$10 Move tmw on $TSLA. Bottom of channel at sup w/$400 PT Reit

16. Mai 2019

Tesla has been in a strong downtrend down 30% this year. Short Interest is near an all time high. Showing bottoming candles and is at the bottom of the channel near a strong support. RSI is curled up and several bullish divergences on the indicators. Baird Analyst Ben Kallo Reiterated his $400 price target on Tesla's Acquisition on Maxwell Technologies that closed today. Technology acquired will drastically improve battery technology, cost, range, etc. and make it difficult for any company to catch them in the EV race. a 20% savings on a $5,000 battery is $1,000 per car. At 400- 500 Thousand cars a year that is a savings of $400-500M per year!