Stock Markets Analysis and Opinion
Sentiment Is Turning Against Elon Musk
2022.05.19 19:11
I noticed the top-trending item on Twitter (NYSE:TWTR) yesterday were the words ““ Today, the top one is “which actually has nothing to do with the pillow guy, but is essentially saying Tesla CEO Elon Musk is the new Mike Lindell. Suffice it to say that sentiment against the guy is pretty hard now, which tells the contrarian in me, that Tesla (NASDAQ:TSLA) is probably ready to get some strength from these levels, with $700 being ferociously defended.
Tesla Chart.
I think I’m something like 10 for 10 on Tesla calls this year, so let’s see if I score another one. I will say, however, I think TSLA is going to be in for another one of the multi-year slogs similar to what I’ve tinted in green below.
Long-Term Tesla Chart.
