Tesla, Inc.

Tesla Gets Testy

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Over the past few years, not many companies have seen the hype that Tesla has when it comes to its stock performance.

Starting at $1.10 in 2010 and pushing up to the range of $1200 near a decade later (before the stock split), early investors have enjoyed monumentally unfettered growth in profits.

A side-effect of this historical growth has been undeniable euphoria. There is no better drug for a trader to experience. Even after Elon Musk sold large amounts of his shares, euphoria is what kept many retail investors loyally invested. The only reward to come was a loss of peak gains.

Although Tesla has more juice in the battery pack and could easily extend its value towards $520 in the months ahead, the pending correction will be monstrous and one that any investor should want to protect themselves against.

See related ideas below:
Tesla Prepares for Major Dip... (before a stock split was actualized, the waves showed that a return below $500 was very likely to come).
Tesla Returns to $50... (a supremely immature call. The current position of the pattern was also incorrect however, the retest level below $50 is very likely to manifest beyond 2023).

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