25.05.2020 TESLA Daily Analysis

25.05.2020 TESLA Daily Analysis

Tesla is currently trading at $816.88 about 10 points lower than it's the previous session. The company is doing a good job of maintaining that 800 base support so far. According to news from Seekingalpha.com, the company is seeking China's approval to build Model 3 vehicles that use lithium iron phosphate. Also, another billionaire, Bill Ackman, the head of Pershing SquareHedge Fund tweeted that he might invest in Tesla stock should the company go through with relocating their Headquarters to Texas or Nevada. Ackman pitched real-estate developer Howard Hughes' master-planned communities as potential Tesla sites. Should Tesla go ahead and pitch tent there Ackman stands to benefit because Pershing Square holds almost 30% ownership of the company.