🔋🚘TSLA To The Moon Again🚀🚀🚀🌕
@Tiger_chat asked “Can TSLA guard $200 this Friday”❓
My reply ➡️ 🔋🚘 TSLA will likely guard $200🤩😍🤗🥳 but I won’t be surprised if it closes below $200 & my reasons are below❣️
$Tesla Motors(TSLA)$🔋🚘TSLA skyrocketed again on 9/2 (Thu), pulling off a stunning 6-week rally🚀🚀🚀🌕Its shares were up more than 6% at one point before closing up 3% at $207.32, marking a 104% gain from their 6 Jan intraday low of $101.81.Shares of 🔋🚘 are experiencing an unprecedented surge in demand due to:
(1) Easing concerns about future Fed rate hikes🥳
(2) Favourable Q4 2022 earnings🥳🥳
(3) Signs of rebounding demand for EVs due to price cuts✂️ & Biden administration announcing expanded tax credits for EVs🥳🥳🥳
(4)🔋🚘 supporters are excited & fired up for the 1 March Investor Day❣️
➡️ Musk is set to lay out his “Master Plan 3” for the company, which will focus on increasing the capacity of the supply line & overall increase the production of new vehicles.
(5) The National Transportation Safety Board has concluded an investigation into a fatal 🔋🚘 crash that occurred in Spring, Texas in 2021 ➡️ They found no evidence the company's driver assistance system, which is marketed as Tesla Autopilot, was in use at the time of the crash, clearing the name of Tesla Autopilot🥳🥳🥳
(6) Musk & 🔋🚘 have been cleared of wrongdoing in a lawsuit over a pair of tweets from Musk that investors say cost them billions of dollars.
➡️ Musk had tweeted that he planned to take the 🔋🚘 at $420 a share, & had “funding secured” to do so. The posts triggered stocks to surge over a 10-day period before falling back after Musk abandoned the deal, investors argued.
➡️ After a 3-week trial, a jury in San Francisco ruled on 3/10 (Fri) that Musk had not deceived investors with 2 tweets posted in Aug 2018 about a 🔋🚘 buyout that never happened.
🥳🥳 This marks an important victory for Musk &🔋🚘 investors who is embroiled in several lawsuits
(7) All bad🗞🗞🗞 about Twitter🐦 & Musk seems to have lessened🧯🔥
(8) A frenzy of speculative trading in recent weeks & retail investors rushing back into their fav💗urite 🔋🚘
‼️Last week, 🔋🚘 drew a 24% share of single stock purchases & 33% of overall net purchases across all 🇺🇸 securities.
⚠️ Warning for fellow 🐯🐯🐯:
➡️ Vanda Research said fear of missing out & “momentum remain the main drivers of flows, meaning that retail investors remain susceptible to negative catalysts”.
➡️ Analysts pointed out that are showing signs of excessive buying, & a short-term peak should be next week as 🔋🚘 is nearing resistance levels of $200-$215, suggesting a decline is imminent❗️
⚠️⚠️Despite all that 🔋🚘 has going for it, the Overall Average Signal calculated from 13 indicators on 9/2 is a 24% Sell Rating. At the time of writing, the shares are down 2.9% at $201.30❗️
Fellow 🐯🐯🐯 What do you think 🔋🚘 TSLA’s share price will be after 1 March Investor Day❓Vote & share your thoughts about 🔋🚘 with me in the comments section❣️Please help to click on the “Like” & “Share/Repost” buttons at the Bottom Right corner so that more 🐯🐯🐯 can access this information, many thanks🤗🥰 You will Greatly Encourage Me❣️
As usual-🤔💭 Consider POV & Actions of investors + 👩🏻💻👨🏻💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰
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saying below 200 is safe. should have given us a range.