🎁What the Tigers Say | Is $150 the Bottom of Tesla?
During Tuesday's trading session, TSLA plunged 2.71% to close at $157.11. $Tesla Motors(TSLA)$ has declined by over 11% from its recent 5 trading days, where is the bottom?
Is $Tesla Motors(TSLA)$ hitting the bottom?
Or will continue to dip?
Below are some insights from Tigers @EV_Dig , @OptionsDelta and @Guavaxf30 . 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. @EV_Dig: If it falls below 160, it could lead to further declines.
Key Points:
The main reasons behind this slide are hitting a growth plateau, increased competition, and a slowdown in demand.
The company's delivery numbers for the first quarter didn't meet expectations, with a total of 368,810 vehicles delivered, which is an 8.5% drop year-over-year and a 20% decrease quarter-over-quarter. Production also slowed down, which isn't helping matters.
In Europe, there are concerns about the plans for more affordable electric vehicles, and in China, the competition is getting hotter with players like $BYD Co., Ltd.(BYDDY)$ and $XIAOMI-W(01810)$ pushing into the market. Xiaomi's entry, in particular, is seen as a threat to Tesla's position in China, offering a cheaper alternative to the Model 3.
2. @OptionsDelta: I'm sticking to my view that it doesn't break 150 next week.
Key Points:
For $Tesla Motors(TSLA)$ , I'm sticking to my view that it doesn't break 150 next week. If it does this week, then selling puts could make sense. But looking beyond next week, Tesla doesn't appear to be a big money favorite for strength this year.
3. @Guavaxf30 : Tesla has broken the $164 support. Next defense is $150.
Key Points:
Cheap Tesla shelved, and, Robotaxi Is too far away to monitise and will likely end up like Cybertruck - failure. Tesla stock price resumed the downward slide.
Tesla has broken the $164 support. Next defense is $150. But I think that will easily be breached once the current Tesla defenders from yesterday also run out of steam.
Questions for you:
Is TSLA getting out of the woods?
Or will continue to dip?
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⏰Duration
17 Apr (24pm EDT)
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the charismatic one needs to do something quick... otherwise, the stock looks like it's trending on quick sand... [OMG] [OMG] [OMG]
@LMSunshine @GoodLife99 @TigerGPT @Shyon @HelenJanet @rL @koolgal @Aqa @DiAngel @Universe宇宙
Is TSLA getting out of the woods?
Or will continue to dip?
All valid comments on the following post will receive 5 Tiger Coins.