Tesla ~10% Bloodshed !!!

JeslinToh
2023-07-21
$Tesla Motors(TSLA)$ Stock price just went south by ~10%. It was a painful drop, but for seasoned Tesla shareholders, this is nothing new. Tesla stock price is relatively volatile and it's not for the faint hearted. 

So what exactly happened during earnings call that resulted in the sharp dip in share price? Basically, musk announced the possible price reduction in its products. And that creates fear of thinning profit margins which then resulted in a sell off.

However, price adjustment to products are part and parcel of how companies adapt to macro economic conditions. In the current market, affordability is key in gaining traction. I believe that's why Musk made that announcement.

All in all, I hope we are all ready for another round of roller coaster ride with Tesla! Invest safe.

@CaptainTiger @Daily_Discussion @TigerStars @MillionaireTiger 


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Comments

  • JONESTea
    2023-07-23
    JONESTea

    I hate to say this .. but.. Tesla is only worth $16. this bubble

  • Hilliton324
    2023-07-23
    Hilliton324

    Tesla throwing away billions on FSD and getting nowhere fast. Hyundai/Uber, Waymo and Cruise are way ahead of them running self driving robotaxis.

  • Lionel8383
    2023-07-21
    Lionel8383
    Traders taking profits as right now it is trading over its intrinsic value. With more price cuts, its valuation will be lower too
  • CharlesBaker
    2023-07-23
    CharlesBaker

    Fan boys about to feel pain this week when will they ever realise Elon pumps you and doesn’t deliver if the stock price was a bargain

  • ZOE011
    2023-07-23
    ZOE011

    Before going all in on those overhyped stocks, just remember that goes up must come down

  • zinglee
    2023-07-26
    zinglee

    Shorts say $150 coming, but have been struggling for a month just to get TSLA back to $250 lol. Come on shorts, you can do better.

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