Guys. Please help me understand why Tesla rallied 50% so far? I really don't get it. They delivered a lil bit more. Delivery actually dropped compared to last year. There's robotaxi but Google have self driving taxi too and they didnt rally 50%. Could someone please tell me why it rallies 50%?
Dr DT
:
You are absolutely correct. The bull run made no sense based on earnings. However, this is due to market bullish sentiment and interest rate cut expectation. Basically only the mag 7 stocks are rising everyday on momentum run but not the broader market. Therefore expect a correction anytime now. May be as early as tonight after PCI report. Even with cooler PCI report, market may start to sell off just like sell the news event. Cheers.
被祝福的账户 : Simple XD manipulate and follower
Fearlessssssss : Don't you know about the energy business
炼铜“色鬼”汐 Fearlessssssss : Simply put, I used to sell cars, now I sell electric cars
Dr DT : You are absolutely correct. The bull run made no sense based on earnings. However, this is due to market bullish sentiment and interest rate cut expectation. Basically only the mag 7 stocks are rising everyday on momentum run but not the broader market. Therefore expect a correction anytime now. May be as early as tonight after PCI report. Even with cooler PCI report, market may start to sell off just like sell the news event. Cheers.
Bryan X86 : market makers
103565503 : Speculative in nature ,driven by emotions