Tesla price action down trend
Fundamentally, the company is strong. From pandemic till now its earnings just keep growing.
Hence the company itself continues to make money.
Price action, however says its downtrending which makes sense in that Elon did sell off a lot for twitter.
Once that normalises, the price action will again follow the fundamentals.
As long as Elon is the lead, I can firmly believe tesla will continue to do good as it leads in continuous innovation.
If you're in long term investing, expect heavy bullish sentiment. If you're a trader, then ride the down trend.
Hence the company itself continues to make money.
Price action, however says its downtrending which makes sense in that Elon did sell off a lot for twitter.
Once that normalises, the price action will again follow the fundamentals.
As long as Elon is the lead, I can firmly believe tesla will continue to do good as it leads in continuous innovation.
If you're in long term investing, expect heavy bullish sentiment. If you're a trader, then ride the down trend.
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.