Wanna start with overall picture of Tesla as I am a beginner in technical analysis and do not fully rely on this method.
For a few weeks Tesla has been a gable game. There are good news it goes up. There are bad news it goes up. There are fake news it goes up. There is no news it goes down.
Today is another bad news. And as for me it is crucial for Tesla life. As a new company almost 100% of price is affected by high expectation. And the company faces another wave of trade war. It makes impact on most of the companies indeed. But this companies have had long-term relationship with China and almost played out money that were invested in China's production plants. However, Tesla did not because its first car produced in China was delivered on December 2019. A few month ago and just 2 month before the fall.
It has brought many uncertainty about future of Mask company. On the one hand, Tesla is leading enterprise in electric car industry and undoubtedly gonna be remembered as a pioneer and benchmark of 2015-2020 at least. On there other hand, there is Geely in China, VW in Europe. So without spreading (it has to be growing to maintain and push the price higher) globalisation opportunities and growing 3rd country wealth the company is played out. Btw, JPMorgan today announced that it takes money out of 3rd world economies. Not saying about White House plan to take away pension
As for me booming buzz about Tesla is going to the end. It is gonna repeat the story of Netflix 2018 rally. But it takes hard hit as there is huge uncertainty in the market.
The stock already has gone to 350. But I believe it was just a cascade effect.
For a few weeks Tesla has been a gable game. There are good news it goes up. There are bad news it goes up. There are fake news it goes up. There is no news it goes down.
Today is another bad news. And as for me it is crucial for Tesla life. As a new company almost 100% of price is affected by high expectation. And the company faces another wave of trade war. It makes impact on most of the companies indeed. But this companies have had long-term relationship with China and almost played out money that were invested in China's production plants. However, Tesla did not because its first car produced in China was delivered on December 2019. A few month ago and just 2 month before the fall.
It has brought many uncertainty about future of Mask company. On the one hand, Tesla is leading enterprise in electric car industry and undoubtedly gonna be remembered as a pioneer and benchmark of 2015-2020 at least. On there other hand, there is Geely in China, VW in Europe. So without spreading (it has to be growing to maintain and push the price higher) globalisation opportunities and growing 3rd country wealth the company is played out. Btw, JPMorgan today announced that it takes money out of 3rd world economies. Not saying about White House plan to take away pension
As for me booming buzz about Tesla is going to the end. It is gonna repeat the story of Netflix 2018 rally. But it takes hard hit as there is huge uncertainty in the market.
The stock already has gone to 350. But I believe it was just a cascade effect.