(Semafor) Tesla factory sabotaged Tesla had a rough 24 hours, as its shares slipped following a suspected arson attack on its Berlin Gigafactory; its “apocalypse-proof” cybertruck was involved in a crash in California; and its February sales in China dropped to their lowest level in more than a year. Environmental activists have been protesting Tesla’s expansion plans in Berlin, and a German left-wing group claimed responsibility for the sabotage, prompting CEO Elon Musk to call them “the dumbest eco-terrorists.” Delays and local opposition have hamstrung Musk’s ambitions for the factory to dominate Europe by producing a million cars a year. Meanwhile, in China, “it’s been a perfect storm of headwinds for Tesla,” an analyst said, as the company battles slowing demand and fierce competition from local rivals.
the real truth is that only china is being helpful but we call them "commies" rather than capitalists. wtf is germen doing.
BYD deepens EV price war in China with latest cut for its cheapest car https://www.reuters.com/business/au...est-priced-ev-model-seagull-by-54-2024-03-06/
Saw some 174 today. Strong case for that to be a bottom but I really have no idea what this thing is doing.
It all depends on data to which you and I have no access to. I seriously doubt there will be many shorts sellers at this level. That's not a good thing if you want TSLA to go up. That said.... the whales know all. If we see a sudden spike to $197+/-.... in a very short period of time.... that will bait the shorts. An indication the whales are making another move. And then it will go higher. But to bet on that, the $20 spike up has to happen very quickly. When that happens, historically at least, the higher TSLA goes... the higher TSLA goes. BUT... I'm not so sure that game will work anymore, for the algos. Reason being, too many mini-whales... lost their asses shorting those spikes, and once bitten, twice shy. So for now... rangebound or down. Until earnings that is... then the game resets the level.
LOD yesterday was $173.70, up pre-market which may or may not last. But hanging near lows of the week, in a downtrend - likely lower next week near support around $160.
Elon seems to be more 1D than we think. He's accumulating Doge right now. Once thats done,I guess he can get back to Tes. Its one thing at a time with this guy.smh.
Tesla's are fast in a category they wish they weren't:- Tesla Cars Lose Value Three Times Faster Than A Maserati, Study Says Tom McParland Mon, March 11, 2024 at 3:58 PM EDT·2 min read 52 Image: Tesla Tesla’s “no haggle” direct-buy pricing model was once heralded as the future of how Americans would buy cars. Several years later, the dealership system is still going strong. Now, according to a recent study, Elon’s insistence on adjusting MSRPs based on market conditions has had detrimental effects on Tesla’s resale value. Everyone is well aware that the electric vehicle market is facing some challenges. Inventory is building up, and brands struggle to find buyers beyond enthusiastic early adopters. Since the charging infrastructure still has a long way to go to match the convenience of gas stations, many buyers looking to go green are opting for regular hybrids or plug-in models. While traditional automakers have responded by utilizing a lot of discounts and rebates on their electric models, Tesla has slashed the sticker prices to compete. These price drops, combined with lower consumer demand, have had a cascade effect on the used market causing pre-owned electric model values to plummet. According to a recent study by iSeeCars.com, Tesla’s rate of depreciation from an overall brand perspective vastly outpaces all other automakers. “iSeeCars analyzed over 1.8 million 1- to 5-year-old used cars sold in February 2023 and 2024. By comparing the average prices of cars by segment, brand and model, the analysis shows a general softening of used car prices overall, but a dramatic drop in used electric vehicle prices.” Screenshot: iSeeCars.com According to this data, Tesla models lose value twice as fast as Alfa Romeo and three times as fast as Maserati. This massive depreciation drop is mostly tied to Elon’s decision to constantly cut prices on new models, forcing an ever-widening gap for pre-owned cars. Even though the Tesla brand has the worst depreciation, because it exclusively makes EVs, the Chevy Bolt is the hardest hit as an individual model when looking at electric cars overall. Screenshot: iSeeCars.com According to the iSeeCars data, the top seven steepest depreciating cars are all electric vehicles. Naturally, this is good news for consumers since the top four EVs average under $25,000, which means a potential customer could also qualify for up to $4500 in tax credits for used EVs, bringing the net cost down even further. Tom McParland is a contributing writer for Jalopnik and runs AutomatchConsulting.com. https://www.yahoo.com/news/tesla-cars-lose-value-three-195800323.html