JIANG_LIM
09-13
$Tesla Motors(TSLA)$  

Tesla broke out above $367 earlier this month and has already run around $395. But fundamentals don’t match this rally:

• Global EV sales growth slowed to +15% YoY in August, weakest since early 2024.

• China EV sales up only +6%, Tesla’s China deliveries actually down ~10% YoY.

• U.S. market share fell to ~38%, lowest in 8 years.

• Forward P/E is stretched at ~140× 2026 earnings.

Yes, AI, robotaxi, and energy are the future story. But for now, the auto business is cooling fast. To me this looks more like a short-term pop than the start of a new run.

Short-term bearish~~~


Tesla Stock Continues to Rise
Tesla's stock price rose by more than 10% for two consecutive days, reaching $385, setting a new high since February 5. At the same time, Tesla's 2x long ETF rose 5.06% intraday, driven by the strong rise in Tesla's stock price.
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