$Tesla Motors(TSLA)$ I have reasons to be bearish on Tesla in short term. It has been one of the most hyped up stocks so far. With all the major headwinds it is facing at the moment, I won't be surprised if it hits 150 or below sooner than expected. Even at 150, it's still on the higher side as far as its price is concerned. While we can't say about its long term prospects, I would definitely bet 150 or lower in short term. It needs to show that it is not just an EV manufacturing company in terms of income & revenue generation. We don't see that happening soon.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments