Tesla has been continuing to increase, but as usual when the popular tech stock spikes, there is little to no consensus to be found both regarding its immediately future and its status as a blue chip investment. While clearly Elon Musk's brainchild has become a major force in the industry...which industry that actually is, exactly, is somewhat unclear.
Musk has focused his efforts on an intellectual cornering of many major patents, while TSLA itself still ostensibly is an automobile manufacturer. Investors know to think beyond the car itself to the brain and heart of the machine, its lithium ion battery. A technology that will continue to be a staple in industries far beyond the automotive, it has real appeal to those playing a very long-term investing game.
That is, after all, essentially what Musk is doing himself. While there is real competition to corner the electric-hybrid truck market, a race with Ford, the real hope of Tesla's long-term status is more reliant on being innovative, not on being "THE" manufacturer of a hybrid car. This somewhat conflicting paradox at least partly lies at the stem of those debating the merit of its established value today of $1025 per share. It is joining the 1k club, with opinions still completely all over the board both as to why, and how, it happened. Fun times.
@BDRTrigger33, Filled lower end of gap at $935 went under to $928.51. Didn't participate in earlier rally today, The stock has been and is overladen with bullish sentiment. Another corrective rebound is currently going on. I would dump this dog if NDX rebounds to 9511.88 the previous wave 2 low, 5 waves in place at today's low denotes the larger trend as down. But since TSLA is weaker than the index a break of today's low $928.51 will spur another round of selling.
BDRTrigger33
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@SamSzulc, Sir - this is all super useful data. However, my focus first on Tesla in general is as a retirement folder investment. I am curious to its immediate movements, but it's also one I don't look to "Touch" a lot. This should be a wild ride, I can tell from the data: I am counting on it being a great ride, over many many years. :)
SamSzulc
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Correction: NDX 9511.88 is support, a previous 2nd wave low.