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Sergey Savastiouk's Avatar
published in Blogs
Dec 30, 2022

Tesla (TSLA, $121.82) gets a 10-pointer turnaround list from Wedbush analyst

Amidst concerns over softening demand for Tesla Inc.’s vehicles and CEO Elon Musk’s rocky rule at Twitter so far, Wedbush analyst Daniel Ives laid out his list of 10 things for a turnaround in sentiment in 2023 around Tesla shares

Ives’ 10-pointer list includes the following:

  • Musk naming a CEO for Twitter by January-end.
  • Musk pausing his Tesla stock sales, and formally adopting a plan for when he will sell shares, known as a 10b5-1. (Musk has sold nearly $40 billion in stock since November 2021).
  • Have a conservative 2023 delivery forecast; according to Ives, 35% growth is a more realistic goal instead of the current 50% growth outlook
  •  Musk increasing his attention back to Tesla, as he is the “heart and lungs” of the company.
  • Announce that Cybertruck will start deliveries by the end of 2023.
  • Alter the composition of the board of directors, to bring in people with some more experience in tech and EV leadership.
  • Announce a major stock repurchase program.
  • Enhance transparency around financial metrics and margin structure.
  • Musk remaining apolitical on Twitter
  • Lay out a strategic plan for Twitter.  Tesla investors currently fear that Twitter bleeding more money with advertisers fleeing (for now) could cause Musk to sell more Tesla stock.

 

Related Ticker: TSLA

TSLA's Indicator enters downward trend

The Aroon Indicator for TSLA entered a downward trend on March 11, 2025. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 154 similar instances where the Aroon Indicator formed such a pattern. In of the 154 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where TSLA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 11 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TSLA advanced for three days, in of 344 cases, the price rose further within the following month. The odds of a continued upward trend are .

TSLA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock slightly better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. TSLA’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (8.905) is normal, around the industry mean (6.202). P/E Ratio (40.726) is within average values for comparable stocks, (17.826). Projected Growth (PEG Ratio) (2.067) is also within normal values, averaging (5.723). TSLA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.042). P/S Ratio (6.305) is also within normal values, averaging (77.712).

Notable companies

The most notable companies in this group are Tesla (NASDAQ:TSLA), Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), NIO Inc. (NYSE:NIO).

Industry description

Automobiles continue to be arguably the most popular form of passenger travel in the U.S., and major automobile makers have revenues and market capitalizations running into multi-billions. In recent years, the industry has been experiencing some path-breaking innovations like electric vehicles and self-driving technology. While there are long-standing companies like General Motors, Ford, and Toyota Motors operating in this space, there are also emerging/rapidly growing players like Tesla – which has had a major role in the growing popularity of the electric vehicle market. With technological advancements taking steam in the auto space, we’ve also witnessed collaborations (or talks of potential partnerships) of carmakers with tech behemoths like Google’s subsidiary, Waymo.

Market Cap

The average market capitalization across the Motor Vehicles Industry is 34.29B. The market cap for tickers in the group ranges from 2.49M to 559.85B. TSLA holds the highest valuation in this group at 559.85B. The lowest valued company is EVTGF at 2.49M.

High and low price notable news

The average weekly price growth across all stocks in the Motor Vehicles Industry was 0%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was -3%. CENN experienced the highest price growth at 39%, while MULN experienced the biggest fall at -50%.

Volume

The average weekly volume growth across all stocks in the Motor Vehicles Industry was 39%. For the same stocks of the Industry, the average monthly volume growth was 106% and the average quarterly volume growth was 167%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 42
P/E Growth Rating: 63
Price Growth Rating: 60
SMR Rating: 66
Profit Risk Rating: 85
Seasonality Score: -13 (-100 ... +100)
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