Ultrahisham
2023-05-18

Is Tesla a buy at these levels?

Tesla flirted around 150 levels in its recent sell off before finding its footing and rebounding to the 175 levels where it is hovering around at the moment. So is it a buy?

It depends on your time frame really. Is Tesla a good company? It is fundamentally sound although it still has some issues to sort out especially in this macroenvironment. But few companies have the resources AND the guts to do what they do venturing into avenues that borders on uncharted territories. Well that is because there is only one Elon Musk. As eccentric as he may be, he does venture where no one does or even dare to. So there you are. Especially in a world primed to go AI crazy, Tesla will be very relevant moving forward being firmly entrenched in the new world. 

However technically wise, I believe prices may get cheaper in the short term. So I will wait patiently for better prices possibly around the 130 levels before buying. 


Disclaimer: Please kindly so your own due diligence as this is a sharing article and in no means financial advise. I am just sharing my opinions and thoughts.

Thanks for reading my commentary. Hope it helps!

Stay safe! 😊


$Semiconductor Bull 3X Shares(SOXL)$ 

$NVIDIA Corp(NVDA)$ 

$Advanced Micro Devices(AMD)$ 

$Taiwan Semiconductor Manufacturing(TSM)$ 

$Tesla Motors(TSLA)$ 


Modified in.2023-05-18
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

  • BruceBryant
    2023-05-19
    BruceBryant

    You are bearish for the giant tech stocks! Long or short term? Why?

    • Ultrahisham
      Short term bearish, long term bullish! Based on fundamentals and technical analysis as well as general market research. But price action is crucial so might pivot as and when! 😊
  • AdamDavis
    2023-05-19
    AdamDavis

    If it drops to 150-160 I will just buy again!!

  • jocool
    2023-05-18
    jocool
    Great ariticle, would you like to share it?
  • HarryCox
    2023-05-19
    HarryCox

    i hope tsla can get back to 200 soon

  • KathCheang
    2023-05-20
    KathCheang

    Great ariticle, would you like to share it?

  • Kyriosyew
    2023-05-20
    Kyriosyew
    这篇文章不错,转发给大家看看
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