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Chart Talks: What's your TSLA price target for the week?
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How do you think Tesla stock price will end up this week?

$Tesla (TSLA.US)$ The short answer is between $250 to $300. But analysts consensus give a wider target price $120 to $400. Recently Morgan Stanley raised TP from $250 to $400 based on the optimistic view that the Dojo Supercomputer may bring value to the company.
There are many positive news about Tesla stock this week such as first automaker to hit 5 million BEV production milestone, Cybertruck with 2 millions pre-order, new Tesla Model 3 Highland with longer range hit the road etc. Tesla also faced some challenges like profitability drop due to price cutting and EV sales growth slow down forecast in Q3. Tesla bear will always criticise the company's high P/E ratio as compared to its rivals.
Tesla is still one of the most shorted stock and the stock price is very sensitive to market sentiment which may not always in its favour. It can be very stressful holding the stock and some swing traders get squeezed trying to time the market hence some give it name Stress-Tesla. Sell to take profit or buy the dip you need strong conviction to hold the stock. Will anyone give price target $2,000 by year 2027 like Cathie Wood?
Source:
Tesla might have 2 million Cybertruck reservations, tally says
Tesla has produced 5 million cars at its Gigafactories
Tesla (TSLA) stock surges from optimistic look at Dojo supercomputer
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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