Over the past few years, not many companies have seen the hype that Tesla has when it comes to its stock performance.
Starting at $1.10 in 2010 and pushing up to the range of $1200 near a decade later (before the stock split), early investors have enjoyed monumentally unfettered growth in profits.
A side-effect of this historical growth has been undeniable euphoria. There is no better drug for a trader to experience. Even after Elon Musk sold large amounts of his shares, euphoria is what kept many retail investors loyally invested. The only reward to come was a loss of peak gains.
Although Tesla has more juice in the battery pack and could easily extend its value towards $520 in the months ahead, the pending correction will be monstrous and one that any investor should want to protect themselves against.
See related ideas below:
Tesla Prepares for Major Dip... (before a stock split was actualized, the waves showed that a return below $500 was very likely to come).
Tesla Returns to $50... (a supremely immature call. The current position of the pattern was also incorrect however, the retest level below $50 is very likely to manifest beyond 2023).
Starting at $1.10 in 2010 and pushing up to the range of $1200 near a decade later (before the stock split), early investors have enjoyed monumentally unfettered growth in profits.
A side-effect of this historical growth has been undeniable euphoria. There is no better drug for a trader to experience. Even after Elon Musk sold large amounts of his shares, euphoria is what kept many retail investors loyally invested. The only reward to come was a loss of peak gains.
Although Tesla has more juice in the battery pack and could easily extend its value towards $520 in the months ahead, the pending correction will be monstrous and one that any investor should want to protect themselves against.
See related ideas below:
Tesla Prepares for Major Dip... (before a stock split was actualized, the waves showed that a return below $500 was very likely to come).
Tesla Returns to $50... (a supremely immature call. The current position of the pattern was also incorrect however, the retest level below $50 is very likely to manifest beyond 2023).
Decode the wave, anticipate the move // ElliottWaveScience.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Decode the wave, anticipate the move // ElliottWaveScience.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.