TSLA Tesla to drop to new lows based on technical and fundaments
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Elon Musk has sold $30 Billion worth of Tesla. The stock is down over 43%, from $1243 high to $695. Tesla's chart has been downtrend and will test previous lows of $620 and break this $580 then $472 stock. Just look at all technical indicators from 200, 50-day moving averages: lower highs and higher lows. So, I don't understand all these LONG bullish post-reading technicals on Tesla as buying!
You can beat any chart or numbers into any form! The :-) trend is DOWN! Stay with it!
Do you know how many shares Tesla insiders and entire executives bought in the last 12 months?! I did the research, and here are the numbers: BIG ZERO!! YES, ZERO Shares among these executives with millions and billions in compensations and nonstop selling at any price!
Watch what Elon Musk does, NOT what he says! Look at insider sales for the past 12 months at any price over $30 Billion!!
Bill Gate and Smart money is shorting the Tesla bubble! I stopped at the Tesla store to get insights on top model-Y shipping status. If one order today arrives next year in June 2023!! You can see it on. their website order delivery! Yaak! Major delays that damage earning and units ship. The salesman said because of the CHIP shortages! Ohh, No! they have supply chain issues! Elon let go 10% of the workforce! Because of less future demand (recession) and major production supply chain issues. Demand is going AWAY thanks to recession/stagflation. Europe is at War, and Museum totally messed up to buy new cars for $70,000++ . China is Jail with much cheaper local EV cars. Japan is a
retirement home with no need for new cars. US demand is down because everyone bought their cars,MAC, iPhone during the pandemic for social distancing! Look at Apple/MSFT demand and forecast. Much less demand in 2022-2023 for new/used cars sees Carvana stock drop by 80%.
Musk had an immense BAD feeling about the "economy," a ten percent layoff, and sold tons of $30 Billion shares to convert to other better value assets (Twitter)! Today Elon mentioned a very tough quarter, primarily due to supply chain and production challenges in China, so we need to rally hard to recover!" he reportedly told Tesla staff. Onward to victory, pump the stock again with a stock split which has "no real" impact except for CNBC/retail pump and dump.
Worst quarter it compared to the previous quarter ever from horses' mouth!
EV cars with multiple competitors from ID4, Audi Q4, VW, Rivian, Chevy Bolt EV, BYD, and others. Tesla is NOT in the top five EV cars in Europe. Europe's favorite Electric cars at lower prices than model-Y ($65,000) are Volkswagen ID3, VW ID4, Renault Zoe, BMW i4, and Kia ev6.
Many EV cars are hitting the market now and in the future. Tesla is not competitive in China compared to the above Chinese EV car brands at $20,000-$35,000 less! Valuations and multiples should shrink to a car company at most two times Toyota that sell 10Million cars vs. 1M for Tesla!!
The opportunity of a lifetime to sell short when retail buys because of stock splits/ no real impact and Elon's positive email to employees after a significant layoff!:-)
My Tesla target is $472 (62% Fib retracement from high). Elon is mainly selling and pumping garbage Dog-Coins to the public now :-). Pumping for the stock split will not affect only to get retail dump money in before another leg down to the 400s range. I drive and like my tesla car and have tesla solar panels/battery (which solar city is still not profitable thanks to competition).
Make your own decisions and do your homework! I am not responsible for your loss or profit. My 2cents #Tesla #Tsla to #Drop
交易進行
There is 1.5billion worth of bitcoin bought in 2021 at 34K, down over 30%. So, this Q2 earning should get hot not only by supply chain issues, Shanghai/China closure, and balance sheet hit. Time to add DogCoin to the balance sheet now:-)