Will Tesla stock rise after Germany giga factory opening?

 

 

Watch! Elon Musk dancing when he opens Tesla in Germany

 

Elon Musk seems a good dancer, look he danced during a tour of Tesla's factory in Germany, it is near Berlin.

It is Tesla first European plant, this Giga factory will eventually produce 500,000 electric vehicles annually as well as batteries for the cars.

 

Will Tesla stock price reflect this movement?

Very likely, YES

Since this news announced, the shares of the electric-vehicle maker were climbing in Tuesday trading.

 

Below chart from moomoo futu demonstrates Moving Average , 5 days moving average (MA5),  MA10,  MA20, MA30, MA60, MA120, MA250, all indicates the stock price predicted to go up.

 

Not only MA moves up, Tesla PE ratio also moves to the right direction, PE ratio on Aug. 2021 is over 1000, the PE ratio in Feb. 2022 falls down to 175, the trend heads to the improvement direction. 

The Berlin plant will help Tesla grow and can improve profit margins, which could further improve PE ratio.

 

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