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Signs Of Exhaustion For TSLA 😮💨
@ZEROHERO:$Tesla Motors(TSLA)$ BearishShares of Tesla Inc. fell into correction territory last Friday, and their chart suggests the selloffs are likely to continue for awhile longer. ⚠️ Trading tips: Looking at puts below 254 towards 251.5, 250, 247 and calls above 257.5 on Monday. Flat price action leading to FOMC on Wednesday expected. Not pretty for TSLA bulls Tesla’s stock has been on a downward trend since last Wednesday, even after the company reported better-than-expected earnings and revenue for the second quarter and maintained its delivery guidance. Analysts highlighted the role of “other income” in boosting the results, while some expressed unease over the lack of clarity on the company’s margin trajectory. CEO Elon Musk‘s remarks hinting at possible future price cuts further dampened investor sentiment. UBS downgraded Tesla from Buy to Neutral on Monday, although they raised the price target from $220 to $270. In another development, Musk’s social media platform Twitter rebranded as “X,” drawing skepticism from analysts about its potential impact on advertisers. Economic news this week Amid the uncertainties surrounding margins, the stock might remain rangebound, but the anticipation surrounding Tesla’s Cybertruck could offer some support against potential downside risks. Upcoming earnings this week Please click Like 👍, Comment 💬 & Repost 🔄 this article found at the bottom of your screen. Follow me for the latest news, trading ideas & strategies to ride the market daily with profits! 🤑 @CaptainTiger @MillionaireTiger @Daily_Discussion @KylerLee @Andreana @koolgal @Aqa
Signs Of Exhaustion For TSLA 😮💨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.