Short tesla until Q3 results
Updated
Based on current sales forecast (given the actual sales data July/August).
Decreased traction on the Tesla websites shows decrease interest in Tesla
The removal off tax incentives in July.. This is HUGE (for both margin and sales volume)
Uncertainty China
A lot of negative sentiment factors will drive down Tesla share price!! This is expected to remain until the Q3 profitability results. Thereafter, if GIGAFACTORY in China is opened with success there might be some reversal. However, until then this stock will re-test
I was long until 265 as it was oversold big time, but I also predicted profitability sacrifice for revenue hit. Perfect target hit at 265. Now back short!? I expect 175 re-test.
Decreased traction on the Tesla websites shows decrease interest in Tesla
The removal off tax incentives in July.. This is HUGE (for both margin and sales volume)
Uncertainty China
A lot of negative sentiment factors will drive down Tesla share price!! This is expected to remain until the Q3 profitability results. Thereafter, if GIGAFACTORY in China is opened with success there might be some reversal. However, until then this stock will re-test
I was long until 265 as it was oversold big time, but I also predicted profitability sacrifice for revenue hit. Perfect target hit at 265. Now back short!? I expect 175 re-test.
Trade active
Initial target 227 end of day.Thereafter 175-200 re-test
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