Have been waiting to short Tesla. The earnings report confirms my views that Tesla profits has been dropping to fight for market share. Cheaper car model is still going to fight on assumption of lesser profit margins. Although cost cutting can reduce the costs, it doesn't negate the fact that Tesla is currently in a state of price war. FSD and autonomous driving has been flogged for donkey years. leadership in ev and autonomous driving has been slipping away while Elon musk is distracted.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 6.10 1Lot(s) | -13.93% Holding |
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