Tesla set new record

Tesla set new record

2020-08-19 • Updated

What are the reasons for its rally?


Tesla skyrocketed to $1 835 on Monday. Recently the company has announced a 5-for-1 split. It will make the stock more accessible to a broader base of investors. Each Tesla shareholder will receive four additional shares for every share held. Trading will start on a split-adjusted basis on August 31.

Actually, the stock’s rise might be caused by the positive call from Wedbush. He said that Tesla has a capacity to grow further because of the increasing Chinese demand for electric cars. A new Tesla’s factory opened in Shanghai last year. Elsewhere, he mentioned that Elon Musk may unveil some surprising news on September 22 on Battery Day. In addition, Bank of America and Morgan Stanley raised their rating of Tesla. They expect the tech giant will present some advanced battery technologies, which will allow to decrease its costs. After the price’s surge Elon Musk got a prestigious title of the fifth-richest person in the whole world. Notably, he owns 21% of Tesla but has pledged almost 50% of his stake for loans.

Technical tips

According to Wedbush, the stock price may surge to $1 900 soon. Indeed, the current risk-on sentiment may help the stock to reach this level. However, if Tesla drops below the low of August 14 at $1 645, it will open doors towards the next support at $1 500. Catch the market movement and join the flow!




Oil rally takes a break
Oil rally takes a break

WTI oil pulled back after it surged above $52.00 for the first time since February. What's next?

Latest news

Gold: trade the sideways move
Gold: trade the sideways move

How to trade the gold price while it's oscillating between 1 837 and 1 864? Read the article, and you'll know how!

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera