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Tesla Stock Faces Potential Selling Pressure After Breakout, Plus Starbucks Cyberattack and Cassava Sciences Plunge

Posted: Wed Nov 27, 2024 4:21 pm
by Teslaguy
Tesla Stock: Poised for a Pullback or Ready to Rocket?

Tesla stock recently broke through the 200-250 dollar resistance level, closing at a significantly higher price. This impressive surge has fueled momentum, but could a correction be on the horizon? With potential headwinds like California's Governor Newsom proposing changes to the federal EV tax credit, will this impact investor confidence and trigger a sell-off? Or is this just a minor blip for a company consistently defying expectations? What factors do you believe will play the most significant role in Tesla's stock performance in the coming weeks?

Beyond short-term market fluctuations, where do you see Tesla's stock price a year from now? Given the constant innovation and evolving regulatory landscape, is a price target of 500, or even higher, a realistic possibility? What milestones would need to be achieved for such a trajectory? Share your predictions and reasoning.

Elon Musk’s decision to relocate Tesla and SpaceX to Texas, citing California's regulatory environment, has certainly sparked debate. Will other companies follow suit, potentially impacting California's economy and the future of the EV industry in the state? Discuss the potential long-term implications of this move for both Tesla and California. Is this a trend that will continue, or will we see a shift back towards California in the future?