Tesla: Almost As Cheap As Clorox

Nov. 23, 2022 9:57 AM ETTesla, Inc. (TSLA)CLX112 Comments
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Tradevestor
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Summary

  • How much is too much? After a 60% fall in stock price, Tesla's PEG ratio has fallen to 0.83.
  • Is Musk's Twitter distraction a sign that Tesla is not as reliant on him as feared?
  • Q4 production should surpass 450,000 units.
  • Technically, moving averages are under pressure, but with RSI already extremely oversold, a rebound is likely to be fast and furious.

Tesla Service Center. Tesla designs and manufactures the Model S electric sedan IV

jetcityimage

Tesla, Inc. (NASDAQ:TSLA) investors are finally realizing that they aren't exempt from the laws of gravity. After years of flying high, the stock cannot catch a break in 2022, with a bucket of bad news including but not limited to

Musk's Tweets

Musk's Tweets (www.reuters.com/)

TSLA Moving Avg

TSLA Moving Avg (Barchart.Com)

TSLA RSI

TSLA RSI (Stockrsi.com)

This article was written by

Tradevestor profile picture
5.29K Followers
Dividends (DGI and DRIP) and Growth at reasonable price (GARP) for Long-term. Serious money.Fun trading for short-term. Play money.Ideas and thoughts presented in the articles are not professional recommendations.

Disclosure: I/we have a beneficial long position in the shares of TSLA, KO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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