MHh
04-03
I think Cathie is trading the stock. She believes in Tesla but have previously sold it to take profit. So I believe she is bottom fishing now and will sell later to lock in the profits. I will not bottom Tesla as it has lost its competitive edge. There are many EV companies especially in China and i dont think Tesla can beat these companies in getting the lion share in a big market like China. Even BYD is pessimistic about the next quarter. There should still be room for Tesla share price to fall.
At What Price Would You Bottom Tesla?
Tesla lost 5% yesterday. It delivered 386,810 vehicles in Q1 against the estimated 449,080, according to Bloomberg consensus. Cathie Wood's ARK adds more Tesla stock. -------------- At what price will you bottom Tesla? Will you buy Tesla at $150 or lower?
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