Tesla: Celebrating 40 Months Of Nothing (Technical Analysis, Rating Downgrade)

Summary

• Tesla, Inc. stock has gone nowhere… make that, worse than nowhere, since late 2021, despite tons of volatility.
• TSLA stock has earned “superhero” status with many investors, which historically is a bubble signal. Especially with nosebleed valuation included.
• TSLA stock could again defy gravity, but I see more risk than reward, and any reward is full of risk. I own a small position in TSLS, inverse ETF.