$Tesla Motors(TSLA)$ From being up about 8-9% last night to now being in the red, this is clearly indicating the Elon army is running out of steam and people are opening to the real situation is now. April 2nd is just round the corner. This is when Tesla announces their Quarterly report. I think it is not going to be pretty. Slower sales, loss of market shares, lower margins, China mega factory cost now looking vwry unwise with BYD outselling Tesla now. Money off for me.
When Gold goes up, it usually means investors are taking table off equities. Risk averse sentiment is in play and the way Mag 7's and Quantum/Crupto stocks were sold off, this seems to confirm it.
HK Movers|HK Gold Stocks Rallied As Spot Gold Hits Record High At $3,072/Oz. Lingbao Up 7%, SD Gold And China Gold Up 3%.
Tesla downgraded again. HSBC reiterates Tesla Motors as reduce HSBC lowered its price target on the stock to $130 per share from $165 and says there are “no quick fixes.” “Tesla eschews many of the industry norms (holding list prices firm, making regular facelifts and model renewals) and has to date seen only minimal impact, but tougher competition and brand erosion is likely to see the impact of its strategy hurt more.”
$Tesla Motors(TSLA)$ From being up 7% at one point to now being almost flat, this is an indication of tired bulls running out of steam. Let's see what happens when Friday market opens.
$Tesla Motors(TSLA)$ Ark's credibility is not good. In a recent report, Ark have been called as the worst performing fund, being billions in the negative in the last year. $2,600 for TSLA? More likely it will fall below $200 by these next two months. My reason, wait till you see the coming quarterly financials. Sales already massively down in Europe, China and Australia. US sales not being reported by news reports are suggesting there is a massive boycott on anythinv related to Elon Musk.
$NVIDIA(NVDA)$ holy shit. NVDA crashing again. So much for AI saving the day. There is going to be more blood in the market today when it opens. Nasdaq and Trump's tariffs will drag everyone down to the Marianna Trench.
Power corrupts. Absolute power corrupts absolutely. Elon Musk is probably a heavy buyer of the Trump tokens...... So this is how they hold each other up.
Trump says auto tariffs could be net neutral for Tesla
$Tesla Motors(TSLA)$ This is interesting. Even after Donald Trump's statement about possibly exempting Tesla from the new tariffs, Tesla stock price is retreating after a brief spurt. Any support Donald Trump is giving is not helping now. In fact, it may be more detrimental. The anti-Trump/Musk movement have just gotten too strong to turn.
$NASDAQ(.IXIC)$ some serious issues are surfacing now. These valuation is just too out if the world. This coupled with the Trump's administration's dysfunctional actions taken by unqualified cronies is leading the US, and the rest of the world, into a DeepShit period. Get out now....
$Tesla Motors(TSLA)$ WASHINGTON - US President Donald Trump on March 26 announced plans for long-promised tariffs of up to 25 per cent on automotive imports, widening the global trade war he kicked off upon regaining the White House this year in a move auto industry experts expect will drive up prices and stymie production. This piece of news just received. Tesla will probably not be taxed in the US. But this will also mean that the countries that will be hit by this new car tariff will target Tesla as it us now synonymous with the Trump administration. This won't be net neutral. As it is, many Americans are boycotting Elon Musk. Now, much of the rest of the world will effectively ban Teska too.
It is a clear indication of how desperate Elon have gotten. Saudi Arabs do worry about gas guzzling cars. They have cheap fuel they ride on. Tesla will just be a novelty for a few there. There won't be volume.
Tesla to Launch in Saudi Arabia as Musk and the Kingdom Mend Relations
$Tesla Motors(TSLA)$ looking to Saudi Arabia as their cars are being boycotted everywhere else. But seriously? In a land where the people pay almost nothing for fossile fuel? How desperate is Elon Musk getting?
Yes, I agree. And have also been warning on this for a few weeks now. Last week's rally was probably the last burst before a full retreat. I will probably get lots of hate for saying this but the worst of the lot will be MSTR and TSLA. These are the two counters with the most down to fall.
Amazon Stock and the Mag 7 Are Falling Again. It’s Not Time to Buy
This confirms what I have said all along. Kathy Woods is way overrated. She was lucky only at the start of Covid 19 but her calls have all ben tanking. And she has just reiterated Tesla at $2,600? This is as loud a call as any to sell TSLA!
These are the 10 fund-management firms that lost the most money in the past decade. You'll never guess No. 1.