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Bullboard - Stock Discussion Forum Tesla Inc TSLA

Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. The Company's segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric... see more

NDAQ:TSLA - Post Discussion

Tesla Inc > Is TSLA Overbought After the Post-Election Rally?
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Post by BearDodger64 on Nov 20, 2024 11:37am

Is TSLA Overbought After the Post-Election Rally?

Alright, here's the deal—TSLA is up nearly 40% since the election pump. Feels like the market’s pricing in a perfect storm of optimism about EVs, autonomy, and federal backing. But let’s not forget—this rally isn’t driven by earnings beats or delivery numbers; it’s straight-up sentiment. I’m keeping my eye on RSI levels—anything above 70 and I’m trimming my position. Might even load some puts if we see a blow-off top.
Comment by Schussing56 on Nov 20, 2024 8:19pm
The paradox is that Tesla is up 40% since the election, but Uber is down 7%. Uber is also poised to take huge advantage of the Trump framework for self-driving as their Waymo vehicles are ready to go. If I were a betting man I'd say, Tesla shares will continue to rise another 10% or so until mid to late January and then we'll see a pullback. Longer term - with the battery packs, big ...more  
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