Tesla, Inc. (NASDAQ:TSLA) Musk tweets have suggested strained relations with cell maker

Tesla, Inc. (NASDAQ:TSLA) Musk tweets have suggested strained relations with cell maker

Tesla, Inc. (NASDAQ:TSLA) Musk tweets have suggested strained relations with cell maker

Last year, Elon Musk puffed a marijuana blunt during a live-video interview in California. Halfway around the world, executives at Japan’s Panasonic Corp. PCRFY -1.27% , Tesla Inc. TSLA 0.98% ’s automotive battery supplier, watched with alarm.

“What will our investors think?” one Panasonic executive remembers wondering.

Five years after committing to invest billions of dollars in a shared battery factory in the Nevada desert, Panasonic has a strained relationship with the electric-car pioneer. The Gigafactory was supposed to boost profits, cement Panasonic’s future in automotive electronics and give Tesla easy access to the most important—and expensive—component of its vehicles.

Instead, the partnership has exposed a culture clash between the conservative, century-old Japanese conglomerate accustomed to consensus and the 16-year-old Silicon Valley upstart built around Mr. Musk’s vision for upending 100 years of automotive tradition.

Their shared business is causing headaches. The bosses of both companies are pointing fingers at each other over the handling of battery production. And Mr. Musk’s behavior has rattled Panasonic’s top brass, to the extent that some remain worried about tying their company’s fortunes too closely to Mr. Musk and his Silicon Valley car company.

Mr. Musk has pushed Panasonic to cut what it charges for the battery cells as Tesla builds another costly factory in China. Panasonic Chief Executive Kazuhiro Tsuga has resisted the pricing requests, and says he is hesitant to go into China with Tesla. Production has fallen behind schedule, and the race to catch up has thrown the Panasonic battery unit deeper into the red.

Technical Indicators

Overall, the bias in prices is: Upwards.

The projected upper bound is: 258.30.

The projected lower bound is: 221.97.

The projected closing price is: 240.14.

Candlesticks

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 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 57.0711. This is not an overbought or oversold reading. The last signal was a buy 9 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 53.00. 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 52 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 22. This is not a topping or bottoming area. The last signal was a buy 2 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 3 period(s) ago.

Rex Takasugi – TD Profile

TESLA INC closed up 2.330 at 240.050. Volume was 6% above average (neutral) and Bollinger Bands were 43% narrower than normal.

Open     High      Low     Close     Volume___
235.870 243.940 234.500 240.050 8,702,338
Technical Outlook 
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period     50-period     200-period
Close: 238.43 232.23 257.30
Volatility: 49 50 61
Volume: 9,099,349 6,807,104 9,076,638

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 6.7% below 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 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 20 periods.

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