I won’t follow Elon to buy Tesla. The price now is due to his large volume trade but realistically, Tesla is losing its competitive edge in many European countries and China. So, I think fundamentally, it is not attractive for me to invest in. I also wouldn’t trade this as I am not sure if there are enough diamond hands around or we will see the sharp drop soon as many take profit.


I don’t think Tesla can break out and surpass its previous high of $488. I think the price will start to collapse after reaching a maximum of $450.


I guess for this week, Tesla could possibly stage another 10% upside as momentum is definitely there and many are encouraged by the large volume trade by Elon. Thereafter, I think we might see many taking profit.
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# 1 Trln Pay Package Approved! Tesla Sell the News: Hold for Long Term?

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  • Venus Reade
    ·09-18
    TOP
    Today could see $450 ,if it does, open a brief short as gaps below $420 exist even for this runaway train
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    • MHh
      Dropping! Thank you for your analysis
      09-20
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  • Sales in Europe are crazy! Easy $480 - 3rd of October. Buy calls and enjoy!
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    • MHh
      Hmm
      09-20
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  • kookiz
    ·09-18
    TOP
    Your insights on Tesla's competitive landscape are spot-on.
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    • MHh
      Thank you
      09-20
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