FUNDEMENTAL:
Given the relatively low oil price right now, and possibility sub $50/barrel in the coming weeks is there any reason for a need to move to electric cars already?
Environmentalist might say CO2 levels in the atmosphere is hitting a catastrophic level, however most electricity are still generated by coal or oil. :)
TECHNICALS:
RSI is suggesting that the uptrend is not self-sustaining, and we've down the upwards channel made since 2013 April.
In the coming weeks, these will be a great excuses for investors to sell off Tesla to $179.
Over long term, the outlook of Tesla is relatively bullish given the innovation and the niche market carved.
Given the relatively low oil price right now, and possibility sub $50/barrel in the coming weeks is there any reason for a need to move to electric cars already?
Environmentalist might say CO2 levels in the atmosphere is hitting a catastrophic level, however most electricity are still generated by coal or oil. :)
TECHNICALS:
RSI is suggesting that the uptrend is not self-sustaining, and we've down the upwards channel made since 2013 April.
In the coming weeks, these will be a great excuses for investors to sell off Tesla to $179.
Over long term, the outlook of Tesla is relatively bullish given the innovation and the niche market carved.