This was shown by the market continued optimism for the above prior to the Q2 delivery and Q2 results. The market sentiment was undecided with bears winning some rounds and bulls winning a big round with Adam Jonas' price target update in September.
However, market sentiments started to sour when some analysts and fund managers, including Gary Black, began to give warnings that Tesla might not reach the Street's concsensus number. The actual delivery number was a reminder that the market could have been too optimistic about Tesla's performance, perhaps overly discounting macroeconomic headwinds.
The Q3 earnings call was a direct reminder by management that no company in the world can beat the Fed and overcome global economic-political concerns. As one article wrote today "Tesla: Is good good enough?", sums up the sentiments of some market participants well.
In view of these events, I revise my forecast downwards towards a possible $180 support. Watch to see if the intermediate support of $212 is broken. If so, $180 is more likely than not. If $180 is broken, there is nothing to stop the stock heading to the $100 support at the start of the year. And this price action may play out over a couple of quarters.
Until the interest rate starts to plateau next year, and global political-economic concerns subside, Tesla will see a slow climb up the wall of global worries and the weak economy. Watch also the performance of the mega caps like Apple and Nvidia to have a good gauge for the direction of Tesla's stock.
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Over the past week, the buyers and sellers were undecided. The crash to $202 came back up to a higher of $222. And yesterday the break downwards of $212 was clear. Yet the premarket today is heading back up at $209. This is likely a slight market bounce over the disappointing result of Google and Facebook two daya ago to today’s cheering of Amazon and Intel. As I wrote last week, continue to watch the biggest stocks as the market now almost mirrors their movements.
TSLA cannot fight the macro environment. In fact, watch too the sales of the other OEMs. The industry is in a downward trend, not only ICE brands. If Elon is to be trusted, then his pessimistic views should be taken more seriously than his optimistic views.
Wow. Big drops these few days. No wonder Cathie Wood keeps selling TSLA (even a few months before the recent earnings released). She must knew a big storm is coming for TSLA and the financial markets.
Don't pay attention to daily fluctuations. TSLA is not a daily trade, it's a long term hold. If possible load more on down days and enjoy the ride. This company is a winner long term. TSLA still in its infancy and will be continously growing the next 10 years at least. More splits and increase in stock value are in the horizon. Smart investors don't allow red days or shorts influence them. They think future and innovations TSLA is it !!
销售肯定会疲软。利率处于2007年以来的最高水平，并且可能会更高（持续更长时间）。最重要的是，家庭预算正遭受极端通货膨胀。像房子和汽车这样的大件商品现在太贵了，因此销售额直线下降。人们正在修理他们的汽车，而不是购买新型号的汽车。
Two Qtr ago, Elon told all of us that Tesla will be worth more than Apple and Aramco combined. What happened to that? Sad, So Sad.
Thanks for sharing. I'm outta here. Next came the recession.