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Closing trading signal on Tesla Inc - TSLA- profit +$16,216

Profit realized on TESLA INC signal

Profit cashed from the trade on TSLA on October 20, 2022

Good morning Traders,

On July 01, 2022 a Short Trading Signal was opened on NASDAQ-listed Tesla Inc (Ticker: TSLA), closed on October 20 realizing a profit of $16 thousand.

The trade was opened considering the macroeconomic data, which impact Tech stocks, in addition, TESLA was, and is currently in a bearish trend that began after it made its all-time highs in November 2021. After this high, the stock began to move within a bearish channel.

Below the chart showing the entry and closing of the trade

The trade yielded a profit of nearly 13% of the value of the shares sold.

Some information about Tesla Inc

Tesla, Inc. is engaged in the design, development, manufacture and sale of all-electric vehicles and energy generation and storage systems.

It also provides vehicle service centers, Supercharger stations and autonomous driving capabilities. The company through the Automotive sector designs, develops, manufactures, sells, and leases electric vehicles, as well as sales automotive regulatory credits.

While the Energy Generation and Storage sector includes the design, manufacture, installation, sale, and lease of stationary energy storage products and solar energy systems, and the sale of electricity generated by its solar energy systems to customers. It develops energy storage products for use in homes, commercial facilities, and utility sites.

The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003, and is headquartered in Austin, Texas.
 

Financial Overview: TSLA's current market capitalization is US$702.33B. The next earnings release date for Tesla, Inc is Oct. 25. The estimate is US$1.0.

Accounts, including revenue, expenses, profit and loss: TSLA's total revenue for the latest quarter is US$16.93B, up 41.61% from the previous quarter. Net income in Q2 22 is 2.26USD.

Overview data and accounts source: Tradingview.com

Signal Chart TSLA

Signal Entry Short: $239.138

Signal Closure: $208.245

Net Profit: $16216.48