Tesla's stock (TSLA) has been impacted by tariffs and market competition. The question of whether TSLA can go above $330 with tariffs depends on several factors.
Key Challenges:
- Tariffs: The potential 54% tariff on imports from China could increase Tesla's vehicle costs by 5-10%, affecting its free cash flow.
- Competition: Tesla faces intense competition in the EV market, particularly from Chinese rivals like BYD and Li Auto. It's declining sales worldwide is worth factoring in as well.
- Brand Perception: Elon Musk's political associations are negatively impacting Tesla's brand perception, leading to sales declines in key markets.
With these in mind and summer's weakness, I don't think TSLA will go above $330 anytime soon. Even if it does, it will not last long above $330.
@icycrystal @nomadic_m @Barcode
Come comment for coins
Comments