Tesla's stock price exploded: earnings season and Robotaxi activities may set off the market again!
🚀📊Tesla's recent stock market performance has attracted widespread attention. First, Tesla's earnings report, which will be released on July 23, is highly anticipated and is expected to further boost its stock price. In addition, Tesla's Robotaxi project, a driverless taxi service, is also scheduled to start on August 8, which undoubtedly adds new growth momentum to the company.
Looking back at Tesla's stock price trend over the past two months, we can see an impressive picture of recovery. Two months ago, when the price of Bitcoin exceeded $70,000, Tesla's stock price was around $160. At that time, many investors and institutions were pessimistic about Tesla's prospects, believing that the weak electric vehicle market and competitive pressure in the Chinese market would have a negative impact on its performance.
However, Tesla's stock price has rebounded nearly 90% since hitting a low of around $140 on April 22. This strong growth momentum is largely believed to be due to the fact that a large number of institutions and VCs were forced to close their short positions at this node. 📉
Although Tesla's stock price has achieved a significant increase in a short period of time, the upcoming earnings season and Robotaxi activities may provide new hype points for the market.
Personally, I think Tesla may usher in a new round of market after the earnings report is released on July 23. In the 2 to 3 weeks between the next earnings season and the Robotaxi activities, the market has enough time to hype and ferment, and then drive the stock price up again.
However, investors should also be wary of the risk of price correction after the good news is exhausted. It is believed that the market may experience a certain degree of adjustment on the day of or after the Robotaxi event on August 8. Therefore, it is a wise strategy for investors to plan ahead and consider partial cashing out at the right time to lock in profits and manage risks. 🤑🔒
Regarding Tesla's recent trend, do you think it will continue to rise, or will the good news be exhausted? Welcome to express your views in the comment area below.
