Tesla anticipates rocketing growth this year, with TSLA shares currently at a six-month high

Thanks to globalization and rapid acceleration within individual cycles, trading on stock exchanges has become incredibly dynamic in recent years. In this context, an increasing group of investors is emerging who seek to profit from declines rather than the typical practice of stock price growth.

The end of speculators

 It’s essentially a classic method turned upside down. When shorting a stock, you sell it in the hope that its price will fall, and once it becomes profitable, you buy it back.

In a nutshell, this explains why the end of the year was at least complicated for Tesla. The automaker faced challenges from multiple directions. The black scenario began with a stock market plunge followed by a loss of investor confidence. Then came the questioning of Musk’s management style and his excessive involvement with the purchase of the social media platform Twitter, among other things.

Photo by Yahoo Finance 

Tesla at a six-month high

However, it seems that since January, the American company has stopped being plagued by bad luck. Starting this year, Tesla has been steadily growing. In this context, we recently informed you that if short sellers had a field day six months ago, they would now be facing a tough time. TSLA shares are currently at a six-month high, and there is no indication that this will change in the coming weeks.

Despite investor adversity and Wall Street’s swift reactions at the end of last year or the beginning of this year, we predicted that it was a short-term downward swing that may not repeat in the long run. If someone wanted to acquire TSLA shares at a reasonable price, they could not have chosen a better time. Additionally, Tesla had a very successful year in terms of sales; ultimately achieving a 40% year-on-year increase in deliveries and a 47% higher production volume.

Considering the recently announced goals, whether it’s increasing this year’s electric vehicle production, further expansion in the near future (Mexico, Spain), or the current level of discounts, it is evident that these factors will continue to have a positive impact on the growth of TSLA’s value. However, we do not advise anyone to trade stocks, as the decision is always up to you.