TSLA — All updates

we'll start with Tesla. Can you see the weekly chart of Tesla? So, we have an average cycle length here of 26 bars. And you can see that we had this uh very bearish candle um back in July that broke through the cycle low support and found some support down here near the 100% extension level.

Tesla reverses yesterday's gains. Basically, this is what happened here. Yesterday, Elon was talking enthusiastically about all the amazing things happening at SpaceX and Tesla.

But today, the regulatory body that oversees autonomous taxis came out and said that Tesla's autonomous taxis may not work well or may not meet regulatory standards because they do not have a steering wheel.

Cybercab event yesterday. The question is how impressed were you or was it a complete nothingburger? Yeah, I think it was interesting. Um it was hard to know what to expect as far as like there's this whole media embargo, what's going on?

Um I don't understand what the deal with that was,

It's the morning after the CyberCup event that Elon Musk didn't attend, and there are some positive and negative aspects we need to assess for Tesla and CyberCup.

Most importantly, this process, which I call " edge mapping," I believe will be a crucial component for Tesla in the future. The main thing that caught my attention was the CyberCup team's repeated assertion that they do not use maps, and that they rely on a strategy based solely on sighting.

you are going to get some give back on Tesla after the um event yesterday. Uh you know although long-term I think uh uh it's uh you know there's some reasons to be optimistic.

So okay, my 2030 estimates don't really include robo taxi. I see it as a bonus. Um, but I will say it's way too aggressive to say forget about it. This is my icing on the cake thesis.

Okay, so I call robo taxis icing on the cake. I underwrite Tesla as if robo taxis just don't work. That this is a great consumer car that people buy and they get full self-driving with and they freaking love it and we just get back to selling more Teslas.

Tesla shares are slowing down today following the launch of the much-hyped CyberCube event featuring a car without brakes and without a steering wheel. The company did not broadcast the event live as it had done with previous dazzling shows such as "Cyber Truck".

Tesla has now registered approximately 48 Cyber Cab vehicles in Texas, although a federal filing estimates production at around 1,000 of them.

Tesla, as you know, had its big announcement yesterday, the "CyberCup" announcement. The stock rose sharply and then fell again today. So again, as I've been saying for the past few weeks, there aren't many reasons to buy it.

There aren't many reasons to sell it. It is only in a state of slow and gradual ascent. It is trying to determine whether it wants to stay above or below the 50-day moving average.

Staying above the 50-day moving average is great. Staying below the 50-day average is not very good. At the moment he is somewhat below, but again, he doesn't really know which direction he wants.

You want to see an arrow that shows some leadership, and demonstrates a clear direction. We all think Tesla is a great company, at least I do. Simply put, you should buy the company's shares at the right time, you know, when it's on an upward trajectory.

This is a buy trade, and it is also a trade that gives you maximum profit if you use a covered options strategy.

Now, there were some big moves yesterday, right? So big moves yesterday we saw in names like SpaceX and Tesla on the back of comments from Elon Musk.

What I think is so amazing about this, if we look at Tesla, you look at the daily chart here. Let me get rid of that to make the chart even bigger. So, number one, I love this descending trend line.

The reason I love it is because number one, it takes the high pivot from 2024, but number two, literally every hit of this trend line has been an amazing buy level. The reason that's important is if we fall back down, let's say in the next 6 months or whenever to this trend line, I would be a buyer again.

I mean, it just is proving itself time and time again that this is the trend line to buy until proven otherwise. So, that's number one.

Okay, now let's talk about Tesla and the "Cyber Cup" event. There was a lot of hype surrounding this event. What do our audience need to know from your point of view?

Well, I was looking for a live stream, Diane, and they didn't have one. There was no broadcast. But I saw a video of two people riding in a gold-colored "Cyber Cab" and it was amazing.

I mean, I'll be honest with you. It was interesting to see the absence of a steering wheel and foot pedals. There's just that screen in the middle, and you can adjust the seats there. As you know, it was really great.

It's official now. The Cybercab launch event has just ended, and I must say it left something to be desired, although there were some really exciting things here.

