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Tesla (TSLA, $678.68) delivers 201,250 vehicles in Q2, topping estimates
Electric carmaker Tesla reported second-quarter deliveries of 201,250 vehicles, marginally exceeding analysts’ consensus expectation of 200,900.
The number of vehicles Tesla delivered were 9% higher quarter-over-quarter and 122% more year-over-year. The Q2 deliveries included 199,3560 Model 3/Y's and 1,890 Model S/X's.
The automaker produced 206,421 vehicles during the second quarter, which implies a +14% increase quarter-over quarter and a +151% increase year-over year. Production for Model 3/Y in Q2 was 204,421 and production for Model S/X totaled 2,340.
Tesla produced around 5,200 more vehicles than it delivered during the second quarter. However, inventories were at multi-year low to begin the quarter.
TSLA in upward trend: price may jump up because it broke its lower Bollinger Band on May 11, 2022
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 29 of 36 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 81%.
Current price $707.73 is below $1134.04 the lowest support line found by A.I. Throughout the month of 04/26/22 - 05/26/22, the price experienced a -19% Downtrend. During the week of 05/19/22 - 05/26/22, the stock fell -0.24%.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where TSLA's RSI Indicator exited the oversold zone, 16 of 20 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 80%.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 13 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 +12.67% 3-day Advance, the price is estimated to grow further. Considering data from situations where TSLA advanced for three days, in 251 of 324 cases, the price rose further within the following month. The odds of a continued upward trend are 77%.
TSLA moved below its 50-day Moving Average on May 05, 2022 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 May 03, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 13 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 69%.
The 50-day Moving Average for TSLA moved below the 200-day moving average on May 26, 2022. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
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 50 of 62 cases within the following month. The odds of a continued downward trend are 73%.
The Aroon Indicator for TSLA entered a downward trend on May 26, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 69%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.38.
The Tickeron Profit vs. Risk Rating rating for this company is 24 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 63 (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 88 (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: TSLA's P/B Ratio (21.505) is very high in comparison to the industry average of (2.975). P/E Ratio (96.154) is within average values for comparable stocks, (99.061). Projected Growth (PEG Ratio) (1.651) is also within normal values, averaging (4.750). TSLA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.033). P/S Ratio (12.920) is also within normal values, averaging (141.788).
The Tickeron SMR rating for this company is 96 (best 1 - 100 worst), indicating weak sales and an unprofitable 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 PE Growth Rating for this company is 97 (best 1 - 100 worst), pointing to worse than average 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.
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.
The average market capitalization across the Motor Vehicles Industry is 30.9B. The market cap for tickers in the group ranges from 4.3M to 650.8B. TSLA holds the highest valuation in this group at 650.8B. The lowest valued company is GKIT at 4.3M.
- 5/25/22 7:32 AM: Tesla (TSLA, $628.16) saw a $89.8B market cap decrease this week
- 5/19/22 8:24 AM: Tesla (TSLA, $709.81), market cap dropped by $53.7B
- 5/18/22 5:18 AM: Tesla (TSLA, $761.61) saw a $78.4B market cap decrease this week
The average weekly price growth across all stocks in the Motor Vehicles Industry was -0.2%. For the same Industry, the average monthly price growth was -5.18%, and the average quarterly price growth was -28.31%. GWLLF experienced the highest price growth at 15.13%, while RIDE experienced the biggest fall at -21.28%.
- 5/5/22 4:57 AM: Tesla (TSLA, $952.62) was a top weekly gainer, with a +8.07% jump
- 4/9/22 5:29 AM: Tesla (TSLA, $1,025.49) was a top loser this week, declining -5.45%
- 3/19/22 4:49 AM: Tesla (TSLA, $905.39) was a top weekly gainer, with a +13.84% jump
The average weekly volume growth across all stocks in the Motor Vehicles Industry was -30.25%. For the same stocks of the Industry, the average monthly volume growth was -26.86% and the average quarterly volume growth was 1.36%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MA200MA50 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 54%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.32.
40 stocks in the group of tickers exhibit a similar negative trend based on the Declines indicator with an average likelihood of 73%.
The most notable companies in this group are Tesla (NASDAQ:TSLA), General Motors Company (NYSE:GM), Ford Motor Company (NYSE:F), NIO (NYSE:NIO), Harley-Davidson (NYSE:HOG).
The average market capitalization across the group is 39.1B. The market cap for tickers in the group ranges from 302.4K to 682.5B. TSLA holds the highest valuation in this group at 682.5B. The lowest valued company is RCIT at 302.4K.
- 5/25/22 7:32 AM: Tesla (TSLA, $628.16) saw a $89.8B market cap decrease this week
- 5/25/22 7:32 AM: Great Wall Motor (GWLLF, $1.58), market cap jumped by $22.8B
- 5/19/22 8:24 AM: Tesla (TSLA, $709.81), market cap dropped by $53.7B
The average weekly price growth across all stocks in the group was 0.91%. For the same group, the average monthly price growth was 1.52%, and the average quarterly price growth was -26.49%. GWLLF experienced the highest price growth at 15.13%, while MPIR experienced the biggest fall at -35.71%.
- 5/25/22 7:32 AM: Lordstown Motors (RIDE, $1.82) is a top weekly loser for penny stocks, falling -23.85%
- 5/24/22 7:00 AM: NIO (NIO, $16) was a top weekly gainer, with a +9.97% jump
- 5/21/22 6:31 AM: Fisker (FSR, $11.07) was a top weekly gainer, with a +12.39% jump
The average weekly volume growth across all stocks in the group was 74.71%. For the same stocks of the group, the average monthly volume growth was 28.35% and the average quarterly volume growth was 100.22%
- 5/21/22 6:24 AM: The volume for Volkswagen A G stock increased for one day, resulting in a record-breaking daily growth of 202% of the 65-Day Volume Moving Average
- 5/14/22 4:16 AM: The volume for Lordstown Motors stock increased for one day, resulting in a record-breaking daily growth of 292% of the 65-Day Volume Moving Average
- 5/12/22 5:32 AM: The volume for Canoo stock increased for one day, resulting in a record-breaking daily growth of 207% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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