Tesla, Inc. (NASDAQ:TSLA) the future of sustainable transport and energy generation

Tesla, Inc. (NASDAQ:TSLA) the future of sustainable transport and energy generation

Tesla, Inc. (NASDAQ:TSLA) the future of sustainable transport and energy generation

Electric vehicles reduce the emissions that contribute to climate change. In October, the United Nation’s Intergovernmental Panel on Climate Change released a report saying that limiting global warming “would require rapid, far-reaching and unprecedented changes in all aspects of society.”

According to Musk, without Tesla there would still be a transition to sustainable energy, but it would take much longer. “History will judge this, obviously, but I would say on the order of 10 years, maybe 20 years,” he said. “This could be all the difference in the world.”

Now, Tesla is “doing pretty well,” said Musk, despite its Model 3 production issues.

“Tesla’s not staring death in the face. We’re in, I think, a pretty good position,” Musk said. “Up until around September, we were really faced with … ‘We’re gonna die,’ constantly. I feel like we’re no longer in the staring-death-in-the-face situation.”

Musk himself previously stepped into the political arena when he joined three advisory councils on business, manufacturing jobs and infrastructure for President Donald Trump in December 2016. Musk withdrew from the councils in June 2017, however, when Trump backed out of the Paris climate accord, a 2015 agree among various world leaders to fight climate change. (“I did my absolute best,” Musk told Swisher of the councils.

Overall, the bias in prices is: Upwards.

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

The projected upper bound is: 382.56.

The projected lower bound is: 300.43.

The projected closing price is: 341.50.


A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 25 white candles and 25 black candles.

A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

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 74.6823. This is not an overbought or oversold reading. The last signal was a sell 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 65.03. 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 41 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 70. This is not a topping or bottoming area. The last signal was a sell 2 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 buy 14 period(s) ago.

Rex Takasugi – TD Profile

TESLA INC closed down -0.340 at 341.060. Volume was 37% below average (neutral) and Bollinger Bands were 84% wider than normal.

Open High Low Close Volume___
339.070 348.800 336.090 341.060 6,762,889

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

Moving Averages: 10-period 50-period 200-period
Close: 330.95 293.25 311.06
Volatility: 60 92 72
Volume: 12,996,362 10,810,531 9,103,044

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 9.6% above 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 moderate flows of volume into TSLA.O (mildly bullish). Our trend forecasting oscillators are currently bullish on TSLA.O and have had this outlook for the last 9 periods.

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