wordsforthewise

looking bad for bulls

Short
NASDAQ:TSLA   TESLA INC
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1
shooting star candle on the weekly...a big bearish div playing out, another small one maybe showing up. If we close next week or the one after below 400, look out below...no knowing where the dump could stop. Remember this is $2k pre-split levels, and it rallied like 80% (I think, maybe 50%) solely on news of the split. Febhighs would be around 190 I think.

Tesla is canceling their refund policy ( bearish ), lots of bad news on customer service and quality coming out. Macro backdrop is bad. Also looking to me like this rebound from 325 was an ABC pattern within a 1-5 elliott wave pattern...topping out the 2nd wave of a 5-wave pattern down. Not looking good!
Comment: Oh yeah, and cruise released level 4 self-driving in san francisco, and waymo released level 4 self-driving in Phoenix. Musk's very limited release beta coming out next week looks super weak in comparison...

Also tesla does not have a permit in CA to test self-driving cars, unlike waymo, cruise, and another company (can't remember which off the top of my head). Cruise is permitted with level 4 cars in SF starting this week I believe.
Comment: adding to the bad news, tesla admitted a design flaw that causes rear bumpers to fall off in the rain, reduced their 4 year warranty down to 1yr and 10k miles
Comment: also more lawsuits coming at them in NL
Comment: a close below 420 this week means we break out downward. Seems like d-bag elon is keeping the price near 420.69 as much as possible. Even almost closed there one day, I'm sure it was him manipulating sht around. Turns out the FSD beta is total BS. As people slowly realize no 1M robotaxis anytime in the next few years...you can guess what happens

Comments

this is not an analysis, but an assembly of information pieces that lack foundation and lines telling nothing
+1 Reply
wordsforthewise Lutz_Andreas_Eichacker
@Lutz_Andreas_Eichacker, it's a collection of thoughts. Don't read it if you don't want to
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What are your put positions?
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@AfuOptions, a few slightly OTM for June 18 2021
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