To The Moon

$Tesla Motors(TSLA)$  Fundamentally nothing has changed except Trump’s first Tesla. If he had bought the dip, we can take it as a positive.

In fact, the escalation in tariffs with Canada, Mexico and China, and now EU, back and forth will only increase uncertainty for businesses.

Tesla is also battling it's own demons, Model 2 delayed launch, expected challenges with robotaxis launch and multiple law suits challenging the safety of it's Autopilot and FSD features.

In September 2022, a proposed class action federal lawsuit was filed against Tesla for Elon Musk allegedly misleading customers "who since 2016 bought or leased Tesla vehicles with Autopilot, Enhanced Autopilot and Full Self-Driving features" with his predictions that Teslas would soon be fully autonomous cars. Over 300,000 vehicles were recalled due to being unsafe around intersections. As of March 2024, the case is unresolved.

Add to the mix, the plummeting sales in key markets in China, EU with even US marred by incidents due to his DOGE initiatives. 

With the expected layoff of thousands of government employees, some who maybe Tesla owners will further drive a wedge into Tesla sales in the coming months. 

We have yet to add Atlanta Fednow's gloomy prediction of - 2.8% growth, there isn't much to cheer about.

Tesla bulls will continue to push the bullish narrative, until we see some positives, the potential of Tesla revisiting it's recent low and below remains high.