Tesla's ongoing turbulence is getting harder and harder to ignore even amongst some of the permabulls. Notably, Wedbush Securities' Dan Ives, a long-time Tesla bull, recently slashed his 12-month price target by a whopping 43% reduction noting concerns over CEO Elon Musk's political entanglements and the impact of new tariffs under President Trump's administration.
If you think TESLA is likely to keep going down, you might want to consider
TSLQ a leveraged short position. TSLQ aims to deliver twice the inverse (-200%) of Tesla's daily performance.
Its important though to understand that these types of leveraged trades are really only meant to be shorter term and if the stock starts to go up, then you will be losing at 2x the rate as well. Overtime, any wiggle up and down tends to work against you - even if the stock continues to go down.
Definitely not trading advice, but something I was asked about today, and the current climate doesn't look overly positive for Tesla or Elon.
TSLA article: finance.yahoo.com/news/tesla-bull-slashes-stock-price-184418063.html
TSLQ info: tradretfs.com/tslq-2x-short-tsla-daily-etf
If you think TESLA is likely to keep going down, you might want to consider
TSLQ a leveraged short position. TSLQ aims to deliver twice the inverse (-200%) of Tesla's daily performance. Its important though to understand that these types of leveraged trades are really only meant to be shorter term and if the stock starts to go up, then you will be losing at 2x the rate as well. Overtime, any wiggle up and down tends to work against you - even if the stock continues to go down.
Definitely not trading advice, but something I was asked about today, and the current climate doesn't look overly positive for Tesla or Elon.
TSLA article: finance.yahoo.com/news/tesla-bull-slashes-stock-price-184418063.html
TSLQ info: tradretfs.com/tslq-2x-short-tsla-daily-etf
NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.
MY SITES:
FIND TRENDING STOCKS: HigherHighs.com/
FIND AND SET TRAILING STOPS: SuperTrail.io
TRADINGVIEW TIPS: YouTube.com/@zAngus
MY SITES:
FIND TRENDING STOCKS: HigherHighs.com/
FIND AND SET TRAILING STOPS: SuperTrail.io
TRADINGVIEW TIPS: YouTube.com/@zAngus
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.
NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.
MY SITES:
FIND TRENDING STOCKS: HigherHighs.com/
FIND AND SET TRAILING STOPS: SuperTrail.io
TRADINGVIEW TIPS: YouTube.com/@zAngus
MY SITES:
FIND TRENDING STOCKS: HigherHighs.com/
FIND AND SET TRAILING STOPS: SuperTrail.io
TRADINGVIEW TIPS: YouTube.com/@zAngus
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.