Tesla Motors (TSLA)

Elon Musk turned up the voltage when the stock rose 7% on Tuesday, making it another quick win for the I Know First algorithm.  The algorithm recognized that TSLA shares would increase this week making it a Top 10 Stock Pick by the algorithm.

At a conference in China, CEO Elon Musk forecasted that Tesla would begin producing vehicles in China within the next three or four years and make a “big investment in China in terms of charging infrastructure.  Elon Musk also stated that demand is pretty strong and he thinks “more than they can fulfill this year.”

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts. Missed the latest trend? Looking for the next best market opportunity? Find out today’s stock forecast based on our advanced self-learning algorithm