bullrider_21
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Tesla Stock: Avoid in 2024
$Tesla(TSLA.US$
Technical analysis
From Jul 2023, Tesla has been trading in a flag pattern as shown in the daily chart (Fig. 1). In Dec 2023, it was stalling and struggling to rise. Then it appeared to have broken out of the pattern. Or has it? To confirm, we look at the weekly chart in Fig. 2.
In the weekly chart (Fig. 2), you can see another flag pattern is formed. Tesla is still trading below the Downtrend line 2, which joins the Sep 2022 and Jul 2023 peaks. It didn...
Technical analysis
From Jul 2023, Tesla has been trading in a flag pattern as shown in the daily chart (Fig. 1). In Dec 2023, it was stalling and struggling to rise. Then it appeared to have broken out of the pattern. Or has it? To confirm, we look at the weekly chart in Fig. 2.
In the weekly chart (Fig. 2), you can see another flag pattern is formed. Tesla is still trading below the Downtrend line 2, which joins the Sep 2022 and Jul 2023 peaks. It didn...
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$Seatrium(S51.SG$ time to showcase the meme for submarine I created over the years back in 2021 @ tiger broker
+1
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$Riverstone(AP4.SG$
To break out of 0.74 resistance soon.
To break out of 0.74 resistance soon.
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Automakers' share in China's NEV market. Seres overtook Li Auto in Feb 2024
$BYD COMPANY(01211.HK$$BYD Co.(BYDDF.US$$Chongqing Sokon Industry Group Stock(601127.SH$
Feb 2024
BYD continued to lead China's new energy vehicle (NEV) market in Feb, even as its sales fell from a year earlier.
BYD had retail sales of 118,802 passenger NEVs in China in Feb, topping the NEV market with a 30.6% share, according to a ranking released on Mar 11 by the China Passenger Car Association (CPCA).
BYD released f...
Feb 2024
BYD continued to lead China's new energy vehicle (NEV) market in Feb, even as its sales fell from a year earlier.
BYD had retail sales of 118,802 passenger NEVs in China in Feb, topping the NEV market with a 30.6% share, according to a ranking released on Mar 11 by the China Passenger Car Association (CPCA).
BYD released f...
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bullrider_21
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$Seatrium(S51.SG$
I think the bottom is around 0.078.
I think the bottom is around 0.078.
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$Medtecs Intl(546.SG$ Manipulated counter?
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Li Auto shares down as Li Mega sales disappoint on price war
$Li Auto(LI.US$
Li Auto's first battery electric vehicle (BEV) model, the Li Mega, has not been selling as well as expected in its initial launch, and the company's management is considering lowering its sales target for the MPV (Multi-Purpose Vehicle) model, according to a local media report.
Li Auto's management's initial 24-hour order expectation for the Li Mega, which was officially launched on Mar 1, was around 3,000 units, but tu...
Li Auto's first battery electric vehicle (BEV) model, the Li Mega, has not been selling as well as expected in its initial launch, and the company's management is considering lowering its sales target for the MPV (Multi-Purpose Vehicle) model, according to a local media report.
Li Auto's management's initial 24-hour order expectation for the Li Mega, which was officially launched on Mar 1, was around 3,000 units, but tu...
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bullrider_21
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why is it dropping 10pct today?
$Li Auto(LI.US$ why are you all selling when the other Chinese EVs are green? just because of a rumor that new model is selling less than expected? How is that worth 10%? what am I missing here?
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Watch for possible pop off
$Disney(DIS.US$
Big move for DIS today with no real news. Watch for Wednesday. It might be a day for DIS to breakout.
Big move for DIS today with no real news. Watch for Wednesday. It might be a day for DIS to breakout.
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bullrider_21OP : Tesla is off to its worst start to any year - ever. It lost more than USD94 billion in market valuation in just the first 2 weeks of 2024. It's not hard to figure out why, as the EV maker has been pounded by a barrage of negative news: an about-face on EVs from the car rental giant Hertz, yet another price cut for its cars made in China, and signs of rising labour costs.
All of this comes in the face of stagnating growth in demand for EVs, especially in the US.
bullrider_21OP : The hit to Tesla's market capitalization to start the year is the biggest the company has seen over a similar period since it went public in 2010. In percentage terms, Tesla's 12% drop since the start of Jan is the worst since 2016, when the stock fell 14% over the first 9 trading days of the year.
Last year, the stock was the 8th best performer in the S&P 500. So far this year, it’s the 8th worst.
bullrider_21OP : Musk is taking a big hit personally. The world's richest person, who gained more wealth in 2023 than anyone else on the planet, has seen his net worth shrink by USD23 billion so far this year, according to the Bloomberg Billionaires Index.
Musk regained the top spot on Bloomberg's wealth index last year, overtaking Bernard Arnault, but now Jeff Bezos is rapidly closing in, with USD179 billion to Musk's USD206 billion as of Fri's close.
The bulk of Musk's net worth comes from his 13% stake in Tesla and about 304 million exercisable stock options. He also owns about 42% of SpaceX, which is valued at about USD53 billion, according to Bloomberg's wealth index.
bullrider_21OP : Tesla shares are priced for perfection, that also made them highly vulnerable to big reactions to any negative news.
Tesla has been promising truly self-driving vehicles for years, and most experts say the technology is still years, maybe even decades, away.
"Tesla has not been able to deliver on fully autonomous driving and AI promises, which are already embedded in the valuation," Spear's Delevska said. "Being simply another automotive manufacturer is not going to cut it for a USD750 billion valuation."
bullrider_21OP : A Tesla bull, non-TA guy, always say TA is confirmation bias. That's absolute rubbish. The Tesla bull always post articles favouring Tesla and bad things about Tesla rivals. You can see that I made my prediction at the start of the year. It is turning out like I predicted.
Confirmation bias only happens when it's over and you use TA to review. I made my prediction way in advance before it happened.
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