Time to buy Tesla’s (TSLA Stock) dip or let it slip? [Video]

Giles Coghlan LLB, Lth, MA Financial Source

Tesla’s share prices have had their worst ever half-year results with a drop of over 30%. Supply chain issues, higher raw material costs, and worries over a global recession have all been weighing on Tesla’s stock prices over the last few months. On top of this Elon Musk, the charismatic leader of the company, is simultaneously pursuing a bid to buy Twitter at the same time as trying to take Tesla to new levels of production. So, where does Tesla go from here? Will it maintain the first-mover advantage in the EV industry? Will it get a new direction from its solar roof tiles or its Optimus robot?

Ultimately it is impossible to say. However, the seasonal pattern point to a decent second half of the year with an average return of 21.40%. Is Tesla stock worth buying or is the volatility too high and makes it not worth the risk?

Major trade risks

A sharp global slowdown can create more headwinds for Tesla stock.
Any bad news for the company can weaken prices.

Learn more about HYCM

Author

Giles Coghlan LLB, Lth, MA

Financial Source

Giles is the chief market analyst for Financial Source. His goal is to help you find simple, high-conviction fundamental trade opportunities. He has regular media presentations being featured in National and International Press.

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