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Will Tesla Double in Price This Year, Obliterate Bill GatesIt's gone a week or so, since Elon Musk gave Bill Gates advance warning last Tuesday not to truffle with him again. The Microsoft cofounder faces annihilation if he makes any further attempt to bet against Tesla. That’s because Musk believes he will have transformed the carmaker into an AI colossus worth a staggering $30 trillion as soon as Tesla completes its pivot from selling EVs first and foremost to operating a lucrative fleet of robo-taxis and humanoid robots. “Once Tesla fully solves autonomy and has Optimus in volume production, anyone still holding a short position will be obliterated,” he posted to social media on Tuesday. “Even Gates.” Indeed Tesla stocks recently jumped, erased all the 2024Y losses, to print new 6Mo highs. 52-weeks SMA has been passed through also, while Daily RSI(14) skyrocketed to 85+ area. Tesla is Dressed To The Nines. This English idiom meaning “The highest degree of perfection.” Literally, the idiom means “Dressed like a brand new man.” Btw, in financial circles, this is how they speak about assets after a Super Combo rally of continuous growth in shares or indices , after nine consecutive growing bars in a row (daily, weekly, monthly time frames). That’s exactly how many (nine) daily growth bars in a row were recorded on the eve of July 8, 2024 in Tesla shares. In nowadays even Tesla printed not 9-day but even 10-day winning streak, with the stock soaring 44% over the period. Prior to the rebound, shares were down 27% year-to-date, but they're now back in positive territory for the year, up nearly 6%. And it marked the second biggest combo rally in Tesla shares after May-June 2023, when the stock rose continuously for 13 (!) trading sessions in a row. It is worth to note that last time, after reaching “The Super Combo” in Tesla shares, Up/Down price deviations over the next 12 months were approximately equal, approximately 30-35 percent in each direction. Who knows, how many extra days will last this series right now, and where this soap opera ends. It's clear Mr. Elon wants to zap investors stress fast.
NASDAQ:TSLA
by Pandorra
How Tesla Stock Rebounded Back to Green After 40% Loss in 2024EV king powered higher over the past couple months, charged on hopes of returning growth even as returning growth is nowhere to be seen. But does it matter? Let’s find out. Tesla Erases 40% Drop in Electrifying Rally Tesla stock (ticker: TSLA ) is on a tear. A powerful comeback has shut the haters’ mouths as the electric-car maker is up about 80% from its 2024 nadir back in April. In other words, more than $350 billion have been added to Tesla’s market cap in the span of a couple months. What’s driving the electrifying charge in the popular auto maker, arguably the most popular ? It’s a bunch of factors. But more than anything, it’s investors’ big expectations over returning growth after the car company’s shares were begging to be scooped up by bargain hunters. Tesla stock had slumped about 40% on the year through late April while other big tech giants were busy logging records and getting AI drunk. Take Microsoft (ticker: MSFT ) or Nvidia (ticker: NVDA ). Or any of the Magnificent Seven members. They’ve all been celebrated over prospects of artificial intelligence-driven gains. The apparent disconnect between Tesla and the rest of the Mag 7 crew is no longer there. After stringing up a winning streak of eight straight days of winnings through Friday, Tesla shares managed to reel out of their deep 2024 losses and move in the green by about 1%. Deliveries Fuel Investors’ Long Bets Better-than-expected delivery figures underpinned the recent leg up. The Elon Musk-led company shipped 443,956 vehicles globally in the three months ended June, a 4.8% decline from the same quarter last year. And while this drop, the second one in a row, indicated that the business of deliveries didn’t grow, investors got excited about the consensus-beating numbers. Analysts anticipated 439,302 delivered units. It was also better than the first-quarter delivery figure of 386,810 . Optimism about artificial intelligence is also a key factor in steering the share price higher. It’s worth mentioning that Tesla, which recently started churning out profits , has decreased its production rate and manufactured about 411,000 vehicles in the last quarter. Lower production count translates to lower inventories, reduced costs and less pressure to cut prices in order to get rid of cars gathering dust in factories. All that means the company could splurge some cash on other projects in the pipeline and a refresh of existing ones. Elon Musk + AI + Promises = Profits??? The