I know i know, the gigafactory is almost completed, bringing with it HUGE incentive to be long here.
However, with the current downturn in the global economy i can see tsla yet again failing to meet targets on demand and for multiple "quality control" issues to slow up production.
Sure, you could say but the chinese market and you'd be correct. However, the rmb is used is used in approx 9/10ths of 1% of global trade so changing those RMB for USD will be vital for TSLA's growth moving forward (and thats even if the ccp allows TSLA to move the money)...
In global markets trust is a must.
The above combined with increasing global tensions, increased competition from within the industry and input from what the TA is telling me has me set for a short position here.
It may look like a long shot but our risk is minimal.
If you feel different then would like to hear what you have to say.
Good luck everyone and may all your trades be winners...
Comment
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Sorry guys but failed to mention a 3rd target in this trade, so targets will be follows:
Sorry, man but you really shouldn't short a company that's got a visionary like Elon Musk behind it. There's plenty of other crap out there to try and make money off of.
acl123
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@jesdo1977, lol where were you before the earnings report ;-)
In_the_future
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@acl123, Haha.. Sorry, man. Honestly, the financials blew me away as well. I thought they might be positive but had no clue they'd crush it.
samba4me85
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What's your timeframe for these targets, and thank you
acl123
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@samba4me85, Thanks for your question. IF our targets hit then the timeframe for target 1 will be approx 1 month and target 2 around the end of the year..
Thanks and good luck