Tesla (NASDAQ:TSLA) Elon Musk Bogus Covid-19 Test

Tesla (NASDAQ:TSLA) Elon Musk Bogus Covid-19 Test

$TSLA #Tesla #Auto #Manufacturers #USA #Nasdaq #Stocks #Trading

Tesla
Ticker: NASDAQ:TSLA
Price: $411.76

Tesla News

Tesla Inc.’s Elon Musk tweeted he may have Covid-19 and renewed his conspiratorial posting about the virus that has infected almost 53 million people.

“Something extremely bogus is going on,” the chief executive officer wrote late Thursday. “Was tested for covid four times today. Two tests came back negative, two came back positive.”

The billionaire said he took a series of rapid antigen tests, which produce results within 15 minutes and are cheaper but less reliable than polymerase chain reaction tests. He’s now waiting for results from the latter type of test, which take longer to process.

Musk, 49, wrote that he was experiencing symptoms of a typical cold, describing them as “nothing unusual so far.”

You have to give it to Elon Musk, he is an entertaining as they come and we wish him a speedy recovery.

Business Summary

Tesla, Inc., formerly Tesla Motors, Inc., designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products.

The Company operates through two segments: Automotive, and Energy generation and storage.

The Automotive segment includes the design, development, manufacturing, and sales of electric vehicles.

The Energy generation and storage segment includes the design, manufacture, installation, and sale or lease of stationary energy storage products and solar energy systems to residential and commercial customers, or sale of electricity generated by its solar energy systems to customers.

The Company produces and distributes two fully electric vehicles, the Model S sedan and the Model X sport utility vehicle (SUV). It also offers Model 3, a sedan designed for the mass market.

It develops energy storage products for use in homes, commercial facilities and utility sites.

Price Performance

Relative Valuation

Overall, the bias in prices is: Upwards.

The projected upper bound is: 475.27.

The projected lower bound is: 346.83.

The projected closing price is: 411.05.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 24 white candles and 26 black candles for a net of 2 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 30.1988. This is not an overbought or oversold reading. The last signal was a sell 3 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 47.34. 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 50 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 -15. This is not a topping or bottoming area. The last signal was a sell 4 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 0 period(s) ago.

Rex Takasugi – TD Profile

TESLA INC closed down -5.370 at 411.760. Volume was 100% below average (consolidating) and Bollinger Bands were 61% narrower than normal.

Open     High     Low     Close     Volume
415.050  423.000  409.520 411.760   123,802
Technical Outlook
Short Term:        Neutral
Intermediate Term: Bearish
Long Term:         Bullish
Moving Averages: 10-period     50-period     200-period
Close:           416.20        418.67        258.43
Volatility:      63            103           115
Volume:          27,082,284    52,256,004    76,768,448

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 59.3% above 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 9 periods.

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