
NASDAQ:TSLA
This summary was created by AI, based on 44 opinions in the last 12 months.
Tesla Inc. continues to be a focal point of debate among investors and analysts. On one hand, experts appreciate its impressive revenue growth and market presence as a leading electric vehicle manufacturer. However, many express concerns about its high valuation, trading at multiples that seem unsustainable given recent operational challenges and increased competition in the EV and robotics markets. Although there are optimistic views on the company's future, particularly regarding Tesla's venture into autonomous vehicles and robotics, others caution against over-reliance on Elon Musk's vision, suggesting it may lead to volatility and unpredictability in stock performance. The mixed sentiments result in a split perception of Tesla's future, oscillating between excitement for growth potential and skepticism about current valuations.
Is there more upside after the post-election rally? Tesla has more self-driving data than Waymo, data that could work in Musk's favour with Trump. Shares are up 85% since the vote (86% this year). Given Musk's relationship with Trump, investors will ignore PE and pay anything for Tesla shares. Also, today, Tesla saw an analyst upgrade.
Record highs were in 2021. RSI is a very short-term indicator, comparing today's price to where it's been in the last 14 days; right now, pretty close to the top. Doing well again today, but how long can this be sustained? A very jumpy stock. Could suffer a pretty big pullback to the high $200 level very quickly, about a 20% drop. Support level at $280. Valuations are difficult.
Be very careful. Don't place big bets, not a candidate for 10% or more of your portfolio. If you think it's going higher, you might consider buying some options, which would reduce your overall risk to some degree.
There are potential substantial tariffs on China under the new administration but he is not convinced they will carry through with them. Tariffs on China would not be good for Tesla because China would retaliate and a lot of Tesla's products are made there. Also every major car company has a slew of EV's so Tesla should trade closer to these companies, which are not great investments in themselves.
Chart shows a nice rounded cup, and then went parabolic. A pullback would be the "handle" to the cup. Pullback might be to the top of the cup, ~$360. It probably won't drop that far, perhaps around $400. And then it will be on its way. Great-looking chart, probably lots of upside.