To The Moon

2024 is definitely a disappointing year for Tesla and its shareholders! It is undoubtedly the worst performing stock among the 7 BIG magnificent. For the past few years, Tesla has become one of the most talked about companies in the world. From its electric vehicles to its battery technology, it's no surprise that many investors are interested in Tesla stock. But with so much hype surrounding the company, is now a good time to buy Tesla stock? Let's look in this article on what would affect Tesla's share price. Tesla Tesla starts to face fierce competition from Chinese EV makers especially BYD. BYD is one of the leading electric car manufacturers in China and is a major competitor for Tesla. The company offers several models, including the Qin, the Tang and the Song. All of these cars have impressive range numbers and powerful battery packs, making them viable options for those looking for an alternative to Tesla's vehicles. Next, since Elon Musk took over, Twitter has seen a surge in usage and popularity. Unfortunately, the increased presence of high profile figures on Twitter has also had some negative effects on Tesla. Many of Elon Musk's posts have been criticized for going against company policy or being unprofessional. This has caused reputational damage to the company. Not to forget, Tesla is heavily reliant on government subsidies and incentives, which could be reduced or withdrawn in the future. Tesla Another risk is Tesla's sales are highly dependent on the continued success of its flagship Model S sedan, which could face increased competition from other luxury automakers. As we know, the company is betting heavily on FSD which will be the birth of the autonomous vehicle evolution and is designed to automate Tesla vehicles so they can operate without a driver behind the wheel. Tesla's FSD is at Level 3 automation (conditional driving automation), which means a driver should be engaged at all time. However, once FSD can navigate autonomously, it will not only boost Tesla's profit margins, it will be a profit center of recurring revenues for $Tesla Motors(TSLA)$ through the company's ambition for Robotaxis. Tesla Without doubt, the share price of Tesla remains weak for the moment, but I believe the company is preparing and in shape of rebound, probably in the year of 2025. The incoming 1-2 quarters' earnings will be very critical as well! 150 USD might be a bottom for Tesla if the incoming earnings call is positive, else it might plunge towards another major support at 120 USD. How do you think about Tesla? Come and share your opinions with us below. @Daily_Discussion @TigerStars @MillionaireTiger @CaptainTiger @TigerGPT @TigerGPT_AU @Tiger_comments @TigerPicks @TigerClub