Endorsement Turns to More Drama: Will Protests Drive Tesla Below $200?
A movement against $Tesla Motors(TSLA)$ will take place on March 29 at 277 Tesla showrooms and Supercharger stations across the US. Initially targeting Musk's political activity, especially his close relationship with Trump and his role in "Department of Government Efficiency," the protests have turned violent.
Tesla stores have been shot at, cars burned, and Supercharger stations and owners' vehicles damaged. President Trump called these actions "domestic terrorism," and Attorney General Pam Bondi vowed to bring those responsible to justice.
The bulls' impact is so limited now?
The only notable Tesla bulls being Trump and his administration. U.S. Secretary of Commerce Howard Lutnick publicly urged people to "buy Tesla" stock during a television interview on Wednesday.
However, the bull seems to be causing more negative impact, making the public in the US and Europe dislike Tesla and Musk even more.
Record numbers of Tesla owners switching to other brands. Edmunds reports that after a peak in November 2022, Tesla’s new model purchases have significantly declined to the lowest levels since October 2022.
Scandal Everywhere: Hedge Funds Remain Cautious?
Since Trump’s election win in November 2022, hedge funds shorting Tesla have faced huge losses, totaling over $5 billion.
Short positions have dropped to 2.5% of Tesla’s public shares, far below the historical average of 23%. Kerry Goh of Kamet Capital Partners warns that shorting Tesla is risky due to its unpredictable price volatility.
How do you view the protests and political halo?
Will Tesla dip lower to $200?
What’s your target price?
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As for Tesla’s stock, I do think the political drama and shifting consumer sentiment are adding downward pressure. If the trend of owners switching brands continues and demand weakens further, a drop to $200 isn’t out of the question. That said, Tesla’s stock has always been volatile, and with such a dedicated retail investor base, it’s tough to predict a clear bottom.
Given the current uncertainty, I’d remain cautious and closely monitor how these events impact Tesla’s fundamentals before making any major moves.
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The only notable Tesla bulls being Trump and his administration. U.S. Secretary of Commerce Howard Lutnick publicly urged people to "buy Tesla" stock during a television interview on Wednesday.
However, the bull seems to be causing more negative impact, making the public in the US and Europe dislike Tesla and Musk even more.
How do you view the protests and political halo?
Will Tesla dip lower to $200?
What’s your target price?
空頭頭寸已降至特斯拉公衆股的2.5%，遠低於23%的歷史平均水平。Kamet Capital Partners的Kerry Goh警告稱，由於其不可預測的價格波動，做空特斯拉存在風險。
现在多头的影响就这么有限？
唯一值得注意的特斯拉多头是川普和他的政府。美国商务部长Howard Lutnick周三在接受电视采访时公开敦促人们“购买特斯拉”股票。
然而，牛市似乎正在造成更多负面影响，让美国和欧洲的公众更加不喜欢特斯拉和马斯克。
转向其他品牌的特斯拉车主数量创历史新高。Edmunds报告称，在2022年11月达到峰值后，特斯拉的新车型购买量已大幅下降至2022年10月以来的最低水平。