Exploding Cars

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Tesla is up about 230% in just half a year. It is now the most valuable car company on the planet. Beyond belief…….

slopechart TSLA

This has happened before, though. Back on April 1, 2013, there was a price gap up. The price didn’t truly reverse until it was up 600%, after which it lost half its value and languished for years. More recently, on October 24, we had a gap up. I am using the SlopeCharts grid mode below to show the similarities between past price action.

slopechart TSLA

When will Tesla stop? Search me. All I know is that TSLA is like Kryptonite for bears, and I don’t go near this poisonous stuff. It’s madness.