TSLA +11 to 345, despite lots of bad news for the company. Sales are plunging worldwide due to strengthening competition. And to make matters worse, the domestic EV tax credit is being phased out.
TSLA trades more as a momentum play than on fundamentals. Eventually the stock will take another dive, as it has so many times in the past, but for now it's heading higher on an almost daily basis. I'd guess there'll be strong resistance at $400, but who knows ??? For the savvy swing trader it's been a great technical play, both long and short, over the past 4 years.
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