This data completely vaporised any hope of aggressive rate cuts later this month, causing the broader indexes to slide & dragging Tesla's spectacular pre launch rally down by 2% overnight.
The reality check is that while a USD 30,000 autonomous vehicle with zero manual overrides is a huge technical milestone, Tesla still needs to get regulatory approval from the National Highway Traffic Safety Administration or NHTSA.
When you combine regulatory gridlock with a macroeconomic interest rate scare, a high beta stock like Tesla leaves zero margin for error.
It is still very much early days for Cybercab. So it is best to tread with caution with Tesla.
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.
