$Tesla Motors(TSLA)$ The recent price swings on this one have been wild. It is a good reminder that trying to predict the daily moves is pretty much pointless. The volatility is the whole game here, and the erratic behavior is the one constant.
$Tesla Motors(TSLA)$ The setup looks coiled tight and ready to explode higher at any moment. Volume has been low, which to me suggests not much selling pressure, while shorts still seem reluctant to cover. Patience is probably the right call here.
$Tesla Motors(TSLA)$ Feels like they shook the tree to push retail out, and now it's just a tug of war designed to make the price action boring enough that retail doesn't want to jump back in. Could just be a matter of time before that changes. Ticking away the moments that make up a dull day.
$Rivian Automotive, Inc.(RIVN)$ The break above 17.70 isn't happening today. It feels like they don't want it to, and that's pretty much it. If it did, it would likely push the price toward $18 and beyond.
$Tesla Motors(TSLA)$ appears to be entering another parabolic phase, which is likely the last thing bears want to see. Momentum is rebuilding and the stock continues to attract attention. The risk for shorts is that if buyers keep defending key levels, another strong trend leg could develop. After some consolidation, the structure is showing renewed strength. The key thing to watch is whether price can maintain higher lows and break through major resistance with volume confirmation. While parabolic moves can create powerful upside, volatility and valuation risks are still there. It's a matter of watching whether this turns into another momentum cycle or just a temporary bounce. Often, the first reaction isn't the final one.
$Tesla Motors(TSLA)$ The VIX seems to be holding the Nasdaq down, which is also keeping TSLA from moving. You can see the correlation if you look. On a technical level, TSLA is showing some strength. If the VIX drops to 15.68 and breaks below, the NDX should jump, and that would likely push TSLA higher. We have resistance levels at 413, 415, and 420. All things considered, TSLA looks to have some short-term upside.
Turnarounds usually begin with leadership changes before the financials show any improvement. The new CEO at $Opendoor Technologies Inc(OPEN)$ is taking a $1 salary with no bonus, and his compensation is tied to roughly 82 million shares that only vest if the stock price reaches between $6.24 and $33. That's a performance-based structure similar to what $Tesla Motors(TSLA)$ has used. It's an interesting setup to keep an eye on as things develop.