Tesla remains strong ahead of stock split
There seems no chance of Tesla’s stock running out of bullish momentum, as the date for the stock split gets closer.
Tesla Motors Inc (24 Hours) stock split is just the latest development in a remarkable ride for the firm. After four consecutive quarters of profit, the firm looks to be in a much better position, even in the uncertain post-Covid-19 world.
The stock has made further gains in the wake of the stock split news, with demand in China behind the recent strong performance. An expected uplift in demand in Q3 will help support the elevated valuation, and provide a further boost to the story of increasing demand for the cars around the globe.
Indeed, Q3 and Q4 are usually the strongest quarters for revenue generation, with both 2018 and 2019 seeing substantial uplifts in revenue in the second half of the year.
Tesla continues to adhere to the uptrend of the past year and more, rising relentlessly since March. It has yet to revisit the 50-day SMA ($1446), and with all three moving averages pointing higher, the general trend is clear.
Act on share opportunities today
Go long or short on thousands of international stocks with spread bets and CFDs.
- Get full exposure for a comparatively small deposit
- Trade on spreads from just 0.1%
- Get greater order book visibility with direct market access
See opportunity on a stock?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Take your position
- See whether your hunch pays off
See opportunity on a stock?
Don’t miss your chance – upgrade to a live account to take advantage.
- Trade a huge range of popular stocks
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See opportunity on a stock?
Don’t miss your chance. Log in to take advantage while conditions prevail.
Related articles
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.