Tesla (TSLA, $272.28) sells emission credits to Fiat (FCAU, $15.55)
Fiat automobiles has agreed to pay several hundred million euros to Tesla, so the latter is counted in its fleet in a move to avoid violating European Union emission regulations.
However, neither of the companies haven’t yet disclosed the terms of the deal or how Fiat would make payments to Tesla.
According to Financial Times, the step will help Fiat bring down its carbon emission levels to permissible limit by pitting it against Tesla’s.
Tesla itself has made over $1 billion in the last three years by selling emission credits all over the U.S. Regulations allow a manufacturer of zero-emission vehicles to earn credits and sell excess credits to other manufacturers.
This has also allowed Tesla to report quarterly profits when otherwise it would have been losses. The company reported a poor sales result in its first quarter, as it struggled to roll out its new Model 3 delivers over transit issues.
TSLA in upward trend: price may ascend as a result of having broken its lower Bollinger Band on January 02, 2025
TSLA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 33 cases where TSLA's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 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 345 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 283 cases where TSLA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 28, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on TSLA as a result. In of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
TSLA moved below its 50-day moving average on February 03, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for TSLA crossed bearishly below the 50-day moving average on February 04, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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 .
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 low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TSLA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
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 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, (18.218). 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).
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a manufacturer of electric sports cars
Industry MotorVehicles