When selling pressure failed to send Tesla (TSLA) below around $108, it created a great setup for the stock. The share price nearly doubled in
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What to Do after Tesla Shares Doubled in 2023
When selling pressure failed to send Tesla (TSLA) below around $108, it created a great setup for the stock. The share price nearly doubled in 2023, heading toward $200 before stalling.Should traders FOMO (fear of missing out) from here? At a forward price-to-earnings ratio of 52.2 times and a short float of only 3.37%, TSLA stock is at an inflection point.Stunned bears would have closed their option and puts that bet against the run-up. Conversely, the moving averages on the chart suggest a pause in Tesla’s momentum.Tesla’s fundamentals are stronger than before. Sales weakened temporarily…
