22.04.2020 TESLA Dialy Analysis

22.04.2020 TESLA Dialy Analysis

Tesla reached the end of its longest-running streak closing at $686.72,−59.64 (7.99%) in Tuesday's closing session. Some bearish analysts, however, feel like Tesla is a bubble waiting to burst, and that soon might be heading down to trading $70 per share. However, some analysts came out in defense of the company and gave a number of reasons why this can never be the case, for one, a lot of drivers are of course going to want their gasoline automobiles because they hope to save money with low oil prices but if the bigger picture is considered, nothing much is saved in the long run. Another argument was that Tesla does not any dealers and in the present case where most dealerships are closed, Tesla is not affected but their orders can be made online directly from the Tesla stores. The same case applies to third party manufacturers and suppliers since Tesla does everything by itself. So the point is Tesla may be volatile but the stock can never go back to the lows