Good news stock will not go back to 220$ bad news it can gap fill at 270$.
Tesla Stock Is Finally Down. That Isn't All Bad
Tesla stock was lower to start a new day of trading because trees don't grow to the sky.Shares of the electric vehicle maker were down 1.7% at $344 a share in premarket trading Tuesday while S&P 500 and Dow Jones Industrial Average futures were down about 0.2%.Coming into Tuesday trading, Tesla stock rose for five consecutive days, gaining about $107 per share, or 44%, over that span, adding an incredible $344 billion to the company's market value.The presidential election was the catalyst for the move. Tesla CEO Elon Musk backed Donald Trump and many Wall Street analysts expect the relationship to yield some benefits for Tesla over time. Wedbush analyst Dan Ives initially estimated that a Trump victory could add up to $50 to Tesla's stock price. Monday, he raised his target price by $100 to $400 a share while keeping his Buy rating.Coming into Tuesday trading, Tesla stock was up 38% year to date. All of that gain, and then some, was generated in the past few days.
Tesla Stock Is Finally Down. That Isn't All BadDisclaimer: 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.