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