WendyOneP
04-25

$Tesla Motors(TSLA)$ Tesla touching $250 amid the DOGE news might actually be the start of a bottoming phase. Here's why:

  1. Sentiment Reversal: Every time Elon Musk teases DOGE, it reignites retail interest in both Dogecoin and Tesla. It may seem like a meme, but it's a real signal that the market is ready to play risk-on again.

  2. Valuation Floor: At $250, Tesla is trading at a forward P/E much closer to other tech-growth names, especially after recent compression. That could attract institutional buyers looking for long-term innovation plays.

  3. Technical Support: $250 has acted as a psychological and technical support level multiple times in the past year. The volume bounce today looks like accumulation, not a dead cat bounce.

  4. Macro Winds Changing: If inflation prints stay tame and the Fed starts hinting at rate cuts, high beta stocks like Tesla will catch a tailwind. This $250 mark could be the last cheap entry before the next leg up.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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