Stock trades come and go. Whereas one can't put a price on healthy and happy about life in general.
(I'm willing to wager Warren Buffet would trade his fortune to be 40 years old again). Maybe this is a good time to realize you can't always get your way, and enjoy life for what it is.
Georgia (2nd only to CA for electric vehicles) in their latest transportation bill is proposing $200-$300 yearly tax for EVs. They are also debating getting rid of or reducing the $5,000 subsidy.
Yet little news on the new Porsche electric which when released will gut Model X sales in China. (Chinese tend to buy higher end based on prestige, and reverse engineer the rest)
Once again any mention of China even the least bit positive rallies the stock. Pretty obvious by now it is web crawler/bot based, followed by the algos.
(Never mind that the sales numbers are lagging).
Will be interesting to see if they break out China sales in their year end sales #'s
Take a look at charts, fundamentals, analysts, media and even the CEO's words, all negative.
This thing is going to get ugly for small retail, and today is as blatant a Bull trap as I've seen.
It's the analogy I've used for the last year or so. Sales musical chairs from one country to another, from one model to another. Looks like the music is about to stop on the geographic aspect, the model aspect will now be the new 'greener pasture' being sold to retail.
Non-event? Those of us who are more than day traders recall TSLA going up 10-20pts per day multiple times when China was mentioned. Now its time for the reversal.
Low oil = more money in peoples pockets = no excuse for loosening money supply
The market has been artificially inflated the last several years, time to get back to reality.
The only ways TSLA is going to hot $320+ in the next several days is if they do a reverse spit or the dollar is devalued.
Perhaps reading comprehension isn't your strong suit....GM will be getting it's batteries from LG.
LG Chem presently supplies lithium-ion batteries to GM, Ford, Hyundai, Kia, Volvo and Renault, among others; and Nissan is rumored to be switching to them as well.
The gigagactory already is and will remain an albatross.
Tesla site uses $4.90 per gallon (for premium gasoline) for their 'savings' numbers.
We know they update their site with anything remotely positive, interesting they haven't gotten around to updating the numbers to reflect the reality of gas prices be they current, a week ago, a month ago or even a year ago.
I've noticed a few interesting trends as well. (My predictions fwiw have been within a few % of the reported numbers). I think q4 may have a little more play than usual though.
I'll drop a little hint on the VINs presuming not everyone has it as a data point ....there is lag involved.
Wait wasn't this the same Adam Jonas that claimed Tesla would lead us to "Utopia"?
Once again big institutions and their biased analysts will cash out while retail is left holding the bag.
Plus ca change....
There needs to be a 15-20 point down day before I would consider covering or going long (to play the bounce).
The fundamentals remain,awful, technicals eroded, and momentum is downside. Stocks like this need a capitulation day where it smashes through downside resistance, before larger buyers come in, otherwise it will keep trickling.
The problem is that if you look at the bullish pricing models that support pps above $200 p/s they need to increase sales 50-100% yearly to justify their projections! One month of meeting expectations when year on year numbers are being missed doesn't bode well.
Not to be pedantic but if you need additional explanation let me know, there are many sources that list analyst sales expectations
I tend to agree with you on most mid/large cap as far as oversold bounces, however as you mentioned the fundamentals make this a momo stock. On the way up it rarely paused for overbought conditions.