Tesla stock underperforms
$Tesla (TSLA.US)$ Tesla is a great company, but Elon has lost focus. China’s economy is in real trouble. Rental car companies have stopped buying Tasla’s and have sold thousands of them at low prices. Competition is heating up and most cars are overstocked on car lots right now. Tesla is dropping prices. Until interest rates come down Tesla stock will not outperform like in the past. Hybrid cars are more cost effective, such as Toyota’s RAV4 which hold their value better and are cheaper to service. I will Buy Tesla stock again but at lower prices in the months to come. NVDA stock will outperform Tesla at this point. Tesla is a great company but its stock price is in trouble until rates start dropping and if there is a soft landing for the economy.
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TestLa Kopi : Reversal might start Mon, if you read the news.
BiGEAGLE719 : BiLLionaires don’t Lose focus my bro…that’s why they became biLLionaires
RVLTN : All of that is because consumers are BROKE , not because of anything to do with TSLA.