AngusMcK

Tesla to Start Making Cars in India, Targeting Vast Market

Long
NASDAQ:TSLA   TESLA INC
Tesla could be at a good technical buy area, and bolstered by the news of potentially beginning production in India - a MASSIVE market - could bode well for the stock.

RSI also at a good value area. If it starts moving up - especially through the RSI (14) 55 level it would be a good indication of bullishness returning to the stock now that it has spent some time consolidating.

Well worth a watch.
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Comments

Could eventually be a great impact on both air and noise pollution for India. I'm curious if there is an EV company working on electric Tuk-Tuks (I think they just call them taxis in India).
+2 Reply
AngusMcK drewby4321
@drewby4321, hmm. Great idea re tuk-tuks...
+1 Reply
zbfairlane AngusMcK
@AngusMcK, VMT.AX should diversify into the TukTuk market then their price may actually do something. (Not holding)
+1 Reply
AngusMcK zbfairlane
@zbfairlane, yeah I like Vmoto. There are a couple of electric moped companies too in Asia that I had shares in. SOOOO many bikes overseas.
Reply
India increased Gas prices nearly 100% over last 10 years by way of taxation. So there is a strong push for eclectic vehicles.
+1 Reply
AngusMcK dexternights
@dexternights, wow. That's a lot.
Reply
Great work Angus!
+1 Reply
AngusMcK OrganicFX
@OrganicFX, might need a few days to get there. Fingers crossed it heads up.
Reply
Great analysis mate..
+1 Reply
AngusMcK MirandaSimandl
@MirandaSimandl, thanks Miranda.
Reply
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