I predict that Tesla's China market share will start to decline, or even worse. The Chinese government has given too much support to China's domestic new energy vehicle industry, increasing the incentives and making it easier to obtain licenses, stimulating the domestic demand for domestic electric vehicles. Driven by the national policy of China's domestic recycling strategy, China hopes to build its own new brand and seize the new energy vehicle market by relying on the dependence of automobiles on the European and American markets. In the past year and a half, there have been more and more new energy vehicles in China. Seeing that the density of Tesla has become lower and lower, when Tesla loses the Chinese market or its market share declines, will be hit hard. From a technical perspective, it also proves that Tesla has fallen from a high of more than 1,100 to more than 700, and the volume is shrinking, which shows that Tesla is no longer favored by funds. So now shorting Tesla is a very good opportunity.
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