Tesla shares closed at an all-time high of $909.68 on Friday, two days after the company reported record revenue and profits in the third quarter. The move marks the first time since January the company made an intraday record. Shares surged above $900 a share shortly after market open. Tesla’s strong earnings results stemmed from improved gross margins of 30.5% on its automotive business and 26.6% overall. The stock dropped under 2% in after hours trading on Wednesday. Tesla’s market cap stood at roughly $860 billion at market close.
There’s no question about it. Tesla have an incredible future and I’m ridiculously bullish on TSLA long term but in the short term, if we’re trading we should see a slight pullback. I think we see one more push up before shorts come in control. It’s getting quite over extended here with it getting into the overbought territory. I think this stock is one to watch going into next week for a swing. Long term bullish. Watchlist this. - Factor Four
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Update. Posted this on a Sunday. I’m currently in shorts at 998 expecting it to be wall.
Definitely short the stock, but think, stock is making ATH right now and most likely will continue to keep going up for the next couple of months, as it always have done it before, next market cycle will be around march 2022, and the stock will be around $1,200 - $1,500, that's when you open your short position.
CrudeSignalsOTC
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@eversanchez, Let’s see how it goes. I’m short 998 and 1040