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πŸš—$2000 Tesla fuels US100 rally!🎈🎈🎈

7:56 AM 21 August 2020

Since announcing the 5-1 split 10 days ago Tesla (TSLA.US) shares soared by stunning 40%, extending the post-COVID rally to stunning 470% and closing above $2000 for the first time ever. While the split itself shouldn’t impact the valuation directly, investors also await the date of the S&P500 (US500) inclusion and there’s talk of forced stock purchases by index tracking managers.

The Tesla rally helped drive all key tech stocks higher and while US500 is still a notch below all-time highs, Nasdaq100 (US100) soared to fresh highs yesterday. What is more, there are no clear signs of trend fatigue – US100 remains within the upwards channel (not even close to the upper limit) and the RSI shows no divergence.

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