Tesla makes one of the biggest daily drop in it's history today. And at the moment there seems to be some bounce.
But I think it is only a temporary bounce created by day traders who have shorted the stock.
I am staying with my price target of $170 as the real base. This is because a month ago, this was where Tesla begun the FOMO indused run created by Elon Musk talking about Robotaxi and 8/8 first view.
Now that robotaxi has been delayed to October, should Tesla not go back to the starting point? Especially after this dismay quarterly result?
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Going straight to $170 before we see any bounces. I also said we would go straight to $260 back when we broke $220 3 weeks ago.
I personally think Google (waymo) is ahead of Tesla on the robo taxi.... I don't see Tesla with functional robo taxi for at least another 2 years... Tesla will see $150 before anywhere near $400
All the stories have been told. And are looking increasingly wishful.
The latest negative news being FSD has been blamed for the death of a motorcycle rider.
How are Tesla expecting FSD or Robotcars to be allowed in these next few years? Perhaps not even this decade of at all.
Honestly Musk holds Tesla back, at this point 😒
I just don’t trust this sell off, I think it’s back to 250 by mid August
Buy under 200 sell over 300, easy peasy
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