I am a Tesla bull and believe that Tesla will have a much higher valuation than nowadays in 2025-2030.
I think it will be the first company ever in history to reach a 10 trillion USD valuation, because it is just a massive company.
Tesla is not really a car company, but also an energy utility company, a software company, insurance, HVAC, full-self driving, etc. They are disruptive in many many fields and will thus grow a lot more.
However, short to mid term, an asset that does a x25 rise in 1.5 years is just a bit too insane to continue growing without consolidation and correction.
Previously, we see that Tesla liked to correct to the 0.618 fib level.
Doing so again would put it into the 300s range.
Also, on monthly, Tesla has been overbought in Stoch RSI much longer than in previous times.
This also hints to a correction. This will present a perfect entry point for new buyers, and an excellent rebuying opportunity for existing shareholders.
I think it will be the first company ever in history to reach a 10 trillion USD valuation, because it is just a massive company.
Tesla is not really a car company, but also an energy utility company, a software company, insurance, HVAC, full-self driving, etc. They are disruptive in many many fields and will thus grow a lot more.
However, short to mid term, an asset that does a x25 rise in 1.5 years is just a bit too insane to continue growing without consolidation and correction.
Previously, we see that Tesla liked to correct to the 0.618 fib level.
Doing so again would put it into the 300s range.
Also, on monthly, Tesla has been overbought in Stoch RSI much longer than in previous times.
This also hints to a correction. This will present a perfect entry point for new buyers, and an excellent rebuying opportunity for existing shareholders.
Exactly as ordered.
Target remains 384 USD.