Tesla continues to shape the future. Stock idea for 24/01/2024
Last weekend marked the release of the initial reviews from regular users regarding the update to Tesla Inc.'s car autopilot system. The company has transitioned from labour-intensive manual programming to code generation using neural networks.
This development is of great significance for the entire automotive industry as it seeks to answer the question: Can robotaxis become a reality soon?
Basic operations (maintaining speed, changing lanes, reacting to obstacles, and others) will now be programmed manually, while artificial intelligence (AI) takes charge of processing sensor data.
So, today, let's look at the Tesla Inc (NASDAQ: TSLA) stock chart.
On the D1 timeframe, resistance has formed at 223.49, with support at 208.74. If quotes consolidate around the 208.74 level, the downward trend might slow. The issuer is facing temporary challenges, experiencing delays in the supply of components due to the crisis in the Red Sea.
On the H1 timeframe, a rebound from the 217.04 level could set a short-term target for a price increase at 233.64, while in the medium term, it could hover around 241.28.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This development is of great significance for the entire automotive industry as it seeks to answer the question: Can robotaxis become a reality soon?
Basic operations (maintaining speed, changing lanes, reacting to obstacles, and others) will now be programmed manually, while artificial intelligence (AI) takes charge of processing sensor data.
So, today, let's look at the Tesla Inc (NASDAQ: TSLA) stock chart.
On the D1 timeframe, resistance has formed at 223.49, with support at 208.74. If quotes consolidate around the 208.74 level, the downward trend might slow. The issuer is facing temporary challenges, experiencing delays in the supply of components due to the crisis in the Red Sea.
On the H1 timeframe, a rebound from the 217.04 level could set a short-term target for a price increase at 233.64, while in the medium term, it could hover around 241.28.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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