Tesla stock: buy or sell

TSLA stock price: $687.20 1.45% At close on Jul 30th, 2021

Updated on:
Aug 1st, 2021

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Tesla stock brief

  • Counting on Friday, it's been 3 consecutive sessions in positive for Tesla. Price closed on Friday at $687.20 after moving up a 1.45%.
  • The price is currently above the upper Bollinger band, which often indicates a near-term correction
  • Last Monday, Tesla made public its Q2 earnings report
  • Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally.

Should I buy Tesla stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $TSLA stock a buy?

Currently, Tesla stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $TSLA in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell Tesla stock?

"To sell or not to sell", if you are holding Tesla shares?. Similarly to when we have to buy shares, choosing when is appropiate to sell is not a whimsical decision, and we must follow our own trading style. When selling, as well as buying, detailed strategies are very simple to follow but are only valid for selling shares you already own, not for selling short $TSLA stock

A golden rule is that you should never hold an investment that generates higher than expected losses by the time of the buy. The timing to sell shares should always be determined by the stop-loss (automatic or manual)

Is it time to sell Tesla stock?

Currently, Tesla stock doesn't match any of our preferred sell setups, so if you hold Tesla stock and your operation is in profit probably is not time to sell now

Tesla ratings

We don't have any rating published in the previous month for Tesla

Tesla stock analysis

SMAs overview

TSLA stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $717.85 (4.46% above)
  • R2: $780.79 (13.62% above)
  • R3: $900.40 (31.02% above)
  • The current support levels are:

  • S1: $635.59 (-7.51% below)
  • S2: $591.01 (-14.00% below)
  • S3: $571.22 (-16.88% below)
  • Bollinger bands

    Price readings above or below the Bollinger Bands signal that the price has followed a strong trend that has led to extreme upward or downward values. In this case, the price is beyond the upper band, which should mean a possible short-term adjustment (at least) until it is under the band

    TSLA stock Bollinger Bands chart

    Relative strength index

    The has been between the levels of 70 and 30 for many weeks, and therefore, without this indicator really serving to help us make any decisions.

    TSLA stock RSI chart

    Tesla stock price history

    Tesla went public priced at an adjusted price1 of $3.80 on Jun 2010. Since then, TSLA stock has risen by 17,984.21%, with an average of 1,634.93% per year. An investment of $1,000USD on the IPO would be valued $180,842.11 today.

    1: Adjusted price after possible price splits or reverse-splits

    TSLA stock price history chart

    Price target for Tesla stock

    Nobody knows how much a stock will be priced in the future. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions post their price target based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new financial information by the company, and many times. If you are a small investor you don't have to invest based on these forecasts.

    We don't have any target price posted in the previous 4 weeks for Tesla.

    Earnings and financials

    Tesla, Inc. ($TSLA) reported earnings of $1.45 per share last Monday, significantly beating the analysts consensus estimate of $0.96 per share. This quarterly report means an earnings surprise of 51.04%.

    Compared to the same quarter one year ago, EPS was $0.44, so posted EPS is a improvement of 229.55%. Sales exploded a 98.11% on an annualized basis in the , from $60.4B to $119.6B last quarter.

    Tesla ($TSLA) is hosting the Q3 earnings call next October. Wall Street predicts of $1.20, compared to Q2 that made $1.45.

    Tesla performance

    TSLA performance compared
    Company1m3m6m
    Tesla ($TSLA) 0.50% -2.40% -15.60%

    Disclaimer:
    The viewpoints expressed in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not know the individual circumstances of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for informational reasons only

    Tesla summary

    Friday, July 30th, 2021
    Open$671.76
    Close$687.2
    Day range$669 - $697.53
    Previous close$677.35
    Session gain1.45%
    Average true range$25.94
    50d mov avg$636.75
    100d mov avg$654.31
    200d mov avg$648.32
    Earnings dateOctober 19th, 2021

    Frequently asked questions

    What is Tesla stock symbol?

    Tesla, Inc. is a public company trading in the US stock market with the TSLA symbol

    Is Tesla stock a buy or sell?

    Tesla had no ratings in the last 4 weeks Read the article to get additional tips on trading TSLA stock.

    Will TSLA go up?

    There were no predictions posted by market analysts in the last 30 days for Tesla.

    Latest Tesla news