-RSI reaching all time high
-MACD lines have still not crossed over in the 4 hr chart but the 1 hour chart is signaling a pull back
-If we have still not reached the top TSLA will make its final push for $1000
-Projecting a pull back to $650 before March 2021. Only a 35% pull back compared to the 60% one back in Feb-March 2020.
-Still to early to say what will happen after March. Elon still has much ammo left for example entering the consumer aerospace industry with Tesla.
-He has teased the idea of electric engines and vertical lift aircrafts.
-Market consensus is that the top is near at least for the short term.
-TSLA right now is at a price war with NIO.
-Reducing the starting price of the Model Y. Investors will start turning on this decision and will demand a price increase.
-Below are some articles from last year for reference.
motorauthority.com/news/1121975_tesla-prices-to-rise-about-3-percent
fortune.com/2020/09/03/over-the-past-three-days-teslas-stock-has-dropped-18/
-MACD lines have still not crossed over in the 4 hr chart but the 1 hour chart is signaling a pull back
-If we have still not reached the top TSLA will make its final push for $1000
-Projecting a pull back to $650 before March 2021. Only a 35% pull back compared to the 60% one back in Feb-March 2020.
-Still to early to say what will happen after March. Elon still has much ammo left for example entering the consumer aerospace industry with Tesla.
-He has teased the idea of electric engines and vertical lift aircrafts.
-Market consensus is that the top is near at least for the short term.
-TSLA right now is at a price war with NIO.
-Reducing the starting price of the Model Y. Investors will start turning on this decision and will demand a price increase.
-Below are some articles from last year for reference.
motorauthority.com/news/1121975_tesla-prices-to-rise-about-3-percent
fortune.com/2020/09/03/over-the-past-three-days-teslas-stock-has-dropped-18/
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.