TeslaShort
No wonder it is overvalued
To be honest I do not personally trade stocks and indices, but I sure can let you guys have my insight on it.
With a P/E of 61+ and a P/B of 12.2, Tesla is extremely above the mark where it should actually be.
This recent weekly bounce is the evidence that Tesla has gained above the real valuation and it might undergo a fall. Therefore, my opinion on Tesla is that it should go <200 again around 170 where the most recent demand area exists.
For those who trade it, you should be confident to short it but please I request again and again, ensure proper risk management!
With a P/E of 61+ and a P/B of 12.2, Tesla is extremely above the mark where it should actually be.
This recent weekly bounce is the evidence that Tesla has gained above the real valuation and it might undergo a fall. Therefore, my opinion on Tesla is that it should go <200 again around 170 where the most recent demand area exists.
For those who trade it, you should be confident to short it but please I request again and again, ensure proper risk management!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.