I don't subscribe to the hype though I'm enthusiast about Tesla future. Right now, they are pricey vehicles targeted at the wealthy. They need to come out with that lower cost vehicle. They need to resolve the charging issue that will become a real problem when EVs are at real scale. They need to improve their interiors which is a bit lacking for the luxury segment. We shall see about how demand stands up in 2023 with the macroeconomic conditions. We have already seen cracks in the recent months. So yeah the mandate is to go EV but there will be growing pains and I think the ICE infrastructure will persist a big longer than some people might like.
What I believe is a valid response by Musk to the lower price model is that batteries are just not yet available in sufficient volumes and would canibalize production of high margin models 3 and Y.
The trend is doooown. Traders look for short, not long!!!, entries until that changes. Traders also don't amateurishly use BRN's big round numbers.
Well, to meet those lofty production numbers, they are going to have to get out that lower price model sooner rather than later. While the 3/Y are great first generation vehicles, at some point, they need to start looking at the next generation models. I'm pretty sure there are areas that they need to improve upon.
Daytrading TSLA is really only for the pros. I'm thinking along the mindset of long term buying. Number of countries have mandated EV only vehicles. US is pushing adoption. Given that, I'm thinking the bottom is not yet fully in. Big round numbers are good points to accumulate for a long term position.
Musk has self-described (should I say "Identified" as a genius in the past. Discuss amongst yourselves. Stable geniuses are neither stable, nor geniuses. Analysts Are Screaming That Elon Musk's Twitter Obsession Hurts Tesla (businessinsider.com)
There have been multiple cases where geniuses have gone mad. Bobby Fischer Nikola Tesla Vincent Van Gogh What made them great, their mind, is also what led to their downfall.
Trading for many includes more than an intraday move. And accumulating against the trend is called investing. Blindly buying because of a BRN is called gambling.
Gambling? Lol, TSLA has been the mind f*ck of the last 2 years. Fan boys have been INCESSANTLY flaunting the fundamentals of this company. By every metrics of growth and innovation, it should have withstood the downtrend better than other huge money losing companies. I've seen justification backed by plausible growth rates since it's high at $400. At every level from $400 to $300 to $200 to $150, it's been harkened as a super cheap valuation. It would seem in this type of markets, you could consider buying at many levels, gambling, as it continues to go lower. What most people will do is to look at certain levels were they feel there is value and start to accumulate if they have a long term horizon. Rather than give snippets of your "wise" generalities, put out some numbers. Where you would buy for a long term position? At some point you have to take a stance. Much easier to pontificate after the fact.