Tesla stock price on 12/28/2022Tesla stock has dropped from a market cap of 1.2 trillion to 350.66 billion over the last 12 months. Elon Musk contributed to some of that selling by selling his own Tesla stock (insider transactions -93.83%). However, Musk also did several things that would help the stock including his most recent announcement that he would search for a new Twitter CEO which would give him the chance to focus on Tesla again.

Today, Tesla has an RSI of 16.56. I have never seen an RSI that low. It signals Tesla has sold off extremely quickly and may be oversold on a short-term time horizon.

Tesla has an expected growth rate over the next five years of 39.91%. Tesla’s target price over the next 12  months is $250.

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