🎁Will Tesla bring another cold winter for investors?

Tiger_chat
2023-10-20

On Thursday, $Tesla Motors(TSLA)$ declined by 9% and continued to drop before the market opening.

  • The company fell below expectations in its third-quarter automotive gross margins and reported an earnings shortfall, marking its "first bad miss in three years."

  • Elon Musk stated that the unique design of the Cybertruck has posed challenges in scaling up production.

Will Tesla present another cold winter for investors?

It’s known to most investors that last year $Tesla Motors(TSLA)$ began to dip in September and kept falling to $108. The main reasons are:

  • Elon Musk sold billions worth of $Tesla Motors(TSLA)$ for acquiring Twitter

  • Weak demand: Reduced production schedule at its Shanghai plant

At what price will you bottom Tesla?

$Tesla Motors(TSLA)$ already fell to the key support level of $215. The next target price might be $200 and then $165 and $150.

Will $Tesla Motors(TSLA)$ dip further like what happened in 2022?

Is it another cold winter for Tesla investors?

At what price will you bottom Tesla?

Leave your comments and repost to win tiger coins~

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Comments

  • Shyon
    2023-10-21
    Shyon
    I think Tesla will further dip like in 2022 due to the bad earnings. The bad sentiment will continue until next quarter if the earnings become better. I will start to collect Tesla probably around 200 and more if it hits 180 USD. How do  you think? @koolgal @rL @Universe宇宙 @icycrystal @Aqa @GoodLife99 @b1uesky
  • koolgal
    2023-10-21
    koolgal

    🌟🌟🌟Brrr!  It's looks like it is going to be a cold dark winter for $Tesla Motors(TSLA)$  as its share price plummeted 15% in just 1 week.

    Tesla's earnings is reflective of its price cuts as operating income fell more than 50% from the previous year's quarter.  This is despite the 9% year over year revenue growth.

    However it is not all  doom and gloom with Tesla as it is about to launch its secret weapon, the much awaited arrival of Cybertruck in November.

    Tesla is the number 1 EV company in the world.  It has several projects in the pipeline including the Semi, the Roadster.

    Apart from that, Tesla's  subsidiary, Tesla Energy is a growing division that develops, builds, sells and install solar energy generation systems and battery energy storage products.  Then there is the Full Self Driving program too.   All these projects will increase Tesla's revenue in the future. 

    Wall Street are bullish on Tesla with a Buy rating, Target price of USD 254, an upside potential of 15%.

    This is a great time to buy Tesla shares in its wintry season to prepare for a sunny summer in the future.  

    @Tiger_chat  @TigerStars  

  • icycrystal
    2023-10-21
    icycrystal
    Tesla is going downhill but don't think it will bottom at the price like the episode of X saga (formally known as Twitter) that kinda bottom. however, does reach that kinda bottom, then... [OMG] [Gosh] nevertheless, I think the outlook is not looking too good. overall market isn't looking too good either... [What] [What] [What]
    • koolgal: 
      Tesla  is down the slippery slope but I believe it will recover in the long term.
  • nomadic_m
    2023-10-21
    nomadic_m
    as of 21 Oct 2023, it's fallen to $212. 15% in 3 days. at the rate it's plummeting, it'd reach sep 2022's $108 in another 1.5 weeks. so would probably buy in late Oct, or early Nov before the cybertruck becomes the next hype

    not technical analysis, but strategizing when to go on a shopping spree 🛒🛍️

  • BenjiFuji
    2023-10-22
    BenjiFuji
    Looks like it will dip further as expectations are not met. Might get chilly for tesla investors. Still studying it more. Might consider if it drops below $100 [Great]
  • Aqa
    2023-10-21
    Aqa
    It is dipping time for Tesla Motors ‘ share price and it is DCA time for Tesla’s investors. TSLA fell below expectations in its third-quarter automotive gross margins and reported an earnings shortfall, marking its "first bad miss in three years." It is definitely another cold winter for Tesla investors. It has broken the USD 240 support. With the wars going on, we are looking at $165 and $150, Thanks 🐯 friends @Shyon @GoodLife99 @icycrystal @Universe宇宙 @ZEROHERO
    • Universe宇宙: 
      [ShakeHands]
    • ZEROHERO: 
      Need to break below 199.8 before testing 176.4 (50% & 61.8% fib level) 😉
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