TSLA
Updated
The continuous price cutting across all cars, as expected, reduced drastically the margins and this showed up in Q2 financials. Most probably these results will dictate the stock direction for the remaining of the year. In the last 4 months to analyze the stock you only needed those two trendlines. The upper area in the previous analysis has been slightly breached only to touch the upper TL, financials came out at the perfect time. Trend is clearly down and I now expect a continuous decline in the coming months and also the breaking of the lower TL, which will start the capitulation phase where all the die hard fans will lose all hope about their investment in the company.
On the fundamental side we also got huge competition coming from the big brands like MB, Porsche and Jaguar, a customer that wants to switch to EV in the next 2-5 years will always go to the brand he loves and trust and not to a relatively new company.
Not to mention the fact that Musk confirmed that there won't be a new facelift version of the S & X which are starting to feel old compared to a brand new futuristic design like the MB EQC.
Also just yesterday the first spy shots of the MB EQS came out, which it can potentially be the Model S killer.
On the fundamental side we also got huge competition coming from the big brands like MB, Porsche and Jaguar, a customer that wants to switch to EV in the next 2-5 years will always go to the brand he loves and trust and not to a relatively new company.
Not to mention the fact that Musk confirmed that there won't be a new facelift version of the S & X which are starting to feel old compared to a brand new futuristic design like the MB EQC.
Also just yesterday the first spy shots of the MB EQS came out, which it can potentially be the Model S killer.
Note
Nothing has changed, same outlook. Deliveries will probably still be high, but with a price cutting across the board and a collapse of model S sales (check out TeslaCharts on Twitter) , margins are just gonna be thinner and thinner.
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