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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Tesla has been the beneficiary of good earnings receptions over the last few quarters, but maybe not this time.
After the bell yesterday the company reported a loss of $49.8 million for the 1st quarter as research and development costs surged.
Revenue was $620.5 million, up ten percent from a year earlier but less than one percent from the 4th quarter of 2013.
Tesla stock was getting hit after the release, but how bad? And is there reason to be concerned?
The company: Tesla Motors
Ticker Symbol: (NASDAQ: TSLA)
Sector: Consumer Goods
Industry: Auto Manufacturers - Major
Tesla designs, develops, manufactures and sells electric vehicles and electric vehicle powertrain components.
Related: Five Star Stock Watch: Oracle
The company also provides services for the development of electric powertrain systems and components, and sells electric vehicle powertrain components to other automotive manufacturers.
Please take a look at the 1-year chart of Tesla below with added notations:
Since its November 2013 bottom at around $120, Tesla rallied nicely to a peak of around $270 while settling in at around $200 Wednesday.
During this stretch the stock has formed a well-defined trendline of support that has been tested four different times.
A hold of this line should lead to higher prices for the stock, while a break of this line will most likely be followed by more selling.
The stock closed yesterday at $201.20.
Related: Five Star Stock Watch: Twitter
Tesla isn't set to release earnings again until August, 2014.
No matter what your strategy, or when you decide to enter, always remember to use protective stops and you’ll be around for the next trade. Capital preservation is always key.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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