TSLA MEGA Bearish Structure
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Time for a new updated chart in TSLA.
TSLA has now formed a MEGA Bearish structure. While we are not near a Key area at the moment. The initial formation does not look good for the Bulls going forward.
At this point, it would take a lot of effort (buying) to change the message of the market in this chart. While anything is possible it does not appear likely at this point.
Having said that it can still bounce around in the middle of nowhere since the structure is so big, but the results will reveal themselves in time. For this reason, I will go ahead and mark it as bearish.
CAUTION! is in order.
Here are some of my previous charts and calls in TSLA. As you can see I don't miss too often in this name.
TSLA has now formed a MEGA Bearish structure. While we are not near a Key area at the moment. The initial formation does not look good for the Bulls going forward.
At this point, it would take a lot of effort (buying) to change the message of the market in this chart. While anything is possible it does not appear likely at this point.
Having said that it can still bounce around in the middle of nowhere since the structure is so big, but the results will reveal themselves in time. For this reason, I will go ahead and mark it as bearish.
CAUTION! is in order.
Here are some of my previous charts and calls in TSLA. As you can see I don't miss too often in this name.
Uwaga
TSLA MEGA Bearish Structure continues to grind higher against the upper trendline nearing that key area. CAUTION!Uwaga
As expected TSLA inching closer and closer to that all-important bottom trendline of the MEGA bearish structure. Gradually then SUDDENLY!
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TSLA collapsing another -2.63% at the open. GLORY!
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I am seeing a lot of TSLA's just sitting in used car lots all over the US.Uwaga
👀Used Tesla Model 3 prices declined the most, with the average list price falling by 30.5% the past year. The average price declined by more than $16,000 as it dropped to about $37,000 in June.
Uwaga
At year end 2022 TSLA traded at almost 19x the N+2(2024) Adjusted EPS estimate of $6.50. Today? 41x the mid-2024/2025 estimate of $5.50. Forward estimate down, multiple up.Uwaga
TSLA keeps collapsing now $225 inching closer towards the breaking point. Bad JUJU!As expected.
Uwaga
it never seems obvious to the untrained trader/investor until it does. Uwaga
TSLA is no AAPL. As I have been pounding the table since 2021."I bought the Model 3 for $47,190 when all was said and done (see above). Being worth just over $20,000 today (at least, in terms of a Tesla trade-in offer), it’s now at 42% of its initial price. So, it has seen 58% depreciation."
Uwaga
I will repeat it as many times as needed. The crossing of a line in of itself is not a big deal. The structure is way more important. There are several ways the structure will break which I won't go into but stay focused on the message of the chart. If it breaks and how it breaks. These are all very important. Not the crossing of the line.Uwaga
Here we go again!Tesla Cuts Prices On Model 3 Inventory In The US By Up To $5,500
You can get a brand-new Model 3 RWD for just $37,120 BEFORE the federal tax credit.
This reminds me when computers topped out. Garmin GPS, flat screens, GoPro, MP3 players etc...
Uwaga
TESLA HAS JUST CUT THE PRICE OF ITS FULL SELF DRIVING FROM $15,000 TO $12,000.The TSLA brand has been trashed.
Uwaga
Can anyone remember the last time a cutting-edge "technology" company disrupting the legacy dinosaurs in its industry was forced to slash prices 6 times in a single year? The only thing
TSLA is winning is the race to the bottom in profit marginsUwaga
🇺🇸 Tesla: 777b🇯🇵 Toyota: 234b
🇨🇳 BYD: 97b
🇩🇪 Porsche: 97b
🇩🇪 Mercedes-Benz: 76b
🇻🇳 VinFast Auto:
68B🇩🇪 BMW:
66B🇩🇪 Volkswagen: 63b
🇮🇹 Ferrari: 57b
🇳🇱 Stellantis: 56b
🇯🇵 Honda: 53b
🇺🇸 Ford:
48B🇺🇸 GM:
46B🇨🇳 Li Auto: 42b
🇮🇳 Maruti Suzuki:
37B🇰🇷 Hyundai:
33B🇮🇳 Tata Motors:
26B🇨🇳 Great Wall:
26B🇰🇷 Kia:
23B🇨🇳 SAIC:
23B🇮🇳 Mahindra & Mahindra:
23B🇺🇸 Rivian: 22b
🇨🇳 NIO:
20B🇯🇵 Suzuki: 19.6b
🇯🇵 Nissan: 17.1b
🇨🇳 XPeng: $16.2
🇨🇳 Chongqing Changan: 15.9b
🇯🇵 Subaru: 15.1b
🇺🇸 Lucid Motors: 14.5b
🇨🇳 Geely: 12.9b
🇨🇳 GAC: 12.3b
🇹🇼 Hotai Motor: 12b
🇹🇷 Ford Otosan: $11.8
🇸🇪 Volvo Car: 11.2b
🇫🇷 Renault:
11BThe TSLA valuation absurdity can be viewed here.
