Blue-Chip

One NASDAQ-Listed EV Stock at Resistance Level: Tesla Inc

July 17, 2024 | Team Kalkine
One NASDAQ-Listed EV Stock at Resistance Level: Tesla Inc

TSLA:NASDAQ
Investment Type
Large-cap
Risk Level
Action
Rec. Price (US$)

Tesla Inc

Company Overview: Tesla, Inc. (NASDAQ: TSLA) designs, develops, manufactures, sells and leases fully electric vehicles and energy generation and storage systems, and offer services related to its products. The Company's automotive segment includes the design, development, manufacturing, sales, and leasing of electric vehicles as well as sales of automotive regulatory credits. Additionally, the automotive segment is also comprised of services and other, which includes non-warranty after-sales vehicle services, sales of used vehicles, retail merchandise, sales by its acquired subsidiaries to third party customers, and vehicle insurance.

As per our previous US Diversified Opportunities report published on ‘TSLA’ on 21st March 2024, Kalkine provided an ‘Buy’ stance on the stock at USD 175.66 based on decent fundamentals, associated risks, other key financial and operating highlights, and valuation and the stock price has now moved by ~46.05% since then and has attained resistance 1 and resistance 2.

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Disclaimer-

Disclosure: Any research report published by Kalkine Pty Limited with respect to Tesla, Inc. will contain a disclosure in the report: "Kalkine Pty Limited’s (Kalkine) director Kunal Sawhney owns shares of Tesla, Inc. since March, 2024. Kalkine has recommended Tesla, Inc. as general investment advice only (under AFSL 425376). The advice given by Kalkine is provided for general informational purposes and should not be considered as personalized investment advice. Investors should conduct their own research and seek professional advice before making any investment decisions."

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