Let's review my short term outlook from tesla #4 2024-04-03.. "short term: 150-160, earnings in 2 weeks should bring us below 150 and on our way to 100-110."
Earnings being released on Tuesday after US close. I have absolutely not edited anything from the drawn wave thesis 2 months ago. This stock is in a strong bear trend for 2 years and not a single soul will know where the bottom is. I stand by my outragous forecasts that Cathy will retire and Elon will scramble to come up with new equity to finance twitter because Tesla stock has lost more than 60% of it's value from the all time high.
bull case: Bulls tried for 4 months now to keep this above 180, then 160 and now 150. This will probably free fall now to 100. Bulls praying for a miracle earnings report.
bear case: 150 broken with force. Nothing stopping this to 100. Could earnings on Tuesday surprise upwards? I am not allowed to swear on tradingview but there is a song from Snoop with a perfect title. It's from 1999, ends with please and featured Xzibit.
short term: 100.
medium-long term: Bulls better pray for 100 to hold, otherwise it's 65 next.