First and foremost, Elon Musk was not present at the event, which surprised many people. Instead, we got a hint that we would be able to book CyberCab vehicles at some point in the future, and we got the ability to book potential fleet vehicle orders for them, as well as a hint in the user manual that we would be able to pick them up in the future.

This has not been done before for Tesla and it's kind of weird. Some might say they're either trying to be like Apple and they're trying to turn a little secretive here. Some people are calling it a little sussy.

we need to explain what the heck is going on here with the Tesla Cyber Cab event. Here's the scoop. It's embargoed. There will apparently not be a live stream. Apparently, no Elon Musk on stage.

That's as far as we'll be able to see until maybe maybe there'll be a stage until apparently the event is open. Except the event's apparently not taking place at Giga Texas. In other words, in Austin, Texas at the factory.

It's taking place at some miscellaneous secret address and the people who are going to the event had to sign an NDA beforehand which authorizes Tesla staff to limit that you can't bring a backpack.

You could only bring the things you could carry like a wallet. You know, you're supposed to demonstrate a wallet and maybe a phone. But even if you bring a wallet and a phone, they could still direct you not to take videos or photos of certain parts of this cyber cap launch event.

Apparently, uh you're allowed to bring a pre-approved plus one, but that plus one is not allowed to be an influencer or a content creator of really any kind.

We previously mentioned buy recommendations for Palointer and Tesla shares, but there is a logic behind that, which reflects some of this caution, even though they also have a valid point about the hardware sector.

and certainly a catalyst such as Tesla, could see a notable recovery.

I'm seeing a lot of Tesla and SpaceX calls here. Both of those stocks are trading higher right off the opening print. good move Tesla.

Tesla is just continuing to rip.

Tesla with some upper shadows. Uh we could get the price to come back in, maybe trade under VWAP. So, just uh keep that in mind here as this these wicks start appearing. Still want to see what happens with the next candle, though.

Looking like looks it's looking like sellers are starting to step in here.

In other words, it is a blow to Tesla, which is entering this market with a camera-only approach. So, let's take a look at the details of this Waymo-Tesla dispute, and what it ultimately means for Alphabet and Tesla stock investors.

The timing was interesting, especially with Tesla preparing to hold a CyberCube event on September 3 to introduce its two-seater vehicle to its small and growing fleet of autonomous taxis.

stock has been a disaster 7 has been a disaster besides Apple's been pretty good you Apple um went as high as what yesterday went as high as 22 328ish. But, um, even like something like Tesla, they want to get you out of rhythm.

Tesla had a a really big day. If you would have went longer, like added thinking there's momentum, you know, all of a sudden they tried to throw you out of rhythm by having two inside days.

For example, Tesla is different from SpaceX, Solana is different from Ethereum, and both are different from Bitcoin. Everything is customized.

Now, this is Tesla. This is a mystery. Tesla will do something historic tomorrow. They will launch the Cyber vehicles around 2 p.m. Pacific Time or 1:45, and this will be the first time ever that a dedicated vehicle in the fleet has been launched live.

They had been testing it for many months. They have built more than two thousand five hundred of them. It has been deployed throughout the country. I'm not sure how big this is.

Cyber Cab is launching in two or three days. It's 2 days from now. September 3rd is 2 days from now in Thailand, but maybe it's 3 days from you where you are. Um, they are already running robo taxis from 6:00 a.m. to 10:00 p.m. 7 days a week in six cities. This is a pretty substantial improvement.

Not only a potential 25 or 26,000 dollar Model 3, but not where you think. The Cybercab event coming on Thursday. We've got to talk about that and some weird things going on around the event.

We'll talk about how that could actually play out for Tesla and where the margins are for company, Number one, the Model uh 3 in China expected to sell now for 26,000 dollars. The Model 3 expected now to come out for 205 Hong Kong dollars.

Uh which if you translate that, that works out to about 26,100 dollars.

First up with Tesla up 5 and 1/2%. This was on the back of news that they are expanding their cyber taxi delivery and in expanding in further cities too. This is all been long anticipated.

It's been a slow rollout with these cyber taxis and the full self-driving capabilities are getting enhanced, which is why investors rewarded the stock today putting in a daily close above this high range.