Tesla Rose After Musk Wrote That He Was Deleting His Twitter Account

Tesla rose yesterday after Elon Musk wrote that he had deleted his Twitter account.

Investing.com wrote that his account nevertheless remained after that tweet, but this did not stop investors from breathing a sigh of relief that the Tesla CEO's messages might no longer be a factor they need to consider. We remind you that on April 1, Musk allowed himself to joke on Twitter about Tesla possibly going bankrupt. :)

Musk has been involved with the U.S. Securities and Exchange Commission (SEC) over various tweets he sent, which violated securities rules.

Here is what Tesla's stock chart looks like at the moment, along with yesterday's rise of approximately 5%:

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Tesla in an Investment Portfolio

Tesla shares look interesting to us for short- or medium-term investments. They are part of our portfolio as high-volatility shares with a slightly higher level of risk. 

Last year, Tesla shares rose by more than 45% in 2 months, from the 253$ per share support level (the lows of 2018). At the next test, that support did not hold, so the investment was closed at breakeven (visible on the chart) and reopened from the next support level, at 185$ per share. 

As we can observe in the image below, the 185$ level was decisive during 2013-2016. It seems to be important in 2019 as well, because within 3 weeks of testing it, Tesla shares had already risen by more than 20%, and Musk's tweet yesterday only helped this investment.

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The Plan for Tesla

After Tesla shares generate approximately 30% profit for us, we will wait for a re-entry from the same 185$ level or re-enter after an upward breakout of the 255$ region.

Important: Investments in shares (investment portfolios) are made by diversifying the share of available funds according to the aggressiveness and profitability of the chosen "securities".

For more details on how to correctly build a profitable investment portfolio (shares, stock indices, gold, ...), do not hesitate to contact us. 

We offer free consultations

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Risk warning: This article is for information and education only, reflects the situation as of its publication date and does not constitute investment advice, an offer or a recommendation to buy or sell any financial instrument. Trading leveraged instruments (Forex, CFDs) and crypto-assets carries a high risk of losing your capital. Past performance does not guarantee future results. Before investing, assess your objectives and risk tolerance and, if needed, consult a licensed adviser. Details: Disclaimer & Risk Warning.