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TSLA Price Forecast Sub-Par with Model 3 News
Written by Chris Regan, 21.10.2017
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TSLA's stock price has grown since July however it has yet to reach the highs seen in June of this year. We see a similar pattern emerging over the next month - with stock price cyclically rising and falling around its ten day simple moving average. Pattern recognition projects price to $333 by the middle of next month.
Going forward forcasts of Tesla's Model 3 as "average" in reliability has bolstered this projected price dip. The Model 3 is a major move for the company distributing high end luxury to the mass consumer base. Consumer reaction will have a significant effect on share holder perception of the stock and will amplify the impact of our projection.