Tesla's profit dropped 24% with margin compressed after global price cuts
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Key Takeaways:
Attitude: Tesla sees 2023 as a unique opportunity. As many carmakers are working through challenges with the unit economics of their EV programs, Tesla aims to leverage its position as a cost leader. The management pointed out that the current macro environment remains uncertain....

ChatGPT has sparked a global AI stock craze since the start of the year. OpenAI's chatbot ChatGPT has become the fastest-growing consumer app in history, with an estimated 100 million monthly active users^ in January this year, just two months after its launch.
The ChatGPT mania has also pushed a number of AI concept stocks higher so far this year, with Nvidia up nearly 54%^ year-to-date, Buzzfeed up over 145%^, and the...

The tech-dominated Nasdaq Composite is off to a good start in 2023, up over 11% year-to-date as inflation has slowed and optimism from the Fed is on the rise.
Several star tech stocks are also performing well, with Tesla (TSLA.US) up over 40%^ YTD, Nvidia (NVDA.US) up nearly 40%^ YTD, and Meta Platforms (META.US) up over 26%^ YTD.
The uptrend in tech stocks has remained strong in recent weeks, with Tesla up for 6 consecutive trading days sinc...

In a previous post I explained how traders should watch out for selling or long positions being covered near crucial long-term resistance zones. You can see these resistance levels above highlighted by the 200-day moving average and the downward trending bear market resistance level. The bear market resistance is the same dynamic resistance level of the expanding triangle or wedge pattern. Will the market breakout to the upside into a bull market? O...