$Tesla Motors(TSLA)$ Will bottom fish when Tesla hit below $100 and add a small quantity to my portfolio.
Telsa can only do well if they can build an ecosystem like Apple and Alphabet.
Some said Tesla strength is in its cutting edge technology and autonomous driving. The issue here is other car manufacturers including Apple n Google are researching. The point here is does Tesla has many patents over its so called cutting edge technology? If the answer is no, then the conclusion is quite clear.
Like I mentioned in my past posts, this industry is very competitive. The ICE car manufacturers wont be sitting ducks waiting to be slaughtered. They will muscled their way and compete with Tesla.
Not forgetting China is a Big EV car producers.
China EV is very competitive. If US and EU dont curb their expansion, they will gain significant market share.
The volatile price movement is more for punting cos it is range bound (if u dare). Break below 150 likely means price will trend lower.
Modify on 2024-03-16 11:55
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