First look at Tesla, Inc. (NASDAQ:TSLA) Model S ‘Cheetah Stance’ Launch Mode in action
The Tesla Model S may be due for a Plaid upgrade, but this doesn’t mean to say that the Raven Performance trim has stopped getting better. Tesla recently started rolling out a new update for its fastest sedan featuring a few “Cheetah Stance” Launch Mode, which is designed to make the all-electric car even faster on the drag strip.
Indications that the new “Cheetah Stance” update was coming came last week after Tesla owner-hacker @greentheonly shared some screenshots featuring the upcoming Launch Mode sequence. This new sequence has now been tested by Brooks Weisblat of YouTube’s DragTimes channel. Thanks to a friend who happened to have a Raven Tesla Model S Performance, Weisblat was able to check the drag racing capabilities of the flagship vehicle.
In true DragTimes form, Weisblat opted to test the Raven Model S Performance on a regular road with practically zero preparations on the vehicle. The Model S’ tires were stock, and the only preparation of any sort involved its Supercharging session, which fully charged the Model S’ battery up to 100%. That’s the equivalent of filling a high-performance petrol-powered vehicle with a full tank.
Using devices such as a Dragy and VBOX, Weisblat performed multiple launches of the Model S Performance. The vehicle’s runs were remarkably consistent, despite being launched in short succession. Based on the quick test, it appears that Tesla is indeed looking to bring repeatable performance to its flagship sedan. This function will most definitely be a critical capability in the upcoming Plaid Model S, which was initially set to be released this year.
Comparing the results of the Raven Tesla Model S before and after receiving the Cheetah Stance update, it was evident that the new Launch Mode definitely improved the performance of the vehicle. Before the new update, the Model S was already showing a peak power of 580 kW when charged to 98-100% with Ludicrous+ Mode. With the Cheetah Stance update, the Model S showed a peak power of 614 KW, marking a difference of 34 kW or about 46 hp.
The improvements are equally notable in terms of the Model S’ 0-60 mph, 1/8-mile, 1/4-mile, and 60-130 mph times. Before receiving the update, the Model S was able to hit 60 mph in 2.47 seconds with a full battery, and it was able to complete a 1/8-mile run in 6.77 seconds at 102.23 mph. Quarter mile times were at 10.67 seconds at 124.70 mph. The vehicle’s 60-130 mph time also stood at 9.23 seconds.
With the Cheetah Stance Launch Mode, the Model S Performance was able to go from 0-60 mph in 2.41 seconds. The vehicle was also able to hit the 1/8-mile mark in 6.71 seconds at 103.55 mph. Quarter mile times with the Cheetah Stance Launch Mode was at 10.54 seconds at 127.5 mph, and 60-130 mph took 8.68 seconds.
Needless to say, it appears that the new “Cheetah Stance” Launch Mode update may become one of the most welcome and popular updates from the electric car maker. A 46 hp upgrade is no joke, after all, and having it downloaded for free for Raven Model S Performance owners is something that continues to be unique to Tesla. The upgrade, if any, hints at the frightening capabilities of the Plaid Model S, which will be track-capable and likely able to demonstrate repeatable performance.
Overall, the bias in prices is: Downwards.
Note: this chart shows extraordinary price action to the downside.
By the way, prices are vulnerable to a correction towards 568.26.
The projected upper bound is: 701.79.
The projected lower bound is: 388.61.
The projected closing price is: 545.20.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 23 white candles and 27 black candles for a net of 4 black candles.
A doji star occurred (where a doji gaps above or below the previous candle). This often signals a reversal with confirmation occurring on the next bar.
A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 7 rising windows in the last 50 candles–this makes the current rising window even more bullish.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 64.9621. This is not an overbought or oversold reading. The last signal was a buy 1 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 50.11. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 13 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 115.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 12 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 8 period(s) ago.
Rex Takasugi – TD Profile
TESLA INC closed up 29.210 at 545.450. Volume was 100% below average (consolidating) and Bollinger Bands were 10% narrower than normal.
Open High Low Close Volume___
545.000 565.000 532.340 545.450 25,599
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 508.56 647.37 389.97
Volatility: 103 159 94
Volume: 15,349,291 20,800,090 12,388,253
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
TESLA INC gapped up today (bullish) on light volume. Possibility of a Common Gap which usually coincides with a lack of interest in the security. Common Gaps are fairly irrelevent for forecasting purposes. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
TESLA INC is currently 39.9% above its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of TSLA.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on TSLA.O and have had this outlook for the last 25 periods.
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