Last week, Tesla's stock jumped 27% last week, which is a huge gain. The recent release of Tesla’s Q2 production and delivery report has everyone talking. While the numbers show a decline compared to last year, they still managed to beat analysts’ expectations, giving the stock a much-needed boost.
Is Tesla's current stock price indicative of a long-term uptrend or a temporary spike? After 10 Gains, Will Tesla Hit $300 Before Earnings? What’s next for Tesla after its surge?
Below are some insights from Tigers @Samlunch, @subbu, @nerdbull1669, @jat and @vodkalime. Which opinions do you agree with？
🎁Special Notes: Whoever showed up on the” What the Tigers Say” column will receive 100 Tiger Coins and an exclusive interview invitation to honor your contribution.
Click titles to read the full analysis:
1. @Samlunch: FOR EVERY DOLLAR TESLA MOVES, IT ADDS $3.1B IN MARKET CAP.
Key Points:
july 2nd — closed over $220
july 3rd — closed over $240
july 5th — closed over $250
july 9th — closed over $260
Really hard to believe it was just retail adding $300B in market cap over the past month.
2. @subbu: Also the target of $300 looks quite tenable.
3. @nerdbull1669: Tesla rally is not the same as meme stock rally.
Key Points:
Investor Bill Gross noted that Tesla is behaving like a meme stock with weak fundamentals and a sharp price increase, similar to Chewy and Zapp Electric Vehicles.
If we looked closely on how Tesla stock price movement looks like on the technical (e.g. KDJ), we could see that Tesla has been making a consistent upside move since 13 June when there is a bullish MACD crossover happened.
4. @jat: I do believe Tesla will close at $250 till next quarterly results at least.
Key Points:
I bought a small holding in Tesla at $116 in December 2022, watched it fall to $108, then rebound to $299 before I sold it 1.5 years later at $237, after initially planning to trade it.
5. @vodkalime: Technically TSLA still hold a chance as the price shary cross over 50 SMA.
Key Points:
Ms Nancy was not wrong to sell TSLA in late June.
I can smell that there are policy shaping towards the Semiconductor sector.
Questions for you:
Is Tesla's current stock price indicative of a long-term uptrend or a temporary spike?
After 10 Gains, Will Tesla Hit $300 Before Earnings? What’s next for Tesla after its surge?
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⏰Duration
17 July (24pm EDT)
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