TSLA - Bears Taking Charge

Dec 29, 2020

I've always been skittish about shorting TSLA for obvious reasons, but the bears may be gaining momentum that's hard to ignore. With Wells Fargo analysts making a dire prediction that TSLA is the next AOL, and the uptrend breakdown over the last few days - I think we'll see some more sideways or downward price action on TSLA in the next day or so - short of any major actions regarding the stimulus. North of $674 however, this trade idea flops. Price target $640