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🔥 Tesla vs. VW: what is better to buy - a car or shares?
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Electric vehicles are selling more actively than traditional cars in Europe, a result attributed to the popularity of the Green Revolution ideas that make consumers pay more for environmentally friendly vehicles.
Volkswagen (OTC: VLKAF) remains the top seller, but Tesla's (NASDAQ: TSLA) rapid growth is challenging the European auto giant.
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The priority of the German concern in its domestic market is gradually spreading to the entire continent. The
Volkswagen T-Roc,
Volkswagen Tiguan and
Volkswagen Golf are the best sellers for the second year already, but in the second quarter, the Tesla Model Y became the most popular model (sales growth of more than 200%). If Tesla maintains its current momentum, then the European rating could adjust.
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Those who are not ready to change from a traditional car to an electric car can invest in manufacturer shares.
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In fact, Volkswagen shares returned to the average range of 2015-2020, when the price hung in the $100-185 zone. Based on recent reports, the earnings growth trajectory is encouraging, although net income dynamics have yet to confirm a similar growth momentum. But staying in this channel is now unprofitable. While the price is testing October 2020 support levels, there is a good time to buy.
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The first target: is $180-185, then with a positive foundation, we can consider the zone of $210 and above.
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Tesla's share price is trying to recover from a notably weak performance in 2022, and the financials are supporting the trend. The company managed to win back more than 50% of the fall, but now the test of the $230 zone can ease the selling pressure and give the bulls a signal for a successful entry.
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The first target is $270-285, then, if the market is favourable, the zone of $300 and above becomes relevant.
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The battle between the two automakers promises to become more aggressive, so such an investment is sure to be risky but rewarding.
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Let's see what happens.
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Profits to y’all!