Prominent Tesla Bear Says Shares Could Trade Below $800 in Near-term

[TruckElectric]

Actually from the numbers Tesla crashed from 1180 down to 700 which is about a 40% drop vs most of the tech stock that are down 70-80% and only recovered somewhat compared to Tesla’s almost full recovery just days ago. so it’s no where near as bad as other growth/tech stock.

If it drops to 700 again I’ll be buy a few more share as I can afford it. I have a feeling the stock will get a healthy bump on 420. It already is back above 1000 today. Guess I some ways Tesla is now a tech value stock hybrid, although not quite at amazon/google stability but also has crap ton more growth to go.

If you're a good trader TSLA is the place to be!

 

[TruckElectric]

 

[TruckElectric]

500 container ships stuck outside Shanghai as Xi's zero Covid policy wreaks havoc
Queues caused by lack of staff in wake of fast-spreading omicron variant

https://www.telegraph.co.uk/busines...olicy/?li_source=LI&li_medium=liftigniter-rhr

 

[SparkChaser]

Stack your cash and get ready for a buying opportunity.

 

[happy intruder]

look out "split" rumors.......

 

[Crissa]

Index? What the hell does '10' mean on that index?

-Crissa

 

[cybguy]

Tracking the stock through the year, yes, a dip event has happened near this time of the year. The stock also rebounds.

You can ride the roller coaster or you can try squeezing a bit and hope the forbidden fruit does not burst open.

Either way, nerves will be frayed.

edit: past performance does not promise future performance

There was a good LA Times piece on how 1.4 million Tweets produced by Bots over a decade helped spin things more favorable to negative news for Tesla. 20% of all Tesla tweets were from bots. It correlated with keeping up the price in the face of bad news. For us stockholders be reassured that those bots are busy working to keep the price of the stock up. The article made it clear that they didn't know the source of the bots. so no reason to believe Tesla is risking another SEC fraud investigation.

 

[TruckElectric]

NYU professor says his family is scavenging to find food in Shanghai
https://thehill.com/hilltv/3265791-...amily-is-scavenging-to-find-food-in-shanghai/

 

[TruckElectric]

Shanghai residents face food shortages, late-night testing in lockdown
ABC News’ Britt Clennett examines life inside Shanghai, China as the city forces 25 million people into lockdown over the latest omicron surge, despite the economic and social toll.

 

[Crissa]

There was a good LA Times piece on how 1.4 million Tweets produced by Bots over a decade helped spin things more favorable to negative news for Tesla. 20% of all Tesla tweets were from bots. It correlated with keeping up the price in the face of bad news. For us stockholders be reassured that those bots are busy working to keep the price of the stock up. The article made it clear that they didn't know the source of the bots. so no reason to believe Tesla is risking another SEC fraud investigation.

A million tweets over a decade is not that many. And recall, over that decade, bots working for the shorts worked the other way...

-Crissa

 

[TruckElectric]

 

[TruckElectric]

Tesla’s Shanghai Plant Remains Shut. There Is an Option to Restart.

By
Al RootFollow

April 12, 2022 9:11 am ET

New Covid-19 infections in Shanghai are bad news for manufacturers in the area, such as Tesla.
Xiaolu Chu/Getty Images

Covid-related lockdowns continue in Shanghai and Tesla stock continues to trickle lower as investors wonder what to make of the situation. The shutdown looks like it will affect second-quarter production significantly, but a deliver “miss” really isn’t Tesla’s fault. Still, there might be something Tesla can do to restart its Chinese manufacturing operations.

Tesla’s (ticker: TSLA) most productive plant in Shanghai has been shut due to governmental Covid-19 lockdown controls since the end of March. Every day the plant is closed could cost the auto maker, perhaps, 2,000 or 3,000 deliveries. Some volume could be made up, essentially, by working overtime. But at this point Tesla might have lost tens of thousands of units for the second quarter.
Tesla is expected to deliver about 340,000 vehicles in the second quarter.

Lockdowns don’t look like they are about to end. The South China Morning Post reported more than 22,000 new Covid-19 infections in Shanghai on Tuesday. “Shanghai authorities have backed away from their plan to relax the lockdown measures in some of the lower-risk areas across the nation’s biggest commercial hub,” reads part of the article.

It’s a problem, but not a permanent problem nor a reflection of electric-vehicle demand, so investors haven’t appeared to take out fears on Tesla stock yet. Still, shares seem to be affected—a little. Coming into Tuesday trading, the stock is down more than 9% for the month of April, although the overall market is weak. The S&P 500 and Nasdaq Composite Index are off about 3% and 6% month to date.

The longer the shutdown goes on, however, the more pressure there will be on Wall Street’s second-quarter deliver and earnings estimates. Stocks typically struggle when estimates are coming down.

Tesla might consider going “closed loop,” meaning that employees live and work inside the factory until Covid restrictions are relaxed by the government. Tesla didn’t respond to a request for comment about that possibility.

The option isn’t unheard of. Reuters reported Monday that Chinese EV battery giant Contemporary Amperex Technology Co (300750.China), better known as CATL, went closed loop at a facility in southern China.

For a closed-loop system to work, of course, Tesla would still need to get parts from suppliers that might be facing lockdowns. Tesla buys batteries from CATL so at least one supplier looks to be ready to continue shipping to the EV giant.

Tesla stock is down about 8% year to date, similar to moves in the overall market and better than stocks such as General Motors (GM) and Ford Motor (F), which are down about 31% and 26%, respectively.

Weak production has hit those two stocks too. A persistent shortage of semiconductors has resulted in unplanned downtime for most auto makers in the industry.

It’s a lot of bad news for investors to digest even as demand for new cars remains strong. Ford, GM, and Tesla are all expected to make more money in 2022 than they did in 2021.

https://www.barrons.com/articles/tesla-shanghai-plant-covid-shutdown-continues-51649769008

 

[cybguy]

A million tweets over a decade is not that many. And recall, over that decade, bots working for the shorts worked the other way...

-Crissa

Whether 20% is not that many is very subjective. But the Bots targeted bad press effectively to increase stock price. The researchers didn't find Bots on Twitter spreading FUD. Did you make that up or can you reference and article and what social media platform where that was happening?
Now unfortunately Musk is accused of additional SEC violations. Seems he didn't report within 10 days after he acquired 5% of Twitter. Conveniently this let him acquire a larger share without the bump in price that occurred after he reported it.

 

[Crissa]

Whether 20% is not that many is very subjective. But the Bots targeted bad press effectively to increase stock price. The researchers didn't find Bots on Twitter spreading FUD. Did you make that up or can you reference and article and what social media platform where that was happening?
Now unfortunately Musk is accused of additional SEC violations. Seems he didn't report within 10 days after he acquired 5% of Twitter. Conveniently this let him acquire a larger share without the bump in price that occurred after he reported it.

If they didn't, they were not good at their jobs.

...And we wouldn't know if Elon had acquired any of Twitter without his reporting.

-Crissa

 

[Eye of Elon]

I expect TSLA could get into 900's upper 800's. The Shanghai factory shutdown is hurting Tesla, the longer the shutdown the worse it will be for the stock.

I hope so, i have cash to invest.