TSLA:NASDAQ - TESLA INC - Are we going to see a bounce :)

It has been good to see Tesla have a much needed pullback, but I think there is more upside to come.

Looking at the chart it looks like it might be finding support at the bottom of its normal volatility range so in theory a good place to buy if it starts to recover. RSI also looks like there is more value in it.

From a sentimental point of view, I think the Cybertruck will significantly eat into Ford sales especially in the US; the German Gigafactory will eat into Mercedes and BMW sales; we will start to see more China sales coming through propping up any slow down in other countries; we haven't even seen the "China designed" car yet; the Roadster I think due in 2021 will start to hurt some of your traditional premium performance cars; companies like VW came out last week and said they are around 10 years behind Tesla to which Elon said he is VERY happy to license Tesla tech and components to them, so we might start seeing deals where manufacturers wanting to leapfrog their competitors and reduce some of their build costs will start to use Tesla drivetrain components and their own "shells" on top. Then there is the whole Telsla Truck which fleets around the world will start to transition to. The model Y will of course start to fill in the shopping / soccer mum crossover territory... it goes on and on. Tesla hasn't run out of tricks yet by any means.

Crazy valuation though - 100% :)