There's No Wonder Why Elon Hasn't Bought Back His Tesla Stock
Updated
Before Elon's announcement of any stock split, it was predicted that Tesla's stock was due for a deep retracement. Week ago, I thought that drop action had finalized however, based on reassessment of the wave structure + assessment of NAS100, it seems very likely that Tesla will do its part it assisting to drag down the index.
Many would assume the outcome from Tesla AI Day would result in bullish momentum or new investors, and it very well may. The new buyers (investments) won't be enough to stop the pending 50% drop however. Holders should look for the most suitable exit in order to avoid more losses than necessary.
(Wave analysis has been redacted from this marking however, wave-by-wave analysis will be tracked via link in bio).
Many would assume the outcome from Tesla AI Day would result in bullish momentum or new investors, and it very well may. The new buyers (investments) won't be enough to stop the pending 50% drop however. Holders should look for the most suitable exit in order to avoid more losses than necessary.
(Wave analysis has been redacted from this marking however, wave-by-wave analysis will be tracked via link in bio).
Note
Tesla could/should be due for a run to $600 after finding support in the green box.
Join me on the waves, where its safe. discord.gg/QRPx6ShxMt
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