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The vast majority of retail client accounts lose money when trading CFDs.
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Important Notice - Scam alert
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
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The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.
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Tesla Stock Could Move with Production Outlook

Tesla's stock price has been decreasing as the markets continue to wobble. 

However, the automaker could disconnect from the price of stocks if higher production outlooks are correct. 

TSLA – Daily Chart 

tsla chart

TSLA stock found resistance at the $313 level but has since slipped to the $265 level. That marks support from early September and would be a line in the sand for a revival in the stock's fortunes. 

Investment analysts at Oppenheimer increased their Q4 2022 earnings estimates for Tesla in a note to investors last Monday. Oppenheimer's C. Rusch now expects the electric vehicle producer to post earnings per share of $0.83 for the quarter, higher than a previous forecast of $0.82. The consensus estimate for Tesla's full-year earnings is $3.59 per share. Oppenheimer also issued estimates for the company's FY2023 earnings at $3.41 EPS, FY2024 at $4.62 EPS, and FY2025 at $5.81 EPS. 

Tesla is said to be pushing global production of its top-selling Model Y and Model 3 electric vehicles sharply higher for the fourth quarter and also aims to build on that growth in 2023, according to plans seen by Reuters. The company's newest factories are looking to increase production in Austin and Berlin. Tesla's production forecast would put the EV maker on track to meet Elon Musk's goals for the coming quarter. It would also put the automaker close to the output of Germany's BMW by the end of 2023. 

Musk and Tesla have a track record of setting ambitious targets that the company does not always meet. In April, Musk said Tesla could achieve 60% growth in deliveries, but by July, the company had walked that target back to 50% for the year. 

Tesla's expansion has also been costly. Musk said in May that the new factories in Texas and Germany were losing billions of dollars, comparing them to "gigantic money furnaces." 

The company is expected to release its third-quarter deliveries and output tomorrow. Third quarter earnings will follow that in October, so it could be a volatile month for TSLA stock.

Last Updated: 03/10/2022

This market commentary and analysis has been prepared for ATFX by a third party for general information purposes only. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell as it does not take into account your personal circumstances or objectives, and should therefore not be interpreted as financial, investment or other advice, or relied upon as such. You should therefore seek independent advice before making any investment decisions. This information has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. We aim to establish and maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. The market data is derived from independent sources believed to be reliable, however we make no representation or warranty of its accuracy or completeness, and accept no responsibility for any consequence of its use by recipients. Reproduction of this information, in whole or in part, is not permitted.


 

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