TSLA both sides
My analysis: after a five wave sequence tesla completed an ABC correction and could be setting up for a wave 1 which will take it to 560.
My opinion: Tesla is up like 800% for the year, it just completed a 5 wave sequence Elliot wave, investors have nothing to look forward to since all advancements are way out, and institutions like ARKK are gonna start taking profits after realizing this. The minimum shoreside target is 280 - and remember that is still $1400 pre-split. The only way to justify the valuation is by looking at it as a tech company. But for now they sell cars and look at other competitors such as Ford where they only have a 10B Market cap.
Realistically what is the difference between Ford and Tesla. All they do is sell cars. Tesla is a car company and nothing else. Yes batteries are the future but it seems investors are looking at it like Tesla is the only company capable of any of these game changing things (which they could be.)
Sidenote - elon musk already has gov contracts with his other companies imagine how insane tesla would go if he got a gov contract for something to do with batteries or whatever
My opinion: Tesla is up like 800% for the year, it just completed a 5 wave sequence Elliot wave, investors have nothing to look forward to since all advancements are way out, and institutions like ARKK are gonna start taking profits after realizing this. The minimum shoreside target is 280 - and remember that is still $1400 pre-split. The only way to justify the valuation is by looking at it as a tech company. But for now they sell cars and look at other competitors such as Ford where they only have a 10B Market cap.
Realistically what is the difference between Ford and Tesla. All they do is sell cars. Tesla is a car company and nothing else. Yes batteries are the future but it seems investors are looking at it like Tesla is the only company capable of any of these game changing things (which they could be.)
Sidenote - elon musk already has gov contracts with his other companies imagine how insane tesla would go if he got a gov contract for something to do with batteries or whatever
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.