Tesla closed below $170, the lowest since November 2020. Tesla’s shares have lost nearly half of their value in less than two months
What do you think of Musk reducing holdings in Tesla?
Will you buy the dip or short Tesla?
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$Tesla Motors(TSLA)$ one more round of major correction. Macro sentiment is not going to spare any stocks from plunge. Nothing is cheap, it can be cheaper. Look at the valuation is crucial. Fundamental is important. Musk as CEO is also a major factor. If he leaves tesla, it will plunge even it is profitable company. If one think it is cheap, DCA might be a more defensive approach to invest into it.
$NIO Inc.(NIO)$ Globally, $Tesla Motors(TSLA)$ leads all others, selling 936,000 units in 2021 (giving the company a market share of ~14%). Close behind was the Volkswagen Group (11%), BYD (9%), GM (7.6%) etc. Although China has the biggest market for EVs at 34%, you can see that most of the China's EV companies are not making significant progress in their car deliveries. Taking Nio as an example, since hitting the peak of 12.9k car deliveries in Jun 2022, the number has been decreasing and mostly remained stagnant at around 10k. For Q3 22, Nio delivered Jul22 - 10,052 cars Aug22 - 10,677 cars Sep22 - 10,878 cars Although it's the best quarter in terms of car deliveries so far, one should note that it's clearly a huge challenge to scale up the car deliveries exponentially. More new factories are needed to scale up the production. Furthermore, the competition in the EV market has intensified as numerous traditiona