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Tesla Stock Review and Analysis
Tesla Motors, Inc. TSLA | 0.00 | |
GRANITESHARES 1.25X LONG TESLA DAILY ETF TSL | 0.00 | |
Direxion Shares ETF Trust Direxion Daily TSLA Bull 2X Shares TSLL | 0.00 | |
PowerShares QQQ Trust,Series 1 QQQ | 0.00 | |
Ultrapro QQQ Proshares TQQQ | 0.00 |
Tesla Motors, Inc.(TSLA.US) was the only one among the eight major tech giants to decline yesterday, with the current biggest uncertainty stemming from Elon Musk's deep reforms. Now that the focus has shifted to the Federal Reserve, which also led to a pullback in bank stocks yesterday, Musk's risk is undoubtedly substantial.

Yesterday, Tesla Motors, Inc.(TSLA.US) broke a key support level at $365. Next, it remains to be seen whether it can hold at $325. If it doesn't, it might drop to the $260 support level, which would represent a 40% retracement from its peak. According to the Fibonacci retracement logic, this position should be a good point for long-term investment, contingent on Musk not encountering any issues.
We also don't recommend shorting TSLA here, and the reasoning is straightforward: if Musk takes on the Federal Reserve and the Treasury Department and eventually succeeds, Trump and Musk could dominate the fiscal discourse in the United States. In that scenario, it's within the realm of possibility that TSLA could skyrocket to a $3 trillion market cap. While this chance is very slim, who knows—it might just happen