Electric Vehicle Stocks Forecast: Apple and Tesla

Electric Vehicle Stocks Forecast: Apple and Tesla

2021-10-25 • Updated

Nowadays, one of the main global problems is climate change. Many countries have already started taking action to cope with it. For example, the US intends to become carbon-free by 2050 by replacing petrol-driven cars with electric vehicles. Thus, many traders have added EV stocks such as Tesla and Apple to their investment portfolios. Should you do the same? Let’s discuss these stocks in detail and make a trading analysis.

Tesla

Tesla has recently announced its production and deliveries numbers for the third quarter. The automaker has produced approximately 238,000 vehicles and delivered over 240,000 vehicles. This data was higher than expected despite a global automotive semiconductor shortage. If Tesla continues performing at the current pace, the company is likely to exceed its target to grow vehicle delivery by 50% in 2021! Besides, investors eagerly await the earnings results for the third quarter on October 20 (preliminary data). The expectations are quite high, that’s why we might expect the Tesla stock price to rise even before the release. 

Tech tips

The share price of Tesla Motors stock has been moving inside the ascending channel since mid-May of this year. If TSLA stock price manages to break above the $800 psychological mark, the way up to the next round number of $850 will be open. Support levels are the low of October 1 at $770 and the 50-day moving average of $730.

TSLA stock price

Apple

It’s not already a secret that Apple has started working on Apple Car – a self-driving electric vehicle with autonomous functions. There was news that Apple is going to make collaborations with other automakers to create a vehicle, but now there is information that the company is working on this project on its own.

Don’t be confused when you look at the chart of the Apple stock. It was among other tech stocks that experienced a huge sell-off after Facebook’s large outage. It’s just a short-term shock for the Apple stock which the company is likely to easily overcome.

The iPhone producer is going to reveal its financial results for the third quarter on October 28. Investors will likely be watching the update closely!

Tech tips

The AAPL stock is moving inside the ascending channel. Since it’s getting closer to the support line (lower one), we might expect the stock to reverse up. Besides, there is a 50-week moving average at $135 just below the current price, which is a strong obstacle that the stock can fail to cross. If the price manages to jump above the $150.00 psychological mark, it will rally up to the high of September 5 at $157.00.

  The AAPL stock is moving inside the ascending channel

Interested in trading in the stock market?

Don't know how to trade stocks? Here are some simple steps.

  1. First of all, be sure you’ve downloaded a trading platform: the FBS Trader app or Metatrader 5. FBS allows you to trade stocks only through this software.
  2. Open an account in FBS Trader or the MT5 account in your personal area.
  3. Start trading!

Similar

Best Stocks to Trade This Earnings Season
Best Stocks to Trade This Earnings Season

There is a period every stock trader loves the most due to significant movements, increased volatility, and, possibly, big gains. Open your trading apps and be ready to act! Earnings season comes four times a year and we crave to share our expectations with you.

Best Stocks to Buy in April! 
Best Stocks to Buy in April! 

As April approaches, investors are searching for good opportunities in the stock market. There are two booming industries that look positive in the coming period; electric vehicle (EV) stocks and banking stocks.

Latest news

Walmart earnings outlook
Walmart earnings outlook

Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera