I’ll preface this by saying what I often say about Tesla: I think they are likely to be the most valuable company on the planet before this decade is over. Having said that, however, short-term, I think it has shot its proverbial wad for now.
![](https://slopeofhope.com/wp-content/uploads/2023/12/slopechart_TSLA-1-640x347.jpg)
The Fibonaccis have been powerful, and I suspect the price we’re seeing now is merely another “lower high” for the record books.
![](https://slopeofhope.com/wp-content/uploads/2023/12/slopechart_TSLA-2-640x347.jpg)
I’ll also share with you, hot off the digital press, the latest John Oliver from last night which features Mr. Musk: