Monday, 10 April 2017

TSLA - super charged

Whilst the main market managed moderate gains, there was more notable strength in Tesla (TSLA), settling +3.3% at $312.39. Near/mid term outlook is bullish, with viable upside to the 380/400 zone by spring 2018. 

TSLA, daily

TSLA, monthly


Suffice to add, mainstream analysts are perpetually increasing their upside targets...


The products are great, the CEO is something of a visionary, but the valuation for Tesla is beyond 'ludicrous mode'.

... but that sure doesn't mean I'd ever try shorting this cash hungry monster.