Tesla Inc. has launched a trial period for its Full Self-Driving (FSD) technology to US customers, enabling them to test the service regardless of whether they have purchased FSD. Owners of Tesla vehicles meeting FSD requirements, including those who bought their electric cars earlier, are also encouraged to participate.
With the installation of Full Self-Driving priced at 12,000 USD, Tesla anticipates that some customers will choose to pay for FSD after the trial period, potentially boosting the company's revenue and net profit. Tesla's sales volumes and margins are under pressure due to price competition with other manufacturers and decreasing demand.
Given these developments, an analysis of Tesla Inc.'s (TSLA) stock chart is warranted.
On the daily (D1) timeframe, a support level was established at 160.51 USD, with resistance at 182.87 USD. An attempt to break the downward trend is underway, and breaching the 182.87 USD resistance would indicate the start of an upward trend.
On the hourly (H1) timeframe, long positions might be of interest after breaking through the 182.87 USD level, with a short-term target at 205.60 USD. Maintaining a long position up to 233.87 USD could be considered in the medium term.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
With the installation of Full Self-Driving priced at 12,000 USD, Tesla anticipates that some customers will choose to pay for FSD after the trial period, potentially boosting the company's revenue and net profit. Tesla's sales volumes and margins are under pressure due to price competition with other manufacturers and decreasing demand.
Given these developments, an analysis of Tesla Inc.'s (TSLA) stock chart is warranted.
On the daily (D1) timeframe, a support level was established at 160.51 USD, with resistance at 182.87 USD. An attempt to break the downward trend is underway, and breaching the 182.87 USD resistance would indicate the start of an upward trend.
On the hourly (H1) timeframe, long positions might be of interest after breaking through the 182.87 USD level, with a short-term target at 205.60 USD. Maintaining a long position up to 233.87 USD could be considered in the medium term.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
