Tesla, Inc. (NASDAQ:TSLA) Elon Musk becomes Daddy DotCom
Serial-tweeting Tesla CEO Elon Musk said on Twitter Sunday night that he “just deleted” his account, 10 months after his use of the social media site to pump up the electric car company’s investment prospects landed him in trouble with U.S. securities regulators. However, Musk’s account was still listed as active on Twitter as of Monday morning, suggesting the tweet was a joke and prompting many amused responses from his followers.
Musk’s strange weekend on Twitter also included a display name change to “Daddy DotCom” on Father’s Day. Daddy.com is an existing website that provides parenting information to new and expecting fathers.
Musk also lashed out against former Tesla CEO Martin Eberhard Saturday night, claiming Tesla is successful “in spite” of Eberhard, reported Business Insider.
Eberhard, who is now the chairman of an electric vehicle battery startup called Tiveni, co-founded Tesla in 2003, but was fired from the startup in 2007 in an ouster led by Musk. Tesla accused the former CEO of leaving the company finances in “shambles.”
“Tesla is alive in spite of Eberhard, but he seeks credit constantly & fools give it him,” Musk reportedly said in response to an anonymous user.
Musk got in trouble with the Securities and Exchange Commission in August for tweeting he had secured funding to take Tesla private, without any evidence to support the claim. Tesla stock rose on his tweet and fell on the aftermath. Musk and Tesla each paid $20 million in September to settle with the SEC.
As part of the court settlement, Musk is required to have Twitter posts approved by a company lawyer if they have the potential to affect the company’s stock.
Some investors may have appreciated Musk’s vow of silence on Twitter: Tesla’s share price increased nearly 2.5% in Monday morning trading to about $220.
Overall, the bias in prices is: Downwards.
The projected upper bound is: 244.53.
The projected lower bound is: 203.82.
The projected closing price is: 224.18.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 22 white candles and 28 black candles for a net of 6 black candles.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is 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 63.9756. This is not an overbought or oversold reading. The last signal was a sell 3 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 57.46. 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 9 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 108.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 2 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 10.110 at 225.030. Volume was 14% above average (neutral) and Bollinger Bands were 6% narrower than normal.
Open High Low Close Volume___
215.480 227.000 214.270 225.030 12,316,803
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 209.37 231.43 289.12
Volatility: 58 58 71
Volume: 12,891,854 12,201,994 9,776,450
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 is currently 22.2% below its 200-period moving average and is in an upward 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 bullish on TSLA.O and have had this outlook for the last 2 periods.