TSLA Could be a 5X Rally – It’s done it before.
January 14th, 2020The day was March 22 2013. Tesla was trading at $36.62/share. September 27th 2013, Tesla was trading at $190.90/share. In just over 6 months, Tesla climbed 518%.
In 2019, Tesla dipped to $178.97/share in May. 6 months later they were at $352.22/share and this was not even a new high.
Today Tesla hit $542.52/share which is 303% higher than May.
Could Tesla be on it's way to another 500%+ rally? If so, that would put the share price of Tesla to $894.85/share. I see this level as the next main plateau for TSLA.
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ABOUT THE AUTHOR:I am long TSLA and TSLA options. I am not a financial advisor. Investing in anything comes with inherent risk. This is not financial advice.
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