In the short term, remnants of "the growth that was" has Tesla stock anchored to some higher prices. In the long term, the forecast looks a little more cloudy.
I wouldn't be surprised to see Tesla stock hit $200 or lower again before the next bull market REALLY begins. The stock is now trading outside of it's fundamental range of value. I would take the draw down from Friday as a sign of what's to come in the future.
Check out the Equity Channel Podcast on Apple, Spotify and Amazon to get more insights on trading and investing.
I wouldn't be surprised to see Tesla stock hit $200 or lower again before the next bull market REALLY begins. The stock is now trading outside of it's fundamental range of value. I would take the draw down from Friday as a sign of what's to come in the future.
Check out the Equity Channel Podcast on Apple, Spotify and Amazon to get more insights on trading and investing.