BATS:TSLA   TESLA MTRS INC
455 7 1
Updated the previously published chart after the "buy the dip with a $2 stop loss" didn't pan out. With news released today about earlier than forecasted deliveries of the model-S electric car and a buy rating by Maxim Group, it made sense to update the chart and see where this chart stands.

Note how the "RISING SUPPORT OVER TIME" comments are holding true.

Cheers.

Tim
May 22, 2012 9:52AM EST 30.92 +2.15 TSLA            
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
Tim, what are your expectations about TESLA business from fundamental standpoint? Do you think it is a good business to invest in?
Reply
timwest PRO charttrader
4 years ago
I'm a believer that the future of the automobile is electric, natural gas, or diesel. This company appears to be the most promising as they have delivered the most compelling electric car yet. It looks great and meets the expectations of people who want to drive electric cars. The valuation of the company is a stretch, which is why I'm only looking for an advance and not for a 10-fold increase. IF they can deliver and keep running an entire years' worth of production, then they can likely lower the price and then take a large chunk of the electric car market. The market looks forward, so all I can do is to evaluate the risks and the rewards and my evaluation suggests that I want to own a 5% portion of my portfolio in this stock. If they can garner any meaningful traction, then their $3.25 Billion market cap could soar to $30 billion.
Reply
charttrader PRO timwest
4 years ago
Thank you! Really appreciate your opinion in this.
Reply
timwest PRO
4 years ago
The rising support channel held nicely. Did anyone else buy shares in this pullback to support?
Reply
timwest PRO
4 years ago
This rising support zone keeps identifying nice entry levels for TSLA
Reply
charttrader PRO timwest
3 years ago
Tim, could you please post update on TSLA?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out