC) since its inception, reaching its peak during the 2021 bull run. Currently, NASDAQ:TSLA has completed both wave 1 and wave 2, entering the critical and highly impulsive wave 3 towards the downside of the Elliott Wave sequence. The fundamental outlook for NASDAQ:TSLA appears weakened due to intense competition in the market. In the long term, NASDAQ:TSLA is displaying a heavy bearish trend.
While specific targets for the remaining waves are uncertain at this time, one thing is clear – NASDAQ:TSLA is not expected to surpass wave 2, which is positioned at $299.
$TSLA update (after Earnings report)Yesterday we saw a gap down on report, so I'd like to update NASDAQ:TSLA idea.
The stock was pretty weak yesterday and as a result the price didn't hold the 200 zone as I mentioned here: .
But overall, we still have the Weekly Inv. H&S. The left shoulder level is 180. Another support level here is the lower boundary of the descending channel. Yesterday, stock touched exactly this level.
I believe the stock is in a very good place to buy. Through which trigger do it - it's a personal choice.
Here is How to Go Long TSLA Given Cybertruck Event Tonightthe long-awaited Tesla Cybertruck event is happening tonight, and investors are eager to see how the unveiling will impact TSLA stock. If you're thinking about going long on TSLA, here are a few things to keep in mind:
Consider the Potential Impact of the Event
The Cybertruck event is a major catalyst for TSLA, and it has the potential to send the stock price soaring. However, it's important to remember that the event could also go the other way, and TSLA could experience a sell-off if the event is underwhelming.
Weigh the Risks and Rewards
Going long on TSLA is a risky proposition, but it also has the potential to be very rewarding. If you're comfortable with the risks, then going long could be a great way to capitalize on the potential upside of the Cybertruck event.
Choose Your Strategy
There are a few different ways to go long on TSLA. You could buy shares of the stock outright, or you could use a more nuanced strategy, such as buying call options.
Manage Your Risk
It's important to manage your risk when going long on TSLA. This means setting a stop-loss order to limit your losses in case the stock price falls.
The Bottom Line
Going long on TSLA is a risky proposition, but it also has the potential to be very rewarding. If you're comfortable with the risks, and you've done your research, then going long could be a great way to capitalize on the potential upside of the Cybertruck event.
Let me know if you are going long the CT event tonight in the comment section.
TESLA - IF THE SHOW MUST GO ON, IT IS NOW! (TARGET $315)The markets are starting strong this year except for one late bloomer: TESLA! But I thinks it is time for Musk's prodigy to go fourth to new heights. Here's my perspective on things:
What is on the chart?
1) An attractive liquidity level that will be our swing target of $315 (oh no spoiler alert).
2) We have not only a bullish gap but also a bullish weekly FVG that accompanied the break of structure (high taken out that shifted the market structure from bearish to bullish).
3) Huge accumulation structure which clearly to me is bullish but who knows maybe a Cybertruck will drive into a playground (jk).
4) This is the biggest driver (vroom vroom) of this analysis. A huge weekly wick in a weekly bullish GAP. What else do you want?
5) Our last chance to enter. If we're bullish, this is where you want to enter. Price is giving you a gift. Take it.
6) This would mark the continuation of the bullish price action. A higher high is often under looked and can provide enough info for a strong reliable bias.
7) This is our primary target. Nothing else to say here.
As always, happy trading and enjoy your weekend!! ;)
Looking at Possible Dead Cat Bounce Levels After TSLA EarningsDepending on investor sentiment, I am expecting 3 possibilities, listed from most positive to least positive investor sentiment:
In Purple (most positive): Bounce to $196-$198 fib levels, decaying to $188-192 range.
In Yellow: Bounce to $192-$194 fib levels, decaying to $184-186 range.
In red (worst): Little to no bounce, very pessimistic view on stock, decaying straight to $180-182.
If we hit red, or maybe even yellow, we are looking at a rough 2024 (See my triple top and dip Idea.)
Tesla Faces Headwinds: EV Fleet Sale and Intense Price WarTesla experienced a notable setback, with its stock falling as much as 4.2% during Friday's trading session. This decline marks the 11th drop in 12 sessions. The dip follows Hertz Global Holdings Inc.'s announcement of plans to sell off a third of its U.S. electric-vehicle fleet, contributing to the downward pressure on Tesla's shares.
Adding to the challenges, Tesla has been navigating a complex landscape in China. Since late 2022, the company has engaged in a series of price cuts, triggering responses from other manufacturers and putting pressure on profit margins across the industry. Domestic players like Xpeng Inc. and BYD Co., as well as global giants like Volkswagen AG, have joined the price-cutting competition to defend their market share
Technically we have a good opportunity to position, but as I always advise in my posts don't take full size position before the move is already happening. 0.5 Risk now with another addition of 0.5 to the full risk which as a Risk Management should not be more than 1-2% of the total portfolio.
