Musk heavily discounted both model 3 and model Y in December. January thru mid 2024, Model 3 sales will dramatically drop until Musk gets a North American battery to regain the 7500 incentive. Model Y will do fine because it retains incentive. Further, there are headwinds. BYD, control arm defect potential recall, Cybertruck losses and production hell are distracting, TSLA needs new model 3 refresh out asap in Q1 hopefully, and model Y refresh at the latest, Q2 or Q3. 2024 is the year TSLA stock likely retests 100 to 140 for sure.
The control arm failure reminds me of BMW metal failure bcz the metal was wrong for the stiff suspension. TSLA's habit of blaming drivers for TSLA issues to avoid warranty coverage, if true, is a huge problem, if true.
$TSLA$ Bearish
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