fenixfire
2023-09-06

$Tesla Motors(TSLA)$ 

Despite the high sales number, I am leaning bearish in the midterm beyond the speculative sentiment shifts in the short term. 

While the sales numbers are positive, the fact that there were significant rounds of price cuts will point to a decline in margins which undercuts profits. Furthermore, part of the future growth story of Tesla is dependent on its charging network which I doubt will see major inroads in China. FSD may also experience issues of technology diffusion within China.


I expect it to hover within the 240-265 range this week, on the buoyant sentiments, ending the week around 250. But as we all know, this is TSLA, and we have Elon Musk factors at play too. A tweet could send it back up to 300? Let's just enjoy the ride!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • wigglyz
    2023-09-14
    wigglyz

    TSLA keeps going strong, Shorts really have to hope the market crashes in for TSLA to drop. I'll be buying on dips and taking profits before the real PuppetBiden Market falls off the cliff. Then I'll load up on a lot more TSLA!

  • zinglee
    2023-09-14
    zinglee

    I've received signal that Tesla within 4-5 weeks will hit $329

  • cheerzy
    2023-09-14
    cheerzy

    Morgan Stanley names Tesla its AI "Top Pick" with a $400 price target.

  • vippy
    2023-09-14
    vippy

    technically this should reach $300 today.

  • pixiezz
    2023-09-14
    pixiezz

    Why not. $292 before next week.

Leave a comment
5