Here are some recent developments related to Tesla (TSLA):
"Tesla Slashes Model Y Production in Shanghai, Data Shows": According to industry data and sources, Tesla has reduced the output of its Model Y electric car by a double-digit percentage at its Shanghai plant since March.
"What China's $10,000 EVs Mean for Ford, GM, and Tesla": The emergence of affordable electric vehicles (EVs) in China, priced around $10,000, could impact global automakers like Ford, GM, and Tesla.
"Nvidia Beats Apple and Tesla to Become the Largest Holding in Average Retail Portfolio": Nvidia has become the largest holding in the average retail investor's portfolio, surpassing popular stocks like Apple and Tesla. Nvidia's strong performance and growth in the AI sector have contributed to its popularity among retail investors.
"Elon Musk's SpaceX Weighs Plan to Sell Shares at $200 Billion Valuation": Elon Musk's SpaceX is reportedly considering selling existing shares at a valuation of approximately $200 billion. This move could provide additional funding for SpaceX's ambitious projects.
"Elon Musk Now Says He Opposes US Tariffs on Chinese EVs": Elon Musk recently expressed his opposition to US tariffs on Chinese electric vehicles (EVs), marking a change from his previous stance on trade barriers.
looking at the pnf charts of $Tesla Motors(TSLA)$ and $iShares Self-Driving EV and Tech ETF(IDRV)$ , both have retreated from the resistance zone. they are likely to find support at 162 and 29 respectively. the broad market did not rally after nvda's earnings beat. the market is spooked by fed official's remark of keeping rates high.
consumers are the biggest beneficiaries of the flood of ev in the market.
$US2Y(US2Y.BOND)$ spiked up to its resistance level.
do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.
merci beaucoup@TigerStars @TigerWire @Daily_Discussion @Asphen @koolgal
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