Tesla, Inc. (NASDAQ:TSLA) fell short of its target 100,000 deliveries
he news last week Tesla Inc. fell short of its target 100,000 deliveries for the third quarter of the year is giving birth to dire predictions about the future of the world’s largest maker of electric vehicles (EVs).
The direst by far was made public Sunday by Scott Galloway, a Professor of Marketing at NYU Stern School of Business, who was named “One of the World’s 50 Best Business School Professors” in 2012. Galloway teaches Brand Strategy and Digital Marketing to second-year MBA students and is the author of the Digital IQ Index, a global ranking of prestige brands’ digital competence.
Galloway also predicted Amazon would buy Whole Foods before this acquisition occurred in August 2017.
Galloway raised the hackles of Tesla fanboys anew on Sunday — and ignited a furious twitter storm bashing him — by predicting either the demise of Tesla or the loss by Tesla of 80 percent of its value by the next decade.
The reason: Tesla simply doesn’t have the scale to compete in a “well-run, low-margin” segment in the auto industry. Simply put, Galloway contends Tesla will never be able to mass produce and deliver enough of its EVs to become profitable — ever.
Technical Indicators
Overall, the bias in prices is: Downwards.
The projected upper bound is: 249.72.
The projected lower bound is: 213.24.
The projected closing price is: 231.48.
Candlesticks
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 25 white candles and 25 black candles.
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 46.9218. This is not an overbought or oversold reading. The last signal was a buy 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 46.24. 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 sell 50 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 -87. This is not a topping or bottoming area. The last signal was a buy 0 period(s) ago.
MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 1 period(s) ago.
Rex Takasugi – TD Profile
TESLA INC closed down -1.600 at 231.430. Volume was 2% below average (neutral) and Bollinger Bands were 43% narrower than normal.
Open High Low Close Volume___
231.610 234.780 228.070 231.430 8,021,180
Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 237.10 231.95 258.15
Volatility: 66 50 62
Volume: 9,153,694 6,857,338 9,079,422
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.
Summary
TESLA INC is currently 10.4% below its 200-period moving average and is in an upward trend. Volatility is 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 18 periods.
