Tesla offers ‘up to $30,000 showroom discounts’ and lowers interest rates to boost sales before end of the quarter... Meeting the sales numbers at what cost. electrek.co
I'll keep on adding to biotech as money is rotated out of tech stocks into more safe havens with dividends.
Do not want to be long TSLA when the market crashes... The markets should turn this year!
A desperate CEO will state 0% chance of failure and give prediction with 100% certainty. So, many gullible investors in this stock. All was good with Bernard Madoff until the reveal!
The Bear flag has formed and it was just penetrated. As musk pumps, we will add to the short position. remember the 3D stocks... this stock has never experienced a real downturn. This is where reality meets the road... a semi, an electric train, an electric moon lander will not help until there is a deep correction.
As the big boys unload.Our chance to continue to gather additional short position.
it has to have a three wave down before moving up again. New money will not be committed until it drops to about the 72 level. The down trend looks like to be initiating soo.
Long term MACD is the best predictor of big moves and long term low risk investments... especially, once the stock has gone through the hype cycle as it just come out of the bust cycle and enters the slope of enlightenment!
Currently, TSLA has reached 8 times sales. With a market cap of $51 billion and even if they are successful and sale 600,000 cars next year, that is a Market cap of $85000 per car (keep in mind that 500,000 of those cars are sold at between $35k-50k.
Per previous posts, the close of the short is set at about $240. Today's price sits at PS of 7.5. Therefore, the close of the short position wis set slightly higher than the calculate PS ratio of 6 (i.e. $295.5*6/7.5= $236.40)
Also nasdaq has peaked and will come under pressure.
VW should move up to test the broken trendline (*Solid Red Line"). Hopefully, all had invested in the downtrend and now be ready to make some money by holding their shares!
good luck to those that were able to snatch some shares cheap today.
Elliot wave complete. Out of triangle breakout is complete. Buy between 36 and 45.