savage_Trader

TSLA consolidation coming to an end

NASDAQ:TSLA   Tesla
TSLA right near the upper trendline. See if it breaks out on ER. I personally dont like TSLA’s ER. Their operating margins got hit due to higher raw material costs and are not profitable due to this. This BTC sale is to dress up the balance sheet so they can stay positive FCF. So i am not really sure if TSLA breaksout but the bar for ER’s this quarter is pretty low. So may be it will, keep an eye on it.

Disclaimer

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.