Tesla is not a buy unless we see it closes above 880

NASDAQ:TSLA   Tesla, Inc
This is the first time this pattern appears in Tesla charts since February 2020.
I know the future outlook has been changed a lot, but the price of Tesla share has experienced a 1500% gain rally in the last year, and investors have already started to ask themselves have the fundamental factors changed the same?
***There could be some positive days ahead, but don’t expect Tesla another +1500% rally..!
I will not publish any longterm bullish analysis on Tesla , unless it closes above 880.
Trade active: Tesla faced huge decline in trading volume which makes it hard to reach its previous top once again
Trade active: It could touch 700 this week
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The only thing that's changed about Tesla is they have two giga factories coming online this year and they still sell every car they make. The ~8% of cash converted to BTC is a hedge against USD inflation. Tesla is not CAPEX constrained, they are 1) Engineer talent/expertise constrained and 2) physical battery supply constrained. They will literally crush it this year and will produce nearly more cars in 2021 than they've made over their entire life time. What other automotive competitor can say that?
+1 Reply
BSE200 solutron
@solutron, Even though your last 2 Sentences are true, their competitors expanded the capacities as well. There aren't so many reason nowadays why Tesla should stay predominant when chinese and european manufacturers are throwing their EV on the market. I know only Tesla owners who hype everything that Elon touches. Those driving Konas/Inoiq or Zoes/Leafs are more in number what i can see on the road.
The only thing to justify the course is the SpaceX/Starlink venture...
Make sense to me. Not sure Musk fans will ever agree with such analysis.
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