Kaixiang
2023-02-20
It is important that one’s judgment not get clouded by $Tesla Motors(TSLA)$’s massive rally. While Tesla is not entirely related to EVs, one must be cognisant that the competition in the EV industry is intensifying.


The recent price cuts is a testament that Tesla recognises it may no longer be able to sustain the premium amidst the competition. Let’s not forget that BYD has even dethroned Tesla as the no. 1 EV seller in China.


Tesla has reached a key resistance level, and with the enormous recent rally, we might see Tesla entering a consolidation stage in the coming weeks. The recent hawkish Fed comments post inflation data might spark concerns about higher interest rate which will impact growth stocks such as Tesla.


Don’t FOMO, my Tiger friends! Let’s stay calm, look for good bargains and huat together! [Grin]

@Tiger_comments：Natixis - $100 bln Profit in Tesla Turned out to be a Mistake
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Comments

  • HarryCox
    2023-02-20
    HarryCox
    I read the news recently BYD has become the best EV seller in China?
  • JohnnyYoung
    2023-02-20
    JohnnyYoung
    I think you are super correct. TSLA is more than a EV company. You invest it because of the company.
    • JohnnyYoungReplyKaixiang: 
      Yeah of course but much better than the other ones. It represent the new industry.
    • Kaixiang: 
      But EVs (incl. the regulatory credits) still account for almost 90% of its revenue [LOL]
  • BillyWilliams
    2023-02-20
    BillyWilliams
    If I can only choose one EV, I will choose Tesla. If I can only chooese one EV stock, I will choose TSLA.
  • BruceBryant
    2023-02-20
    BruceBryant
    I think TSLA is a good company. More than an EV company. Also good for high tech.
  • Kaixiang
    2023-02-20
    Kaixiang
    @TigerStars ‌‌@CaptainTiger ‌‌@Tiger_chat ‌‌@MillionaireTiger ‌‌@TigerEvents ‌ : [Happy]
  • slien23
    2023-02-20
    slien23
    [Cool]
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