Elon Musk says Tesla’s stock price is too high on 1 May. We have been warning for this fact for a long time.
With this economic scenario the TSLA stock prices will decrease no matter what. Every analysis of the numbers (avaluation, profits, etc) would already tell us that the stock was overpriced even before covid.
A New recession is coming in the next years. Everyone knows but no one cares. Good for me. Good luck my friends =D
It can drop a little more but it will recover with strength.
If it breaks the 110 level it might go really fast to 50...
2000 level Rejected 3 times (unlike the previous Highs)! Trend will be downwards for a while. It will reach at least 1500. Although it is financially a good company, right now, it is overvalued. It does NOT quadrupled (300%) is value since Fev 2016 (500) to Jul 2019 (2000)... Let me now if you also think this is the most probably scenario (message or like button)
Bought at 0.030 USD Stop Loss: 0.025 USD Next Target: 0.100 USD Profit: +130%