BigBullSmallBear
08-11

🚨 Tesla $TSLA β€” 340 Looks Toppy? 🚨$Tesla Motors(TSLA)$  

Price is sitting at $340, right near recent resistance. Historically, every time TSLA approached this zone in the last year, it pulled back hard within days.

πŸ”Ή Valuation Stretch – At current levels, TSLA’s P/E is far above other automakers, even with slowing delivery growth.

πŸ”Ή China Weakness – July & August deliveries in China reportedly fell vs. prior months, despite more price cuts.

πŸ”Ή Fed Rate Cut Effect – If the Fed stays cautious, high-growth names could see selling pressure, especially overbought ones like TSLA.

πŸ“Š Short-term charts show RSI >70 (overbought territory) and weakening volume on each push higher.

If $340 fails to break convincingly, downside to $320–$315 is possible in the near term.

πŸ’¬ Who’s hedging or shorting here?

1 Trln Pay Package Approved! Tesla Sell the News: Hold for Long Term?
On November 6, more than 75% of shareholders voted in favor of Tesla CEO Elon Musk’s new compensation package. Under the plan, if Musk meets a series of milestones over the next ten years, he will gradually receive about 423.7 million restricted stock units (RSUs) β€” up to USD 1 trillion. Can Musk realistically hit these ambitious milestones in the next decade? Will this massive pay package truly align Tesla’s growth with shareholder interests After the approval, is Tesla a β€œsell the news” trade β€” or a long-term conviction hold?
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