Tesla, Inc. (TSLA) reported blow out earnings on Wednesday and while the stock initially popped, we are now seeing a correction. Whether this is related to the massive run from $1,000 or the overall weakness in tech stocks, its something we need to watch closely.
Tesla (TSLA) is my top stock to buy right now due to this correction and I will be targeting $1,355 or lower on Monday and Tuesday. If you recall a few weeks ago, I sold 1/3 of my Tesla position because it rallied so high so fast that I thought a correction was coming. After all, Tesla (TSLA) stock nearly hit my 2021 price target of $1,800--a price target I might have to upgrade as we get closer to 2021.