It can be argued that no CEO has taken on more responsibility than Elon Musk. In addition to running Tesla, Musk is also founder and chief executive of SpaceX, which has a stated mission of colonizing Mars. SpaceX also owns and operates the Starlink satellite internet network. Musk is also founder and CEO of tunnel maker the Boring Co. Further, Musk runs Neuralink, which seeks to tie human brains to computers.
With all that going on, Musk watchers say he may have overextended himself with the plan to buy Twitter. In that regard, dropping that plan could have benefits.
Checkup On Tesla Stock
According to the some Stock Checkup tool, Tesla stock has a healthy Composite Rating of 96 out of 99. When choosing growth stocks for the biggest potential gains, based on the investment paradigm, focus on those with a Composite Rating of 90 or higher.
The stock also has a Relative Strength Rating of 92 out of 99. The rating means that Tesla stock has outperformed 82% of all stocks over the past 12 months. Ideally, look for stocks with an RS rating of 80 or higher.
Its Accumulation/Distribution Rating is B+. That rating analyzes price and volume changes in a stock over the past 13 weeks of trading. A grade of A signals heavy institutional buying. The lowest rating of E means heavy selling. Think of the C grade as neutral.
In the stock market, timing is critical. So when you're looking for stocks to buy or sell, it's important to do the fundamental and technical analysis that identifies lower-risk entry points that also offer solid potential rewards.
Is Tesla Stock A Buy?
Tesla is not a buy at this time. It has hit resistance at the 200-day line, so the short-term outlook is poor. After a strong July, this pullback is not surprising, and the stock is well below prior highs. But Tesla stock is holding above its 50-day moving average, which is a positive sign.
So im partly bull bear in this stock đ
Comments