TSLA having a massive buy presence in the premarket this morning. Could this be a sign good things are coming? I think not, over the last 5 trading sessions TSLA dropped a eye watering 21% !!!
Here are some factors of why TSLA has declined a MASSIVE 72% this year :
Inflation -> Fed tightening -> Risk-off assets looking more attractive
Elon has sold $23bn worth this year alone to finance the twitter acquisition. If advertisers continue to flee, he will need to sell more to finance debt payments from LBO.
He has pledged not to sell anymore till 2024
There have been large concerns from major investors around Elon's time commitments as CEO given Twitter acquisition.
Fears of a global recession next year are causing concerns around luxury car demand. Consumers will be reluctant to spend $80,000 on a new car with used car prices tanking.
No $30,000 Tesla car yet.
Concerns about Chinese demand given COVID cases and lockdowns hurting demand for luxury vehicles.
No wide FSD rollout, No Cybertruck
Ouch......
Here are some factors of why TSLA has declined a MASSIVE 72% this year :
Inflation -> Fed tightening -> Risk-off assets looking more attractive
Elon has sold $23bn worth this year alone to finance the twitter acquisition. If advertisers continue to flee, he will need to sell more to finance debt payments from LBO.
He has pledged not to sell anymore till 2024
There have been large concerns from major investors around Elon's time commitments as CEO given Twitter acquisition.
Fears of a global recession next year are causing concerns around luxury car demand. Consumers will be reluctant to spend $80,000 on a new car with used car prices tanking.
No $30,000 Tesla car yet.
Concerns about Chinese demand given COVID cases and lockdowns hurting demand for luxury vehicles.
No wide FSD rollout, No Cybertruck
Ouch......
WKP