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MikeSpy
Mar 1, 2023 10:41 PM

Tesla about to bum out investors? Short

Tesla, Inc.NASDAQ

Description

So I have been watching the Investor day and this was basically the jist:

1) Tesla can lead the world in renewables and by 2050 Tesla will have a great market share of the renewable energy market.
2) AI is the future and so is electric cars, driving your car will be like the riding a horse... some day.
3) No new products coming anytime soon, no new vehicles announced. You know Tesla always delivers ;)
4) There are a lot of issues with the production of Tesla Vehicles that are difficult, they have learned a lot and the next product (not announced) will be built more efficiently.
6) Tesla is Awesome! Tesla is the Future! Tesla has the best engineers and is kicking ass. Tesla has the best drive train!
7) A basic AI course... your self driving car uses similar tech as... Chat GPT... ;)

I don't think it is necessarily bad... but it doesn't seem like anything big is coming anytime soon, I expect the hype to fade and retail to be bummed out.


Also looks like we may be ending the distribution phase and forming a head and shoulders on the chart.


Comments
MechanicalTrader13
lol, perfect recap. reminded me of being invited to a party just to find out it was a sales pitch on a time share.
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