Tesla taking another dip?
Updated
An update to my prediction from back in May.
I'm retarded with a brain as smooth as a goddamn marble. You'll probably lose money. Not financial advice.
I'm retarded with a brain as smooth as a goddamn marble. You'll probably lose money. Not financial advice.
Note
Tesla appears to have failed a breakthrough of 700 PT with the FSD v9 limited beta catalyst. Now Tesla's near term catalysts are:CPI Data - Came out today exceeding expectations. Could reignite runaway inflation fears. I suspect that this or next month will be the worst months. Very hopeful for flat or negative CPI in Sept.
Jerome Powell speaks tomorrow. Might suggest hiking interest rates. Taper tantrum? Powell is more likely to stand his ground on transitory inflation.
End of July Earnings. Record delivery. However, markets might not like it due to BTC "loss" and possibly lower margins due to chip/supply shortage.
Expecting Tesla to slowly bleed into the end of summer.
Refuelling the rocket ships for Q3 and beyond.
Note
Tesla entering phase C of wyckoff events.
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