StarFoxisDown!
Well-Known Member
Haha anything can happen on earnings....which is why I won't make any short terms bet or take any risk on playing TSLA to the downside. I'm just sitting on the sidelines to watch and see if we do get that drop all the way down to 146 to close that gap.This is the definition of going long on any stock at any time.
Wall St loves traps, bear and bulls, but the reality is there's very little Tesla has in it's bag currently (and for the next 3-6 months) to pull out and surprise Wall St. Not to get into the actual business side of Tesla too much, but I still think Tesla's strategy about advertising, how they're doing it, where they're doing it, and informing the customer is very flawed and thus margin pressure is going to continue until Fed materially drop rates.
Take the point of sale credit for example......it should drive plenty of demand for the Y for Tesla to not cut prices at all this year. But I doubt hardly any non-Tesla owner/fan, ya know the average consumer out there that doesn't know much about EV's, knows about the point of sale credit.
Trust me I'd love to be wrong on this, I haven't trimmed my shares at all except to fund the down payment to buy a house this year and even then, I sold shares but bought enough close to ITM LEAPS for 2025 to make up for the shares I had to sell.