Experts disagree on the future prospects of Tesla's business.
On the positive side: amid the electric car revolution, the market could grow by $ 5 trillion over the next ten years, and Tesla, as the market leader, will get half of it.
From the negative: Tesla does not yet see any special drivers for the growth of securities, but they expect that the demand for Tesla cars will be stable.
Technically, the shares are correcting, on the 4-hour chart the quotes are trading in a sideways channel, with the lower boundary of the strong support of $ 1000, leaning towards a short-term downtrend. When falling out of the channel, the nearest support is the level of $ 900.
Bottom line: As we can see, demand will only grow, but at the moment, the price of Tesla shares depends on the news background.
Experts disagree on the future prospects of Tesla's business.
On the positive side: amid the electric car revolution, the market could grow by $ 5 trillion over the next ten years, and Tesla, as the market leader, will get half of it.
From the negative: Tesla does not yet see any special drivers for the growth of securities, but they expect that the demand for Tesla cars will be stable.
Technically, the shares are correcting, on the 4-hour chart the quotes are trading in a sideways channel, with the lower boundary of the strong support of $ 1000, leaning towards a short-term downtrend. When falling out of the channel, the nearest support is the level of $ 900.
Bottom line: As we can see, demand will only grow, but at the moment, the price of Tesla shares depends on the news background.