Tesla Inc (NASDAQ:TSLA) New Competition May Drive Price Down To $250

Tesla Inc (NASDAQ:TSLA) New Competition May Drive Price Down To $250

[vc_row][vc_column width=”2/3″][vc_column_text]Tesla Inc (NASDAQ:TSLA) New Competition May Drive Price Down To $250

Highlights:

  • HEFFX targets $250 for Tesla Inc
  • Volkswagen Challenges Tesla for Electric Car Supremacy
  • Volkswagen wants to “leapfrog” Tesla and become the leader in electric cars
  • Telsa went to Mexico to hire employees
  • Volkswagen is targeting annual sales of 1 million electric cars by 2025
  • Tesla hopes to do the same by 2020
  • Anything Tesla can do, we can surpass,” said Herbert Diess (VW brand boss)
  • Volkswagen has the resources to overwhelm Tesla

[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_single_image image=”41189″ img_size=”medium” alignment=”right” onclick=”img_link_large” img_link_target=”_blank”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

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

The projected upper bound is: 327.87.

The projected lower bound is: 288.52.

The projected closing price is: 308.19.

TESLA INC closed down -1.160 at 307.190. Volume was 24% above average (neutral) and Bollinger Bands were 42% narrower than normal.

Open            High           Low             Close            Volume
310.900      313.790      305.820      307.190      7,006,471

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

Moving Averages: 10-period        50-period      200-period
Close:                       311.04             281.76            232.88
Volatility:                50                    44                   38
Volume:                   7,008,834     5,844,391      4,628,662

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 31.9% above 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 28 periods.

HEFFX Momentum
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 34.9773. 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 54.31. 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 4 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 -9. This is not a topping or bottoming area. The last signal was a buy 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 sell 3 period(s) ago.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

Key stats and ratios

Q1 (Mar ’17) 2016
Net profit margin -14.73% -11.04%
Operating margin -9.55% -9.53%
EBITD margin 4.00%
Return on average assets -6.68% -5.03%
Return on average equity -27.20% -23.13%
Employees 17,782
CDP Score

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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