To The Moon

There is an English idiom that says… “When it rains, it pours”. I feel this describes what is transpiring at $Tesla Motors(TSLA)$ after it: Reported Q4 2023 profit & revenue miss. Provided a downbeat 2024 outlook on Wed, 24 Jan 2024 during earnings’ conference. Despite a +20% increase in vehicle volume, Q4 revenue grew by +1% only. This clearly indicates price cuts are not boosting revenue significantly. Tesla stock price is all over the place: On Thu, 25 Jan 2024 when trading resumed, it fell by -12.13%, marking the 4th straight quarter Tesla has suffered sharp one-day post-earnings-report selloffs. The chart illustrates: The performance of Tesla's stock (blue line) compared to the S&P 500 index (red line), over the past 7 days, fol

Alibaba has faced substantial challenges in recent years, with the impact of Covid-19 wreaking havoc on its stock. The price plummeted over 70% from its late-2020 peak to the beginning of 2023, and despite expectations for a recovery in the past year, Alibaba's stock continued to decline, shedding over a quarter of its value in the last 12 months.As we enter 2024, Chinese stocks, including Alibaba, remain volatile amid concerns about the economy. Investors are anxiously awaiting effective government stimulus to counter the ongoing uncertainties. The upcoming quarterly earnings report from Alibaba could provide valuable insights, particularly from its core e-commerce business, offering signals about broader consumption trends.BABA Weekly ChartTurning our attention to the weekly chart, Aliba