MarcusMaximus
Active Member
Well, the global economy still depends on oil to a large degree, and should high oil prices trigger a recession that won't be super good for Tesla either, because recessions depress new car purchases far more than any other product category.
So there's some logic to the knee-jerk reaction of TSLA following the macro pulse.
But there's one thing that is possibly not realized in TSLA price yet:
That's just slightly up from Q2's 95,200 - so depending on how well the end of quarter push is executed, Tesla could potentially beat those numbers.
Unless, of course, it’s mysteriously, retroactively, pushed much higher after the numbers come out.