All eyes on $TSLA
$Tesla (TSLA.US)$ closed down almost 6.5% today on what I can only assume is panic selling from this news
Reuters, I believe was the original source, saying that Tesla plans to cut model Y production by 20% at Giga Shanghai. The same day that Giga Shanghai reported a record month, selling over 100k in November. Seems sus. Very soon after the stock started dropping in the pre market.
Another possibility is Elon selling, which just happened to seem like a sell off on the “bad news” which I find possible because 6% drop on news that was later debunked seems like a lot.
Either way, huge overreaction from the market today (unless is was Musk). China is apparently cutting back on restrictions, so hopefully there are no future surprises in Shanghai production.
Now I see Cramer telling people to buy the dip.. looks like more red tomorrow
What do you apes think about the sell off today?
Another possibility is Elon selling, which just happened to seem like a sell off on the “bad news” which I find possible because 6% drop on news that was later debunked seems like a lot.
Either way, huge overreaction from the market today (unless is was Musk). China is apparently cutting back on restrictions, so hopefully there are no future surprises in Shanghai production.
Now I see Cramer telling people to buy the dip.. looks like more red tomorrow
What do you apes think about the sell off today?
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TeslaSmurf : Tesla China said it is FALSE NEWS