advance of robots and AI-powered assistants is among the top priorities for Elon Musk. Tesla’s second-generation humanoid robot Optimus debuted last week at Shanghai’s 2024 World AI Conference. First released in 2021, Optimus was designed as an everyday AI assistant to help out with things like carrying stuff, cleaning up and cooking. Before it’s launched to the public, Tesla plans to test it out in its factories starting in early 2025. To this, Elon Musk had only one thing to do — slam the short sellers and send them into “obliteration.” ”Once Tesla fully solves autonomy and has Optimus in volume production,” Musk wrote on X, “anyone still holding a short position will be obliterated.” He went further to call out one specific Tesla permabear — Bill Gates . Buyer Beware! Now on to some concerning reality checks that can make you think twice before plowing your hard-earned money into the EV maker. Tesla’s fleet of vehicles is aging badly. The Model Y is just about to pop the confetti for its fifth birthday. A lack of innovation into Tesla’s best-selling models may strip some of the company’s brand recognition for slick-looking, ultra-modern EVs. What’s more, Tesla faces fierce competition from the East. China’s biggest maker of electric cars BYD (ticker: 1211 ), sold a record number of electric and hybrid cars in the last quarter. And it’s threatening to overtake Tesla as the world’s top EV manufacturer. In June, Tesla’s market share in China dwindled by a worrying 24% from a year ago while the broader sales numbers went up thanks to the rollout of cheaper EV alternatives. BYD’s sales rose 24% in the second quarter to 426,039 EVs. We Want to Hear from You Can Tesla continue its run and keep the profits flowing to fund its risky bets on AI? Judging by the share price increase, investors seem to think so. What do you think? Let us know in the comments below.
NASDAQ:TSLA
by TradingView
17
Tesla Rebounds From Multi Year Key SupportTesla's shares rose after the announcement of new models. Tesla shares (TSLA) rose 12 percent in post market trading on Tuesday, tracking gains in the U.S. market after the electric vehicle maker promised new, more affordable models. Tesla said on Tuesday it would introduce new models by early 2025 using its current platforms and production lines, while backing away from more ambitious plans to produce an all-new model expected to cost $25,000. The rise in Tesla shares provided a much-needed boost after Tesla struggled for months with tough competition and declining sales. In technical terms, Tesla shares are supported by a multi-year uptrend. In addition, resistance trend line is also pointed out.
NASDAQ:TSLA
by Pandorra
Tesla (TSLA) IdeaHey Guys, Yearly= In a Correction since 2022. 2023 managed only to retest the 50% of the Bearish Candle which is not Bullish but indicated a drop. Yearly Zones of Interest: 208 & 154 Q2= Bullish Candle at an important Yearly FIB. BUT still in a declining channel. Stochastic is neutral- bullish. Q4 could provide some bullish setup (according to the stochastics) since we might be forming a higher low here. Bulls must manage to break through at least the 222 Resistance. Monthly: Stochastic is bullish - candlestick as well… however the 205 level becomes critical as it is retested with this candle. we also are testing the upper line of a declining channel -> a warning of a possible decline for the next month or so. Warning line at 205 and the next at 222 as these zones have to be broken to attract more buyers into the markets. Below 205 I see a great likelyhood of a retest of 3D Lows Thanks for reading
NASDAQ:TSLA
by MeruEU
TSLA : Big Resistance Ahead ? (READ THE CAPTION)By analyzing the #Tesla stock chart, we can see that the price has once again reached the supply zone at $185 and has been unsuccessful in breaking through the resistance. For this reason, our previous analysis remains valid. We need to see when this decline will finally start! The supply zone is between $191 and $206, and the bearish targets for this stock are $168, $153, and $139 respectively. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
NASDAQ:TSLAShort
by ArmanShabanTrading
4
Tesla's Robotaxi Event: Alphabet's Waymo Could Be the Real WinneTesla's upcoming Robotaxi event on Aug. 8 has the potential to spotlight Alphabet's Waymo division. While Tesla garners attention for its self-driving car ambitions, Alphabet's Waymo already operates autonomous taxis across the U.S. Analysts suggest that renewed interest in Waymo could significantly boost Alphabet's stock. The autonomous vehicle market is vast, with potential revenue in the billions. As both companies vie for a share, Wall Street sees self-driving cars as a trillion-dollar opportunity.
