AdamDavis
2022-05-16

When there is hysteria in the market, sky-rocketinginflation, geopolitical risks and the slowdown of the economy can $Tesla Motors(TSLA)$ still update its historic high before global correction?


Fundamental indicators:

  • Revenue and Profits - quarterlyearningsare beating wall street expectations
  • Profit margin - getting into double digits with 17% however it's nowhere near enough effective with the current P/E
  • P/E - outrageously high ratio of 92x but down from 953x back in December 2020
  • Liabilities - no problems with debt


Technical Analysis (Elliott Waves):

  • Since the fall of 2020Teslahas enjoyed enormous 1600% increase in share price - no one can deny that it's a bubble of extreme proportions
  • The crux of theElliott Wavecount is the movement between January 2021 and February 2022 - in this scenario a Running Flat is proposed as wave 4 withEnding Diagonalin wave C
  • As one of the options, fifth wave may be quite rapid with a target to complete before the next report in July 2022


What do you think about this scenario on Tesla?

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