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zAngus
Feb 15, 2021 11:02 PM

Tesla to Start Making Cars in India, Targeting Vast Market Long

Tesla, Inc.NASDAQ

Description

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.

Comment

Comments
drewby4321
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).
zAngus
@drewby4321, hmm. Great idea re tuk-tuks...
hoarsepower
@Angusmck, VMT.AX should diversify into the TukTuk market then their price may actually do something. (Not holding)
zAngus
@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.
dexternights
India increased Gas prices nearly 100% over last 10 years by way of taxation. So there is a strong push for eclectic vehicles.
zAngus
@dexternights, wow. That's a lot.
OrganicFX
Great work Angus!
zAngus
@OrganicFX, might need a few days to get there. Fingers crossed it heads up.
MirandaSimandl
Great analysis mate..
zAngus
@MirandaSimandl, thanks Miranda.
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