To The Moon

$Tesla Motors(TSLA)$ released its Q2 2023 earnings on Wed 19 Jul 2023 after US market closed. This was followed by a press conference to answer queries that analysts, wall street professionals may have. Reactions on the following 2 days - Thu, 20 Jul & Fri, 21 Jul best summed up Wall Street sentiments. They did not like all the negatives stemming from the clarifications session. Does this signal the beginning of another Tesla correction? Below are some possible catalysts that I think might spur decline: (1) Q3 2023 EV volume will be reduced. During Q2 earnings press conference, mr musk announced that in Q3 2023, the giga factories will shutdown for factory improvements. (see above). Meaning output and delivery will be affected. Coupled with continual heavy discounts on 2 models, not too difficult to figure out the impact to topline, bottom line & gross margins. (2) Cybertruck : Fail to launch. Neither mr musk nor his team was able to confirm the Cybertruck’s specifications when asked during press conference. Neither was anyone able to confirm when delivery will commence, against the order backlog. Whatmore, the initial production will be a sample only owing to the hundreds and thousands of parts to assemble. Do not think this is what cybertruck owners want to hear; after 3 years delay. (3) Tesla Full Self Driving (FSD). Tesla saw a spike in the usage of FSD Beta in the second quarter, with cumulative miles driven with the technology coming in at more than 300 million miles. At a glance, it looks “impressive”. But it’s just a piece of work-in-progress software. Tesla’s autonomous driving apps did not even make it into the Top 10 (see above). What is worse is that Tesla’s autonomous driving is costing innocent lives (see below, the latest murder). Mr musk has attempted to paint another rosy picture on top of the first FSD vision painted back in 2016, during the press conference. He said, Tesla is in preliminary discussions with a major manufacturer about licensing Tesla’s FSD and its payable. Really? Does wall street, investors and fans still believe Tesla’s old and tired story; that’s 7 years overdue. By 2026 it will be a decade old… LOL! (4) EVs To Be Recalled Physically Many reported Tesla recalls could be “fixed” with an over-the-air software update. The latest recall will be one of “real” physical recall; where the fix cannot be deployed with an over-the-air software update. Tesla will be recalling 15,869 EVs. They are recently produced between 2021-2023. The problematic EVs are Model S and Model X. As a result of this recall, analysts are linking the recall to Tesla’s stock price drop. Incoming Opinions: (1) Roth Capital Partners - Craig Irwin. First negative reaction arrived (see above). Mr Irwin is known to be a “Tesla bear”. (2) Ex IBD - David Ryan, 3 times US investing champion & ex-portfolio manager. Mr Ryan said “Tesla's strong run might be over based on Tesla’s daily chart. Tesla stock has made three big moves since June 21. Latest move, on 3 Jul 2023 took place in lighter volume. The pullback Thursday took place in higher-than-average volume. “Indicating the move might be over for a bit," Ryan said. How To Manage Tesla Shares - Sharing Two Options: For investors with Tesla shares, do you think you want to take profit first? Buy back again after Tesla shares have fallen to your ideal buy-in price? Or do you prefer to adopt a wait & see approach with no hurry to cash out? Do you think Tesla’s stock price will continue to consolidate this coming week? What do you think is your “ideal” but realistic buy-in price? Please give a “LIKe”, “Share” & “Re-post” after reading ok. Thanks. Rating is very important (to me). Consider “Follow me” to get firsthand read of my daily new posts? Thanks. @TigerPM @TigerStars @Tiger_SG @Daily_Discussion @TigerEvents