The prerequisites for Tesla's growth

02 september 2022 67
Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segments "Currencies", "Indices", "US stocks", "Metals" and "Oil and gas"
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So far, Tesla's August 25 split has not produced the expected growth.

In theory, though, a lower share price attracts more investors and causes the stock itself to grow.

As of today, we see no such effect.

 

But we see the end of the head and shoulders pattern and a hammer formed near the 272 level.

Perhaps these are the calls that will stimulate the expected increase towards $310 per share.

 

In addition to the patterns, there is good news about a new plant construction in Canadamass production of drones by the end of the year, and a shorter delivery time for one of the models in China, thanks to increased production at the Shanghai plant after a production upgrade.

Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segments "Currencies", "Indices", "US stocks", "Metals" and "Oil and gas"
2nd in the segment "Crypto"
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