I wrote a very positive review about my Tesla S a week ago, and it got a pretty big response from readers; I don’t often get that many positive emails and re-postings of an article. Also, earlier in February, I put up an (all-too-rare) bullish post about a company’s chart – again, Tesla (TSLA) – based on a very handsome breakout formation.
The main thing that has been pushing my bullish interest in the stock has been my personal experience with both the car and the service staff. I have described Tesla, both here and among friends, as “the Apple of car makers”, because the attention to quality and user experience is something I’ve never experienced with a car before. It looks like that is starting to become evident to other car-buyers, as Tesla announced that sales of the Tesla have already beaten their expectations, and they are raising guidance and expecting their first profit.
Pre-market trading puts the breakout at around the green tint I’ve placed on this chart. I think Tesla, and its stock, have a very bright future ahead.