Are you feeling uncertain about investing in Tesla amidst its recent challenges and stock price fluctuations? You’re not alone. As experts in the field of investing, we at Extreme Investor Network understand the importance of making informed decisions when it comes to your portfolio.
Tesla has seen new yearly lows and faces a myriad of negative news headlines, such as price cuts, increased production costs, and low delivery figures. As shareholders ourselves, we acknowledge the current headwinds facing the company, including consumer demand for electric vehicles and increased competition in the market.
However, before making any rash decisions, it’s crucial to analyze the technical patterns of the stock. By utilizing Elliott Wave analysis, we can identify potential support levels and forecast future movements. Currently, we hold a 2% allocation of TSLA in our growth portfolio and have implemented hedging strategies to mitigate risk in the near term.
As we approach Q1 earnings, all eyes and ears will be on Elon Musk and the conference call to provide insight into Tesla’s future plans. If the $125 support zone does not hold, the stock could potentially test the 2022 low at $101.82. At Extreme Investor Network, we prioritize careful analysis and strategic decision-making to protect and grow your investments.
Stay tuned for more updates and valuable insights on investing in the ever-changing market landscape. Trust Extreme Investor Network to guide you towards optimal investment choices tailored to your unique financial goals.
