Lately it has not been often when we see a big green candle on the Tesla chart. Today we got one as news of 50 more semi-trucks set to be delivered to Pepsico and an increase on the rate for 72 month loans for Tesla buyers.
The fact they are comfortable raising up the financing rate a bit shows comfort in demand allowing them to roll back some of the aggressive incentives that have been in place of late.
200 Incoming?
Obviously this is just one good day, but volume was solid and there is a clear path to that 200 area which has acted as a pivot point many times in the past.
The stock will run into the descending channel (yellow channel lines) before then so things could get interesting. Will it breakout? Time will tell.
Posted Using InLeo Alpha