Let's be honest, TESLA was brilliant with it's move to split the stock. Not only did it get more headlines than ever before, it brought attention to the other companies like NIO, and XPEV in a new light. Their stock increased so much, that anyone who would have bought AFTER the split, would have more than doubled their money!!
Also, many people think it is dangerous for a company to do this, but take a look at how they maneuvered it. Tesla declared they would sell 5Billion of stock when their stock was near its highest. They were getting funding for pennies on the dollar. Brilliant. They can use this to reinvest and create more growth potential in the future. More revenue.
Fibonacci lines show us that the 50% and 61.8% lines are ideal to buy back at. Don't forget this may be during a market crash, so we may see price zoom past those shortly.
Between $237 - $289
Also, many people think it is dangerous for a company to do this, but take a look at how they maneuvered it. Tesla declared they would sell 5Billion of stock when their stock was near its highest. They were getting funding for pennies on the dollar. Brilliant. They can use this to reinvest and create more growth potential in the future. More revenue.
Fibonacci lines show us that the 50% and 61.8% lines are ideal to buy back at. Don't forget this may be during a market crash, so we may see price zoom past those shortly.
Between $237 - $289