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Tesla's Q2 Earnings Could be a Rug Pull on the Current Rally in Its Shares

Tesla's Q2 Earnings Could be a Rug Pull on the Current Rally in Its Shares

After a 44% rise in 4 weeks on no specific positive catalyst, Q2 earnings on July 23rd present a possible "rug pull" if Tesla misses by 20% to 30%, which seems likely

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Motorhead
Jul 08, 2024
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Tesla's Q2 Earnings Could be a Rug Pull on the Current Rally in Its Shares
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Tesla’s Market Cap Surged By 75% of Toyota’s Value in Just 4 Weeks

Tesla’s stock was stuck in a trading range between $180 and $190 for nearly two months between May 1st and June 25th, when it closed at $187. It broke out from that range on June 26th and has surged by 34% to $254 without one down day during the last 8 trading sessions.

Tesla’s Q2 deliver…

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