{"id":14474,"date":"2021-08-30T07:45:00","date_gmt":"2021-08-30T06:45:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=14474"},"modified":"2021-08-30T18:18:08","modified_gmt":"2021-08-30T17:18:08","slug":"tesla-technical-analysis-possible-price-surge-coming","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/tesla-technical-analysis-possible-price-surge-coming\/","title":{"rendered":"Tesla Technical Analysis – Possible Price Surge Coming"},"content":{"rendered":"\t\t
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Tesla<\/a>\u2019s share price could be set to explode soon, as three key fundamental reasons provide a compelling reason why the world\u2019s largest electric car maker could hit new all-time highs.<\/p>

Firstly, CEO Elon Musk now says the EV maker’s Full Self Driving beta will be available to the general public in around four weeks. Full Self Driving refers to Tesla’s level 2 driver assistance software, which requires driver supervision at all times.<\/p>

It should be noted that Level 4 and 5\u00a0are considered high automation in which the driver is no longer a necessity, according to the National Highway Traffic Safety Administration, citing the Society of Automotive Engineers. However, the move is seen as a step closer to full automation, an arena which Tesla is currently leading the way.<\/p>

In a tweet on Wednesday afternoon, Musk said: “We should be there with Beta 10, which goes out a week from Friday (no point releases this week). It will have a completely retrained NN, so will need another few weeks after that for tuning & bug fixes. Best guess is public beta button in ~4 weeks.”<\/p>

Secondly, Tesla filed an application with the Texas Public Utility Commission to sell electricity in the state last week. The application follows the start of a big battery build out by Tesla in Angleton, Texas.<\/p>

This could be another potentially lucrative industry for Tesla, and Texas in particularly, one of the largest in the United States uses vast amount of power, and recently suffered a major power outage, due a nasty cold snap this winter.<\/p>

Thirdly, Tesla\u2019s satellites are connecting the world like never from space. Tesla is a pioneer in this space, and with the increase of the internet across the world Tesla\u2019s market share is set to grow which provides a compelling case for more revenue generation for Tesla.<\/p>

Tesla Short-term Technical Analysis<\/strong><\/p>

According to the four-hour time frame Tesla\u2019s stock price is more bullish than bearish, with the price making important higher highs and lower lows since May, keeping the bullish short-term dynamic in play.<\/p>

Additionally, the CCI and RSI indicators remain bullish, and suggest a solid dip-buying tone behind the stock to underpin any pullback, and potential push Tesla forward to the $780.00 area.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Tesla Medium-term Technical Analysis<\/strong><\/p>

According to the daily time frame Tesla\u2019s stock price has staged a breakout from a large descending triangle pattern. The breakout continues to hold despite relatively soggy upside momentum above the triangle.<\/p>

If the broader stock market rallies I suspect Tesla will head back to all-time highs, and with improving fundamentals the technical do look good. The caveat here is that Tesla\u2019s price is very much dependant on COVID-19, the USA and China, and how investors are rating the state of the world economy.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Tesla\u2019s share price could be set to explode soon, as three key fundamental reasons provide a compelling reason why the world\u2019s largest electric car maker could hit new all-time highs. Firstly, CEO Elon Musk now says the EV maker’s Full Self Driving beta will be available to the general public in around four weeks. Full […]<\/p>\n","protected":false},"author":4,"featured_media":14475,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[262,61],"yoast_head":"\nTesla Technical Analysis - Possible Price Surge Coming - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/tesla-technical-analysis-possible-price-surge-coming\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla Technical Analysis - Possible Price Surge Coming\" \/>\n<meta property=\"og:description\" content=\"Tesla\u2019s share price could be set to explode soon, as three key fundamental reasons provide a compelling reason why the world\u2019s largest electric car maker could hit new all-time highs. 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