TSLA Outlook 6/15/2023
Overall still pessimistic. This has been a monster bear rally. After falling 67% from the prior topping formation in Aug - Sept of 2022 through to the bottom in Jan of 2022, Tesla has risen a whopping 156.77% from those lows to the highs just yesterday. Yes, I was early, but we entered in long put positions which I believe will be highly profitable for as the stock retraces to our targets.
1st Target - $189
2nd Target - $160
3rd Target - $136
If the third target is breached it will make a bad situation already worse. I believe that deteriorating macro environment will put further pressure on the already poor true financial position for the company and impair equity holders significantly as a consequence.
I will change our perspective should the facts here change.
Overall still pessimistic. This has been a monster bear rally. After falling 67% from the prior topping formation in Aug - Sept of 2022 through to the bottom in Jan of 2022, Tesla has risen a whopping 156.77% from those lows to the highs just yesterday. Yes, I was early, but we entered in long put positions which I believe will be highly profitable for as the stock retraces to our targets.
1st Target - $189
2nd Target - $160
3rd Target - $136
If the third target is breached it will make a bad situation already worse. I believe that deteriorating macro environment will put further pressure on the already poor true financial position for the company and impair equity holders significantly as a consequence.
I will change our perspective should the facts here change.