Tesla
Long

TSLA, TIME TO BUY?

Hello fellow traders and investors, here's an update on the previous TESLA trade idea.
TSLA has pulled back to the bottom of the uptrend channel. If Tesla makes a recovery to ATH's it offers a 28% ROI.

Technicals:
The Macd indicates that TSLA is in a downtrend
The RSI is looking relatively oversold


When To Buy:
Now

When To Sell:
Previous high

Fundamentals: Tesla , Inc. engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation, and storage systems. It also provides vehicle service centers, supercharger stations, and self-driving capability. Tesla is currently overvalued at around a P/E of 715, a P/S of 18.95, a debt/equity of 0.47, sales growth Q/Q of 73.60%, an EPS growth Q/Q of 2637%, a profit margin of 3.10% and a short float of 6.64%.

Rating: 80/100 the technicals look decent but I personally think they are an amazing company with an expensive valuation.

I hope you enjoyed this quick analysis and many more to come.
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Thanks
Fundamental AnalysisTechnical IndicatorsTrend Analysis

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