To The Moon

Musk, whose net worth dropped below $200 billion after investors dumped Tesla stock $Tesla Motors(TSLA)$  unloaded 19.5 million shares Nov 4 & 7, at prices ranging between $197.196 & $208.731 per share, across a total of 12 transactions. This amounted to 3.95 billion worth of shares according to filings published by the 🇺🇸 Securities & Exchange Commission showed, days after he completed his purchase of Twitter for $44 billion. The purpose of the sale was not disclosed🤐🤫 

‼️The latest share sale leaves Musk with a stake of roughly 14% in Tesla, according to a Reuters calculation.

‼️Tesla has lost nearly half its market value & Musk's net worth slumped by $70 billion ever since he bid for Twitter in April.

🤔🤨🧐Why is he not tweeting this time, “I’m done with selling for now⁉️” It makes me suspect that more sales are possible🙈🙉🙊

🤔💭My Thoughts:

(1) I won’t be averaging down on TSLA yet until CPI data is out & I have more clarity on TSLA’s profitability as $180 & $150 are the next new lows🪨🪨🪨 & from all the recent bad 📰🗞, it is possible that TSLA can continue downhill…I will just hold TSLA for now as I think TSLA can still recover

⚠️ ALL & I mean ALL (100%) of technical indicators for TSLA is SELL😰😰😰

⚠️ Data from 🇨🇳 earlier this week suggests demand concerns in the 🌎 largest car market & 🔑 TSLA manufacturing hub due to 0-Covid policy.

⚠️ TSLA was reported to have sold 71,704 cars (including around 54,505 for export) in 🇨🇳 during Oct, down from record sales of just over 83,000 in Sep 👎👎👎

⚠️ Last month, TSLA which has been raising costs of its 🇺🇸-made cars for much of the year, reduced the starter price of its Model 3 sedan by around 5.3%, & cut the cost of its Model Y by 9%, just days after its Q3 earnings reported echoed the impact of rising production costs & indicating narrowing profit margins for the 🌎 most-valuable car company.

⚠️ Gross automotive margins were 27.9%, a 600 basis point decline from last year, TSLA said, & flat to the figure recorded over Q2, owing to put a surge in input costs & expenses linked to the ramp-up of new factories in Austin & Berlin.

⚠️ Full-year deliveries may fall just shy of its 50% growth target as it "simplifies operations, reduce costs, and improve the experience of our customers."

🤓 FYI I’m not a believer of averaging down when a stock declines😉 You might be really shocked to read this😨 as almost every investor you know talks about the BIG 3 LETTERS-‼️DCA‼️ You can call me a contrarian investor but let me share with why:

🥀 If a stock is going downhill, the more we average down, the more losses we make💸💸💸 & IF the stock doesn’t recover, or as fast as we hope, our capital will be stucked there, forcing us to make a decision to sell at a loss. If it’s a good stock & it’s just because of bad economic/market conditions, the stock price will eventually go up to our purchase price again🤓

❣️In the last few months where all our old holdings were suddenly thrown into the deep red 🌊 I made more profits from buying & selling new stocks. If I had averaged down, I would have missed these 💵-making opportunities.

⭐️⭐️⭐️ Average down on 👍 dividend stocks or indexes/index-based ETFs e.g. $Invesco QQQ Trust(QQQ)$  $SPY(SPY)$  because when the market recovers, we will make more 💰💰💰 with a lower average cost😉

As usual-🤔💭 Consider POV & Actions of investors + 👩🏻‍💻👨🏻‍💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰

Source Websites: The Street, Barchart & Reuters. 

@TigerStars @CaptainTiger @MillionaireTiger