Tesla
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$TSLA strong bullish signals

Fundamentally:
  • It appears that the compensation plan has been reapproved by the majority of shareholders according to preliminary vote counts (the 2018 plan was declared invalid by a Biden-appointed judge in Delaware)
  • This means a major uncertainty has been removed and it ensures that Elon Musk will continue to dedicate 110% of his energy to Tesla.
  • Overall, TESLA is making huge progress in the public eye.
  • The Tesla Robot is likely already being productively used in the Tesla factory.
  • Tesla’s autonomous driving technology is making significant progress.
  • Other business segments are performing well: solar, battery technology.
  • New products are in the pipeline.


Technically:
  • There is a significant bullish pennant.
  • Strong reversal at $140.
  • $170 has held up well despite uncertainties.
  • Analysts and influencers are very positive.
  • There may still be a setback for a reverse head-and-shoulders pattern.
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