To The Moon

Musk's recent focus on $Twitter(TWTR)$ has dampened market sentiment. $Tesla Motors(TSLA)$'s market value has evaporated by nearly $300 billion in two months. But Wall Street analysts said the company's stock price has bottomed out, advising investors not to miss the buying opportunities. Tesla's plunge this year has reduced the stock's forward P/E from more than 200 times in early 2021 to 31x. As of the close on Wednesday, Tesla was trading at $183.20, up nearly 8%, its biggest one-day gain since July. Before you decide whether to bottom Tesla or not, let's find out why Tesla rebound. Why did Tesla rebound? 1) The stock fell to the support level technically From this wave of down trend, the technical analysis indicated the bottom may be around $165, which proved to be true because Tesla fell to $167. Back in 10 Nov, Fundstrat technical strategist Mark Newton says: Musk would continue to sell$Tesla Motors(TSLA)$, and another sell-off is expected in late December and from March to May. Tesla shares are on the downside and are likely to fall to $165. In the "extreme case", it could even reach$109. Investors should avoid buying it in the short term. Recently, Morgan Stanley analyst Adam Jonas said earlier that Tesla is approaching his "bear market price target" of $150, which provides investors with an opportunity to bottom. 2) Analysts Upgraded Tesla's Target Price Citi analysts upgraded the stock to neutral from sell, saying the stock's more than 50% decline this year "offsets short-term risk. Citi analyst Itay Michaeli also upgraded the stock on Wednesday, giving it a $176 price target, one of the lowest on Wall Street. The analyst said he became more optimistic as Tesla's plunge means some of the stock's overly optimistic expectations have now been repriced. 3) Elon Musk soothes the investors Musk revealed that he work hard on dealing with Twitter's matters and will go back to Tesla after the things settle down. Buy dip or not - Let's look at others Tigers' view Bullish On 12th Aug, @Furore : However, for long term investors, the recent dip from $900+ could be a good chance to pick up some. Especially for those that missed the recent drop below $700.... Hence, my take is short term uncertainty with bearish sentiments and long term bullish outlook. On 17th Oct., @pekss : Tesla has a psychologically strong support level at $200, approaching which should see the bulls returning to offer their support. On 22th Nov. @melson : if you compare tsla with$Invesco QQQ Trust(QQQ)$, tsla underperformed by about 23%. usually tech stocks like tsla will out perform qqq over time. so in my opinion, this is a good time to accumulate. Bearish On 20th Nov. @maricel : Hard to even guard USD 200.00 at end of the year looking at how things are developing. Musk is having his hands full with Twitter. Other than Twitter, he still have other companies under his charge. He even mentioned that he is having too many things on his plate. On 22th Nov. @Omega88 : Elon Musk has been cashing out from his Tesla positions at $200+ while Warren Buffett has trimmed his stake in BYD !! I think that the share price would likely drop more. On 23th Nov. @Jadenkho : $Tesla Motors(TSLA)$ on the verge of falling so I'll just wait and observe for the time being because it might be going down for another new records of 52wks low. Will you bottom Tesla after the 8% jump? What's your target price? Join our topic to win at least 50 tiger coins~