As much as I am bearish on TSLA mid term (6-12 months), in the coming few weeks if overall equity markets can have a bear market rally that could easily push TSLA to
1K-$1.1k. Beta has been closer to 2.5 lately and there is a resistance treadmill formed around $1000-$1100, depending when price gets to the overhead trend line. So there are ways to get there. If Powell made equity comfortable after his today’s speach we could see some upside.
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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.