Tesla - the fun begins...

Ah_Meng
04-02

I didn't want to write ✍️ about Tesla. Either too much 💕 or hate... As a trader, I know that stock or company analysis is solely based on facts and figures. Nothing more, nothing less... But... I decide not to use my trader hat for now [Tongue]  [Duh]  [Sly]  

It's just for the fun of it... Why not? Tesla is announcing its latest results just as Donald Trump is organising a tea garden party 🥳🎉! I suppose many can't wait for the party to start... Like it or not.

Gee... I just shorted Tesla... I couldn't help it... Party is just about to start and I would like to be at the front seat. Just once, for the fun of it... [Happy]  [Silence]  

Why do that? Simple reasons...

If Europeans do not want to buy the car. Chinese EVs are cheaper and better, so Tesla is losing market share rapidly there. More and more Americans are against Elon Musk, just like the Europeans (especially Tesla's biggest markets of Germany and France), the remaining of the world 🌎 are just droplets here and there. I mean, how many Tesla could one sell in Australia and Singapore? Even Canada is removing subsidy for Tesla because of Donald Trump (or accurately as part of his tariff war). 

Logical me thinking... [Thinking]  [Serious]  how many more Tesla can you sell? Especially when they are all old and outdated models. Let's say the robocab thing is to take off, a big IF, if no one wants the car, how, just how would the sales take off... It is now a totally different problem altogether. It's not about technology advancement, rather human behaviour! Machines are straight-forward. You ✍️ in a program, computer executes accordingly. If you turn against fellow humans, real or perceived, not even Elon Musk with his Billions could help (not to mention those belong to US taxpayers - not a topic for today).

My only reservation is surprisingly from a source you would probably not have guessed [Tongue]  

Oh... Yeah, it's her... I always look to do things opposite to her. So if Wood sells, I will look to buy and vice versa. She thinks the share price of Tesla will hit $2600!? Who is she kidding? I mean seriously... If you think so, would you ever sell it? You will buy it with all the money 💰 you can find. At least like Michael Saylor... Yes, Michael Saylor, the founder of Strategy. Even though I don't buy what he says, at least he does what he says, using Strategy as a vehicle to borrow hard to buy bitcoin! And seldom, if ever sells...

Yup, so I am a bit concerned when Cathie Wood sells... Again... She's my barometer because she's normally wrong [Happy]  [Sly]  [Duh]  [Facepalm]  [Spurting]  That's why I have setup an unusual alert in 🐯 broker to track her funds' movements! Unusual use of alert? [Tongue]  [LOL]  [Sly]  [Chuckle]  [Evil]   as long as it works...

@TigerStars  @Daily_Discussion  @CaptainTiger  

 

# 💰 Stocks to watch today?(3 Apr)

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  • Ah_Meng
    ·04-02
    Out drawing blood, so no lunchtime jog today… if anyone is wondering… or bother [Facepalm]
    I forgot to mention, I shared the other articles on other EVs such as BYD and Nio as mere examples of competition and the contrasting results with Tesla… it is easy to understand why I don’t fancy Tesla at the moment (CEO aside of course [Chuckle]).
    Supporters for Elon Musk (not Tesla) tend to blindly follow given the good experience they had. However, it is a risk both side of the divide take. We can argue till the cow comes home and still not have a winner 🏆. To me, cash is the lifeblood of business. Without it, forget it! It might sound harsh but it is also the reality in this unforgiving business world. Plentiful of wannabe EVs startups are waiting for a place in the sun!☀️. No matter how good is the autonomous, no buyer = useless. As simple as it is.
    @TigerStars @TigerGPT What do you about Tesla last result? Any implication to its future success?
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