The_Rational_Investor

TSLA - Starting the new slide down

Short
NASDAQ:TSLA   Tesla
How do you drive an electric car, when you are running low of electricity to charge with?

How do you differentiate in a market where competition starts to grow significantly with new players joining the game with little or no difference to your previous competitive edge?

How do you foresee a challenge from an unexpected quarter - Hydrogen?


These are the three key questions that Tesla bulls will need to answer. Tesla recovered from the 600s as projected, but now it will start a new downtrend as part of the 5th elliot wave.

Influencing factors are Electricity availability, Increasing competition from the likes of Hyundai, Tatas, Volkswagen, and finally, Toyota and Honda will aggressively push the hydrogen technology, and the Gulf countries will adopt H2 based transportation actively, as they see it as a future revenue generator replacing the O&G industry.

I am going short on Tesla. Options are a good way to play this ticker.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.