Tesla setting up nicely to bounce off previous support, looks like a long to around 240 then a good short position. Tesla is trash, electric cars are a meme, still has a 48 P/E.
Comment:
Target is probably between 215 and 240, probably will not make it to 240, but overall long term extreme bearish.
(Side note: Musk sold $4.5 billion worth of shares a couple days ago)
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(Side note: Musk sold $4.5 billion worth of shares a couple days ago)