Tesla hasn’t had a lot of important fundamental news recently, which leaves the stock at the mercy of its chart. And the chart doesn’t look very good.
Until something fundamental changes, Tesla (ticker: TSLA) stock is likely to top out at around $200. It could fall as low as $100, though there is also some support for shares around $166. At Monday’s closing price of $182.45, the shorter-term balance between risks and potential rewards looks, well, unrewarding.
Source: finance.yahoo.com
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