TSLA Breaks Downtrend, China Sales Lag: Price Cuts Next?
$Tesla Motors(TSLA)$ just broke out of its 2+ years downtrend channel following better-than-expected 2Q deliveries that grew 14.8% sequentially but still down 4.8% annually.
The problem is China sales for the company are down 24.2% in June on an annual basis, while the company tries to revive demand with 0% loans.
More price cuts in store? Would be good to wait for a confirmation of this BO.
Image
https://x.com/BrianTycangco/status/1808352343827927477
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.
Post