Uwaga
AAAND!!!! Right back down.Uwaga
Calling in favors from Morgan Stanley with a 66-page buy report (LOL) has changed nothing about this MEGA Bearish structure.
Uwaga
TSLA used car prices have dropped -40% from their all-time highs from a year ago.As I mentioned a few months back, I am seeing too many TSLA's in schitty used car dealers.
Uwaga
14 states, including Hawaii, have NO Tesla “service” center. In many states the nearest TSLA “service” is several hours away. Tesla became a $900 billion company by faking self-driving video, faking range, hyping nonexistent robotaxis, rushing defective cars out the factories…Uwaga
Imagine how happy TSLA lineworkers will be when they find out their hourly wages are 50% below the industry average once the UAW pushes through its wage hikes.Uwaga
CATHIE WOOD ON CRACK AGAIN TESLA BEAR CASE IS $1400, BULL CASE 2K Uwaga
FED day and TSLA is cracking a mini structure. Not a good sign for the overall risk on market.What is nice about my style of charting is that what works on big-time scales works on smaller time frames as well. Any time frame can be analyzed using BKC (Bare Knuckle Charting) the only difference is that in smaller time frames news affects the chart more frequently whereas in bigger time frames it is more muted.
Uwaga
MAGIC! As expected the crack was not a good sign for the overall risk market prior to the FED.As I mentioned in my last post BKC (Bare Knuckle Charting) works on all time frames. The only difference is that in smaller time frames news affects the chart more frequently whereas in bigger time frames it is more muted.
We can see that now on the chart below. As FED spoke it spiked and then collapsed resolving in the correct direction it showed prior to the news.
Magic!
Uwaga
TSLA is down today over -3.5% as it once again cracks a key area.In my previous post, I showed a small time frame of 15 minutes that was bearish that could lead to more substantial risk off for the overall market. I made that call just prior to the FED announcement.
Since then we have seen nothing but falling prices across the entire market. TSLA is now in trouble after breaking the MEGA structure for the 2nd time in a month which could lead to a rapid drop in valuation in the weeks ahead.
Overall as expected!
Uwaga
Bingo!Uwaga
What happened to all the TSLA end-of-Q3 gamma squeeze this morning?Uwaga
TSLA🔸TESLA 3Q DELIVERIES 435,059, EST. 456,722 lol
Uwaga
Elon Musk's Twitter stock purchases under investigation by SEC - court filing -Uwaga
Elon Musk Debunked!youtube.com/watch?v=n0DWLibRaws
Uwaga
When you see multiple Head and Shoulders in a chart. You know it's just a matter of time before the inevitable occurs. CAUTION!!Uwaga
No surprise to me or anyone who has been following or agreed with me. As expected TESLA 3Q EARNINGS PER SHARE $0.66, EST. $0.73
TESLA 3Q REV. 23.40B, EST. 24.32B
Uwaga
Wow. TSLA took on over $2 billion in debt during the quarter.Uwaga
TSLA $233.67Uwaga
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TSLA GAAP EPS, ex-credits, but fully taxed (at 21%), would’ve been $0.33 in the 3Q. Still seems a bit rich.Uwaga
KABOOM!!!Great analysis prevails again!
Uwaga
Tesla’s price cuts this year show customers are no longer willing to pay a premium for its vehicles. That raises a key question on Wall Street: Does its lofty stock-market valuation make sense anymore?
Hell NO!
Uwaga
#TSLA $210 new lows.Fun fact! TSLA has now lost the market cap of Ford and GM combined!
