As President, Donald Trump will likely turn a blind eye to alternative energy. Not so much because he does not believe in it but because his party has historically been pro oil and anti climate change. This blind eye includes Tesla Motors Inc (NASDAQ:TSLA). The crazy thing about it is the stock chart on Tesla predicted this. There was a major stock chart breakdown that happened in the last week with a price target of $140.00. This now looks extremely likely. Ultimately, alternate energy stocks will be pounded and Tesla is one. Expect less funding for alternate energy and less focus. On the other hand, be bullish on big oil.
Whether Tesla can fight through it or not is up to Elon Musk, but investors understand it definitely is not a positive for alternate energy stocks.
I post my trades live where they are verified by a third party right here: verifiedinvesting.com/AnnabelleTrader
Whether Tesla can fight through it or not is up to Elon Musk, but investors understand it definitely is not a positive for alternate energy stocks.
I post my trades live where they are verified by a third party right here: verifiedinvesting.com/AnnabelleTrader