To The Moon

1. $Tesla Motors(TSLA)$ price challenging MA60 now $Tesla Motors(TSLA)$ shares closed at $241.2 on Tuesday, slightly lower than the MA60 price of $241.74. And it rise in pre-market Wednesday, higher than the MA60 price. Today’s main thinking is that MA60 presents a dividing line between bulls and bears in technical analysis. It may be applied to expect that if $Tesla Motors(TSLA)$ successfully breaks out to upward, it may show more upward momentum. 2.What May Drive $Tesla Motors(TSLA)$ ‘s Price Higher？ Business development：Model Y could be the first model Tesla rolls out in India. The Model Y, which is based on the Model 3 sedan platform, is a mid-sized crossover SUV built by Tesla since 2020. Earning and fundamental: Tesla's earnings before interest and tax (EBIT) have dropped by 14% over the past year. This downward trend could potentially affect the company’s ability to manage its debts if it continues. Future guidance: $Tesla Motors(TSLA)$ produced mediocre results for Q3, but at least it generated positive free cash flow. The numbers should be much better in Q4. Analysts now forecast 73 cents for Q4. That represents a 10.6% potential gain in EPS. Valuations: Tesla is trading at a high earnings multiple with a P/E ratio of 70.94. This reflects investor confidence in the company's future growth prospects but also indicates a premium pricing for the stock. Target price from analysts：Based on 33 Wall Street analysts offering 12 month price targets for Tesla in the last 3 months. The average price target is $248.54. Big Morgan Stanley $TSLA upgrade with 60% Price Target increase ($250 to $400) certainly helps. 3. Other Discussions on $Tesla Motors(TSLA)$ 4. Question for Tigers Do you think $Tesla Motors(TSLA)$ will break out to run a Wave 5? What’s your target price for $Tesla Motors(TSLA)$? Any other strategies you would like to share with Tigers?