To The Moon

Yesterday, $Tesla Motors(TSLA)$ closed down 0.74%, ending a record-breaking 13-day consecutive gains. During this period, Tesla's stock price soared over 40%, with its market value increasing by over $200 bln, making new market value of approximately $814 billion.

After experiencing a significant decline in 2022, Tesla's remarkable surge has resulted in substantial losses for the short sellers. Data shows that Tesla's 13-day consecutive increase has caused short sellers to lose over $7 billion. The losses for this year have amounted to nearly $12.7 billion.

Cathie Wood Sold $Tesla Motors(TSLA)$ and $NVIDIA Corp(NVDA)$ at high

On Monday, Cathie Wood's funds, including $ARK Innovation ETF(ARKK)$, $ARK Autonomous Technology & Robotics ETF(ARKQ)$ , and $ARK Next Generation Internet ETF(ARKW)$ , sold a total of 393,000 Tesla shares, amounting to nearly $100 million at high point.

They also sold 20,100 shares of $NVIDIA Corp(NVDA)$ .

According to the latest disclosed holdings data, Tesla remains Cathie Wood’s top holding, accounting for 11.17% of their total assets.

However, following this surge, there have been voices discussing a potential pullback for Tesla.

Refinitiv data shows that Tesla's stock price is currently significantly higher than the median target of $200 given by Wall Street analysts.

Some analysts believe that the relative strength index (RSI) data indicates Tesla's RSI is at 86, which suggests it is in overbought territory.

Would you follow Cathie Wood to sell Tesla and NVIDIA at high point?

Do you think Tesla will experience a pullback in the coming week?

If there is a pullback, what price range will Tesla's stock fall into?

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