In this bull market where almost all the stocks are working, 
TSLA seems to be still in the penalty box. When 
NVDA, 
MSFT are at ATH and most of the Mag7 are near to the ATH. TSLA is still 33% below its ATH of 484 $. And the price action is not particularly bullish. This week 
AVGO crossed TSLA with a larger Market Cap cos. May be AVGO should replace TSLA in MAG7. A food for thought.
With such poor price action and the price stuck within the 0.618 and 0.382 Fib retracement levels the stock has not looked bullish recently. IN this recent market reversal all the speculative sectors like Quantum, Space stocks and Drone stocks are working,TSLA is still searching for direction. In my opinion TSLA has a great future with a visionary leader, but it might end up being a good company but not a good stock. With controversy surrounding the leadership it has become a battle ground stock. There are many large cap liquid stocks where the positive momentum is working. Until the stock breaks out of this consolidating pattern it’s better to make money somewhere else.
Verdict: Stay on sidelines forTSLA stock. Accumulate if you need to. Buy it above 400 $ once momentum is back.
TSLA seems to be still in the penalty box. When NVDA, MSFT are at ATH and most of the Mag7 are near to the ATH. TSLA is still 33% below its ATH of 484 $. And the price action is not particularly bullish. This week AVGO crossed TSLA with a larger Market Cap cos. May be AVGO should replace TSLA in MAG7. A food for thought. With such poor price action and the price stuck within the 0.618 and 0.382 Fib retracement levels the stock has not looked bullish recently. IN this recent market reversal all the speculative sectors like Quantum, Space stocks and Drone stocks are working,
TSLA is still searching for direction. In my opinion TSLA has a great future with a visionary leader, but it might end up being a good company but not a good stock. With controversy surrounding the leadership it has become a battle ground stock. There are many large cap liquid stocks where the positive momentum is working. Until the stock breaks out of this consolidating pattern it’s better to make money somewhere else. Verdict: Stay on sidelines for
TSLA stock. Accumulate if you need to. Buy it above 400 $ once momentum is back. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.