$Tesla (TSLA.US)$ June marked ANOTHER production record and ...
$Tesla(TSLA.US$ June marked ANOTHER production record and the quarter may have ended about 350.000 cars IF it wasn’t for Shanghai closure for covid but…
IT HAPPENED (the covid closure)
Tesla grew over 26% year over year in a market where anybody else’s is loosing like crazy
IT HAPPENED (the covid closure)
Tesla grew over 26% year over year in a market where anybody else’s is loosing like crazy
WHAT will happen to the stock ?
It’s a bear market and ANY not completely good news can trigger a fear-sell off.
THEN ? If fearful retailers panic and sell the shorters will come in and the price will plunge until the resistance (670, 630, 598, 566, who knows, depending on the momentum and on the SPY condition). What is SURE is that the 🐳 (whales) will be buying while losers sell. I’m not a whale but I will be buying more stocks all the way down to the unknown bottom (EVERYTHING is good under 700) at the RIDICOLOUS prices the panicking fellows will sell them.
It may not happen on Tuesday, but it will if the FED hikes another 0,75 base points, and on Tesla’s earnings (probably decent, but surely not as good as Q1) scheduled for July 20.
It’s a bear market and ANY not completely good news can trigger a fear-sell off.
THEN ? If fearful retailers panic and sell the shorters will come in and the price will plunge until the resistance (670, 630, 598, 566, who knows, depending on the momentum and on the SPY condition). What is SURE is that the 🐳 (whales) will be buying while losers sell. I’m not a whale but I will be buying more stocks all the way down to the unknown bottom (EVERYTHING is good under 700) at the RIDICOLOUS prices the panicking fellows will sell them.
It may not happen on Tuesday, but it will if the FED hikes another 0,75 base points, and on Tesla’s earnings (probably decent, but surely not as good as Q1) scheduled for July 20.
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TESLA holder and trader. Economics and tech studies, writer, traveller and chef for passion. FREE in SouthAmerica 😎
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