As we all know, everyone’s favorite stock started its death spiral two days ago on Wednesday after reporting stellar earning reports because of the third Tesla crash fire within 5 weeks. However, even after several highly regarded banks and Hedgefunds have downgraded Tesla severely, but Deutsche Bank says that it maintains its $200.00 goal for Tesla, and that Tesla will start rebounding soon enough.
What does this mean for Tesla?
It’s going to go up. It’s not going to go to its 200 day moving average ($108.00) before rising (thank god). The question is when? Thankfully it’s not that hard to guess (especially if you have read my past articles) that Tesla is going to go up next week – Monday or Tuesday.