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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 (TSLA) Levels to Watch with Earnings Release

Tesla (TSLA) will release its latest earnings report, which comes hot on the heels of its aggressive price-cut strategy.

German officials want to see a production ramp at the Berlin Gigafactory.

TSLA – Weekly Chart

TSLA Chart

Tesla recently bounced from a downtrend support line and has risen above crucial resistance around $130. That could give the stock the green light to head for the $170 level if the earnings release is good.

Fourth-quarter deliveries at Tesla were 405,278 units, up 31.5% from the year-ago quarter and 18.5% from the previous quarter. The numbers marked quarterly records for the firm. However, analysts were looking for deliveries of around 420,000 units. Despite aggressive year-end incentives from the automaker, total deliveries fell short of estimates.

The fourth quarter of 2022 also led analysts to believe that car demand is cooling due to rising interest rates and economic uncertainty.

According to Munro & Associates' analysis, Tesla achieved the lowest estimated costs in the EV industry and will benefit from the latest price cuts.

Sandy Munro says the company can still profit from its cars, which will be higher than other OEMs. With Full-Self Driving tech in the future - the gross margins could reach 40 percent. The cost advantage over other carmakers is so high that analysts believe the recent move to cut prices could eliminate or eradicate competitors.

German officials have also told the IG Metall labour union that Tesla is ready to boost production at its Berlin factory. Demand for EVs has been in question, and Tesla made an aggressive move with its price hikes.

Jörg Steinbach, an Economic Minister, met with the union and shared that Giga Berlin should ramp up production. The minister said, "Tesla production has to grow a bit more." Recent expansions have been made at the site. The company is expected to hire new staff to increase production in the coming months.

Last Updated: 24/01/2023

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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