Tesla forcast for the next year IMO.

I think Tesla has simply run up too fast and needs some consolidation in the 700-500 range. With a 150 Billion Market cap and a PE at 250 they are just too over valued to invest in and feel good about it. A lot will depend on the second quarter results, I think Elon has reduced the price on the cars in hopes to sell every Tesla he has and turn a profit and get into the S&P 500 . I don't think Tesla will turn a profit in the second quarter and thus will not make it into the index. If they do somehow make it in that will change the forecast quite a bit.

Battery day is already priced in IMO , The expected news has leaked out enough that I din't see how it can be any better than the hype. It might jump a small amount on the news but it won't sustain.


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