Elon Musk strengthens his positions in TSLA (22/02/2024)
Founder and CEO of Tesla, Inc., Elon Musk, has increased his stake in the share capital to 20.5%. He currently owns 411.06 million shares of the company's common stock. Musk is carrying out these actions in line with statements about plans to acquire a 25% stake to strengthen his position among the company's shareholders. However, it is possible that the billionaire also wants to purchase shares at a price significantly below average.
Therefore, we have chosen to examine the Tesla, Inc. (NASDAQ: TSLA) stock chart.
On the D1 timeframe, resistance has formed at 215.65, with support at 180.06. A small ascending channel has also developed between the support and resistance levels.
On the H1 timeframe, a rebound from the 180.06 level could set a short-term target for a price increase at 215.65, while in the medium term, it could hover around 241.28.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Therefore, we have chosen to examine the Tesla, Inc. (NASDAQ: TSLA) stock chart.
On the D1 timeframe, resistance has formed at 215.65, with support at 180.06. A small ascending channel has also developed between the support and resistance levels.
On the H1 timeframe, a rebound from the 180.06 level could set a short-term target for a price increase at 215.65, while in the medium term, it could hover around 241.28.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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