It is now more than a year since the market took a deep dive in the face of the COVID-19 disruption to our lives
Here is the 2-year chart that shows us that wonderful Buying opportunity
The stock has gained 10x its value since that momentary low
The stock has also split 5 for 1 and joined the S&P 500 since then
Perhaps more importantly, the market has gained far more confidence in both TSLA the stock and Tesla the company, while consumers have been buying strongly increasing amounts of Tesla the products
Now when we look at the 1-year chart we can also see there has been a steady trajectory to the floor price for the stock, shown by the Green line here
That Green line was anchored at $272 on 10 August 2020
And its latest reconfirmation was at $540 on 1 March 2021
GLOBAL SHORTAGE IN COMPUTER CHIPS "REACHES CRISIS POINT"
Consumers are facing price rises and shortages of products from TVs and mobile phones to cars and games consoles as a global shortage in semiconductors grows theguardian.com/business/2021/…
The shortage in chips, the “brain” within every electronic device in the world, has been steadily worsening since last year
Initially the problem was only a temporary delay in supplies as factories shut down when the coronavirus pandemic first hit
However, although production is back to normal, a new surge in demand driven by changing habits fuelled by the pandemic means that it is now reaching crisis point
Toyota, Nissan , Honda and other Japanese automakers scrambled on Monday to assess the production impact of a fire at a Renesas Electronics automotive chip plant that could aggravate a global semiconductor shortage businesstimes.com.sg/transport/japa…
"We are gathering information and trying to see if this will affect us or not," a Honda spokesman said
Other car makers including Toyota and Nissan said they too were assessing the situation
The effect on car makers could spread beyond Japan to other auto companies in Europe and the United States because Renesas has around a 30% global share of micro control unit chips used in cars