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Why Tesla Stock’s Ceiling Is Now $200. Where the Floor Might Be.

December 7, 2022

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Why Tesla Stock’s Ceiling Is Now $200. Where the Floor Might Be. | Barron’s

Tesla

hasn’t had a lot of important fundamental news recently, which leaves the stock at the mercy of its chart. And the chart doesn’t look very good.

Until something fundamental changes,

Tesla

(ticker: TSLA) stock is likely to top out at around $200. It could fall as low as $100, though there is also some support for shares around $166. At Monday’s closing price of $182.45, the shorter-term balance between risks and potential rewards looks, well, unrewarding.

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