No! no! no! @Rams Fan has personally guaranteed that it will reach $5/share by Q1 '24. If not, he's committed to sending us on a 4 week vacation (all expenses paid) to any destination of choice. Right @Rams Fan?
All this fundamental analysis is stupid (P/E etc) unless you hold and invest. I do not consider TSLA investment, but a trading vehicle. 100 is a strong support and short squeeze can be brutal, and it will... P.S plus do not consider TSLA a car co. valuation. They sell lots of batteries for homes and businesses.
Psychological. Plus, it is way oversold....it may go below but might not stay there this week. However, 2024 hold is not that strong...maybe write some calls and take lots of valium?
On the monthly i think a lot of traders went short where that arrow is and if you believe they will cover when they bank as much as their risk probably above the swing high and 'value' buyers come in, then possible big bounce at 99.90.
One trick pony here...Collision centers. They never opened them up to be anything, ANYTHING close to a standard car company. Does Musk have a billion laying around to make it happen?? I think not. So you buy your Tesla car...Good price too. You get into a fender bender, then the real problems begin. Yeah, you get a loaner...You have already paid a higher price for insurance. You wait a few months and MAYBE get it back. Oh, and if this happens in the middle of nowhere, you have to have the car towed to a huge city to have it worked on. A two thousand dollar Ford/Chevy/Honda/Korean electric car repair bill, could cost you five thousand for a Tesla (a year or two from now). The new electric cars coming will be quicker to repair and service. Yeah, you have the coolness of a Tesla...But at what cost. PS Musk hates your guts...
Even with flat tires you'd wait 2-weeks in California. After a short squeeze I am thinking on shorting...with the inverse ETF.