Expecting TSLA to break 310 before end of week. Production and sales numbers are once again above expectations and Tesla's annual AI Day is Sept 30, always a source of Tesla geek excitement.
I'm starting to see a pattern here Vic. You post an expectation and TSLA moves in the opposite direction. That's a great superpower to have at your disposal. Why not try predicting a drop in price and see what happpens.
I see a symetrical triangle (resistance at 378 on 4/4; support at 206 on 5/25) with breakout expected before mid November (apex at 288). Within the triangle, support was tested 5x, the last yesterday 9/29 at 265 and resistance once at 314 on 9/21. Historically (if we can call 3 years historical), TSLA highs have been in late Nov/Dec (makes sense). There's nothing to suggest it will be different this year within co. ecosystem (prod, sales, margins all up), though these are troubled times in the world. As a TSLA bull, I expect to see a price surge to test resistance again at slightly above 300 before mid October or, if shorts and option traders continue to pressure the stock to mid 280s, I expect the breakout in early November to above 330. There, you've got my 2 cents.
if you see a pattern...why aren't you buying puts or shorting tsla? put your money where your mouth is!
https://electrek.co/2022/10/02/tesla-tsla-delivered-a-record-343000-electric-cars-in-q3/ Tesla (TSLA) announced that it delivered a record 343,000 electric cars during the third quarter. The automaker also destroyed its previous production. Record and confirmed a change in its end-of-quarter delivery push. Today, Tesla released its delivery and production numbers for the third quarter of 2022. The company confirmed that it beat both its delivery and production records by significant margins with more than 343,000 vehicles delivered and over 365,000 vehicles produced over the last 3 months. Tesla confirmed that it produced almost 346,000 Model 3 and Model Y vehicles and delivered roughly 325,000 of them. As for the flagship and more expensive Model S and Model X, Tesla delivered 18,672 units on a production a few units short of 20,000. This means that Tesla has over 20,000 new vehicles in inventory at the end of the quarter, which is high for the automaker. However, all of those vehicles are already sold and are in transit. Tesla confirmed that it couldn’t secure transport at reasonable prices during its end-of-quarter delivery rush and it resulted in more vehicles in transit: Historically, our delivery volumes have skewed towards the end of each quarter due to regional batch building of cars. As our production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks. In Q3, we began transitioning to a more even regional mix of vehicle builds each week, which led to an increase in cars in transit at the end of the quarter. These cars have been ordered and will be delivered to customers upon arrival at their destination. Tesla has previously communicated to employees that it wants to prioritize costs over delivery numbers during its end of quarter pushes. The automaker still managed to achieve a delivery record – beating its last by over 30,000 units. However, these vehicles in transit resulted in a miss on expectations as most of them were between 350,000 and 370,000 vehicles this quarter. With the vehicles in transit, Tesla would have hit the higher end of expectations. Electrek recently reported that Tesla focused on fleet deliveries at the end of the quarter.
Sorry I haven't followed Tesla closely for about a year...Just a bit from the sidelines. But I do have some questions some of you may be able to answer. Have they increased the number of service centers (outside contractors) over the year in the US?? Have they figured out their recycling situation...Things like parts that can be recycled and parts that need to be buried somewhere in the desert?? What truly has happened to the China plant and their service centers there?? Is the California plant running more efficiently than previous years?? Thanks...
But I do have some questions some of you may be able to answer. Have they increased the number of service centers (outside contractors) over the year in the US?? Tesla currently operates over 673 stores and service centers and a fleet of 1,372 mobile service vehicles to service over 2 million electric vehicles – and growing fast.6 Jun 2022 https://electrek.co › 2022/06/06 › te... Tesla is aiming to improve service and make majority of appointments same ... Have they figured out their recycling situation...Things like parts that can be recycled and parts that need to be buried somewhere in the desert?? How much of Tesla battery can be recycled? 100% None of our scrapped lithium-ion batteries go to landfilling, and 100% are recycled. https://www.tesla.com › support › su... Sustainability | Tesla What truly has happened to the China plant and their service centers there?? How many Tesla Service Centers in China? Tesla's Internal Body Shops, which are capable of addressing vehicle repairs, now have 14 sites across the country, and they are poised to expand in the near future. These should help complement the ongoing expansion of Tesla's Service Centers, which now number 130 in China.18 Jan 2022 https://www.teslarati.com › News Tesla China highlights its customer service efforts and ratings in new video Is the California plant running more efficiently than previous years?? In June, the factory reached its highest daily output ever, and so far has apparently been able to break the previously set record. With a production capacity of 12,000 vehicles per week, this should equate to 1,714 units per day. For comparison, in 2021, Fremont produced an average of 1,221 vehicles per day.9 Sept 2022 https://www.tesmanian.com › blogs Tesla Fremont Produces 12K Cars a Week & Plans to Hit 14K, per Leaked Thanks...