Tesla, Inc. (NASDAQ:TSLA) reached a $US13 million settlement on May 10 with former contractor Teodora Tapia

Tesla, Inc. (NASDAQ:TSLA) reached a $US13 million settlement on May 10 with former contractor Teodora Tapia

Tesla, Inc. (NASDAQ:TSLA) reached a $US13 million settlement on May 10 with former contractor Teodora Tapia

Tesla reached a $US13 million settlement on May 10 with former contractor Teodora Tapia, who was left “permanently disabled” after being hit by a Model S sedan, according to Parris Law Firm, which represented Tapia.

A Tesla representative told Business Insider that Joseph Aguilar, who was driving the Model S that hit Tapia, was an employee of West Valley Staffing Group, which the representative said “will pay the bulk of the settlement.” But in an April 26 court filing, Tesla agreed that it shared liability for Aguilar’s conduct with West Valley.

“We care deeply about the safety and well-being of everyone who works at Tesla’s facilities, whether they are a contractor or Tesla employee,” the Tesla representative said.

West Valley did not immediately respond to a request for comment.

Tesla received more citations from the Occupational Safety and Health Administration (OSHA) related to vehicle manufacturing than Ford, General Motors, or Fiat Chrysler from 2017 through the end of 2018. Reports from Reveal published in 2018 claimed that Tesla misreported workplace injuries, avoided using safety markings for aesthetic reasons, and failed to give injured employees proper medical care.

Tesla has denied that it has misreported workplace injuries and failed to use safety markings for aesthetic reasons. The automaker did not respond to requests for comment on the allegation that it failed to give injured employees proper medical treatment.

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 279.30.

The projected upper bound is: 252.91.

The projected lower bound is: 209.59.

The projected closing price is: 231.25.

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 23 white candles and 27 black candles for a net of 4 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 17.0325. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 5 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 36.76. 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 11 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 -110.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 8 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 up 5.300 at 232.310. Volume was 22% below average (neutral) and Bollinger Bands were 2% wider than normal.

Open High Low Close Volume___
229.300 234.500 228.000 232.310 7,252,412

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

Moving Averages: 10-period 50-period 200-period
Close: 242.12 265.47 303.66
Volatility: 57 52 74
Volume: 11,151,918 10,321,252 9,585,713

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 23.5% below its 200-period moving average and is in an downward 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 bearish on TSLA.O and have had this outlook for the last 22 periods.

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