How far do you think it falls in this coming bear market and the way the left is attacking Elon? 400?

I do think there's been a bit of a rift between Tesla Bros and Elon. Previously TSLA was sort of propped up by a large group of shareholders that would never sell, whether it goes up or down. It was still trading above it's 50- and 200-day long after most other stocks had broken. I think that changed.

I do not, however, think you can extrapolate the last couple of weeks of massive red TSLA prices and expect that it continues this huge drop. I think it was previously disconnected from the market and I think the political stuff with Elon brought it back in with the other large growth/tech stocks. That's of course just my opinion.

Sub $100 billion market cap.

Look out below.

Teslag said:

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Chevrolet is down 45% in 6 months. Ford is down 40%. Rivian is down 76%.

Tesla is down 44%. This is bigger than elon and politics.

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EV is in a bubble. I wouldn't be surprised to see a 90% drop from the highs for most EV companies. Auto makers are hurting from supply chain struggles and don't have the inventory to meet demand.

valvemonkey91 said:

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How far do you think it falls in this coming bear market and the way the left is attacking Elon? 400?

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previous low 52 weeks is $538 so may retest that

TSLA is still positioned stronger than its competitors, and China opening up again will help.

https://texags.com/forums/57/topics/2942482/1

Might be time to bring the TSLA thread to the top.

Ag13 said:

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Sub $100 billion market cap.

Look out below.

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Fire sale

pfo said:

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Never in history has greater than 4% inflation and less than 4% unemployment not produced a recession.
. . . . . . .

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Hopefully, it may it be the shortest recession in history.

richardag said:

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pfo said:

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Never in history has greater than 4% inflation and less than 4% unemployment not produced a recession.
. . . . . . .

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Hopefully, it may it be the shortest recession in history.

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This will be the monkey pox recession.

bmks270 said:

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pfo said:

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Never in history has greater than 4% inflation and less than 4% unemployment not produced a recession.

So investors are preparing for a recession. But I believe 100% of Tesla's production over the next 18 months has been presold. I'm not selling a share of Tesla and will buy more when I think it's bottomed.

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Do you think other car makers are making inventory that isn't being sold? Nope, there is a supply shortage, car makers can't make cars fast enough. Tesla being worth the next 10 automakers combined who sell 100x the number of vehicles is the disconnect.

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I know your position on Tesla well banks. But I ignored it and bought a big position at 299 and sold 2/3 at much higher prices so it's a net free position for me. My thinking was and is that Elon Musk achievements make him a true genius and he has Tesla so far ahead they are most likely to win the race to make the first autonomous vehicles and with the highest margins. That's a true pot of gold. If I'm wrong about autonomous, Tesla's margins, battery tech, power stations and other Tesla initiatives, I still made a fortune on the stock.

pfo said:

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Never in history has greater than 4% inflation and less than 4% unemployment not produced a recession.

So investors are preparing for a recession. But I believe 100% of Tesla's production over the next 18 months has been presold. I'm not selling a share of Tesla and will buy more when I think it's bottomed.

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I'm curious about this. Why would lower unemployment be predictive of a recession?

I wondered the same thing. That stat came from Larry Summers.

AgsMyDude said:

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pfo said:

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Never in history has greater than 4% inflation and less than 4% unemployment not produced a recession.

So investors are preparing for a recession. But I believe 100% of Tesla's production over the next 18 months has been presold. I'm not selling a share of Tesla and will buy more when I think it's bottomed.

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I'm curious about this. Why would lower unemployment be predictive of a recession?

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My thought is that it is the low unemployment coupled with the high inflation. Basically, everyone should be (is) making money, which drives higher prices due to an increase in total available discretionary spending. That isn't really sustainable though, and it's basically a runaway train. If inflation stays low, you have prosperity and a buildup or creation of wealth and value as opposed to consumption.

I bought $350 puts yesterday. Which means tesla will probably be seeing 52 week highs soon if my track record is any indication.

RockOn said:

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That's a correlation vs causation fallacy. Like saying market peaks cause bear markets because the market always peaks before it goes down.

Also Larry Summers is a dumbass.

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Dad met with Summers on one of his return trip from the Siberian Oil fields while working for The World Bank's Energy Department back in the late 90's before he retired in late '00s.

Dad said he was a bigger dumbass than what you say above!

Also, the unemployment rate is a result of retirees leaving the work force early due to the pandemic.

Lot of folk left their jobs for good.