Signs Of Exhaustion For TSLA 😮‍💨

ZEROHERO
2023-07-24

$Tesla Motors(TSLA)$ BearishShares of Tesla Inc. fell into correction territory last Friday, and their chart suggests the selloffs are likely to continue for awhile longer.

⚠️ Trading tips: Looking at puts below 254 towards 251.5, 250, 247 and calls above 257.5 on Monday. Flat price action leading to FOMC on Wednesday expected.

Not pretty for TSLA bulls

Tesla’s stock has been on a downward trend since last Wednesday, even after the company reported better-than-expected earnings and revenue for the second quarter and maintained its delivery guidance.

Analysts highlighted the role of “other income” in boosting the results, while some expressed unease over the lack of clarity on the company’s margin trajectory. CEO Elon Musk‘s remarks hinting at possible future price cuts further dampened investor sentiment.

UBS downgraded Tesla from Buy to Neutral on Monday, although they raised the price target from $220 to $270.

In another development, Musk’s social media platform Twitter rebranded as “X,” drawing skepticism from analysts about its potential impact on advertisers.

Economic news this week

Amid the uncertainties surrounding margins, the stock might remain rangebound, but the anticipation surrounding Tesla’s Cybertruck could offer some support against potential downside risks.

Upcoming earnings this week

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Comments

  • koolgal
    2023-07-25
    koolgal
    A different name under the same packaging for Twitter aka X.  Elon just like the alphabet X like Space X.   
    • koolgalReplyZEROHERO: 
      Not likely to happen in the near future especially if he is restricting number of Tweets to users per day.
    • ZEROHERO: 
      He’s trying to overtake Threads with a name change to have much more users within a day 😂
  • YTigger
    2023-07-25
    YTigger
    Great ariticle, would you like to share it?
  • 今晚抓老虎
    2023-07-25
    今晚抓老虎
    这篇文章不错，转发给大家看看
  • Reem
    2023-07-25
    Reem

    Great ariticle, would you like to share it?

  • CIK
    2023-07-31
    CIK
    Great ariticle, would you like to share it?
  • Sugio
    2023-07-25
    Sugio

    Great ariticle, would you like to share it?

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