Guavaxf30
04-18
$Tesla Motors(TSLA)$  

The attempt to break out failed. Tesla needed to enter the earnings reporting week with some cushion. The way it ended the trading week is not good.

At $241 plus, my expectation is it will retreat to $230 prior to Tuesday the 22nd April. And if the earnings results are as poor as I expect it to be, Tesla will likely go down to $220. Or lower. 

But beyond this earnings season, I expect Tesla to fall even further to below $200. Again, my target price by mid-year is $180. I am kinder than Wells Fargo and JP Morgan who have called $120......


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Comments

  • Merle Ted
    04-19
    Merle Ted
    when affordable car/robotaxi hit the road -add +up to 400 points to 240 stock price
    • Guavaxf30
      I doubt it is happening, friend. Elon has already said it is meaningless for Tesla to do this. Effectively cancelling the cheaper $25k Tesla project.
      Check out his statement on this.
  • Enid Bertha
    04-19
    Enid Bertha
    bulls and bears know the earnings are not going to be great……..boost will be from innovation and future potential
  • EVBullMusketeer
    04-18
    EVBullMusketeer
    That's how Trump treats his own allies. I hate him so much.
  • Sunnylr
    04-20
    Sunnylr
    再见197
  • Zarkness
    04-18
    Zarkness
    Nice sharing of thoughts 💭. 🌹
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