Tesla stock rises above 900 level
February 4, 2020
Tesla stock news
Tesla stock as of 1:42 PM EST time is trading at $922, having made an ew 52-week high at $940.13.
Tesla stock trading
There is a huge rally about Tesla (TSLA) stock, ongoing but extreme caution is required. Fomo trading or fomo investing (fear of missing out) is too dangerous when trying to pick stocks to buy or stocks to sell. What are the fundamentals of the stock? There are many negative fundamental ratios and trends about Tesla stock.
Tesla stock and fomo trading
Here are some news about Tesla stock:
- Tesla’s Parabolic Rise Evokes Nostalgia for Old Commodity Traders
- How we know that Tesla is a bubble that is going to pop
The huge rally is not sustainable as there are concerns about the valuation of Tesla stock. Yes trading and gambling is another story, and stock market is not rational at all times, and short selling the Tesla stock has not worked well at all lately. But a rally in any stock needs to have catalysts. Our opinion is that Tesla stock is extremely overvalued.