TeslaShort
Tesla - Run for it! PT: $340
Tesla had a great run in the last couple of months! It's time to take profit!
Indicators telling us that current valuation of Tesla is overheating. Needs a good pull-back to at least re-test $ 340. If $340 breaks, we will see $ 260.
"In our view, TSLA shares now appear fully valued after a meteoric run-up," Garrett Nelson of CFRA wrote in a Wednesday note. He maintained his $400 price target on Tesla shares but lowered his rating to "sell" from "hold."
"We see the recent China factory start-up weighing on Automotive gross margins in 1H 2020 and U.S. sales being negatively impacted by the recent phase-out of its federal EV tax credit, rising competition and seasonality," he said.
Trading tips:
Buy: TSLA P 21 FEB 2020 $380,00
Sell: TSLA C 21 FEB 2020 $500,00
markets.businessinsider.com/news/stocks/tesla-stock-price-gains-market-value-higher-ford-gm-combined-2020-1-1028806569
Indicators telling us that current valuation of Tesla is overheating. Needs a good pull-back to at least re-test $ 340. If $340 breaks, we will see $ 260.
"In our view, TSLA shares now appear fully valued after a meteoric run-up," Garrett Nelson of CFRA wrote in a Wednesday note. He maintained his $400 price target on Tesla shares but lowered his rating to "sell" from "hold."
"We see the recent China factory start-up weighing on Automotive gross margins in 1H 2020 and U.S. sales being negatively impacted by the recent phase-out of its federal EV tax credit, rising competition and seasonality," he said.
Trading tips:
Buy: TSLA P 21 FEB 2020 $380,00
Sell: TSLA C 21 FEB 2020 $500,00
markets.businessinsider.com/news/stocks/tesla-stock-price-gains-market-value-higher-ford-gm-combined-2020-1-1028806569
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.