Tesla, Inc. (NASDAQ:TSLA) Isn’t Planning to Refresh Its Model S and X

Tesla, Inc. (NASDAQ:TSLA) Isn’t Planning to Refresh Its Model S and X

Tesla, Inc. (NASDAQ:TSLA) Isn’t Planning to Refresh Its Model S and X

While most of the attention regarding Tesla (NASDAQ: TSLA) stock has recently been on the company’s Model 3, Tesla’s older and pricier models are still critical to the company’s success. Sure, the Model 3 now accounts for about 80% of the automaker’s quarterly deliveries, but the Model S and X still have fatter margins, making them an important element in the company’s ongoing expansion.

To help reinvigorate sales of the two vehicles after they pulled back sharply earlier this year, some investors have been hoping the automaker would release refreshed versions of the vehicles. But investors shouldn’t get their hopes up. There currently aren’t any plans for a refresh, Tesla CEO Elon Musk said on Twitter this week.

What you see is what you get

When asked on Twitter on Monday when a Model X refresh is coming, Musk responded, saying, “There is no ‘refreshed’ Model X or Model S coming, only a series of minor ongoing changes.” For the most part, therefore, what potential customers see today is what they get.

But Tesla will continue with its practice of continually updating its vehicles with beneath-the-surface changes that make its vehicles better over time. “[The] most significant change in [the] past few years was to use high efficiency Model 3 rear drive unit as S/X front drive unit,” Musk continued in his tweet. “That went into production 3 months ago.”

This contrasts with speculation in the hyperactive Tesla rumor mill about some major upcoming updates to the vehicles. Last summer, Electrek reported that Tesla was planning to overhaul the interior of the Model S and X, including a more spartan look and new display akin to the Model 3’s interior. While interior changes are still possible, they might not be as significant as imagined. In addition, they may be introduced more gradually instead of all at once.

Of course, it’s difficult to know what Musk considers a “refresh.” Perhaps interior changes would qualify as part of “a series of minor ongoing changes.” But with Musk explicitly warning that a major refresh isn’t in the works, investors certainly shouldn’t have high expectations for physical design changes in the near future.

Overall, the bias in prices is: Sideways.

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

The projected upper bound is: 248.73.

The projected lower bound is: 211.18.

The projected closing price is: 229.96.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 22 white candles and 28 black candles for a net of 6 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 47.5197. This is not an overbought or oversold reading. The last signal was a sell 18 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 57.71. 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 24 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 57. This is not a topping or bottoming area. The last signal was a sell 1 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 buy 23 period(s) ago.

Rex Takasugi – TD Profile

TESLA INC closed down -0.280 at 230.060. Volume was 44% below average (neutral) and Bollinger Bands were 51% narrower than normal.

Open High Low Close Volume___
228.970 231.000 227.280 230.060 6,190,835

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

Moving Averages: 10-period     50-period     200-period
Close: 226.54 219.37 284.32
Volatility: 34 56 69
Volume: 7,871,563 11,491,675 9,673,624

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 19.1% below its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. 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 17 periods.

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