04.05.2020 TESLA Daily Analysis

04.05.2020 TESLA Daily Analysis

Tesla had a good run in April rising by more than 49% during the  30-day period. However, the stock dropped by more than 80 points on Friday 1 after the Company CEO said he thought the stock price for Tesla was way too high. The stock had opened at $781 yet closed at $701 by the end of the trading session. Elon Musk made this remark on his Twitter handle after the County Sheriff for Fremont California denied a request to reopen the California assembly plant for Tesla. The tweet sent a ripple through the Tesla community and investors with some saying that the CEO is about to sell his stocks. However, this is very unlikely considering that Tesla has made a license application to enter the UK market as an electrical market the same way it's operating in Australia. This shows that Tesla has its sight set high as it's increasingly pushing for more turf in the Eurozone.