Investors like to think of themselves as rational and unattached. Still, the movement of stock prices shows that this isn't always true — and the existence of technical signals like oversold or undersold confirms that fact.
Tesla's price target sits at $316, aligning with the 1.618 Fibonacci retracement level, signaling potential upside momentum. The energy storage business grew 100% YoY in Q2 2024, with projections to exceed $13 billion in revenue by 2025. Autonomous driving market is set to grow to $2.8 trillion by 2033, with Tesla's FSD leading the charge.
Tesla's TSLA 0.21%increase; green up pointing triangle expansion of its Supercharger network has slowed in recent months, after widespread layoffs in April gutted the team responsible for installing new electric-car chargers and stations.
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