EVs are getting hammered by the market. WIth some are going almost bankrupt (
FSK
), some are hopeless when it comes to electrical vehicles. We have been in a downtrend since 2 and some years ago. Since inflation has been higher consumers have avoided financing cars and this has been one reason why the velocity of sales has been lower, adding also that
TSLA
has been lowering their price to compensate for these problems. As many have said and joke about it that TSLA is not just a car company, I agree with this thesis. I firmly believe that
TSLA
is a gem of a company, and not just because its a car company, (very hard industry) but also because of the technology that it is developing. We have seen the TSLA robots that are being developed and their core potential. TSLA is also making chips, however it has a long way to go to be on par with
NVIDIA
, I believe with market momentum and a good story we can see
TSLA
bouncing in the following weeks. Usually, I do not analyze stocks that have a pattern such as
TSLA
for a long trade since we have not witnessed confirmation yet. However, from here I believe some of the stocks that are leading the market (
NVIDIA
,
MU
,
TSMC
) can shift some momentum to
TSLA
with the right conditions. Should the US market continue its strength, I believe
TSLA
will be one stock that will produce alpha in this cycle. Keep an eye on the
TSLA
press release in April.
Goodluck and happy trading.
FSK
), some are hopeless when it comes to electrical vehicles. We have been in a downtrend since 2 and some years ago. Since inflation has been higher consumers have avoided financing cars and this has been one reason why the velocity of sales has been lower, adding also that
TSLA
has been lowering their price to compensate for these problems. As many have said and joke about it that TSLA is not just a car company, I agree with this thesis. I firmly believe that
TSLA
is a gem of a company, and not just because its a car company, (very hard industry) but also because of the technology that it is developing. We have seen the TSLA robots that are being developed and their core potential. TSLA is also making chips, however it has a long way to go to be on par with
NVIDIA
, I believe with market momentum and a good story we can see
TSLA
bouncing in the following weeks. Usually, I do not analyze stocks that have a pattern such as
TSLA
for a long trade since we have not witnessed confirmation yet. However, from here I believe some of the stocks that are leading the market (
NVIDIA
,
MU
,
TSMC
) can shift some momentum to
TSLA
with the right conditions. Should the US market continue its strength, I believe
TSLA
will be one stock that will produce alpha in this cycle. Keep an eye on the
TSLA
press release in April. Goodluck and happy trading.