$Tesla Motors(TSLA)$ TSLA share price hit a low of 150.04 and closed at 150.23. It failed to breal 150 during trading. There is very strong support at 150 and this could be the real bottom now. Come Monday, if it doesnt break 150, it should move strongly upwards towards 160. Tesla stock has a huge potential to make profits in the coming new year. It has very strong support from institutions owning 44.7%. TSLA is in expansion mode rolling out more EVs in the next few years, opening new production facilities in Texas and Germany. The company is looking at reducing battery costs and boosting vehicle range. Best of all, TSLA has no debt and it released record Q32022 earnings. Pick up TSLA now, keep buying on yhe dips and we wait for 160 to break in the new year.
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.
Up