Tsla forming a double top.
Earnings, margins, deliveries and outlook will disappoint.
2 trading days left before Tesla loses tax credit for 3 and Y and has to cut prices even more.
BYD taking the EV crown away and winning the price war vs Tesla. Bringing the fight to Tesla in Europe and asia with Song.
Hyundai/Kia underpriced Tesla in the US with their award winning models. Hyundai outdoing Tesla with self driving. Hyundai rolling out production ready level 4 robotaxis in the US with partner Motional under wing.
Once Tesla loses tax credits for 3 and Y, the playing field is more level against Hyundai and others who already don't qualify for them. Fewer will opt for Tesla.
Tesla is in battery production HELLo. And that's contributing to cybertruck production delays and other woes and also megapack troubles.
Tesla is gonna drop hard in January. Could fall 30-40% in the next weeks and keep dropping through 2024.
$TSLA$ Bearish
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- HariSugi·2023-12-29An article full of biasness and not fact based.LikeReport