Tesla stock: buy or sell
Updated on:
Jan 18th, 2021
1
Tesla stock brief
- Tesla closed last Friday at $826.16 after falling a -2.23%.
- The stock is configuring an uptrend pattern since August 2019, when it bottomed at $42.20. Up to date, price made a 1,857.73% profit since the beginning of this rally
- Edward Jones posted a hold rating for Tesla last Wednesday
- Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally.
Should I buy Tesla stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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?
In the current situation of Tesla there is not any eligible buy setup. This doesn't mean we expect a selloff for $TSLA in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Tesla stock?
Do you know when is it time to sell Tesla?. Trading strategies allow us to avoid impetuous decisions based on our personal moods or the buzz that surrounds the market. Our trading system selects very simple strategies to guide us on when is a good moment to sell our shares. Be aware that these strategies should not be used for shorting $TSLA stock
A golden rule is that you should never mantain an operation that yields higher than expected losses by the time of the buy. The moment 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 shares and your operation is in profit probably is not time to sell now
Tesla ratings
In the last month, 8 ratings were published for Tesla
| Brokerage firm | Rating |
|---|---|
| Dec 21st, 2020 | |
| JMP Securities | Buy |
| Wedbush | Neutral |
| Jan 4th, 2021 | |
| Deutsche Bank Aktiengesellschaft | |
| JPMorgan Chase & Co. | Sell |
| Jan 5th, 2021 | |
| BNP Paribas | Neutral → Sell |
| Exane BNP Paribas | Neutral → Sell |
| Jan 7th, 2021 | |
| Royal Bank of Canada | |
| Jan 13th, 2021 | |
| Edward Jones | Neutral |
Tesla stock analysis
Tesla shares started an uptrend in August 2019, and grew a gorgeous 1,857.73%. The price line shows higher peaks and higher troughs, and along the way provided some entry points for those who wanted to trade in. Latest pullback was last October, when price bounced at $379.11. Like in all uptrends, price needs to rest and currently price is consolidating the gains in a range between $884.49 and $379.11
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Since the price surpassed the upper band last Tuesday, the price has been corrected downwards by 4.82%
Relative strength index
After crossing up the overbought zone yesterday, sliced back below with a value of 66.28. This is a signal of weakness for the Tesla shares and it should tip us off of weakness in the price action
Tesla stock price history
Tesla went public on Jun 29th, 2010 at $3.80 per share1. Since then, TSLA stock surged by 21,641.05%, with an average of 2,164.11% per year. An investment of thousand dollars on Jun 2010 would be valued $217,410.53 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Tesla stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
The following table shows the price predictions posted by financial institutions over the last 30 days. Again, these forecasts are not direct recommendations for small traders and must not be trusted blindly.
There are 6 price forecasts published for Tesla that average $498.83. Tesla closed at $826.16 last Friday, that is a 65.62% than the forecasted price.
| Brokerage firm | Price target |
|---|---|
| Dec 21st, 2020 | |
| JMP Securities | $516.00 → $788.00 |
| Wedbush | $560.00 → $715.00 |
| Jan 4th, 2021 | |
| Deutsche Bank Aktiengesellschaft | $500.00 → $705.00 |
| JPMorgan Chase & Co. | $90.00 → $105.00 |
| Jan 5th, 2021 | |
| BNP Paribas | $385.00 → $340.00 |
| Exane BNP Paribas | $340.00 |
| Jan 7th, 2021 | |
| Royal Bank of Canada | Not available |
| Jan 13th, 2021 | |
| Edward Jones | Not available |
Earnings and financials
Last October, Tesla, Inc. ($TSLA) posted EPS for that significantly surpassed Wall St. expectations. Quarterly EPS was $0.76 per share compared to the forecasted $0.56. This quarterly report means an earnings surprise of 35.71%. Sales was $8.8 billion compared to $8.3 billion predicted by analysts.
This compares to Earnings of $0.37 per share same quarter last year, so current EPS means an increase of 105.41%. Looking at revenue, figures exploded a 39.16% compared to $63.0B same quarter a year ago.Tesla ($TSLA) posts Q4 earnings report on Wednesday next week. Market analysts analysts forecast of $0.95, that is a 25.00% higher than Q3.
Tesla competitors
Tesla is part of the Auto Manufacturers industry, where it has industry peers.
Tesla main competitors are:
| Company | Market cap | Rating | Bullish ratings1 |
|---|---|---|---|
| Tesla ($TSLA) | $691.7B | Neutral | 2 |
| Toyota Motor (TM) | $212.4B | Neutral | 0 |
| General Motors ($GM) | $61.5B | | 5 |
| Honda (HMC) | $48.6B | Neutral | 0 |
| Ford ($F) | $40.4B | | 1 |
1 In the last 30 days.
Tesla performance
To better understand Tesla stock performance you must compare its gains with other related stocks in same sector or industry.. For Tesla, the benchmark is made against Toyota Motor, General Motors, Honda and Ford.
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Tesla ($TSLA) | 31.50% | 81.80% | 171.90% |
| Toyota Motor (TM) | -3.70% | 13.60% | 16.70% |
| General Motors ($GM) | 19.60% | 52.00% | 90.70% |
| Honda (HMC) | -7.50% | 13.40% | 5.00% |
| Ford ($F) | 7.20% | 27.50% | 44.60% |
Important:
The viewpoints contained in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this article does not know the particular circumstances of the reader, his or her own 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 Viewpoints are provided for general educational purposes onlyTesla summary
| Friday, January 15th, 2021 | |
|---|---|
| Open | $852 |
| Close | $826.16 |
| Day range | $819.1 - $859.9 |
| Previous close | $845 |
| Session gain | -2.23% |
| Average true range | $50.19 |
| 50d mov avg | $608.55 |
| 100d mov avg | $514.64 |
| 200d mov avg | $366.03 |
| Earnings date | January 27th, 2021 |
Frequently asked questions
What is Tesla stock symbol?
Is Tesla stock a buy or sell?
Will TSLA go up?
Latest Tesla news
- InvestorPlaceTSLA News: Tesla Stock Hit Record on BIG Analyst CallNov 19, 2020
- InvestorPlaceStock Market Live Updates Thursday: Tesla Hits Record, Home Sales JumpNov 19, 2020
- CNN MoneyTesla calms fears with strong sales numbersOct 2, 2018
- CNN MoneyTesla stock roars backOct 1, 2018