Tesla, Inc. (NASDAQ:TSLA) owners can again benefit when they refer friends to buy the electric cars

Tesla, Inc. (NASDAQ:TSLA) owners can again benefit when they refer friends to buy the electric cars

Tesla, Inc. (NASDAQ:TSLA) owners can again benefit when they refer friends to buy the electric cars

Tesla Inc. relaunched its customer-referral program Thursday night, offering new rewards for purchases.

In a blog post, Tesla TSLA, +0.15% said both the referrer and the buyer will get 1,000 miles of free Supercharging per purchase, and be entered in quarterly drawings to win a special-edition Model Y or Roadster.

Tesla had ended its popular referral program in January, saying at the time it cost too much, and that the program was unlikely to be revived because it hurt margins. But, “We’ve since restructured the program to save the company money while also offering rewards that are super exclusive,” Tesla said Thursday.

In February, CEO Elon Musk said the company is likely to post a loss in the first quarter, but could return to slim profitability in the second quarter.

Tesla shares are down 18% year to date, compared to the S&P 500’s SPX, +1.09% nearly 14% gain.

Overall, the bias in prices is: Downwards.

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

By the way, prices are vulnerable to a correction towards 308.30.

The projected upper bound is: 301.80.

The projected lower bound is: 243.79.

The projected closing price is: 272.79.


A white body occurred (because prices closed higher 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 27 white candles and 23 black candles for a net of 4 white 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 29.3732. This is not an overbought or oversold reading. The last signal was a buy 0 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 40.44. 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 132 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 -73. This is not a topping or bottoming area. The last signal was a buy 1 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 3 period(s) ago.

Rex Takasugi – TD Profile

TESLA INC closed up 0.420 at 274.020. Volume was 25% below average (neutral) and Bollinger Bands were 13% narrower than normal.

Open High Low Close Volume___
272.600 276.450 268.450 274.020 5,947,098

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

Moving Averages: 10-period 50-period 200-period
Close: 279.73 302.87 316.05
Volatility: 47 59 75
Volume: 8,738,667 8,591,416 9,424,875

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 13.3% below its 200-period moving average and is in an downward 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 bearish on TSLA.O and have had this outlook for the last 21 periods.

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.