A dark pool sell order was detected in Tesla $TSLA stock on October 19, 2022. The dark pool trade looks like front-running of Tesla’s worse than expected Q3 sales.
Dark Pool Trading In $TSLA Stock
Make sure to review this lesson on dark pool trading so that you understand the chart above.
Oppenheimer kept Outperform rating on Tesla following quarterly results
On October 20, 2022, Oppenheimer analyst Colin Rusch kept and Outperform rating on Tesla stock with a price target of $436. Rusch says that Tesla delivered Q3 results slightly better than expected as it worked through ramping two new factories and its 4680 cell production. The analyst likes that management is considering a $5B to $10B share buyback. Rusch views minor changes in inventory levels because of a shift in its delivery cadence as benign and continues to believe the depth of demand is outstripping most investor expectations, even when considering a recession.
Bearish Option Flow In $TSLA Stock
Bearish option flow was detected in Tesla stock on October 20, 2022.
Make sure to review this lesson on option flow so that you understand the image above.
Irwin: Recessionary burdens could start materializing on Tesla sales over the next few months
Tesla Stock Technical Analysis
Tesla $TSLA stock is in a technical strong downtrend. Long-term indicators support a continuation of the trend. Tesla stock is approaching oversold territory, so a bounce or trend reversal is possible.