A few reasons $Tesla Motors(TSLA)$ stock could continue a downward spiral.
1. Weak deliveries in Q1.
2. No robotaxi launch in June.
3. Key employees leave. This is key, but most options granted after Jan 1, 2021 are now underwater. Stock is a great employee retainer...but not when the stock is dropping.
When operations don't match expectations it can be a rapid downward spiral that feeds on itself.
Autonomous driving. Now robotics. Elon Musk writes a $6 billion check to Jensen Huang for chips to build xAI and Jensen turns around and destroys Tesla’s business.
That's what I see at Tesla today.
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