Whilst the main market saw a day of weak chop, there was notable strength in Tesla (TSLA), settling +3.3% at $352.77. Near term outlook offers further upside into the $360s. Things will turn exceptionally bullish with sp'2490 and/or TSLA >370. The bears have nothing to tout unless a bearish break <320.
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Summary
Suffice to add, TSLA remains a stock that is bizarrely valued, but protected by a titanium 'free pass' that the capital market continues to provide the CEO Elon Musk.
To be clear, I really like the product, and the CEO is genuinely inspirational, but on a pure valuation basis, the stock is ludicrously priced.
Due to its nature of being a momo stock, it is arguably one that simply can't be shorted, even if the main market has stalled or leaning weak.
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yours... would like to order a fully self driving Tesla by 2025.