Hey guys,
Pretty straight forward. I don't see TSLA breaking past this trend line. If we are coming into an economic downturn/recession ... who is going to be buying luxury cars? Not to mention, oil is cheap right now. I see a retest to the lower long term trend line happening over the next year. I would be very bullish if TSLA drops to those levels. TSLA should return to an area of fair value sometime soon. Use stops and happy trading!
- Matt