Fundamentally:
Technically:
- It appears that the compensation plan has been reapproved by the majority of shareholders according to preliminary vote counts (the 2018 plan was declared invalid by a Biden-appointed judge in Delaware)
- This means a major uncertainty has been removed and it ensures that Elon Musk will continue to dedicate 110% of his energy to Tesla.
- Overall, TESLA is making huge progress in the public eye.
- The Tesla Robot is likely already being productively used in the Tesla factory.
- Tesla’s autonomous driving technology is making significant progress.
- Other business segments are performing well: solar, battery technology.
- New products are in the pipeline.
Technically:
- There is a significant bullish pennant.
- Strong reversal at $140.
- $170 has held up well despite uncertainties.
- Analysts and influencers are very positive.
- There may still be a setback for a reverse head-and-shoulders pattern.
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