NASDAQ:GOOGLong
by signalmastermind
Tesla Sues Matthews Over EV Battery Trade SecretsTesla ( NASDAQ:TSLA ) has taken legal action against its former supplier, Matthews International, in a California federal court for allegedly stealing trade secrets related to Tesla's battery-manufacturing process and sharing them with Tesla's ( NASDAQ:TSLA ) competitors. The lawsuit, filed in the U.S. District Court for the Northern District of California, claims that Matthews owes damages exceeding $1 billion for misusing Tesla's trade secrets concerning dry electrode battery manufacturing technology. Matthews, a Pittsburgh-based company that started supplying manufacturing machinery to Tesla ( NASDAQ:TSLA ) in 2019, allegedly shared Tesla's innovations related to dry-electrode coating with unnamed competitors. This technology is crucial for reducing the size, cost, energy consumption, and production cycle time of battery manufacturing plants, while enhancing the energy density and power of battery cells. According to the lawsuit, Matthews not only shared Tesla's trade secrets but also claimed Tesla's inventions as its own in patent filings, revealing confidential Tesla information. Tesla is seeking the court's intervention to prevent Matthews from further misusing its trade secrets, compel Matthews to surrender its patent applications, and claim monetary damages. As of now, representatives from Matthews and attorneys and spokespeople from Tesla ( NASDAQ:TSLA ) have not responded to requests for comments on this matter. Technical Outlook Tesla Inc. (TSLA) stock is up 4.48% in Monday's market trading with a Relative Strength Index (RSI) of 58.34 which is poised for further gains and if Tesla Inc. should win the case against Matthews we should expect price impact.
NASDAQ:TSLA
by DEXWireNews
Tesla - Indecision with the triangleNASDAQ:TSLA has been consolidating for almost 4 years and is definitely ready for a breakout! +3.300% was the previous rally on Tesla which started back in 2019. But at the moment Tesla is not looking bullish whatsoever, considering that Tesla is trading at the same level as it was about four years ago. However, there is a long term descending triangle formation forming and therefore it is quite likely that we will (soon) see a breakout, either towards the upside or towards the downside. Levels to watch: $210, $120 Keep your long term vision, Philip - BasicTrading
NASDAQ:TSLALong
by basictradingtv
11
DOGE Ready for next expansion stage. Happy Monday traders! Today we are taking a look at the All Time History of DOGE coin. Before we look at eh price action of DOGE lets take a trip down memory lane and give you some history of this coin. Doge: Much Coin, Very History Doge, in internet meme culture, refers to a photo of a Shiba Inu dog with multicolored Comic Sans text captions representing the dog's thoughts. This meme became wildly popular in the early 2010s, inspiring. Yet, most have never looked up the true meaning of the word DOGE. Dogecoin (DOGE), launched in December 2013 by software engineers Billy Markus and Jackson Palmer. It was created as a lighthearted parody of the seriousness surrounding Bitcoin and other cryptocurrencies at the time. They built Dogecoin using Litecoin's open-source code, which itself stemmed from Bitcoin. Dogecoin quickly gained a loyal following, especially on sites like Reddit, where it became a popular tipping currency for content creators. Despite its comedic origins, DOGE achieved surprising success. Here are some milestones: Instant popularity: Over a million visitors flocked to Dogecoin.com within the first month. Community focus: Dogecoin fosters a fun and inclusive online community, a stark contrast to some other cryptocurrencies. Elon Musk effect: Celebrity endorsements, particularly from Elon Musk, have caused the price of DOGE to fluctuate dramatically. Highs and lows: In 2021, DOGE reached a peak market capitalization of over $85 billion, but its value remains volatile. DOGE Definition: The chief magistrate in the former Italian republics of Venice and Genoa, known as the Doge (pronounced DOZH), held a complex and multifaceted role. Fun fact, Coins minted by the republic often featured the Doge's image or an abbreviation of their name. This served as a symbolic stamp of approval and helped ensure public trust in the currency. Today, Dogecoin remains a prominent cryptocurrency, though its price is significantly lower than its 2021 highs it may be repeating its historical gains very soon. Whether it's intention was to be a serious contender in the future or a lasting internet joke, DOGE's place in crypto history is secure. What do the charts say Looking at the all time history of this coin we can see that the price action has created two previous run ups producing over 21,000% gains between 2015 and 2017 and again reaching for the sky and touching over 50,000% gains during the 2020/2021 crypto bull market. Each cycle DOGE has nearly mimicked its prior cycles bear market, accumulation period and eventually, a mind melting bull run. As you can see on the chart we have completed the bear market and are currently breaking out of accumulation. My personal Targets for DOGE are $4.20, $10.10 and $12.00. If Doge did just half of the gains it did last run it would reach a total of over $12. With rumors shooting around the internet that Elon may add DOGE as the local currency for the X platform and this being a real possibility, I think it is counterproductive to think these type of gains are not in the cards. Much profits, Savvy
