Posted by elementsix on 27th of Oct 2021 at 10:54 am
TSLA - Multi-Year Chart
Interesting to plot the surges and pullbacks on TSLA over the
past few years. The first half of 2021 shows an unusually sustained
pullback (in duration) for TSLA in recent years. This allowed many
indicators (CMF, PPO, MACD) to nicely recycle back towards 0 and
none of them are at previous peak levels here. I agree we probably
need a pullback at some point considering the past 3 weeks have
been parabolic by any measure.
On a fundamental note, it's interesting that the Hertz news was
such a boon to TSLA considering sales to rental car agencies have
previously been seen as bearish (I believe due to margin
compression). Seems that the market took it as a potential paradigm
shift in that it could provide a simple way for consumers to test
drive and experience Tesla without having to commit. And if Hertz
has 50,000 Teslas driving around they will need the charging
network to support that. Could be a meaningful push for
infrastructure change over.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
TSLA - Multi-Year Chart Interesting to
TSLA 30 min
Posted by elementsix on 27th of Oct 2021 at 10:54 am
TSLA - Multi-Year Chart
Interesting to plot the surges and pullbacks on TSLA over the past few years. The first half of 2021 shows an unusually sustained pullback (in duration) for TSLA in recent years. This allowed many indicators (CMF, PPO, MACD) to nicely recycle back towards 0 and none of them are at previous peak levels here. I agree we probably need a pullback at some point considering the past 3 weeks have been parabolic by any measure.
On a fundamental note, it's interesting that the Hertz news was such a boon to TSLA considering sales to rental car agencies have previously been seen as bearish (I believe due to margin compression). Seems that the market took it as a potential paradigm shift in that it could provide a simple way for consumers to test drive and experience Tesla without having to commit. And if Hertz has 50,000 Teslas driving around they will need the charging network to support that. Could be a meaningful push for infrastructure change over.