Tesla stock: buy or sell

TSLA stock price: $826.16 -2.23% At close on Jan 15th, 2021

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

Tesla analysts' ratings - Last 30 days
Brokerage firmRating
Dec 21st, 2020
JMP Securities Buy
Wedbush Neutral
Jan 4th, 2021
Deutsche Bank Aktiengesellschaft Strong buy
JPMorgan Chase & Co. Sell
Jan 5th, 2021
BNP Paribas NeutralSell
Exane BNP Paribas NeutralSell
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

TSLA stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $884.49 (7.06% above)
  • The current supports are:

  • S1: $502.49 (-39.18% below)
  • S2: $465.90 (-43.61% below)
  • S3: $379.11 (-54.11% below)
  • Bollinger bands

    Since the price surpassed the upper band last Tuesday, the price has been corrected downwards by 4.82%

    TSLA stock Bollinger Bands chart

    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

    TSLA stock RSI chart

    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

    TSLA stock price history chart

    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.

    Tesla stock price predictions
    Brokerage firmPrice 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:

    Tesla competitors
    CompanyMarket capRatingBullish ratings1
    Tesla ($TSLA) $691.7B Neutral 2
    Toyota Motor (TM) $212.4B Neutral 0
    General Motors ($GM) $61.5B Strong buy 5
    Honda (HMC) $48.6B Neutral 0
    Ford ($F) $40.4B Strong buy 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.

    TSLA performance compared
    Company1m3m6m
    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 only

    Tesla 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 dateJanuary 27th, 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 received 8 ratings in the last 30 days: 2 bullish, 3 bearish and 2 neutral.

    Will TSLA go up?

    Tesla had different price predictions posted by analysts in the last 4 weeks setting the target price to $498.83. That is a 39.62% than the current price ($826.16).

    Latest Tesla news