Hello fellow traders and investors, here's an update on the previous TESLA trade idea. TSLA has pulled back to the bottom of the uptrend channel. If Tesla makes a recovery to ATH's it offers a 28% ROI.
Technicals: The Macd indicates that TSLA is in a downtrend The RSI is looking relatively oversold
When To Buy: Now
When To Sell: Previous high
Fundamentals: Tesla , Inc. engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation, and storage systems. It also provides vehicle service centers, supercharger stations, and self-driving capability. Tesla is currently overvalued at around a P/E of 715, a P/S of 18.95, a debt/equity of 0.47, sales growth Q/Q of 73.60%, an EPS growth Q/Q of 2637%, a profit margin of 3.10% and a short float of 6.64%.
Rating: 80/100 the technicals look decent but I personally think they are an amazing company with an expensive valuation.
I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, share and comment your thoughts. Thanks
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