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TESLA : Buy or Bye?
@Shyon：
So far in 2024, Tesla $Tesla Motors(TSLA)$ stock has retreated about 30%, but has recently reclaimed its 10-week line and 50-day moving average. Musk and Tesla have been stepping up rhetoric about full self-driving and AI in recent weeks. That messaging was on full display during the company's first-quarter earnings call. Tesla and Elon Musk Outlook In a bid to revive his company's fortunes in China, Tesla chief executive officer Elon Musk made a surprise visit to Beijing in late April, receiving in-principle approval from government officials to deploy its driver-assistance system in the country. Rolling out the technology in China would dramatically increase its subscription revenues, as well as helping it differentiate its cars against an increasing number of competitive electric vehicles from local manufacturers. Jensen Huang Touts Tesla Nvidia $NVIDIA Corp(NVDA)$ Chief Executive Jensen Huang talked up Tesla's autonomous driving efforts on Wednesday, claiming the EV giant is "far ahead" on self-driving vehicles and that all cars will eventually have autonomous abilities. My losses in Tesla Tesla holdings Well, I am a late fan of Tesla where I joined as the company investors one year ago. Yes, I was being hit badly by the significant pullback of the stock especially in 2024. The 2x leverage of the $Direxion Daily TSLA Bull 1.5X Shares(TSLL)$ ETF is accelerating my losses. My initial cost is much higher but I manage to buy the dip and continue to add position when TSLL pullbacks towards 5 USD area, therefore pulling down my average cost. My personal views I continue to remain bullish on Tesla for its pioneer and innovative leader position in the EV sector. With all the great plans ahead like FSD, Robotaxi, cheaper model and also Jensen Huang's insight, I believe Tesla will gain investors confidence again once all these projects start to roll into market. A near term risk I could see is, in case Elon Musk's 56 billion compensation package is rejected, then it might cause Elon Musk to quit Tesla and will definitely pressure Tesla share price. Tesla to the moon Cybertruck on the moon! Are you a fan of Tesla? Come and share your insights on the company. Welcome to join! @TigerStars @MillionaireTiger @CaptainTiger @Tiger_comments @TigerGPT @Daily_Discussion
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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