Tesla announced FSD Subscription. Stock is still down. I personally believe that the broader market pullback will drag this stock down for the following weeks. Earnings and August CPI are the next catalysts. I expect a bottom by month's end with a PT of ~530. Earnings could potentially drag the stock to ~420 area however I believe it is unlikely: FSD Subscriptions will provide a SAAS income that has an obscene margin - even despite that FSD is nowhere near complete. Record deliveries mean record income. The downside risk is that margins have been significantly damaged due to inflation and material shortage. Highly doubt the market will care about superficial BTC loss if TSLA did not sell any. By this fall (Sept is my estimate), people WILL front-run the Giga Texas and Berlin capacity for production. I personally have a PT of 900+ by year-end.
Remember my brain is as smooth as a marble and you'll probably lose money. Not financial advice.
Remember my brain is as smooth as a marble and you'll probably lose money. Not financial advice.