Out with the Old

Despite an omnipresent group of stubborn shorts, or perhaps because of them in part, Tesla continues to notably outperform the "FANG" plus Apple (not to mention NVDA SQ) prior leadership names to little fanfare.

Recently, TSLA bears had every chance to break the name back under its 200-day moving average and get the ball rolling downhill are the stock had been holding up remarkably well during the broad market correction in the fourth quarter of 2018.  

However, bulls arrived, once again, and recaptured not only the 200-day moving average as well as the 50-day moving average as we speak. 

Simply put, TSLA continues to act like it wants to outperform the broad market whenever the next uptrend comes, as sellers are now seemingly hanging their hats on either an exogenous event or some type of other news hitting the stock out of the blue. 

But in the meantime, the controversial stocks with the controversial CEO continues to impress for those without an inherent bias.