Yeah, seeing TSLA miss is all the market needed to take down the whole group. Pounding the table on "slowing demand". Not sure I see it, but don't fight the market, in my opinion.
Much of the world still doesn't understand the basics for EVs. As your most recent video shows quite clearly, you need roughly an hour stop after 300 miles (or less). Let's say that's every 4.5 hours of driving at roughly 70/mph. Charging will be slower in colder temps and small nuances like that can be eye opening. No 5/10 minute stop, gas up and go... Avg American wants/needs instant gratification.
There was plenty of negative press in the US media when the charging lines were several hours long in Chicago early last week. Now add in TSLA's miss.
Hardest part is to guess what's going to happen over the next 4 weeks. No reason to be bullish, that's for sure but the stage is set for them to lay open their vision at earnings time. I'm guessing each time this pops, the weakness shown afterwards is 2 fold. Those who've held on and are finally bailing and those who buy into the pop and find themselves under water within a few days max.
It certainly doesn't look like any buyers are stepping in front of the speeding trains going down....
FSR's drop sure looks like an amazing opportunity, but they'll need to start showing how their finances are going to work out --over the next few years-- first. This is probably the right spot to consider buying, after the quick pops the stock has made here and there over the past month turn into serious % drops. From the 5s to 73 cents... Pretty massive dump. Analysts now showing $1 or smaller targets, leads me to believe they have no clue. Had they done that 3 months ago, I'd have a little respect but I see this as closing the barn door after all the animals have left. |
