Carrotski
2022-12-03

One trade that I took lately was on $Tesla Motors(TSLA)$ 

Just looking at Tesla itself, on the company's long term fundamentals and it's leadership, I feel the company's leader is widely diversified, though its founder is a great visionary. Tesla motors listing is meant for the stand-alone entity, however many people that I hear from seems to be unable to split the relationship apart. There is correlation, however not direct influence. 

That apart, why did I buy it? It was pure technical analysis related. Charts below illustrates that $Tesla Motors(TSLA)$ was testing its 200 week moving average, this came as a potential short rebound for the stock. The change in the interest stance by the Fed did provided some help to boost this rebound. 

In my opinion, and how I view Tesla in the longterm, I deem Tesla as a meme stock. Seen founding engineers leave the entity, even though money can get talents to work for you, through Twitter's wave of news on how Elon manages governance, I feel, people who can overdrivefor the company will be greatly reduced. whenthis happen, the company will look less like a growth stock. it will likely be something like defending its legacy rather than growing further. Yes the entity will continue to take risk, however, will people stake their best time for you similar to your founding days. 

Few weeks from now, will be out from the position. A small punt for now. Options flow as ofnow, not encouraging my stake on the counterfor too long. 

Thanks and good luck everyone with your investing.

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Comments

  • pixiezz
    2022-12-04
    pixiezz
    BYD is a lock and so is Tesla, the rest will battle insolvency during transition and most will fail
  • wigglyz
    2022-12-04
    wigglyz
    Lower lows lower highs on weekly chart, not a good sign. huge competition in EV space.
  • cheerzy
    2022-12-04
    cheerzy
    Tesla is the new TASR. The hype is gone. It is a car company. Lol.
  • ElvisMarner
    2022-12-06
    ElvisMarner
    The 200EMA is really critical for TSLA's future performance.
  • HilaryWilde
    2022-12-06
    HilaryWilde
    TSLA is trading at a very low valuation, and it's a good buy.
  • EvanHolt
    2022-12-06
    EvanHolt
    In my opinion, TSLA is not worth our investment at all.
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