BOOST THE IDEA AND COMMENT YOUR OPINION
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Tesla's $50 Bil Plunge: Navigating Challenges & the Road Ahead
In a shocking turn of events, Tesla ( NASDAQ:TSLA ), the world's most valuable electric carmaker, saw its stock plummet by over 12%, wiping out a staggering $50 billion in market capitalization. The nosedive came on the heels of disappointing Q4 earnings, where Tesla ( NASDAQ:TSLA ) reported a 40% decline in earnings per share and warned of potentially lower growth in 2024. CEO Elon Musk attributed the slump to a price war with a Chinese-made rival, impacting the company's bottom line.
Challenges and Margin Pressures:
Tesla's fourth-quarter earnings fell short of analysts' expectations, with a gross margin of 17.6%, compared to 23.8% a year earlier. Automotive gross margin, a closely watched figure, dropped to 17.2%, reflecting a price war-induced strain. Musk acknowledged the challenges, particularly the pressure on profit margins, and warned that the company does not have a clear picture of how margins will evolve in 2024.
Redwood Initiative:
In a bid to revitalize growth, Musk announced an ambitious initiative to launch a new mass-market electric vehicle code-named "Redwood" by mid-2025. Described as a compact crossover, this move is crucial for Tesla ( NASDAQ:TSLA ) as it seeks to stay competitive and navigate the evolving landscape of the electric vehicle market. The announcement, however, raised questions about the timeline and potential impact on Tesla's ( NASDAQ:TSLA ) overall strategy.
Market Reaction and Investor Sentiment:
Unsurprisingly, Tesla's stock experienced a 12% decline, reaching $181.70 in Thursday's market action. With Musk's recent push to increase his stake from 13% to 25%, and his ambitious vision for Tesla ( NASDAQ:TSLA ) to become a leader in AI and robotics, investor sentiment has become a focal point. Musk's demand for more shares and voting power adds another layer of complexity to the company's future trajectory.
2024 Outlook and Uncertainties:
As Tesla ( NASDAQ:TSLA ) braces for a year of potential challenges, Musk emphasized the importance of executing key projects such as the next-generation vehicle, energy storage, and full self-driving. However, uncertainties linger, including the impact of ongoing price cuts, supply-demand dynamics in the electric vehicle market, and the evolving regulatory landscape.
Conclusion:
Tesla's recent financial turbulence underscores the inherent volatility of the electric vehicle sector. The Redwood initiative, though promising, adds an element of uncertainty to the company's future. As Tesla ( NASDAQ:TSLA ) navigates the challenges posed by a price war, shifting profit margins, and the impending launch of Redwood, stakeholders will be closely watching to see how the electric car giant adapts to this pivotal moment in its journey. The unfolding narrative of Tesla ( NASDAQ:TSLA ) in 2024 promises to be a story of resilience, innovation, and strategic decision-making.
Unlocking Tesla's Potentials: A Deep Dive into Elliott WavesTesla's chart remains intriguing, particularly on the two-hour time frame. It's evident that we've experienced a Wave 1 structure after hitting the low at $194. Following that, a Wave A unfolded with a three-wave structure (abc), followed by another B with an overshooting flat pattern (abc). My current belief is that we're still in the process of forming Wave C /Wave (2). This wave should find support between 50% and 78.6%, and anything below could indicate a return to $194. I've placed my stop-loss at 50%, aiming for at least a short-term rise to $300, approximately 34%.
TSLA is 2nd most oversold everThere was a plethora of PUT SELLING on NASDAQ:TSLA yesterday and the sellers must not be happy today. OUCH Most of the contracts were at least 6 months plus so they have time unless #Tesla stock gets put to them.
Weekly shows selling for last few weeks & the downtrend stopping all advances.
(not shown here, pls see profile for more info)
Daily, it's @ 2nd most oversold & the 1st was last year. It was not the norm until last year for Tesla to get this oversold.
NVDA SHORT/PUT OPPORTUNITY Im shorting NVDA here because of the current seasonal anamoly. NVDA was supposed to fall this time of the year usually tracking 20 year historical data and the options chain is skewed to the call side.
PE ratio is insane at these levels
Our Ai forecast tool has turned bearish
Trade Idea : NVDA 640 PUT MARCH EXPIRY SL 640
TSLA Earnings After HoursTSLA reports earnings today after hours. QQQ is pretty overbought, but TSLA has been hammered down lately. Really interested to see what they do. I'm technically long shares, but not getting overly optimistic. Gapping down seems to be the crowded trade at the moment. We'll see after the bell!
Tesla 2023 Review and Outlook2023 Review
In 2023, Tesla delivered over 1.2 million Model Y’s establishing it as the best-selling vehicle globally, regardless of type, signaling a remarkable shift in the automotive landscape. Despite initial skepticism about the viability of electric vehicles (EVs), this success has proven otherwise.
Maintaining a robust free cash flow of $4.4 billion throughout 2023, they strategically directed significant resources towards future growth projects, resulting in record-high capital expenditures and research and development (R&D) expenses. They remain committed to innovation and expansion.
Energy storage deployments soared to 14.7 gigawatt-hours (GWh) in 2023, more than doubling the previous year's figures. Simultaneously, Energy Generation and Storage business witnessed a nearly fourfold increase in profits. The Services & Other business also experienced a substantial transformation, turning a $500 million loss in 2019 into a $500 million profit by 2023.
