Tesla stock: buy or sell

TSLA stock price: $620.83 -0.40% At close on Jun 21st, 2021

Updated on:
Jun 22nd, 2021

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Tesla stock brief

  • Tesla stock only moved -0.40% to close at $620.83 on the stock market on Monday, and broke a streak of 3 sessions in green.
  • 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?

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?

Currently, Tesla stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $TSLA will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Tesla stock?

How to know when is it time to sell Tesla stock?. Much like when we have to buy shares, determining when is appropiate to sell is not a random decision, and we must follow our own trading strategy. When selling, as well as buying, detailed setups are very simple to use but are only applicable for selling stocks you already own, not for selling short Tesla stock

As a golden rule, you should never mantain an open trade that results in losses greater than those expected by the time of purchase. The timing to sell shares must always be determined by the stop-loss (automatic or manual)

Is it time to sell Tesla stock?

In the current situation of Tesla there is not any eligible sell setup, so Tesla stock holders with operations in green can keep their positions

Tesla ratings

In the last month, 4 ratings were published for Tesla. General sentiment is bullish, with 3 out of 4 posting positive forecasts

Tesla analysts' ratings - Last 30 days
Brokerage firmRating
May 24th, 2021
Wells Fargo & Company
May 27th, 2021
Robert W. Baird Strong buy
Jun 6th, 2021
Wedbush Strong buy
Jun 14th, 2021
Canaccord Genuity Strong buy

Tesla stock analysis

SMAs overview

TSLA stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $717.85 (15.63% above)
  • R2: $780.79 (25.77% above)
  • R3: $900.40 (45.03% above)
  • The current support levels are:

  • S1: $591.01 (-4.80% below)
  • S2: $546.98 (-11.90% below)
  • S3: $539.49 (-13.10% below)
  • Bollinger bands

    The price is moving near to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a bearish indicator, as price can trade in these levels for many days and weeks

    TSLA stock Bollinger Bands chart

    Relative strength index

    The has been between the the levels of 30 and 70 for many weeks, and therefore, without this indicator really being helpful in making any decisions.

    TSLA stock RSI chart

    Tesla stock price history

    Tesla started trading priced at an adjusted price1 of $3.80 on Jun 2010. Since then, TSLA stock has risen by 16,237.63%, with an average of 1,623.76% per year. An investment of thousand dollars at that time would be valued $163,376.32 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 share will be priced tomorrow. Banks and financial organisations issue their analysis forecasting how a stock will performance in the future.

    Along with buy or sell recommendations, financial institutions post their price estimates based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new fundamental information by the company, and usually. Again, these predictions are not direct recommendations for individual traders and should not be trusted blindly.

    The average price target for Tesla stock calculated from the table below is $712.67. That is a 14.79% than the last price ($620.83).

    Tesla stock price predictions
    Brokerage firmPrice target
    May 24th, 2021
    Wells Fargo & Company $590.00
    May 27th, 2021
    Robert W. Baird $736.00
    Jun 6th, 2021
    Wedbush Not available
    Jun 14th, 2021
    Canaccord Genuity $812.00

    Earnings and financials

    Last April, Tesla, Inc. ($TSLA) reported adjusted EPS for that significantly uplifted Wall St. expectations. Quarterly EPS was $0.93 per share compared to the forecasted $0.79. This quarterly report means an earnings surprise of 17.72%. Revenue resulted of $10.4 billion in contrast to $11.4 billion predicted by market consensus.

    Compared to the same quarter last year, EPS was $0.23, so current EPS means a gain of 304.35%. Looking at turnover, figures skyrocketed a 73.58% compared to $59.9B same quarter 12 months ago.

    Tesla ($TSLA) is presenting quarterly financial report mid next July. Market forecasts of $0.96, compared to Q1 that made $0.93.

    Tesla performance

    TSLA performance compared
    Company1m3m6m
    Tesla ($TSLA) 4.10% -8.10% -7.20%

    Important note:
    The opinions given in this post are personal and not recommendations for you to buy or sell shares. The author of this report does not have any knowledge of the particular positions of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for informational motives only

    Tesla summary

    Monday, June 21st, 2021
    Open$624.48
    Close$620.83
    Day range$608.88 - $631.39
    Previous close$623.31
    Session gain-0.40%
    Average true range$24.62
    50d mov avg$645.94
    100d mov avg$682.36
    200d mov avg$614.06
    Earnings dateJuly 21st, 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 4 ratings in the last 30 days: 3 bullish, 0 bearish and 0 neutral.

    Will TSLA go up?

    Tesla had different price predictions issued by market analysts in the last month forecasting the target price to $712.67. That is a 14.79% than the last price ($620.83).

    Latest Tesla news