In the current overheated market, the Semis have been the main catalysts driven by AI euphoria. Autonomous vehicles are one of the main catalysts for AI and with TESLA's cost reduction and the decrease in demand from China, this catalyst will lose its momentum in the next few months but will recover later part of the year.
NVDA will correct after earnings today...
I bought a few put contracts of TSLA early this week - and here were my reasonings:
On the technical side, RSI and MACD are bearish of late. In the past during the lat 4 quarters of earnigs, TSLA went down three out of four times when the fundamentals were a lot better. The fundamentals are more challenging no with competition from China.TSLA is also not...
