$Tradr 2X Short TSLA Daily ETF(TSLQ)$ New kid on the block. I bought this short some time ago but I sold it off before the correction sets in. This is simply a Rinse and Repeat move... As I shared a while ago, I bought $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$  given the on-going tariff war started by Donald Trump.

I re-entered into a new position because the chart on the principal stock, $Tesla Motors(TSLA)$  is showing lower highs and lower lows. The downtrend is still very much intact there, so despite (or inspite) Tesla result announcement (which should show further customers' abandonment), I expect Tesla share price to continue moving downwards.

The main reason for the premarket price correction is because of Tesla's continuously postponement of the production of lower price's Tesla EVs.

This could be a short term issue or a usual problem as far as Elon Musk is concerned. Elon Musk is not known for his honesty. Breaking promises are simply the norm. Over promised is simply known as "ambitions".

The bigger problem would be the continual alienation of Elon Musk and Tesla from US and major European nations. China is a different problem altogether. It's Tesla's lacking in competitivity. With Donald Trump's big tariff against China, a new problem has emerged. Tesla's China factories grounded to a stop! 

Another issue showing up in China. This issue was known in US. Sure, this is not just a Tesla problem. It's the whole autonomous driving problem! Crashing in the absence of driver's assistance. More data and training is needed to enable the technology advancement. But not at the expanse of human lives if you ask me... which is pretty much what Elon Musk thought of doing.

So yes... I am back at shorting Tesla. Care to join me?

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