Timonrosso

Tesla is ready to rocket back to $364.28 thanks to W

Long
NASDAQ:TSLA   Tesla
W Formation has formed on Tesla with the price breaking up and out of the neckline.
This shows strong rocket action and we can expect the price to rally on up from here.
7>21
RSI> to the moon!
Target $364.28

ABOUT THE COMPANY

Tesla, the electric vehicle (EV) and clean energy company:

Founder and Visionary:
Tesla was founded in 2003 by a group of engineers, including Martin Eberhard and Marc Tarpenning, with Elon Musk joining as an investor and chairman of the board later on.

Electric Vehicle Pioneers:

Tesla is known for revolutionizing the electric vehicle industry.

It introduced the Tesla Roadster in 2008, which was the first highway-legal electric vehicle to use lithium-ion battery cells.

Supercharging Network:

Tesla has developed a vast network of Supercharger stations globally. Even in Greece they are popping up everywhere!

These high-speed charging stations allow Tesla vehicle owners to quickly recharge their cars, enabling long-distance travel and reducing range anxiety.

Model S:

The Tesla Model S, introduced in 2012, became the company's flagship sedan.

It gained widespread attention for its impressive range, luxurious features, and acceleration, making it a popular choice among EV enthusiasts.

Autopilot and Full Self-Driving:

Tesla vehicles incorporate advanced driver-assistance systems, including Autopilot, which provides features like adaptive cruise control and lane-centering. Sounds like something into the future (Don't you love the future!)

Tesla has been working toward achieving full self-driving capabilities through software updates and hardware enhancements.

Gigafactories:

Tesla operates several large-scale manufacturing facilities known as Gigafactories.

These factories play a crucial role in producing electric vehicle batteries, energy storage products, and solar panels at a significant scale.

Energy Storage:

Tesla expanded beyond electric vehicles and entered the energy storage market with its Powerwall and Powerpack products.

These solutions store energy from renewable sources and provide backup power during outages.

Renewable Energy Integration:

Tesla acquired SolarCity in 2016, a company founded by Elon Musk's cousins, to integrate solar energy generation with its clean energy products. This acquisition strengthened Tesla's commitment to sustainable energy solutions.

Cybertruck:

Tesla unveiled its futuristic electric pickup truck, the Cybertruck, in 2019.

With its unique angular design and promised high performance, the Cybertruck garnered significant attention and generated a large number of pre-orders.

Market Capitalisation and Stock Price Surge:

Tesla's market capitalization grew significantly in recent years, making it one of the most valuable automakers globally.

The company's stock price experienced substantial volatility and dramatic increases, contributing to its status as a prominent player in the financial markets.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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