Tesla Stock Forecast: TSLA Crashes Below $900, Closes 3.5% Down

Tesla Stock Forecast: TSLA Crashes Below $900, Closes 3.5% Down

US Politics
December 21, 2021 by Mitchell Jhon
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Tesla Stock Forecast : Overall recommendation for Tuesday is Hold. On Tuesday, analysts predict an average support price of $ 874 and an average resistance of $ 911. 3 out of the 5 Momentum Indicators is Positive. 1 of the 5 Indicators are Negative 3 Analysts TESLA closed 3.5% lower at $ $899.94 in the

Tesla Stock Forecast : Overall recommendation for Tuesday is Hold. On Tuesday, analysts predict an average support price of $ 874 and an average resistance of $ 911.

3 out of the 5 Momentum Indicators is Positive. 1 of the 5 Indicators are Negative

3 Analysts

TESLA closed 3.5% lower at $ $899.94 in the last trading session.

Metric
Value
Trend
Share Volume
18 M
Lower
Average Share Volume
27 M
NA
Forward PE (1 Year)
221.51
NA
image 629

Read about RIVIAN Stock Forecast

Tesla Stock Forecast: Momentum Summary

Momentum Indicator
Indicator Direction
Stock Price
Higher
Technical
Hold
Social Media Sentiment
Negative
Volume
Higher
Performance vs NASDAQ
Higher

Read about NIO Stock Forecast

Tesla Stock Forecast: Performance Chart

1 day
last 5 days
last 1 month
last 1 year
-3.50%
-4.70%
-22.21%
+44.96%

Tesla Stock Forecast: Support and Resistance

Source
Support
Resistance
Recommendation
$ 888 (S3)
$ 905 (R1)
Sell
NA
NA
NA
$ 860 (S3)
$ 917 (R1)
Buy

Will Tesla stock bottom at $865? | TSLA Stock Analysis & Price Predictions

Read about LUCID Stock Forecast

Tesla Stock Forecast: Tesla Latest News and Crowd’s Tweets

Originally tweeted by BSMARKER (@bs_marker) on December 21, 2021.

Stock: $TSLA – Tesla
*** NEWS ***
Wall Street skids on Omicron worry, obstacle to Biden social-spending package By Reuters –

FHGk94LXsAIjqMU

Originally tweeted by Hyper Stocks (@hyprstocks) on December 21, 2021.

$TSLA a bit oversold and stretched out to the bottom. Stock needs a bounce towards 910.00-920.00

FHGryr VUAEQAP6

Yahoo Tesla Community

Tesla Stock Forecast: TSLA Social Media Sentiments

Social Media Sentiment Period
Positive Sentiment
Negative Sentiment
Sentiment
Last 7 days
11.1%
15,.3%
Negative
Last 24 hours
8.7%
16.8%
Negative

Tipranks Tesla Blogger Opinions & Sentiment

Tesla Stock To DOUBLE In 2022: Analyst ($1800 per share)

TSLA Tesla Stock Forecast: 12 months forecast (Upper Range)

Source
12 month Tesla Stock Forecast
$ 1580 (Upper Range)
$ 1300 (Upper Range)
$ 1300 (Upper Range)

Investing.com Tesla Community

Future Outlook for Tesla Inc in 2022.

As per technical analysis, Tesla Inc has run steadily over the past year and is cooling off recently. Although, the bullish strength is diminishing with MACD bearish crossover and RSI also below 60, but a major correction or crash is not expected. The company’s financials are very strong with record revenue and net income but company is expected to face issues like critical federal vehicle safety regulations. The National Highway Traffic and Safety Administration is investing Tesla for safety defects in Autopilot driver assistance system after a string of crashes involving Tesla drivers.  

Also chip shortage issue is yet to be resolved but it is transitory in nature. Also launch of its much awaited model Cybertruck is delayed and investors are not happy with the news. But stock is yet to see a major correction in its history and any correction up to $1000 will make it a more attractive investment.

Tesla Stock Prediction and Latest Stock News: TSLA Trades Over $1000 Mark

Tesla Stock Forecast: Competition performance

It is no surprise that the EV market doesn’t work on a monopoly. Tesla faces serious competition from companies like Ford, Volkswagen, BMW, Kia and Hyundai, all of whom are looking to enter the electric vehicle arena. 

A few months ago, Volvo confirmed EVs will account for 100% of its vehicle sales by 2030. Auto giant General Motors estimates to increase its all-EV fleet to 30 models by the end of 2023. It plans to offer only light vehicle EVs by 2035 while Ford now expects to sell only EVs in Europe by the end of this decade. In addition, Volkswagen announced plans to develop six battery factories in Europe. 

Manufacturing.net

Tesla Stock Forecast : Diversification policies 

Tesla has announced plans for diversification into countries like India, that may prove to be an immense market for the automaker. The company has been in talks with the Indian administration and is expected to begin operations in the country by the later half of 2021. 

The company also expects to expand the reach of its ever-so-famous Gigafactory for battery and vehicle production. With well-established Gigafactories in Nevada, New York and Shanghai, the expansion will lead to similar factories being developed in Berlin and Austin. 

Tesla Stock Prediction and Forecast : Battery Production 

At the moment, Tesla partners with Panasonic for the production of its vehicle batteries. The Gigafactory in Nevada produces Lithium-ion batteries, with the 2020 target of 35 gigawatt-hours per year of cells as well as 50 gigawatt-hours per year (5.7 MW) of battery packs. This production could be equivalent to supplying 500,000 Tesla cars per year

In home-powered solar batteries, Tesla competes with LG, Orison, Sonnen, SimpliPhi Power, and Sunverge. In electric grid energy, the contenders include Strata Solar, AES, and NextEra. 

Tesla Motors Club Forum

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Nasdaq.com-Top Analyst Reports for Tesla

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