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Tesla Stock Prediction: Momentum-wise, Tesla Can Hit $400 Before 2017 Ends

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

Based on the analysis of technical indicators and moving averages, TSLA has the upward momentum to hit $400 before this year ends.
In spite of Toyota unloading all its Tesla shares, the Artificial Intelligence-powered algorithmic forecasts of I Know First are still very favorable for TSLA.
Toyota simply decided to take profit and sell its 2.34 million TSLA shares. Further, Toyota now sees Tesla as a rival, not a partner.
Other event-driven catalysts will also propel TSLA to $400. Musk confirmed that the Model 3 prototype is on track for production next month.
Tesla also plans to unveil its Model Y semi-truck electric vehicle this coming September. The Model Y is scheduled for commercial release in 2019.