Nice setup into this week: $TSLA
TSLA seems to be set up for an explosive move this week. It's forming a bull flag meanwhile RSI has passed the test at 50 and the MACD is curling up for a bullish cross. So I believe this bull flag will resolve to the upside. And when Tesla gets moving, it really moves.
People always talk about this as just a car company and complain about its valuation. The ventures under the umbrella of Elon Musk's control have considerable future value. The Boring Company could help solve traffic issues and pollution then provide its services to the government (federal or state level) and to cities around the world. Star Link will be able to provide wifi to rural areas where traditional cable companies don't invest too heavily in infrastructure in those areas and eventually provide a network for Tesla cars and who knows what else. Neuralink and Space X have endless possibilities. The growth potential and the amount of value here are tremendous and I'm probably forgetting something.
Needless to say, I'm of the opinion that if you don't have some extra individual exposure to TSLA besides through S&P 500 index funds or growth/EV funds, you are making a mistake. Overweight Tesla. Some of the most bullish price targets are as high as $3,000.
TA set-up looks nice and fundamentally the company is stabilizing financially via the Auto business which will allow them to perfect their moonshots and bring them to market, creating massive value for shareholders.
People always talk about this as just a car company and complain about its valuation. The ventures under the umbrella of Elon Musk's control have considerable future value. The Boring Company could help solve traffic issues and pollution then provide its services to the government (federal or state level) and to cities around the world. Star Link will be able to provide wifi to rural areas where traditional cable companies don't invest too heavily in infrastructure in those areas and eventually provide a network for Tesla cars and who knows what else. Neuralink and Space X have endless possibilities. The growth potential and the amount of value here are tremendous and I'm probably forgetting something.
Needless to say, I'm of the opinion that if you don't have some extra individual exposure to TSLA besides through S&P 500 index funds or growth/EV funds, you are making a mistake. Overweight Tesla. Some of the most bullish price targets are as high as $3,000.
TA set-up looks nice and fundamentally the company is stabilizing financially via the Auto business which will allow them to perfect their moonshots and bring them to market, creating massive value for shareholders.
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