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Tesla Motors

Tesla Motors chart

Tesla Motors market insights

Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.

If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.

Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.

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Tesla Motors details

Tesla Motors, also known as Tesla Inc., is a tradable stock representing the multinational automotive and clean energy company led by CEO Elon Musk. Vehicle service centres, body shops and charging stations specific to its electrical vehicles also make up a portion of the company’s profits.

Founded in 2003, Tesla was not profitable until 2020 due to its electric vehicles’ high production costs. To cover this gap Tesla sold government emission credits it received from green energy initiatives to other automakers that do not make electric vehicles. However, since the company’s first full-year profit in 2020, Tesla has grown profits by expanding production and sales into other markets.

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Share CFDs explained

Share CFDs explained

If you want to profit from a company’s performance, then trading shares is the way to do it. We explain what they are and the key things you need to know.

Why trade share CFDs?

Shares are one of the most popular asset classes to trade and are a favourite of longer-term traders. We list the key reasons why shares are such an attractive investment.

How to trade shares

Want to know how to trade shares using CFDs without owning the underlying stock? This section breaks down how to profit from falling and rising prices.

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