Tesla Should Bottom Out Soon
Despite the market correction in TSLA shares, the company still has a bright future.
* substantial revenue growth
* more attractive valuation, ~38x earnings vs triple digit PE ratios formerly
* aggressive pace of innovation for batteries, self driving, trucks and semis.
* less expensive vehicles than previously produced, so more consumers can afford Teslas
* Cyber Truck rollout likely in 2023.
These next few years will likely be years of growth for the company into new areas of the market, as well as continued innovation for new types of electric vehicles, battery technology and self driving technology.
The stock price is still in a power down trend but it's approaching long term up trend support and given the bright outlook of this maturing company, I expect it will hold if tested. The path of least resistance appears to be up for the years to come. This correction has been a healthy cleansing of the shareholder base so new hands can come in at better valuations.
* substantial revenue growth
* more attractive valuation, ~38x earnings vs triple digit PE ratios formerly
* aggressive pace of innovation for batteries, self driving, trucks and semis.
* less expensive vehicles than previously produced, so more consumers can afford Teslas
* Cyber Truck rollout likely in 2023.
These next few years will likely be years of growth for the company into new areas of the market, as well as continued innovation for new types of electric vehicles, battery technology and self driving technology.
The stock price is still in a power down trend but it's approaching long term up trend support and given the bright outlook of this maturing company, I expect it will hold if tested. The path of least resistance appears to be up for the years to come. This correction has been a healthy cleansing of the shareholder base so new hands can come in at better valuations.
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