TSLA needs to hold $1308-$1363 next few weeks.

2020年7月24日

DISCLOSURE: Tesla is my biggest holding.

CHARTS
TSLA had a big bearish candle yesterday and gapped down today. Early next week will give some signs where it is going (No shit!).
It now needs to hold $1363 close on July 8th (or the low of the day which was $1308), If it does it is likely range bound again $300 - $400 betwee $1308 - $1690 until battery day in Sept.
It's clear the Profit in Earnings for Q2 was priced in. It's also likely that it if is added to the S and P this month or next that is somewhat priced in as well.
If it does not hold $1363/$1308 it could fall to $1007, which is next line of support.

NEWS
BATTERY DAY
(I know this is from June 30 but it still is relevant)
cnbc.com/2020/06/30/tesla-and-the-science-of-low-cost-next-gen-ev-million-mile-battery.html

• The future of the auto industry may boil down to the difference made by a single letter: R. As in, the difference between a lithium-ion battery, like those found in today’s electric vehicles made by Tesla and others, and the lithium-iron phosphate batteries coming soon to market.

• “If you’re talking about batteries that can last twice as long for the same price, it completely changes the math for the consumer,” says Wedbush Securities analyst Dan Ives. “Iron phosphate batteries are safer, and they can have second or third lives as electricity storage.″

• “We want to leave the exciting news for that day, but there will be a lot of exciting news to tell,” Musk said on the company’s first-quarter earnings call. “I think it would be one of the most exciting days in Tesla’s history.”

S AND P INCLUSION
youtube.com/watch?v=3v-FFbdd_VM&t=433s
This is my summary but anyone with more experience please correct me:
• S and P Funds can add TSLA before inclusion in S and P
• When TSLA is added, AND the fund DOES NOT hold TSLA, they have 3 days to add it

ANALYSTS UPGRADES
I don't see this doing much for the stock.

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