Uwaga
One of the great BKC charting is that it gets you in when no one else is looking.TSLA was a great example of that. There were so many bulls back when I posted this chart. Not so many today Uwaga
So, #Tesla China Domestic sales for October are now out. Disastrous would be a kind reflection. Tesla China delivered 28,626 vehicles domestically in October, a 34.2% decrease from September 2023 and 6.9% overall growth YTD, vs #BYD at 70.2%.Uwaga
TSLA continues to underperform the NASDAQ. Bad JUJU!
Uwaga
The average price of a used Tesla is now 
29K lower than the peak in July 2022, a 43% decline. TSLAUwaga
The well-established repetitive pattern of flagging out into a H&S, cracking, and falling. This time it did not even make it to the overhead downtrendline. Signaling more weakness. Uwaga
MAGIC!Surprised? You shouldn't be.
Uwaga
Fun fact! Unless you own a TSLA.The average price of a used Tesla has declined 18 months in a row, moving from a record high of $67,900 in July 2022 to a record low of $35,844 today (-47%).
TSLAGentle reminder markets tosay are making new all highs while TSLA stock is barely holding on from collapsing. 👀
Uwaga
TSLA out with the triple-miss Revenues, EPS, and gross margins all disappoint and that's despite analysts taking a chainsaw to their estimates over the last 12 months. Do you still think I am guessing?
Uwaga
Musk saying production of the TSLA next-gen vehicle will begin in the 2H of 2025. Without a prototype! haha!You can be a genius too if you just run around lying to everyone.
Uwaga
The warning signs have been there all along since June when I first posted this chart. Since then TSLA has lost 1/3 of its value.Uwaga
NASDAQ at all time highs while TSLA is down -60% from its highs.Have we finally established that TSLA is not a tech company?
Thank you!
Uwaga
TSLA crashes again down -4%Folks, it was all written in the charts.
Uwaga
TSLA hits $175Like I keep telling people, there is nothing bullish in the charts. Now they know!
As expected!
Don't forget to follow for more great content!
Uwaga
TSLA average new used car sell makes yet another low! $32,900From bad to worse! As expected!
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Gap-fill CRASH!As expected!
Uwaga
Markets are at all-time highs and TSLA collapsing. "Gutsiest call I ever saw Maverick!"
Uwaga
The average price of a used TTESLA has declined 20 months in a row, moving from a record high of $67,900 in July 2022 to a record low of $31,724 today. That's a 53% decline.Uwaga
So today, TSLA cut the price of FSD 50%, a sell-side analyst went to negative delivery growth in 2024, and CATL announced competition for the Megapack.🤭Uwaga
TSLA preparing for the next leg down. Uwaga
TSLAAnother day, another downgrade.
DB cuts to hold. Whacks estimates.
Uwaga
Gentle reminder my call that TSLA had a mega bearish structure was made June 2023 Today we see a YTD drop of -40% while markets were making new all-time highs. Thats proper charting my friends.
Uwaga
Do you still think "buying the dip" I'm TSLA was a good Idea? SMH!Look for my "Modana/Whore" complex video.
Uwaga
TSLA now trades like GME. And we all know how that is working out.Bull trap in the making.
Uwaga
Bull Trap!Uwaga
TSLA *SALES COLLAPSING GLOBALLY
*INVENTORY ALL TIME HIGH
*AP 17B
*MARGINS COLLAPSING
*PRICE CUTS GLOBALLY
*PART TIME CEO
*EXEC DEPARTURES
*MASS LAYOFFS
*NO FSD (fraud)
*ACCOUNTING FRAUD
*SECURITIES FRAUD
*WARRANTY FRAUS
CEO DRUG ADDICT WILL BE INDICTED IN NEAR TERM
Uwaga
Tesla's Sales in Europe Fall to a 15-Month Low. LolUwaga
Ticking time bomb 💣Nothing but lies and disaster in yhr making.
youtube.com/embed/aoAk9Oo_Ql0
Uwaga
❗️❗️BREAKING: Musk moves forward the date for delivery of the first robotaxis from 2019 to 2017. TSLARemember who told you about the MEGA bearish structure when everyone was in love with Elona.
GLORY!
Uwaga
BAM!!! A bull trap was in the making and now it is failing!!
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