If you look at the daily chart, TSLA is in a flag pattern. It's in the sideways range portion of the flag. The range is from $294.10 to $313.73 therefore it may go to $310 however it may also turn around and test the lows of the range. It will need a catalyst to break the range. Any move between the high and low of the range is for a scalp, not a position. Our job as traders is to react and extract value from the price movement not predict the direction.
I tied all of my money in other stocks Forgot all about Tesla....but yep, that Friday bump just like you said.
Shorting Tesla is shorting Elon Musk, the most capable man in history. Shorts will regret dearly. They could have gone long gain 30X. Elon clearly stated this is going to go up 10X very soon. Unfortunately, shorts think Elon lies. Shorts deserve the coming pain.
SAN FRANCISCO — Tesla will double the number of charging locations available to owners of its 200,000 electric vehicles by the end of the year, the company announced in a blog post Monday. https://www.usatoday.com/story/tech...talls-anticipating-model-3-rollout/100839624/
It is needed because of the onslaught of the cheapo M3 owners coming, but: 1. Tesla will not double its network this year, maybe 50% of its existing. 2. It is not needed that quickly because there will be no more than maybe 20-30K M3s made this year. But as usual, this news sounds good for the stock price.
This is pretty cool too. https://electrek.co/2017/04/22/tesla-patent-automate-charging/ They are busy..... lol https://electrek.co/2017/04/21/tesla-model-3-production-line-automated-robot-snake-supercharger/
Yeah, whatever happened to their battery swap system? A totally stupid idea, made just for milking the government subsidy and never implemented. Imagine you have a 90K brand new Tesla with a brand new battery, then after driving 300 miles you go to a swapping station and they take out your new battery and give you a 3 years old used one. Yeah, that is what rich people want. In the main time in Europe, the other carmakers got together and building a charging network for all the other EVs...