Tesla stock: buy or sell

TSLA stock price: $744.12 3.50% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

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Tesla stock brief

  • Tesla closed on Wednesday at $744.12 after skyrocketing a 3.50%.
  • The stock is configuring an uptrend pattern since August 2019, when it bottomed at $42.20. This rally marked a 1,663.32% gain
  • Mizuho posted a strong buy rating for Tesla on Tuesday
  • 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?

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 climb 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?. As when we have to buy shares, choosing when is appropiate to sell is not a capricious decision, and we must follow our own trading strategy. 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 are not intended for shorting $TSLA stock

A guiding principle is that you should not hold an investment that produces greater losses than those expected by the time of the buy. The moment to sell shares should always be dictated 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

In the last month, 10 brokerage ratings were published for Tesla. General sentiment is bullish, with 8 out of 10 posting optimistic outlooks

Tesla analysts' ratings - Last month
Brokerage firmRating
Mar 29th, 2021
Jefferies Financial Group Neutral
Apr 4th, 2021
Mizuho Strong buy
Wedbush Strong buy
Apr 5th, 2021
JPMorgan Chase & Co. Sell
Apr 6th, 2021
Morgan Stanley Strong buy
Apr 9th, 2021
Wedbush Strong buy
Apr 12th, 2021
Canaccord Genuity NeutralStrong buy
Apr 19th, 2021
Canaccord Genuity NeutralStrong buy
The Goldman Sachs Group Strong buy
Apr 20th, 2021
Mizuho Strong buy

Tesla stock analysis

Since in August 2019, Tesla has been drawing an uptrend that so far marked a gorgeous 1,663.32%. During this uptrend, the price gave some entry points on the breakouts. Latest low was in late March, when price bounced at $591.01. Like in all uptrends, price needs to rest and now price is consolidating the gains in a range between $780.79 and $591.01

SMAs overview

TSLA stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $780.79 (4.93% above)
  • R2: $900.40 (21.00% above)
  • The current supports are:

  • S1: $717.85 (-3.53% below)
  • S2: $591.01 (-20.58% below)
  • S3: $539.49 (-27.50% below)
  • Bollinger bands

    Since the price surpassed the upper band on April 13, the price has been corrected downwards by 2.47%

    TSLA stock Bollinger Bands chart

    Relative strength index

    The RSI crossed up the oversold level of 30 in early March after just being in the oversold zone for just one day (what can be considered a strength signal). The RSI reading on Wednesday was 58.13. Since then, Tesla price exploded a 32.17%

    TSLA stock RSI chart

    Tesla stock price history

    Tesla started trading on Jun 29th, 2010 priced at $3.80 per share1. Since then, TSLA stock surged by 19,482.11%, with an average of 1,948.21% per year. An investment of $1,000USD on the IPO would worth $195,821.05 nowadays.

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

    TSLA stock price history chart

    Price target for Tesla stock

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

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

    The average price target for Tesla stock calculated from the table below is $726.00. That is a 2.44% than the last price ($744.12).

    Tesla stock price predictions
    Brokerage firmPrice target
    Mar 29th, 2021
    Jefferies Financial Group $775.00$700.00
    Apr 4th, 2021
    Mizuho $775.00
    Wedbush $1,000.00
    Apr 5th, 2021
    JPMorgan Chase & Co. $135.00$155.00
    Apr 6th, 2021
    Morgan Stanley Not available
    Apr 9th, 2021
    Wedbush $1,000.00
    Apr 12th, 2021
    Canaccord Genuity Not available
    Apr 19th, 2021
    Canaccord Genuity Not available
    The Goldman Sachs Group Not available
    Apr 20th, 2021
    Mizuho Not available

    Earnings and financials

    Tesla ($TSLA) hosted the quarterly financial call and released the report last January. Tesla presented earnings of $0.80 per share on revenue of $10.7 billion. The Wall St estimate was $1.01 per share on revenue of $10.3 billion.

    Same quarter one year ago, reported EPS was $0.41, so recently posted EPS means a gain of 95.12%. Revenue exploded a 45.50% on an annualized basis in the , from $73.8B to $107.4B last quarter.

    Tesla ($TSLA) is hosting the quarterly earnings call next Wednesday. Analysts predict of $0.78, that is a 2.50% lower than previous quarter.

    Tesla performance

    TSLA performance compared
    Company1m3m6m
    Tesla ($TSLA) 10.10% -13.00% 72.30%

    Disclaimer:
    The comments given in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this text does not know the particular circumstances of the reader, his or her own 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 Thoughts are posted for education reasons only

    Tesla summary

    Wednesday, April 21st, 2021
    Open$704.77
    Close$744.12
    Day range$698 - $744.84
    Previous close$718.99
    Session gain3.50%
    Average true range$39.72
    50d mov avg$698.97
    100d mov avg$716.27
    200d mov avg$551.88
    Earnings dateApril 28th, 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 10 ratings in the last 30 days: 8 bullish, 1 bearish and 1 neutral.

    Will TSLA go up?

    Tesla had different price predictions issued by analysts in the last 4 weeks forecasting the target price to $726.00. That is a 2.44% than the current price ($744.12).

    Latest Tesla news