TSLA Breaks Downtrend, China Sales Lag: Price Cuts Next?

BrianTycangco鄭彥渊
07-04

$Tesla Motors(TSLA)$ just broke out of its 2+ years downtrend channel following better-than-expected 2Q deliveries that grew 14.8% sequentially but still down 4.8% annually.

The problem is China sales for the company are down 24.2% in June on an annual basis, while the company tries to revive demand with 0% loans.

More price cuts in store? Would be good to wait for a confirmation of this BO.

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https://x.com/BrianTycangco/status/1808352343827927477

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Comments

  • BGB
    07-05
    BGB

    Post

  • SplashClub7
    07-05
    SplashClub7
    Great article, would you like to share it?
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