TSLA Oversold & Analysts Upgrades☝️-Recovery May Be Possible👍
After TSLA’s new bottom at $166.18😱 and losing nearly $300 billion in market value in two months, analysts say the share-price decline has gone far enough and 🐂🐂🐂 are finally buying the dip, boosting TSLA by 7.82% to close at $183.20 on 24/11 $Tesla Motors(TSLA)$
⭐️ Morgan Stanley analyst said on 23/11 (Wed) that TSLA is approaching his “bear case” price target of $150, presenting an opportunity for investors to buy at a bargain price.
⭐️ Citi analysts upgraded the shares to neutral from sell, saying that a more than 50% slump this year “has balanced out the near-term risk/reward.”
Things Going For TSLA:
🏆 TSLA is the only EV maker covered by Morgan Stanley that generates a profit on the sale of its cars🥳💪
🏆 TSLA is positioned to benefit from consumer tax credits in the 🇺🇸
🏆 TSLA is revamping its 🇨🇳 marketing strategy by offering insurance subsidies after recent price cuts.
However, I will be cautiously optimistic until Musk and Twitter (TWTR) settles down. Investors’ confidence and TSLA’s stock performance are highly linked to the news of TWTR still.
I’ve posted quite a bit on TSLA’s challenges the last few weeks and will not be repeating here ➡️ To read, access them at my homepage by clicking on the Snoopy icon😉
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As usual-🤔💭 Consider POV & Actions of investors + 👩🏻💻👨🏻💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰
Source Websites: Bloomberg
Modify on 2022-11-24 09:12
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