Is Tesla a buy at these levels?
Tesla flirted around 150 levels in its recent sell off before finding its footing and rebounding to the 175 levels where it is hovering around at the moment. So is it a buy?
It depends on your time frame really. Is Tesla a good company? It is fundamentally sound although it still has some issues to sort out especially in this macroenvironment. But few companies have the resources AND the guts to do what they do venturing into avenues that borders on uncharted territories. Well that is because there is only one Elon Musk. As eccentric as he may be, he does venture where no one does or even dare to. So there you are. Especially in a world primed to go AI crazy, Tesla will be very relevant moving forward being firmly entrenched in the new world.
However technically wise, I believe prices may get cheaper in the short term. So I will wait patiently for better prices possibly around the 130 levels before buying.
Disclaimer: Please kindly so your own due diligence as this is a sharing article and in no means financial advise. I am just sharing my opinions and thoughts.
Thanks for reading my commentary. Hope it helps!
Stay safe! 😊
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Modify on 2023-05-18 20:25
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You are bearish for the giant tech stocks! Long or short term? Why?
If it drops to 150-160 I will just buy again!!
i hope tsla can get back to 200 soon
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Tesla a good buy ?
Interesting!
👍