Tesla 2024

Looks like permabulls are shooting for gap fill. Momentum moving up at same time volume is declining (notice also 3 highlighted days) so seems at least currently, selling has abated.

Helps also that overall market is moving higher and higher, and a certain CEO has been relatively speaking ... quiet. :)

! TSLA Gap fill question mark.png
 
semperfrosty said:
What ya reckon Van?

Pop from here? Or back to 182?
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I was just debating that. TSLA likes to play that week to week game. It needs lots of put buyers and shorts positions before it makes one of its $10 gap ups. I don't think people are piling on atm. (And it does it in reverse when folks are all going long and buying calls. Like the drop from $200 to $190 this week.) I've said it a 1/2 dozen times, outside of any news, it's not a stock, it's one big cash generating algo.

I think it keeps creeping up from here. Things look balanced right now and that's usually what it does. But in the absence of a large spike in the short interest, there's always the ~$7.50 downside chop from time to time. People are afraid to short it now.

Of course the whales running the algo's goal is to get it at all-time highs again, but it has to get there with the money it takes in running it's game daily. When things are balanced, there's not as much money to be had by the algo on a big move one way or the other. Today I think there might be more longs than shorts, but we'll see how it acts into the close. If open interest on the calls exceeds the puts tonight by a significant amount, tomorrow it will gap down and drop back below (or to)$190.
 
A lot of whales lost a lot of money on Palo Alto. No one expected a move like that. I think if that hadn't happened, and given where NVDA is atm, we'd see some profit taking there that would be rolled into TSLA for the start of a $60 climb on the backs of shorts. But PANW really mucked the waters some.
 
A little more than a $1 left to fill 1/25/24 down gap.

Then what?

H1 chart shows TDSeqSell13 triggered this morning and red dotted line AVWAP starting from first closing bar of the year 10:30am on Jan 2nd - which price opened just below it today, traded above then down the rest of the session:-

! TSLA H1.png
 
I had never heard of or even more had never thought of such a thing? But will it become a thing - at some point?

(Semafor)


The return of EV battery-swapping



Costfoto/NurPhoto via Getty Images HED: Return of EV battery-swapping

Battery-swapping for electric vehicles, instead of waiting to charge your car, could be making a comeback. A Taiwanese company with 2,500 battery-swap stations for scooters charges riders a monthly subscription, and is expanding into India, Chile, and Colombia. Beijing has backed battery-swapping, and the Chinese EV firm Nio, with 2,000 stations in China, has set its sights on Europe. It’s not a new idea: Tesla trialed it unsuccessfully in 2014. Swap stations only work if all vehicles using the service have standardized batteries, which means it is well suited for commercial fleets, an EV expert told New Scientist. A U.S. battery-swapping startup has partnered with an automaker and a truck maker to run swap services in Spain and Japan.
 
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