CRYPTO:DOGEUSDLong
by Crypto_Kinfolk
14
Tesla - Triangle and -33% drop!Hello Traders and Investors, today I will take a look at Tesla . -------- Explanation of my video analysis: With Tesla stock breaking above previous resistance in 2019 and coming back to retest it in 2020, this stock then took off and created one of the most insane rallies which I have ever seen. At the moment though, Tesla is consolidating in a descending triangle formation and there is a high chance that Tesla will again come back to retest the lower support at $110 for a third time. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:TSLAShort
by basictradingtv
8
$TSLA Contrarian Bounce Against the Market Grain.$TSLA:1D Price breaks out of downtrend at +3SD (190.79). Potential ‘gap-fill’ up to 206. Bullish price to RSI divergence. (yellow lines) Pearson’s R^2 is extremely high and I don’t believe this level of trend strength can be maintained at these levels of elevation for a very extended period of time. Significant inverse correlation to relevant index ETF ( NASDAQ:QQQ ) makes NASDAQ:TSLA a theoretically contrarian trade for me assuming I have a bearish sentiment on broader tech sector as represented by $QQQ. Given how beaten up the stock has been I believe it could rise against a falling tech sector, at some point over the next 90 days. First target is 198 level, second target is filling the gap up to 206 and the third and final ‘reach target’ would be the 0.5 retrace at 222.60. I would be happy with 2/3 of these being completed. If the trade went against me, I see the worst case, downside, scenario as a further spill to the 1.382 (147.56) with a drop to the mid 160’s as more likely in the event of a downturn. My thesis is long but outlining the downside scenario is an important part of managing risk for me. Happy trading.
NASDAQ:TSLALong
by Firewalker_Charts
Dogecoin - Is a 20.000% rally realistic?Hello Traders and Investors, today I will take a look at Dogecoin . -------- Explanation of my video analysis: In 2020 Dogecoin already created a symmetrical triangle breakout which was followed by a +20.000% rally towards the upside. Then we saw the top in 2021 and Dogecoin once again entered into a triangle consolidation phase. We already saw the bullish breakout of this triangle and if we measure the potential price target, the next bullrun could bring us all the way up to $20. -------- Keep your long term vision, Philip (BasicTrading)
CRYPTO:DOGEUSDLong
by basictradingtv
18
Oracle's $10B Deal with Elon Musk's xAI Signals Cloud GrowthOracle Corporation is poised for substantial growth in its cloud computing sector through a potential $10 billion deal with Elon Musk's AI startup, xAI. This strategic partnership signals Oracle's emergence as a key player in the generative AI market, positioning its Oracle Cloud Infrastructure (OCI) division for significant expansion against competitors like Amazon Web Services and Microsoft Azure. Despite recent stock price fluctuations, Oracle's cloud revenue has surged, bolstering confidence in its cloud computing capabilities. The connection between Oracle's Chairman Larry Ellison and Elon Musk further underscores the promising prospects of this collaboration, with xAI likely becoming a flagship client for Oracle. This partnership promises to advance AI cloud services and could lead to groundbreaking developments in the industry.
NYSE:ORCLLong
by signalmastermind
Elon Musk's xAI Set to Rent Oracle's AI Servers for $10 Bln Oracle Corp. ( NYSE:ORCL ) is close to a $10 billion cloud contract with Elon Musk's artificial intelligence startup, xAI. Oracle Chairman Larry Ellison announced last September that the company had a deal to provide cloud infrastructure to xAI to train artificial intelligence models. The talks are ongoing and there is no guarantee that the two companies will reach an agreement. XAI was set to close a $6 billion funding round, valuing the company at about $18 billion. The shares gained 3.7% to $120.68 in New York after earlier hitting $122.55. The stock has increased 10% this year through Monday's close. The deal would make xAI one of Oracle's largest customers, as Musk looks to raise funds for xAI in an attempt to rival the AI offerings of OpenAI and Google. The cloud negotiations are ongoing and there is no guarantee that the two companies will sign a deal. XAI was reportedly in talks to raise $3 billion in a round last month, which would have valued the company at $18 billion. Oracle and Elon Musk did not immediately respond to Reuters requests for comment. Oracle ( NYSE:ORCL ) released an update to its database technology earlier this month intended to make it more useful with AI. XAI is the largest H100 customer at Oracle, using more than 15,000 of the AI chips, which are made by Nvidia. Last month, Musk said xAI would launch an enhanced version of its chatbot Grok to early testers and existing users on his social media platform X.
NYSE:ORCLLong
by DEXWireNews