$Tesla Motors(TSLA)$ Sell I'm still bearish on this counter. Elon might still talk up his company with his loyal followers. Mkt sentiment improving, tesla could move down but push up high again to squeeze out short. I'm would choose to skip this counter rather than to take risk during this reporting season. Once mkt sentiment turn, it's time to go short on this counter again. With US dollars going up, slower economy, thìs will definitely bite into their earning later. Elon had also used tesla to speculate on bitcoin which had made a substantial loss, now the twitter saga will force him to liquidate more tesla. The only plus is everyone is going green, so tesla will potentially benefit from the green subsidiaries given.
💰 Stocks to watch today?(26 Nov)
1. What news/movements are worth noting in the market today? Any stocks to watch?
2. What trading opportunities are there? Do you have any plans?
🎁 Make a post here, everyone stands a chance to win Tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments
As expected, Elon will try to talk up tesla. With share buyback, it will delay its plunge. Company is still not doing well, this buyback is a desperate move. Be prepared to see more downside