Earlier this week, given the weak overall market environment, I was suggesting to buy dips in TSLA to 230. However, the market continued lower and TSLA has ground slowly higher, tacking on 1% roughly each day. The is SO OUTSTANDING that in hindsight it may be the biggest signal we will ever see in any stock chart. Now the last four days trading range are ROCK SOLID SUPPORT for a long time. I will make a new chart if TSLA breaks key support.
This is very likely the beginning of a long and steady ride higher in TSLA to the 300-400 level and a market cap of $35-$40 billion.
Tim 243.82 last (it was 241 as I began putting this chart together).
I see your comments all dealt with the positives aspects of the recent conference call and not the negatives. Ignoring the fundamentals (e.g. evaluation) and relying completely on the positive side of the conference calls may be dangerous. On the negative side of the argument, TESLA finally fessed up on the drive train issues which have been going on for a while as reported by Edmunds and ignored by all news outlets and TESLA. With the GM recall fresh in the minds ofd the regulators, it is prudent that the NTHSA plays a more proactive roll; there may be some news on this front soon. But based on the history of the TESLA stock movements is seems even bad news move the stock up! So go figure!