$Tesla Motors(TSLA)$
The Morgan Stanley analyst upgrade for TSLA with a price target of 400 appears to be a little over optimistic given no real fundamental shifts in the business of late.
Some catalysts could include the possibility of a Cybertruck announcement in due time, but I feel that this may have been priced in, and with the discounts that have been given lately, I doubt that TSLA can return to it's previous sales margins.
I may sound like a Perma bear but I lean towards TSLA heading down as the speculation arising from the $400 price target, may lead to an exit out of the positions at the end of a week where CPI has ended up a little hot, 0.1% hotter to be accurate.
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Comments
According to the chart, the only question seems to be will TSLA revisit $229-$230 and hold some support, or head back down to around $210-$212?
If it goes down on Monday, it may hit 237 and then 350 by Oct 15 with cyberattacks rally. If it doesn’t go down, then 350 from here by Oct 15th.
The performance Cybertruck should be the first to be delivered, galvanize the market, and prepare better for mass delivery.
Google Oracle police cybertruck if you have not seen this...version of the truck. It's very nice.
Whales waiting to drop to 180 and collect back.
Cybertruck frenzy is growing.