A technical take on the TSLA. IMO, This breakout isn't one to chase. Risk management would be highly prudent here for longs (sell some, take free rides).
With market share declining in Europe and China due to competition, in a normal world TSLA would collapse on its ridiculous fundamentals. But this isn't a normal world, it's a stock pumping video game.
And the top players (professional money) aren't dumb. They pulled off one of the greatest single stock bubbles of all time. They know the fundamentals too. They will exit, and the recent SPX inclusion represents the perfect opportunity to offload onto passive money, and move onto the next grand pump of which there are plenty of possible names.
No position.
With market share declining in Europe and China due to competition, in a normal world TSLA would collapse on its ridiculous fundamentals. But this isn't a normal world, it's a stock pumping video game.
And the top players (professional money) aren't dumb. They pulled off one of the greatest single stock bubbles of all time. They know the fundamentals too. They will exit, and the recent SPX inclusion represents the perfect opportunity to offload onto passive money, and move onto the next grand pump of which there are plenty of possible names.
No position.
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