$Tesla (TSLA.US)$ Many traders are looking at this with surp...
$Tesla(TSLA.US$ Many traders are looking at this with surprise (a lot got hurt too). But surprising was the too hard reaction to Powell’s declaration for future hikes. The 0,75 was already priced in, so the rest was FEAR (I’m not saying unjustified) for the FED’s future moves. Withouth that, this bounce woukd have taken place last week, instead of now. At the time, TSLA was doing great testing the 314, but yesterday it outperformed the market, due to the fading effect of the BS news about the 1,1 million recalls (already fixed on-the -air as ONLY Tesla can do) and, mainly to the expectations for friday’s second AI DAY. TSLA’s value for the following period will depend on that event:
If it’s percieved as “flat” (a mere technical event , mainly with brains recruitment purposes) the stock may pull back a little, as the greater expectations are not percieved as fulfilled by the large public, though nothing real had happened.
But, if REAL STUFF is taken on the scene and it is percieved as game-changing by the public and by Wall Street, the stock may have a moment of uncertainty (due to specultation and market makers) but it will start to fly and, unless negative production results (the partials ate already great, set to new records) and a negative perception of the Twitter thing (for me is only positive on the long run), it will skyrocket in the following period.
Major negative events (war, pandemic, Fed drastic decisions, etc) may change the narrative. 🫣
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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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Bisco : Agree with this