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Tesla Inc trading signal - TSLA

US Stock Price Signals and Analysis

Good Morning Traders,

Today, November 02,  Lift-Off offers a SHORT trading signal on the US stock Tesla Inc (Ticker: TSLA) listed on the NASDAQ and part of the S&P500 Index.

The stock is set to close at $214.98 per share, marking a -5.64%.

The company operates in the "Consumer Durable Goods" sector particularly in the "Motor Vehicle Industry"

Financial strength figures are very good, Cash-To-Debt figure is 3.59, WACC vs ROIC is good with ROIC above WACC. Financial stress indicators are high, so positive.

Profitability level figures are high.

Future 3-year projection is very good on the upside.

Right now the price is undervalued compared to the intrinsic value attributed to it, beware though that very high PE Ratio of 66.86.

Turnover year-on-year is up, as is net income from 2020, also good quarter-on-quarter, only Q2'22 suffered a small drop in turnover compared to the previous quarter.

Debt is down year-on-year and liquidity is up quarter-on-quarter, so very good sign of company's strength.

Although the company is excellent, at this market moment with the current macroeconomic data, we expect further decline in the price.

Next earnings announcement for Q4 2022: January 25, 2023 

EPS: Reported 1.05 / Expected 1.00 

Turnover: Reported 21.45B / Expected 21.98B

Below chart of Tesla Inc - TSLA - with signal detected by Lift-Off 

Some information about Tesla Inc

Tesla, Inc. is engaged in the design, development, manufacture and sale of all-electric vehicles and energy generation and storage systems.

It also provides vehicle service centers, Supercharger stations and autonomous driving capabilities. The company through the Automotive sector designs, develops, manufactures, sells, and leases electric vehicles, as well as sales automotive regulatory credits.

While the Energy Generation and Storage sector includes the design, manufacture, installation, sale, and lease of stationary energy storage products and solar energy systems, and the sale of electricity generated by its solar energy systems to customers. It develops energy storage products for use in homes, commercial facilities, and utility sites.

The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003, and is headquartered in Austin, Texas.
 

Financial Overview: The current TSLA market cap is 719.399B USD. Next Tesla, Inc earnings date is January 25, the estimation is 1.30 USD.

Accounts, including revenue, expenses, profit and loss: The total revenue of TSLA for the last quarter is 21.45B USD, and it's 26.69% higher compared to the previous quarter. The net income of Q3 22 is 3.29B USD.

Overview data and accounts source: Tradingview.com

Signal Board of November 02, 2022

SHORT - Tesla Inc - TSLA

Input price: $214.98 (and any opening price)

Price stop loss or adjustment zone: $260.00

Price take profit zone 1: $192.55 (possibility to close all or part of the position)

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