Is $TSLA going to 600.00?

[TruckElectric]

I pulled the trigger at $740.

Not a bad price. Someone else posted a few days ago they bought some at around $900.00

Somehow though I don't think this market crash is over just yet.......

 

[TK0384]

600 is cheap, I'd buy as much as I can at that price (Bought some at 790 or so and I don't feel bad about that at all)

 

[cybguy]

Do you?

Depends on how much he keeps talking about Twitter. The drop in production at Shanghai last month isn't going to change.

 

[TruckElectric]

2.5 million Tesla EVs next year if LFP and Li Cd Ni can be had.
All based on
Panasonic Holdings plans on building a new plant in the U.S. and on the profitability of new lithium-ion batteries to be made at its plant in Japan's Wakayama.

Tesla Analyst Contradicts Elon Musk On China Lockdown Impact: 'Giga Shanghai Ramp-Up Unlikely Until June'
Shanthi Rexaline - 14h ago

The key to Tesla, Inc. (NASDAQ: TSLA) hitting its sales target for the year is the speedy ramp of Giga Shanghai, which faced disruptions from COVID-19 lockdowns in China. It now appears the company may take longer than previously expected to return to business as usual.

What Happened: Significant improvement in production activity at Giga Shanghai is unlikely until June, prominent analyst Ming-Chi Kuo of TFI Securities said in a series of tweets. This could mean a slower ramp than the mid-May timeline, as reported by several media outlets.

The view is based on consensus opinions from different industries, the analyst said.

He noted that after reopening on April 18, Giga Shanghai has been grappling with unstable production, pointing to challenges in the supply chain and logistics.

Tesla has reportedly halted production at Giga Shanghai due to supply issues. Kuo said this would be temporary and the company hasn't yet moved orders from its Shanghai plant to other factories since the lockdown began.

Why It's Important: Production disruptions are taking a toll on Tesla's China performance, as was evident from April's anemic sales. The company on April 18 emerged from a three-week shutdown and began operating under a "closed-loop system."

Tesla CEO Elon Musk, however, has downplayed these concerns and said China would account for roughly 25%-30% of Tesla's overall market. He said that there would be no new factory coming up near the existing one in Shanghai, but instead, there would be a capacity boost.

Price Action: Tesla shares closed Tuesday's session up 1.64% at $800.04, according to BenzingaPro data.

https://www.msn.com/en-us/money/new...pc=U531&cvid=de19a383a03f4af8aec82f227b437679

 

[TruckElectric]

Violinist Chen Shunping took his own life after he was refused hospital treatment due to Shanghai’s strict Covid restrictions

https://www.thestrad.com/news/shang...d-ongoing-lockdown-restrictions/14765.article

 

[TruckElectric]

 

[John K]

Since when is $750 the same, or close to, $600? I have heard of people grossly rounding up or down but come on...

Personally I would like it to stop and go back up. All of this Twitter, and Russia, and talk of moving Twitter elsewhere because San Francisco is so progressive (as though moving to Austin wouldn't just go the other way, or that the location determines the mindset of the company's algorithms) adversely affecting the stock price is kind of scary. Nothing about their production figures, diversity, etc. Just FUD.

I will round down to buy at 600 and round up to sell at 900. ? Any takers?

 

[John K]

Maybe hold off buying on margin tomorrow. Just a suggestion

 

[BillyGee]

Buy and hold. Weather the storm. Support what you believe in and die like men.

 

[Ogre]

Maybe hold off buying on margin tomorrow. Just a suggestion

Little edit…

I’m not a big fan of margin. I use other types of leverage, but if the stock price drops to $400/ share in a market panic, I won’t be forced to sell.

Don’t invest money you don’t have.

 

[jerhenderson]

I seriously doubt that. Why? Supply chain issues will linger for the rest of this year.

those haven't hit Tesla like they've hit everyone else. no... this drop is FUD, Ukraine and covid... and for the dumbest 'reason'- Twitter.

 

[Ogre]

those haven't hit Tesla like they've hit everyone else. no... this drop is FUD, Ukraine and covid... and for the dumbest 'reason'- Twitter.

I think the bigger concerns are around inflation.

https://markets.businessinsider.com...tion-data-may-weigh-on-wall-street-1031448144

In particular, Toyota said they were struggling with “Unprecedented” Inflation from suppliers.

https://www.autoblog.com/2022/05/11/toyota-profits-warn-decline-raw-materials/

 

[TruckElectric]

those haven't hit Tesla like they've hit everyone else.

LOL Oh really now? And where do you get this information? Hmmmm?

no... this drop is FUD

WRONG! And you have no clue what you're talking about.

 

[Quicksilver]

If I had anything to liquidate I would do it and buy in the dip.

 

[TruckElectric]

I think the bigger concerns are around inflation.

No doubt. BUT, supply chain issues are still a problem and will be for months to come.