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TSLA
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
782.74B

TSLA Tesla Forecast, Technical & Fundamental Analysis

a manufacturer of electric sports cars

Industry MotorVehicles
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for TSLA with price predictions
08:00 PM EDT Oct 02, 2023

TSLA in downward trend: 10-day moving average crossed below 50-day moving average on October 02, 2023

The 10-day moving average for TSLA crossed bearishly below the 50-day moving average on October 02, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 22, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on TSLA as a result. In of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for TSLA turned negative on September 22, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

TSLA moved below its 50-day moving average on October 03, 2023 date and that indicates a change from an upward trend to a 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 of 62 cases within the following month. The odds of a continued downward trend are .

TSLA broke above its upper Bollinger Band on September 11, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 44 cases where TSLA's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TSLA advanced for three days, in of 353 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 332 cases where TSLA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

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 86, placing this stock 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 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 PE Growth Rating for this company is (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.

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 (15.625) is normal, around the industry mean (6.878). TSLA has a moderately high P/E Ratio (71.429) as compared to the industry average of (20.713). Projected Growth (PEG Ratio) (2.165) is also within normal values, averaging (5.663). TSLA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.041). P/S Ratio (9.302) is also within normal values, averaging (51.435).

A.I.Advisor
published Highlights

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 34.1B. The market cap for tickers in the group ranges from 2.49M to 782.74B. TSLA holds the highest valuation in this group at 782.74B. 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 -3%. For the same Industry, the average monthly price growth was -9%, and the average quarterly price growth was 116%. PEV experienced the highest price growth at 88%, while RIDEQ experienced the biggest fall at -55%.

Volume

The average weekly volume growth across all stocks in the Motor Vehicles Industry was -17%. For the same stocks of the Industry, the average monthly volume growth was -28% and the average quarterly volume growth was 23%

Fundamental Analysis Ratings

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

Valuation Rating: 47
P/E Growth Rating: 68
Price Growth Rating: 60
SMR Rating: 66
Profit Risk Rating: 85
Seasonality Score: 35 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

TSLA is expected to report earnings to fall 14.05% to 78 cents per share on October 18

Tesla TSLA Stock Earnings Reports
Q3'23
Est.
$0.78
Q2'23
Beat
by $0.12
Q1'23
Missed
by $0.01
Q4'22
Beat
by $0.04
Q3'22
Beat
by $0.05
The last earnings report on July 19 showed earnings per share of 91 cents, beating the estimate of 79 cents. With 99.44M shares outstanding, the current market capitalization sits at 782.74B.
A.I. Advisor
published General Information

General Information

a manufacturer of electric sports cars

Industry MotorVehicles

Profile
Fundamentals
Details
Industry
Motor Vehicles
Address
1 Tesla Road
Phone
+1 512 516-8177
Employees
127855
Web
https://www.tesla.com
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TSLA and

Correlation & Price change

A.I.dvisor indicates that over the last year, TSLA has been loosely correlated with RIVN. These tickers have moved in lockstep 57% of the time. This A.I.-generated data suggests there is some statistical probability that if TSLA jumps, then RIVN could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TSLA
1D Price
Change %
TSLA100%
-1.98%
RIVN - TSLA
57%
Loosely correlated
-8.37%
LCID - TSLA
53%
Loosely correlated
-2.98%
RACE - TSLA
48%
Loosely correlated
-0.69%
HMC - TSLA
45%
Loosely correlated
-2.68%
TM - TSLA
45%
Loosely correlated
-2.70%
More

Groups containing TSLA

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TSLA
1D Price
Change %
TSLA100%
-1.98%
electric cars
(undefined stocks)
100%
Closely correlated
-2.11%
Motor Vehicles
(undefined stocks)
67%
Closely correlated
-1.88%
charging batteries
(undefined stocks)
66%
Closely correlated
-1.92%
expanding cleantech
(undefined stocks)
65%
Loosely correlated
-1.49%
batteries
(undefined stocks)
63%
Loosely correlated
-1.33%
More