In today's video, I will be analyzing the the stock of Tesla Motors (NASDAQ:TSLA). Tesla is one of the newest stocks on the NASDAQ and one that's been getting a lot of attention lately. Late yesterday, they announced their earnings and to the surprise of many analysts and the market, the stock of Tesla jumped dramatically today and is currently trading 15% higher than yesterday's close.
Tesla, I believe, is one of the real success stories in the automotive scene. The company is run by Elon Musk, who is a modern day Henry Ford and an extraordinary serial entrepreneur at the same time. Elon is laser-focused on making Tesla the leading electric car company in the world. One of his other endeavors is SpaceX, which as the name implies has to do with spacecraft. SpaceX was recently awarded $1 billion from NASA to supply and act as a ferry back and forth to the space station.
Looking at the movement in the stock of Tesla, you can see why it has made a lot of investors very happy in the last 12 months. I will be analyzing Tesla using our tried and trusted Trade Triangles and showing you the results of using this approach. Continue reading "The man with the golden touch"