Is Tesla (tsla) In Trouble?

Discussion in 'Investment Charts' started by longtermbull, Jul 26, 2017.

  1. Chartman

    Chartman Senior Investor

    Joined:
    Sep 2017
    Posts:
    652
    Likes Received:
    8
    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.
     
  2. Buyonthedips

    Buyonthedips Senior Investor

    Joined:
    Feb 2018
    Posts:
    431
    Likes Received:
    1
  3. Chartman

    Chartman Senior Investor

    Joined:
    Sep 2017
    Posts:
    652
    Likes Received:
    8
    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?
     
  4. Chartman

    Chartman Senior Investor

    Joined:
    Sep 2017
    Posts:
    652
    Likes Received:
    8
    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?
     
  5. Buyonthedips

    Buyonthedips Senior Investor

    Joined:
    Feb 2018
    Posts:
    431
    Likes Received:
    1
    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.
     
  6. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    994
    Likes Received:
    8
    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.
     
Tags:

Share This Page