With an abundance of catalysts approaching soon, including Q1 earnings for 2021, I don't see Tesla taking the doom of death that many Michael Burry fanboys have been preaching. Tesla has proven bears wrong before and will do it again.
Whether you want to believe it or not, Tesla is both disrupting and dominating the EV industry at a rapid pace-
"As it turns out, Tesla completely dominated the electric car scene in the U.S., capturing 79.4% of the BEV registrations. The company noted 200,561 registrations in 2020 (up 16.3%, compared to 172,438 in 2019). That's 1.4% of the total car market!" ( insideevs.com/news/4...r-sales-tesla-share/ )
With everything said, I do see a couple more days of slow bleeding until we get closer to Q1 earnings. The technicals within the chart are just not there yet to indicate a true reversal. Just give it some room and time to play this correction out- EV and Tesla is the future.
Whether you want to believe it or not, Tesla is both disrupting and dominating the EV industry at a rapid pace-
"As it turns out, Tesla completely dominated the electric car scene in the U.S., capturing 79.4% of the BEV registrations. The company noted 200,561 registrations in 2020 (up 16.3%, compared to 172,438 in 2019). That's 1.4% of the total car market!" ( insideevs.com/news/4...r-sales-tesla-share/ )
With everything said, I do see a couple more days of slow bleeding until we get closer to Q1 earnings. The technicals within the chart are just not there yet to indicate a true reversal. Just give it some room and time to play this correction out- EV and Tesla is the future.