#4 - Tesla (NASDAQ:TSLA)
It has to be tough to be a Tesla (NASDAQ: TSLA) investor these days. TSLA stock formed a bearish death cross in mid-July. Its 50-day moving average crossed below its 200-day moving average. However, when the company delivered a strong earnings report, at least in terms of the bottom line, the moving averages have not reversed…yet. And that’s despite the stock having moved 8% higher since the report was released.
If you believe in the long-term story of Tesla then you shouldn’t be too concerned about what may just be a momentary technical glitch. Still, it’s a reminder that TSLA stock has been lifted higher based on a lot of FOMO. And if the view of analysts means anything it could be a rough ride for the rest of 2021 for Tesla investors.
Tesla is also a player in the Chinese market. The company does not report Chinese deliveries, but with other EV companies posting strong delivery numbers it’s likely that the pie is big enough to include Tesla.
About Tesla
Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.
Read More - Current Price
- $340.17
- Consensus Rating
- Hold
- Ratings Breakdown
- 14 Buy Ratings, 16 Hold Ratings, 9 Sell Ratings.
- Consensus Price Target
- $230.18 (32.3% Downside)
