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

motek 1The 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.

TSLA Stock Prediction

  • 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.

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Tesla Stock Prediction: Tesla’s Pullback Is A Buying Opportunity

namanNaman Shukla is an Analyst at I Know First. He writes and invests in the stock market. Ranked in the top 8 percentile in TipRanks.com. Featured on SeekingAlpha.com, GuruFocus.com, Valuewalk.com among others.

Tesla Stock Prediction

  • The new P100D version is a lot better than its predecessors and will attract new buyers.
  • The Model S, like the Model 3, will be a hit among Tesla buyers.
  • The company’s presence in the Chinese market represents huge growth potential for long-term investors.
  • Tesla’s recent pullback should be seen as a buying opportunity.
  • I Know First maintains a bullish position regarding Tesla Motors Inc.
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