Tesla stock Fundamental Analysis (Tesla stock price)
Tesla is a very big electric vehicle company. Tesla is a USA based company. This company has business in USA, Europe and China as well.
The owner of Tesla is Elon Musk. You must know that Elon Musk is a very big businessman. Elon Musk’s Tesla company is the number one electric vehicle company in the US.
Tesla is established in July 2003. Elon Musk biggest invester in this company and become CEO of this company 2008. Tesla is fast growing company in electric vehicle sector. Tesla stock chart is technically breakout. Look at this chart of Tesla breakout from bottom.
Tesla stock technical analysis and Tesla share price target
Tesla shares are going to rise very fast. Tesla stock is giving strong breakout from bottom. Tesla stock price has technically given a breakout and it will rise very fast because it has made a tesla stock triangle breakout. According to Technical analysis this stock has given a breakout and the next target of this stock will be 700$. This share will easily reach 700$ in the next 1 years. So right now a very big buying opportunity is being created.
Hedge funds trading strategy ( Tesla stock breakout strategy)
You must be aware that after 2020, many big hedge funds have started investing in Tesla’s stock. Tesla’s stock has reached a high of $413 in April 2021 from $50 in 2020. In this stock, hedge funds around $50 started selling stocks around $400 because till here hedge funds had made more than 700% profits. When Tesla’s stock was trading around $400, hedge funds had gained more than 700%. The hedge funds wanted to exit by selling this stock, but retail investors started buying it for around $400 and the hedge funds started selling it.
In Tesla’s stock, the hedge funds that had bought the stock on delivery started selling the stock and short selling it in the future contracts. The hedge funds took the shares down to $100 by short selling them and then started short covering. When this stock jumped from $100 and crossed $150, the hedge funds again started buying the stock on delivery. After making this stock cross the previous high of 413$, hedge funds will buy future contracts and start selling it at around 700$. This is because the stock had fallen 75% from the hedge of 413$ to 100$. Therefore, hedge funds will sell the high value stock as soon as it falls.