Elon Musk continues to help Tesla stock soar to the moon with his tweets, estimates and of course the actual incredible company that is producing 0-60mph in 1.99second cars and charging solutions for even their competitors.

The EV market is booming due to it becoming more competitive with rivals Lucid, NIO and Rivian launching their IPOs with success and the world becoming more electric vehicle hungry due to fuel costs going up and governments getting more green friendly ahead of climate issues.

Tesla now offers cars to suit all needs including the Model X, Model S and soon to come CyberTruck. Their service also continues to amaze it’s customers as they can order a car on their phone and pick it up instantly from their nearest dealership. Musk has also recently tweeted that the Model S Plaid will be available soon in China which has the potential to send sales and revenue into orbit.

As of today

November 24th, 2021, Tesla stock stands at $1109 with recent highs of $1229 and resistance of $1000 has been tested multiple times with the stock bouncing upwards every time it hits that level.

With the stock looking like it’s going to do nothing but up makes this article somewhat confusing to many when discussing a short potential, even Michael Burry the King of Shorts has withdrawn his orders and waved the white flag at trying to crush Tesla stock to the downside. This should have meant nothing but good news for Tesla investors but Elon Musk himself is selling off $17Billion dollars of his personal shares plus Cathie Wood of Ark Investment just diluted her position in Tesla by 27%. These are two giant sell offs of a stock that the whole world is talking about. If there are no big funds buying up these shares then a large downslide is inevitable to happen.

Image courtesy of Finance.Yahoo.com

Tesla is a speculative company where you are investing in their plan and the future. Revenue is low, a lot of tech is being developed and their manufacturing centre is struggling to meet deadlines.