An RSI value of 70 and above typically denotes the stock is overbought, but analysts are still bullish, with all 14 covering the company recommending buying the stock, data compiled by Bloomberg shows.
A Fed call would imply just the opposite: namely, that the central bank is in effect capping the market (similar to traders who sell call options on their stock holdings).
But you go to the more optimistic, the bullish on the street, Dan Ives of Wedbush, $550 price target on Tesla, even he is saying the recent report, the deliveries one, a disaster on every metric.
Even bullish investors now doubt that Mr Musk will fulfil his promise of making 20 million cars a year by 2030, or that Tesla's autopilot is close to becoming a world-changing fully autonomous driving system.
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At a very high level, the bull case here is that the president's close relationship with Elon Musk should give the company major advantages as it moves into self-driving cars or humanoid robots.