$Tesla (TSLA.US)$ why are people (panic) selling? just beca...
$Tesla(TSLA.US$ why are people (panic) selling? just because it doesnt hit consensus? Q4 EPS is higher than Q1 Q2 Q3 combined. Given the price has been down almost 20% ytd before earnings, the downside should be limited.
Most markets consider a drop in 20% signifies an official bear market. Yes, at this rate TSLA seems to be it. The next 20% drop support would be around 160. (I would call this double bear.) But I dont consider missing consensus or targets means lacking fundamentals. People just need to chill!!
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Master Corgi : Short term bearish
Balmung : People are thinking if can’t hit exceptions means poor performance. A lot selling to push down price and rebuy later also a possibility.
RTRP : good to learn.
George Lim 8888 : Anyway we have to flush out all the sellers so that we can buy cheap