Well, Tesla was always my banker for a volatile share price! Even though the stock fell by $10 yesterday it is still within the very tight trading range of late. Will we see a burst upwards or a collapse on the downside?
The ever tightening trading range for Tesla is coming to a head and again we will see a burst upwards or a collapse on the downside. Personally, unless we see some major good news in the short term I have an inkling we will see a sell-off.
Things will come to a head very soon with this one - my guess is the shares will shift downwards in the short term on a lack of good news. Maybe that might be a good buying opportunity.
Wrong again! The break out was on the upside. What a nightmare of a stock to predict! I see Dyson have pulled out of EVs despite investing £2.5b in R&D. They say there is not enough money in it.
I also saw that, Dyson have scrapped their plans for an EV despite ploughing £2.5b into the project! So, how can Tesla make money? There is a glut of petrol/diesel cars today which will put downwards pressure on prices. This will in turn make the difference in price between ICE cars and EVs even greater, thereby reducing their appeal?
If the shares can continue edging higher in the short term they may have a chance of getting back to the $300 level - interesting turnaround when you consider the negative comments from the EV industry of late.
Putting aside the fundamentals for one moment, there appears to be strong demand for these shares just now. Is there anything going on behind the scenes?
Did I see someone has created an EV battery which dwarfs what is out there at the moment regarding mileage capacity?
Well, who would have guessed that Tesla would have surprised on the upside with a quarterly profit? While this obviously took the market by surprise, will we see a profit in the next quarter and the next one and the next one…….