In the final quarter, the cost of goods sold per vehicle exhibited a sequential decline, a testament to the company's dedication to enhancing efficiency. Looking ahead to 2024, Tesla’s focus remains on scaling production, investing in future growth, and uncovering additional cost-saving measures.
In a groundbreaking development, December saw the rollout of Version 12 of Full Self-Driving Beta, a system trained on data from a vast fleet of over a million vehicles. This advanced AI-driven system influences various vehicle controls, such as steering wheel, pedals, and indicators, without relying on hard-coded driving behaviors. V12 signifies a significant leap forward in the journey toward achieving full autonomy.
The company’s sights are set on introducing the next generation platform expeditiously, with plans to commence production at Gigafactory Texas. This revolutionary platform is poised to redefine the manufacturing process for vehicles, ushering in a new era of automotive innovation.
Outlook
Volume: The company currently finds itself between two substantial growth phases. The first wave commenced with the global expansion of the Model 3/Y platform, and they anticipate the next surge to be triggered by the worldwide expansion of the next-generation vehicle platform. In 2024, the growth rate of their vehicle volume may experience a notable decrease compared to 2023, primarily due to the focus of the company on the launch of the next-generation vehicle at Gigafactory Texas. During this period, the growth rate of deployments and revenue in the Energy Storage business will surpass that of the Automotive business they announced
Cash: They maintain ample liquidity to support the product roadmap, long-term capacity expansion plans, and other financial obligations.
Profit: The company persists in implementing innovations to reduce manufacturing and operational costs, while foreseeing a shift in the profit landscape. Over time, they anticipate that profits from hardware-related aspects will be complemented by an acceleration in AI, software, and fleet-based profits.
Product: The ramp-up of Cybertruck production and deliveries is slated to progress steadily throughout the year. Concurrently, they continue to make significant strides in the development of our next-generation platform.
$180 possible by Friday (From Historical data) $TSLABoth Q2 and Q3 2023 earnings reports had negative news for investors, and both had a subsequent drop in their stock value:
Post Q2 earnings report in July: Stock dropped by 12%.
Post Q3 earnings report in October: Stock dropped by 15%
If the stock doesn't hold support at $200, which is currently resistance as of the PM, we may see Tesla hit $190 as the next support tomorrow, following $180 with lower probability if $190 doesn't hold.
SPY SHORT ( UPDATE FROM JAN 24,2024 )**Hello all, Im here to add some insights to the trading view community. I run options and stock programs out of trading view which give intraday bull and bear probabilities and support and resistance levels based on options chain data
Looking at SPY, I see a Support level at 485 and the open interest difference between calls and puts are the highest there ( over 5000 ). Resistance at 487 and 488. Im looking to enter a short now with 490 SL.
Target is sub 480 if bears push it over
Based on my program which does seasonal analysis, SPY is bearish for the next 10 days. Feb month is where the big bear comes seasonally.
Ai forecast also looks bearish. Not a place to go long. We Trade algo is applied on the chart**
We posted the above idea initially on the 24th of january when SPY was close to 489 but the idea got hidden. The short/ put trade we entered at 488 level paid 80% and closed at 485 level.
Watching for another short opportunity. Out of all longs for now
The Share Price of TSLA Sharply DeclinedThe Share Price of TSLA Sharply Declined After the Release of the Report
Following the publication of Tesla's (ticker TSLA) financial results for the fourth quarter of 2023, the company's stock price dropped. The TSLA share price in pre-market trading today is around $195, compared to yesterday's closing price of over $207 (approximately -6%).
Reasons for disappointment:
→ Earnings per share fell short of expectations at $0.71, compared to the Wall Street consensus of $0.73 per share.
→ Quarterly revenue amounted to $25.167 billion, which also fell below the expected $25.640 billion.
→ Additionally, a decrease in profitability was reported, partly attributed to issues with the introduction of the Cybertruck.
→ Tesla also provided a cautious outlook for 2024, warning that the growth rate in car production volumes could be "significantly lower" than in 2023. This is primarily due to the focus on launching the next-generation vehicle at the Gigafactory in Texas.
In October 2023, analysing the TSLA stock chart, it was noted that the price broke below the ascending trend. How does the situation look today?
→ The TSLA price failed to return to the ascending trend (shown in blue) of 2023.
→ The price continues to evolve within the descending trend (shown in red), the contours of which were noticeable as early as October.
After the release of this news, a bearish gap is likely to form at today's opening, and one should be prepared for:
→ Breaking the psychological level of $200 per share – this level may switch its role from support (noticeable in the price action on October 30-31) to resistance.
→ The TSLA share price dropping to the lower half of the descending channel. The median line of this channel will act as resistance.
→ Bears attempting to extend their success to bring the price down to the lower boundary of the channel (around $180).
Investor issues with TSLA stock have been evident for some time, as the price has been noticeably weaker than stock indices reaching peaks in December 2023 - January 2024. If the fundamental backdrop continues to be negative, it is possible that the red descending channel will shape the trajectory of TSLA's price in the first half of 2024.
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