Tesla, Inc. (NASDAQ:TSLA) expects to post a profitable fourth quarter

Tesla, Inc. (NASDAQ:TSLA) expects to post a profitable fourth quarter

Tesla, Inc. (NASDAQ:TSLA) expects to post a profitable fourth quarter

Tesla will deliver its mid-range Model 3 by the end of the year to U.S.-based customers who place their order by Nov. 30, thanks to additional trucking capacity, chief executive Elon Musk said on Thursday.

“Tesla just acquired trucking capacity to ensure Model 3 can be delivered in US by Dec 31 if ordered by Nov 30,” Musk wrote in a tweet. “Skipping rail saves over a month for East Coast deliveries. All things considered, it’s better to use trucks. Single load/unload & direct to owner location.”

The electric-car maker is racing against an end-of-year deadline to hand out federal tax credits worth $7,500 to customers. Partial tax credits of $3,750 and $1,875 will be available for deliveries made by June 30, 2019, and Dec. 31, 2019, respectively.

Musk previously promised that customers who ordered vehicles by Oct. 15 would be eligible for the full tax credit.

In the third quarter, Tesla said it built 53,239 Model 3 sedans, as it continued to ramp up production of its first car aimed at the mass market. Until the launch of the mid-range Model 3, Tesla only offered higher-priced versions of the vehicle.

Tesla said it expects to post a profitable fourth quarter.

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 316.62.

The projected upper bound is: 391.11.

The projected lower bound is: 308.47.

The projected closing price is: 349.79.


A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 9 white candles and 1 black candles for a net of 8 white candles. During the past 50 bars, there have been 30 white candles and 20 black candles for a net of 10 white 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 Indicators

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.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 51.3881. This is not an overbought or oversold reading. The last signal was a sell 7 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 62.72. 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 48 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 51. This is not a topping or bottoming area. The last signal was a sell 9 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 sell 2 period(s) ago.

Rex Takasugi – TD Profile

TESLA INC closed up 4.440 at 348.440. Volume was 55% below average (consolidating) and Bollinger Bands were 34% wider than normal.

Open High Low Close Volume___
342.330 348.580 339.040 348.440 4,625,719

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 344.14 300.05 310.99
Volatility: 42 92 72
Volume: 6,402,208 10,618,127 9,128,926

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 12.0% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into TSLA.O (mildly bullish). Our trend forecasting oscillators are currently bullish on TSLA.O and have had this outlook for the last 16 periods.

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