Tesla is an American multinational automotive, artificial intelligence and clean energy company. As of February 2023, Tesla is one of the most valuable companies in the world, 7th position to be precise. The market cap of Tesla stands at $655.98 Billion. The opening price of Tesla in 2022 was $382.76, but the year wasn’t favorable to investors as the share price closed at $123.51 at the end of 2022 which was a 68% loss in value.
2023 opened for Tesla at $118. On the first trading day of the year, price fell to $102.70. The last time price fell to this point was in August 2020. $102.70 currently stands as the support level for the year and also a 3-year low. On the 9th of January, a bounce from this support level started and Tesla’s share price has since hit the $200 psychological level and surpassed it. $TSLA is currently at $196. Our analysts think price could continue to rally for the next few weeks as price could reach $300.
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