Chart Analysis: Today’s NinjaTrader Chart of the Day showcases Tesla Motors Inc ($TSLA), the maker of the now highly popular electric vehicles. A slick design and many positive reviews have allowed $TSLA to go on a tear lately, raising over 400% in a year! A recent CNBC interview with Tesla CEO Elon Musk hinted at some items that may start to work against this recent winner.
Our NinjaTrader chart shows $TSLA’s recent daily price gains for the last year using custom colors which are easily setup within the chart interface. A custom bar type, “Mountain style” bars are used so we can see just how dramatic the price gain has been in this stock from under $40 to over $150 in the last year alone.
Tesla’s growing popularity has lead to concerns about enough supplies being available to meet demand. As demand continues to grow, TSLA has to work with producers to make sure they can provide the needed supplies and materials. In addition, since battery cells are a newer technology, the production facilities require to meet TSLA demand is not in existence, so new warehouses and production process will need to be developed.
All in all, these are good problems for a company to have as TSLA is meeting more demand than expected. If Tesla is able to make sure their supply meets the huge growth in demand, or event a large portion of it, the company should continue to thrive. Investors could even expect more growth in the future as this stock continues to go nowhere but up.
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