There is currently 0% probably of a substantial breakouts in either direction.
Tesla is crabbing and will likely continue to crab with high volatility until May.
Nothing about the fundamentals has changed, and no technicals in terms of trend, volume, momentum, volatility and options chains suggests a reversal is nessary.
The overall damage Elon has done to the brand is likely irreversible at this point. Sales in Germany are down I believe 90%, and more than 50% in the US, meanwhile in China BYD is dominating. Moreover, China or Germany could seize the gigafactory in retaliation for tarrifs if they wanted. That only leaves Texas and Nevada as manufacturing hubs on products without any sales.
The promise of a fleet is a pipedream because FSD is not safe. Though this regime may push it through for Elon's benefit, it would only serve to incr3ase liabilities on their balance sheet and further damage the brand so it's not the moon shot he presents it to be.
The entire brand was built on climate pledges and hope.
The CEO has now endorsed big oil, he's running massive gas generators for AI, supports the regime that backed out of the Paris Agreement (again) and the protests are growing in momentum without any sign of slow down.
In short TSLA is in the "find out" phase.
Tesla is crabbing and will likely continue to crab with high volatility until May.
Nothing about the fundamentals has changed, and no technicals in terms of trend, volume, momentum, volatility and options chains suggests a reversal is nessary.
The overall damage Elon has done to the brand is likely irreversible at this point. Sales in Germany are down I believe 90%, and more than 50% in the US, meanwhile in China BYD is dominating. Moreover, China or Germany could seize the gigafactory in retaliation for tarrifs if they wanted. That only leaves Texas and Nevada as manufacturing hubs on products without any sales.
The promise of a fleet is a pipedream because FSD is not safe. Though this regime may push it through for Elon's benefit, it would only serve to incr3ase liabilities on their balance sheet and further damage the brand so it's not the moon shot he presents it to be.
The entire brand was built on climate pledges and hope.
The CEO has now endorsed big oil, he's running massive gas generators for AI, supports the regime that backed out of the Paris Agreement (again) and the protests are growing in momentum without any sign of slow down.
In short TSLA is in the "find out" phase.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.