ClaudioVelez

Tesla Bearish Weekly Chart

Short
NASDAQ:TSLA   Tesla
TSLA, the craziest stock in the market.

The stock had impressive QEarnings, being the only car company having profits.
Yet several things happened, Elon Musk Tweeted that the stock was too high, made a drop in the price, a spike rejection on the 860 Level, David Einhorn tweets hinting that the reports may not be 100% true, reports show the value of Tesla to be close to BMW, overvalued at the moment.

Tesla is fulfilling orders in 2020 from 2019.
Some people may think twice now before buying a new car.

Company of the future, YES!!! no doubt...
But right now has to deal with problems like everyone else.
May is coming and a second wave of Covid-19 is possible.
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.