22 April 2024: Why Tesla fall is not over yet?

Hopehope赋予希望

Why do I say that Tesla fall is not over yet?

Though Elon Musk has been highlighting the storyline concerning robot taxis as the next mobility growth narrative, the market for the time being is not buying this yet.

What the market is seeing is the plunging sales number in China and possibly Europe as well as declining purchase in USA as demand in US moves partly to hybrid vehicles.

What's more is Chinese EVs are really good. Companies like Xiaomi with their Xiaomi SU7 is drawing large number of buyers. What's more Lei Jun is going to announce the non refundable deposit purchase number of Su7 on 25 April.

This will be another highlight which will defeat Tesla.

I expect that without concrete demonstration of robot taxis' use case and monetisation value, Tesla's plunge is not going to be over yet.

A share price of around 120 USD and below may not be impossible.

Until then, it's good for me to stay out of Tesla and I continue to load more Xiaomi (01810HK).

As always, this should not be construed as any investment or trading advice.

$Tesla Motors(TSLA)$ $XIAOMI-W(01810)$ $Apple(AAPL)$ $NIO Inc.(NIO)$ $Li Auto(LI)$

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Companies like Xiaomi with their Xiaomi SU7 is drawing large number of buyers. What's more Lei Jun is going to announce the non refundable deposit purchase number of Su7 on 25 April.</p>\n<p><br></p>\n<p>This will be another highlight which will defeat Tesla.</p>\n<p><br></p>\n<p>I expect that without concrete demonstration of robot taxis' use case and monetisation value, Tesla's plunge is not going to be over yet.</p>\n<p><br></p>\n<p>A share price of around 120 USD and below may not be impossible.</p>\n<p><br></p>\n<p>Until then, it's good for me to stay out of Tesla and I continue to load more Xiaomi (01810HK).</p>\n<p><br></p>\n<p>As always, this should not be construed as any investment or trading advice.</p>\n<p><br></p>\n<p><a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/LI\">$Li Auto(LI)$&nbsp;</a>&nbsp;</p></body></html>","text":"Why do I say that Tesla fall is not over yet? 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