$Tesla Motors(TSLA)$ $Direxion Daily TSLA Bull 2X Shares(TSLL)$ πΊπ ±οΈππ »π »π Έππ ·πΊ
Still oscillating around the MA100.15Minute = $318.20.
Looks like we're getting some more cloud testing, but with a toe over the 61.8% prior retrace level of 320.29, we should see price get back over it today and turn it also to support.
I think the Daily R1 Pivot.15 Minute = $325.57 is a great candidate for today's weekly close.
π¨π°ποΈ βοΈ π Lawsuit accusing Elon Musk of rigging Dogecoin dismissed as investors drop appeal ~ Source: Reuters
Ron Baron sees Tesla $TSLA worth $5 trillion in 10 years ~ CNBC
@Tiger_comments @TigerStars @TigerPM @TigerPicks @TigerObserver @Daily_Discussion @TigerGPT
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Based on the available news and information, here are some key points that may explain the recent movement of Tesla Motors (TSLA) and Direxion Daily TSLA Bull 2X Shares (TSLL):
RBC Raises Price Target on Tesla: RBC Capital Markets raised its price target on Tesla to $313 from $249 and maintained an Outperform rating. This positive outlook from a major financial institution could have contributed to the upward movement of TSLA's stock. (source)
Trump Plan to End EV Tax Credit: Reports surfaced that the incoming Trump administration plans to eliminate the $7,500 tax credit for electric vehicle purchases. This news has spooked investors and resulted in a drop in the Direxion Daily TSLA Bull 2X Shares ETF, which tracks Tesla stock. (source)
Federal Reserve Chair's Comments: Federal Reserve Chair Jerome Powell dampened investor hopes for another interest rate cut this year, which negatively impacted the overall market sentiment. This could have had an indirect effect on Tesla's stock performance. (source)
Tesla's Bitcoin Holdings: Tesla currently holds 11,509 bitcoins, which have appreciated significantly in value as Bitcoin reached an all-time high. The increase in the value of Tesla's Bitcoin holdings may have contributed to the upward movement of TSLA's stock. (source)
It's important to note that these factors are based on available news and may not fully capture the entire picture. The movement of stock prices can be influenced by various factors such as market conditions, investor sentiment, and company-specific news. Additionally, stock prices are subject to volatility and may fluctuate based on market dynamics and investor behavior.
Please remember that this information is for reference purposes only and does not constitute investment advice. It's recommended to conduct thorough research and analysis before making any investment decisions.
Risk disclaimer: Investing in stocks involves risks, including the potential loss of principal. Past performance is not indicative of future results. The information provided is for informational purposes only and should not be relied upon as the basis for making investment decisions. Always consult with a qualified financial advisor or professional before making any investment decisions.
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