TESLA INC. (NASDAQ:TSLA): Tesla bulls are expecting strong Q2 sales after Model 3 becomes dirt cheap with tax credits

 


Tesla stock is retesting its trendline resistances near the $230 level on news that all Model 3 EVs now qualify for full tax credits. Model 3 RWD now costs as low as $22,830 when combining federal and state incentives, per Yahoo Finance. Citi already raised their P/T this week from $175 to $215, citing resilience of auto demand...Whatever that means!?

Tesla will report its earnings late next month, which gives the bulls plenty of time to push the stock even higher. The next key resistance level is $248.70.

This note contained herein is not and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

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