Tesla has yet to truly bottom before making new highs
While many people love this stock and company, though maybe not the CEO, it is still up 1,000% from pre-covid levels allowing it much room to continue lower. Despite the passion for Tesla, investors are rational and chase yield, which Tesla is currently not offering.
I copied the fractal from the prior stock slide, which so far matches up well, and shows a path the stock could take to sub $75 region. Personally, I believe accumulating under $125 may pose good value as it's likely to be a choppy path down.
Tesla's fundamentals are strong, and the company is rapidly expanding both it's auto fleet inclusive of full self driving product, along with the potential robo-taxi, tesla bot, and new shiny products yet to be announced. Therefore, it is likely to experience another mania phase once we're through the current economic turmoil with high inflation, bank failures, and inverted yield curve.
Estimate:
< $100 in 2023
> $1,000 in 2025
Patience is key.
I copied the fractal from the prior stock slide, which so far matches up well, and shows a path the stock could take to sub $75 region. Personally, I believe accumulating under $125 may pose good value as it's likely to be a choppy path down.
Tesla's fundamentals are strong, and the company is rapidly expanding both it's auto fleet inclusive of full self driving product, along with the potential robo-taxi, tesla bot, and new shiny products yet to be announced. Therefore, it is likely to experience another mania phase once we're through the current economic turmoil with high inflation, bank failures, and inverted yield curve.
Estimate:
< $100 in 2023
> $1,000 in 2025
Patience is key.
코멘트:
In an amazing turn of events, the gap at $265 was filled. However, it looks like the whole market is running out of steam. I expect a pullback in the coming weeks.
There is an open gap up at $265. It'll be interesting to see if bulls try to close it.