TSLA: Still A Long Way TO Go!

sadsam
2023-10-23

$Tesla Motors(TSLA)$ could be a good pick for day trading long or short over the next weeks/months.

Long term I still see it as being overvalued. The gamble long is assuming Optimus will cause a future increase, however anyone watching Tesla is already including the possible increase in company value should Optimus ever be a thing.

As an automotive company, Tesla is surely overvalued.

$Toyota(TM)$ close to massively produce solid-state batteries (not good for TSLA)

Toyota Motor Corporation would be close to reaching capacity to produce solid-state batteries for electric vehicles at the same pace as already existing lithium-ion batteries, Financial Times reported on Monday quoting a company's engineer.

Should the technological development take place, Toyota could massively produce these batteries by2027 or 2028, decreasing the charging period to 10 minutes and increasing electric cars' range to 1,200 kilometers.

Therefore, TSLA is now a car company.

TSLA does not possess any higher level of technology than any other car company. TSLA will now trade like a car company. $207 is the next level of support. If that gets blown it’s $100 pretty quickly. Can’t happen? Happened a year ago while earnings and outlook were far better.

# Will Tesla head to $200 after it missed earnings?

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  • Cheers2024
    ·2023-10-24
    Tesla price adjustment is nothing to be worried about. It was anticipated as a cyclical trend. That is the reason it is much love by retail investors.
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  • Prosper Capital Holdings
    ·2023-10-23
    What nonsense, please do a bit more research.. by calling tesla a car company you clearly havent done any in depth research
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