To The Moon

Tesla shares declined around 5% to close at $197.36 on Monday.

$Tesla Motors(TSLA)$ short sellers have made more than $3 billion since the company’s third-quarter earnings call, according to data from Ortex.

Will you bottom Tesla below $200? What's your target price? $180, $165 or lower?

Below are some insights from Tiger @Ah_Meng, @OGM and @JC888. Which opinions do you agree with？

🎁Special Notes: Whoever showed up on the” What the Tigers Say” column will receive 100 Tiger Coins and an exclusive interview invitation to honor your contribution.

Click titles to read the full analysis:

1. @Ah_Meng: Tesla Technical Analysis: Chart-Based Insights and Forecasts

Key Points:

• I drew two horizontal lines in the charts below, one light green (201), the other pink (162). 201, or support was broken easily. 162 is the other clear support line. There is one other weak support line around 187. If 162 is broken (which I don't so in near term - 187 is more likely), I don't see any other clear support until all the way to closer to 110.

  

• Like I mentioned earlier, I think the pink line will hold in the short term. Tesla should probably test 187 and bounce back towards 201. However, from the middle term point of view, I won't bet on Tesla to hold these ranges.

• I will just sit and watch the drama unfold... It may be a matter of one or two quarters. It might be close to a year to see the break of 162. If it indeed comes that time, panic will set in and the obviousness of the death cross will be clear for all to see...

2. @OGM: Why do people not believe Elon?

Key Points:

• When he said don't buy anything for the next 18 months, while he was actively selling his Tesla shares, why not believe him?

• Read them, especially the most recent, and you'll see that the company has no interest in what it's share price does, in share price movement, or ever paying a dividend. In previous plans the focus was on disrupting the global ICE car markets. They'll continue reducing prices to force other manufacturers to do the same, to force price parity with similar sizes ICE vehicles. It's not about sales for Tesla, it's about using EV competitors to disrupt an industry.

• Tesla is a terrible speculative investment. I've still got buy orders open around $69 because I see a drop that low as realistic. I also still hold my shares because I believe in what they're doing and am proud to be a part of that.

3. @JC888: Tesla, one bad news after another. Sell now? Buy later?

Key Points:

• Tesla’s RSI reading of 30, is derived based on its prices averaged-out overtime, based on stock price determined by market forces.

• It does not reflect the “real” value of a company.

• Looking at the above, it is “safe to assume” that Tesla is in a downwards trending momentum.

• That has gathered pace since Q3 2023 results were released.

• With 10 years Treasury yields still hovering around 5.0%, US market remains sensitive & volatile.

• Suffice to say if Tesla does not come out to defend itself with regards to its long overdue full self driving (FSD), negative sentiments might just linger a wee longer.

• Despite the recent market turbulence, if a comparison of Tesla’s and $S&P 500(.SPX)$ is carried out, it could be seen that Tesla’s performance fared worse than the S&P 500 composite index.

Questions for you:

Will you bottom Tesla below $200? What's your target price? $180, $165 or lower?

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⏰Duration

• 8 Nov (24pm EDT)