According to Chicken genius, not yet.
According to Leo’s statement, probably not.
I didn’t bother to check anything, since you ask, I notice volume is too low to be considered as capitulation. Btw, that statement doesn’t amount to saying TSLA has bottomed or not.
What does doing the same and analysis mean? I didn’t do any analysis. I added (funded by selling other stocks) only because it has dropped sharply. The buy has increased my avg purchase price.
LT investor (billionaire) buys even though his ST outlook is bearish. Hard for traders (millionaires) to understand. Is why one is billionaire, the others are millionaires
It is not random, but very calculative and sensitive to revenue and income. If the same happens to AAPL or MSFT or any other company, similar issue for their stock price.
Two biggest essential expenses are Home and Car in USA. When lay off starts and economy tanks, both will dip.
TSLA, even though good quality car, will get affected by sales when rate hike environment. This trend has been established in reduced sales recently. When worldwide recession is going through, all over world car sales gets affected.
The reverse sales trend will reduce the growth part of TSLA’s shares priced in and it is not good for current buyers as they can get TSLA at a discount price (may be your expected price $400) at a later time.
A simple understanding the basic concept will help reward the intelligent investor rather than blind investment.
BTW: I understand you won’t agree. Since you try to establish wrong concept (=> Outcome is random), I am writing this as it will mislead others.
FSD is very expensive, $15000 extra for each car and it is still in early stages. When we bought TSLA, we left FSD as it is over head luxury (as of now).
It may take many years or more years to establish well written practically workable FSD. Meanwhile, you will have competition from GOOG (waze & waymo) and others.
Still TSLA is good company, will survive longer, but the point of entry is the only issue which limits investment growth.
Let FED stop raising rates first, without which economy or stocks won’t go up.
Right now is a perfect entry point if you don’t own any. You don’t know when the exact bottom is (or has happened already). Downside is very limited at this point. Upside is limitless.