So the downtrend for tesla kept its promise as visualized .. am glad i took the sort positions i did.
but now there will be a short pullback as the price has hit neared some historic lows.
So what can potentially drive the price down further?
1. Recession trends will impact car sales volumes.
2. Powerwall has a new challenger. Can musk come up with a smart response?
3. Diversification of offerings ... how much of it makes sense? How is the Robotics offering going to stack up to Hyundai's Boston Dynamics?
Does Elon have other tricks up his sleeve? that is the crucial question! .. for now i expect a short pullback to the 230s before a future downtrend can be set. Am neutral at the moment. time to enjoy the winnings from the short position!
but now there will be a short pullback as the price has hit neared some historic lows.
So what can potentially drive the price down further?
1. Recession trends will impact car sales volumes.
2. Powerwall has a new challenger. Can musk come up with a smart response?
3. Diversification of offerings ... how much of it makes sense? How is the Robotics offering going to stack up to Hyundai's Boston Dynamics?
Does Elon have other tricks up his sleeve? that is the crucial question! .. for now i expect a short pullback to the 230s before a future downtrend can be set. Am neutral at the moment. time to enjoy the winnings from the short position!
