From IBD this afternoon on TESLER……..
Buy Point: 357.50 | Buy Zone: 357.50 - 375.38
Current Action: The electric-vehicle stock is eyeing an early trendline through the recent highs. This yields a buy point around 357.50. Tesla has backed off slightly after Monday's sharp spike, making it a good candidate for one's watchlist. Even after Tuesday's pause, it remains above its major and short-term moving averages. Tesla is in the top 8% of equities in terms of price performance over the past 12 months. And while earnings are seen falling 15% this year, analysts expect them to rebound to 52% growth next year, according to IBD MarketSurge data. The stock was boosted Monday following the launch of its robotaxi — a driverless vehicle powered by artificial intelligence — in Austin, Texas, over the weekend. Wedbush analyst Dan Ives hailed the service, calling it a "very impressive" experience.
Happy TACO Tuesday!
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