Will Elon Musk take tesla private?

The big story of yesterday and today was and still is – Tesla

Yesterday Mr. Elon Musk tweeted the following:

Elon Musk tweet 0808

Right after Musk tweeted “considering taking Tesla private at 420$”, Tesla’s stock had risen by more than 7%.
Right after the tweet, A blog post called ‘Taking Tesla private’ was written by Mr. Musk had been sent to all employs.-https://www.theguardian.com/technology/2018/aug/07/elon-musk-tesla-inc-private

Tesla Car

Tesla went of towards rates of 379.57$ per share at the close of the session, and expectations in the market are to see if the stock will reach the target price of Mr. Musk- 420$ per share and how fast will it happen – today? tomorrow?…

As of now, this is how the stock closed yesterday:

Tesla Daily Chart 0808

It will be interesting to follow the stock today, and the price action will be very fast as adjustments will be made both from long believers and Short traders – let’s wait and see…

Crude Oil

Oil – As the Crude Oil inventories are coming up today, the Black Gold will be under interesting price action movements as the long-term trend maintains, and the trend remains bullish and is being supported by the technical chart as appears below:

Crude Oil Chart 0808

Share your opinion below and stay tuned – more to come…

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