Have you purchased Tesla (NASDAQ:TSLA) shares

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By Hanson So on September 25, 2014 Company

It goes without saying that this has been an astounding year for the automobile company, Tesla (NASDAQ:TSLA) . But the biggest question has yet to be answered, has the company finally reached its peak? Is it finally the end of the road of a record high for this luxury car manufacturer?

The company has seen its share of ups and downs this year, despite hitting 11% low in its share price, recorded on September 4 2014, the company has shown the highest improvement of 66% till date. Tesla (NASDAQ:TSLA) CEO, Elon Musk, despite losing value of around $1 billion for the Tesla (NASDAQ:TSLA) shares, is still a proud owner of assets worth $7 billion. This down might not be much for Elon but small investors are suffering and are consistently worried and confused whether to sell Tesla (NASDAQ:TSLA) ’s stocks or not.

Founder of Chantico Global, Gina Sanchez is really worried about Tesla (NASDAQ:TSLA) ’s ambitions for 2015 of selling up to 100,000 cars won’t be possible since Tesla (NASDAQ:TSLA) was only able to sell 22,450 of Model S. This is nothing compared to the giant Toyota, who sold nearly 10 million cars in 2014 all over the world. She states that it’s obvious that the company will not be able to achieve the set goal and fall short again. Sanchez also goes on the record to say that since the market itself is weak, it does not offer space for companies that falter on day to day basis.

Global technical strategist of Auerbach Grayson, Richard Ross, based on his vast knowledge of the share market clearly says that if you want to sell the Tesla (NASDAQ:TSLA) shares, now is the right time to get maximum profit. Starting form the month of May, Ross says that Tesla (NASDAQ:TSLA) shares had been trading above its predicted trend line and maintained its 200-day moving average, which only changed for the better. Improving its March high numbers, hence making it more buyable in that month.

Tesla (NASDAQ:TSLA) hasn’t been able to go above that $300 level high, hence taking it to the point where things are only going downhill and increasing its chances for people to sell as quickly as possible. The pattern of Tesla (NASDAQ:TSLA) shares has been highly unpredictable ever since. Based on the market study and average movement of the shares the price right now for each Tesla (NASDAQ:TSLA) share is estimated to be $212 per share. Ross predicts that the price might even go to $200, but not below that. So if you are interested in selling the Tesla (NASDAQ:TSLA) shares, this is the right time as you will be getting the maximum value from them.

Ross also makes it crystal clear that even long term investors should be trading off the stocks for something more viable. Furthermore he makes it pretty evident based on his studies and statistics that money should not be invested in the Tesla (NASDAQ:TSLA) stocks right now and you need to wait for a long time for things to settle down if you want to have Tesla (NASDAQ:TSLA) in your portfolio.