What a few weeks it has been for the Tesla share price! Even though it has fallen back more than $200 from its recent high, the performance over the last few months has been nothing short of phenomenal. It would take a brave person to forecast movement over the next couple of weeks let alone the next couple of months! While there are a lot of technical issues at play with this particular stock, it does seem as though investors are starting to fall back in love with Tesla.
People will complain but there is nothing wrong in taking advantage of a huge share price rise to raise some funds for a rainy day https://www.theverge.com/2020/2/13/21136164/tesla-2-billion-stock-offering-elon-musk-cash-raise After all Elon Musk is putting his money where his mouth is with a $10m investment in the fund raising - cant ask for much more than that?
There are a lot of encouraging noises coming from Tesla at the moment - I wonder, have they got a new surprise up their sleeve? A reason to raise the $2b other than taking advantage of the share price?
This rise and rise in the share price of Tesla is absolutely crazy! All analysts seem to be joining the party with the latest short-term price target in excess of $950. However, the shares have already been higher than that in recent trading. Surely, one negative piece of news and this will all come crashing down?
This is crazy! How have the fundamentals of Tesla changed so much in just a few months? Analysts can only be expecting huge huge profits in the medium term to justify such a value.
I would expect the Tesla share price to consolidate somewhere between $800 and $850 ahead of the fundraising. We need to see some of the pie in the sky valuations reined in a little because talk of a share price of $7000 in a few years is not really helpful. Nobody can put their finger on the reason why the shares have increased dramatically of late but what we do know is there is no room for error.
You cant blame those who bought lower down for taking a profit after the huge rise in the share price. Another share with a lot of hope value which disappeared when the main market took fright. Will this impact the fund raising or has this been completed?
Will those targetting $7000 a share be advising their clients to buy on weakness? Also, there would appear to be some Tesla operational issues in China with the virus still causing huge problems.
Tesla has held up surprisingly well bearing in mind the near $1000 spike was more technical than fundamental. However, if the markets continue to fall and Far East operations are impacted the shares will tumble.
A near $100 fall in one day! If Tesla really has turned a corner then there will come a point to buy some and tuck them away.
