Tesla, Inc. (NASDAQ:TSLA) to postpone self-driving feature’s price increase
Tesla Inc. TSLA, -0.85% Chief Executive Elon Musk tweeted late Tuesday that a price increase on the company’s FSD, or full self-driving feature, is postponed until a latest version is in “wide release,” some four to eight weeks away. Musk had tweeted in July that the cost of the feature was increasing by about $1,000 in mid-August.
In April, he tweeted along the same lines about an increase that took effect later in the spring. That same month, Tesla unveiled in-house self-driving hardware and promised a fleet of Tesla “robo-taxis”. Tesla shares fell 0.4% in the extended session, matching its decline for the day during the regular session. The stock is down 32% this year, contrasting with gains of 16% and 11% for the S&P 500 index SPX, -0.79% and the Dow Jones Industrial Average DJIA, -0.66%.
Overall, the bias in prices is: Downwards.
The projected upper bound is: 247.90.
The projected lower bound is: 204.34.
The projected closing price is: 226.12.
A black body occurred (because prices closed lower 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 26 white candles and 24 black candles for a net of 2 white candles.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 55.1634. This is not an overbought or oversold reading. The last signal was a buy 15 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 45.80. 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 18 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 -33. 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 18 period(s) ago.
Rex Takasugi – TD Profile
TESLA INC closed down -0.970 at 225.860. Volume was 100% below average (consolidating) and Bollinger Bands were 22% narrower than normal.
Open High Low Close Volume___
227.620 229.090 224.540 225.860 70
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 227.86 232.40 276.93
Volatility: 55 58 61
Volume: 5,179,577 8,118,256 9,019,789
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 18.4% below its 200-period moving average and is in an downward 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 bearish on TSLA.O and have had this outlook for the last 15 periods.
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