SimpleFX Blog
    Facebook Twitter Instagram
    Sunday, August 14
    Facebook Twitter LinkedIn Telegram YouTube
    SimpleFX BlogSimpleFX Blog
    Banner
    • Home
    • News
    • Tutorials
    • Updates
    • Opinion
    • Trading Academy
    • Trading Schedule
    SimpleFX Blog
    Home»News»Tesla Rally: SFX Traders Made 187% in Two Days
    News

    Tesla Rally: SFX Traders Made 187% in Two Days

    Natalia AlvarezBy Natalia AlvarezFebruary 5, 2020Updated:February 5, 2020No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    Tesla stocks are experiencing an unprecedented rally. TSLA.US jumped 36% in just two days of trading this week and almost 200% in the last three months. At the moment markets consider Tesla the most valuable automaker in the world. Tesla bulls trading with leverage on SimpleFX made 187% profit this week.

    Up 57% since Friday Tesla is being loved by capital markets

    Although Bulls are in charge, in the final hour of trading on Tuesday investors decided to cash in on the hottest shares of the week, as the price dropped from the maximum at $970 to $870. Whether you are Elon Musk fan and believer or consider Tesla a bubble, you can profit from Tesla stock.

    [button link=”https://app.simplefx.com/login” size=”medium” target=”new” text_color=”#eeeeee” color=”#df4444″]SELL Tesla[/button]        [button link=”https://app.simplefx.com/login” size=”medium” target=”new” text_color=”#eeeeee” color=”#3cc195″]BUY Tesla[/button]

    Tesla is available on SimpleFX, so you can open your orders when the Nasdaq exchange opens today at 2:30 pm UTC. Make sure you don’t miss this train.

    What’s going on? Are there any fundamental reasons for such an increase in price? Analysts point out that on one hand, Elon Musk got “more civilized”. He restrained from provocative tweets that where always fuelling Tesla shorters. He also focused more on controlling the company’s costs (operating costs down 7% in 2019), as well as fixed the company’s pricing. First, the popular-democratic side of Elon Musk pressured selling Tesla Model 3 to the mass customer for $35,000. Recently the company pivoted to focus on the high-end version costing $70,000.

    Almost 300% in three months is an impressive result. Are you high or low on Tesla?

    Tesla stock went almost 58% up in just a few hours. 

     

    The electric vehicle market is growing. Automotive manufacturers will invest $225bn in the sector, according to an American consulting firm Alix Partners. In 2019 Tesla Model 3 took an impressive 80% of the EV sales.

    In the fourth quarter, Tesla posted a second straight quarter profits and earned $1bn after capital expenditures. Nevertheless, the company closed in 2019 with a loss. 

    At the moment Tesla market capitalization is between $160bn and $170bn, which is more than GM, Ford, and Fiat-Chrysler together. Tesla plans to sell half a million cars in 2020. The big three sell 17 million cars a year.

    Le’ts take a look at how much SimpleFX traders that were bullish on Tesla earned. Long positions (often leveraged) were popular on Monday and Tuesday. Buying Tesla at $644 on Friday afternoon, and closing the position on Tuesday along with the big selling wave that pushed the price to $885 brought impressive returns of almost 200%. 

    You can calculate the real return from any order (past or future) with the SFX calculator

    If you had or still have long positions on Tesla – congratulations. If you missed out on this exceptional market event, make sure you are trading with us during the next Nasdaq session.

    [button link=”https://app.simplefx.com/login” size=”medium” target=”new” text_color=”#eeeeee” color=”#df4444″]SELL Tesla[/button]        [button link=”https://app.simplefx.com/login” size=”medium” target=”new” text_color=”#eeeeee” color=”#3cc195″]BUY Tesla[/button]

     

    featured stocks
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleAn Exceptional Trading Opportunity on USOIL!
    Next Article Technical Hints for Trading Ripple Today
    Natalia Alvarez

    Related Posts

    Two Scenarios for BTCUSD in 2022

    August 12, 2022

    BlackRock Inc. To start a private investment fund.

    August 12, 2022

    Bitcoin Breaks $24 with Authority

    August 11, 2022

    Leave A Reply Cancel Reply

    Copyright © 2022. SimpleFX
    • SimpleFX WebTrader
    • Unilink Affiliate Tracker

    Type above and press Enter to search. Press Esc to cancel.

    We and our partners use cookies for analytics purposes and to serve personalized ads. You can view our privacy policy here and our cookies policy here
    Accept.
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT