$Tesla Motors(TSLA)$ something interesting is happening right now with Tesla. In the last few seconds it's share price has plunged down aby a dollar after hitting a one month high of $322.
Tesla share values have long been based on hopes and promises. How it's shares will react later this month will again on the story Elon Musk will be telling.
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J P Morgan adding on to their negative call on Tesla. This time, going as far as to specify a short on that shares even. They are either very brave and foolish, or very certain a big sell-down is going to happen. And soon.
Tesla sell down has only begun. So far, his army of fan boys have been admirably keeing the shareprice from falling further. But this may change soon as they see other Tech stocks continue to hit rocket high. Nvidia is now worth 4 trillion $. Leading yhe charge for the Mag 7. The only one left out in the cold is Tesla. Ask yourself why.
This is an obvious and clear demonstration of how distracted Elon and the members of the board are. They are not putting shareholder's interest at the front as they should be.
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Yes but this is not telling the full story. At one point of the day it was up 3.7% but came crashing down to just 1% after Musk again insinuated that Trump is in the Epstein files. And we are waiting to see what Trump is going to do. Trump has been focusing on the new set of tariff letters as well as receiving Nethanyahu's adoration in the White House. When all these are out if the way, we can be sure he will go after Musk. Trump's MO is to make sure he is louder than anyone else. He cannot afford to let anyone get away after being hit less more people will challenge his lies and half-truths. We can be sure he will be hitting Musk with a a big gun soon.
Tesla Shares up 1.7% After Falling 6.8% in the Previous Session
$Tesla Motors(TSLA)$ Elon Musk is his own worst enemy and he will drag Tesla down spectacularly. Tesla was doing a very nice recovery, hitting a high of $304, until he brought up the Epstein files again. So what happened to the contrite Elon who two weeks ago said he may have gone too far? Well he must be feeling he did not go far enough. Good for you Elon. Except don't drag your loyal Tesla bulls down with you. You may be able to afford throwing $250 million away in helping Trump win the election. But most of your Tesla shareholders Don't have that kind of cash to burn.
Putting it like this, it does seem there are more negatives than positives. And the slant would be to stay clear of Tesla until better signs can be seen.
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Don't be fooled by the post-market actions of Tesla shares. Post market is low volume. What is more important is what will be the response from Donald Trump. I believe Turmp's first cmments were mutated because he was focused on signing off the new tariff letters. Now that this is out of the way, I think he will be focused on putting Elon Musk out of his misery. Trump will go full guns on Elon Musk. He cannot afford to have Musk succeed on his 3rd party. Especially with mid-term primaries coming up for Congress election.
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Never thought I see the day Dan Ives cry wolf on Tesla. And listening to CNBC now, all the comments are negative. On Robotaxi, on market share, and on Elon's ego flying him too close to the sun. Tesla is short target number one today.
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