$Tesla Motors(TSLA)$ Tesla is bullish today and have close above $200, but the moment may not continue, be cautious of tomorrow, price will usually close lower on the last trading day of the week.
For a short-term prediction like tomorrow, the outlook can be influenced by a mix of factors such as market sentiment, news developments, and broader economic trends. If recent news or market trends are favorable, there could be a bullish movement, but if there are negative reports or broader market sell-offs, it could lean bearish. I personally lean towards the later.
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Comments
Everybody knows by now this stock is completely overvalued, PE is around 100, Last 2 quarters profits were 2.6 billion, just to pay EM bonus it will take the next 10 years of profits.
90% profits came from car sales, this is just an overvalued car company, nothing more.
Seriously- a car company with a forward PE of 95?
Elon is selling 2 billion worth tsla stock.