Stock prices for Tesla surge by 35%, leaving investors curious about future trends.
Bouncing Back: A Look at Tesla's Recent Recovery and Future Projections
After taking a nose dive, the Tesla stock has bounced back an impressive 35 percent. But with investors eager for what's next, let's take a closer look.
From September to early January, the Tesla stock plummeted around 70 percent. Factors like general market weakness, Elon Musk's Twitter antics, and uncertainties surrounding Tesla production facilities weighed heavily. However, since its low point on January 6, Tesla has made a comeback.
Where Does Tesla Go From Here?
Chart-wise, the Tesla stock is in a limbo of sorts. The current 130 euro mark, which it has now reached, is a minor resistance. The stock could potentially continue its upward trend, with the next minor resistance coming in at 150 euros. However, with the stock having recently surged, there's not a significant volume of trades for support and resistance at these levels. Technical analysis using Fibonacci suggests the first real hurdle where investors might take profits is at 159 euros, the 0.236 level.
Tesla's Outlook: A Peek at Q4 2022 Earnings
On Wednesday, January 25, Tesla will reveal its Q4 2022 performance figures. These numbers could shape the stock's trajectory moving forward.
At the moment, the stock boasts a P/E ratio of 31. Analysts at Bloomberg are recommending buying: 27 of them suggest this, 13 advise holding, and 6 recommend selling. This averages out to an anticipated price of 190 dollars, representing a potential increase of 35.7 percent.
High Dividends and Low P/E Ratios: Tips for Choosing the Best German Stocks
By the way, if you're interested in finding some of the best German stocks, consider those with high dividends and low P/E ratios. These types of stocks might offer better returns over the long term.
Although it's difficult to pinpoint exactly where Tesla's stock will go from here, its strategic position in the EV market, technological advancements, and market growth potential support a positive long-term trajectory. However, immediate concerns about volume declines and margin inefficiencies might influence short-term price fluctuations. Stay tuned for Tesla's Q4 2022 earnings report for a clearer picture.
- In the wake of its recent 35 percent recovery, investors are keen to know where Tesla's stock is headed in the future.
- According to the current chart analysis, the Tesla stock is currently at a minor resistance of 130 euros, with the next resistance potentially appearing at 150 euros.
- The experts at Bloomberg have recommended buying Tesla stock, with a projected price of 190 dollars, representing a potential increase of 35.7 percent.
- For those seeking to invest in German stocks, Tesla may be a good choice, given its strong position in the EV market and growth potential, despite immediate concerns about volume declines and margin inefficiencies.
