Tesla (TSLA)

Jun 21, 2021Trade Ideas

On Friday, we highlighted an opportunity with Xpeng Inc. (XPEV), which opened at $44.61. At the moment, it’s up to $45.23, and is still a great electric vehicle opportunity.

Another hot EV stock to consider is Tesla (TSLA). At the moment, TSLA is consolidating around $623.31, holding support dating back to December 2020. Near-term, we’d like to see TSLA back to $275, especially with rising global demand for electric vehicles.

“A new report by Cairn Energy Research Advisors, a research firm focused on the battery and EV industries, predicts a surge in electric vehicle sales in 2021 as countries around the world push new programs to encourage consumers to buy battery powered vehicles. Cairn estimates global sales of EVs in 2021 will jump 36% and top 3 million vehicles for the first time ever,” as noted by CNBC.


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