Tesla has for a Long time been in an up-trend - just like most of the electric car producers worldwide (most significantly in China and USA).
Tesla up-trend seems to be - technically speaking - following a specific pattern. The stock trend channels after a neutral development for a certain amount of time the radical increase appears in the MacD and RSI indicator showing momentum to break out of the neutral stock piece development.
If you do consider investing in Tesla, keep in your mind that even though the company has established factories in Germany and China, and do have increasing revenue the stock price do have a risk of collapsing if the price development is more build on the hype than the company’s development.
Tesla up-trend seems to be - technically speaking - following a specific pattern. The stock trend channels after a neutral development for a certain amount of time the radical increase appears in the MacD and RSI indicator showing momentum to break out of the neutral stock piece development.
If you do consider investing in Tesla, keep in your mind that even though the company has established factories in Germany and China, and do have increasing revenue the stock price do have a risk of collapsing if the price development is more build on the hype than the company’s development.