140 percent more with Tesla shorting since October. But what ultimately triggered the crash? The price war in China plays an important role.
Big discounts from electric-car rivals BMW and Mercedes and a wave of new cars from Nio and BYD are hurting Tesla more than optimists had hoped. Reuters reported yesterday that Tesla is reducing production at its Shanghai factory between January 20 and 31, apparently to coincide with the Chinese New Year. Also, Nio has warned and apparently has trouble selling his cars (at high prices).
As recently in the SHAREHOLDER Hot stock report reported, BMW also relies on competitive prices for the China electric 3 Series i3 (image). According to Chinese media, individual retailers gave a whopping 30% off the retail price of around 47,600 euros in November. Mercedes electric cars would also need to be 20% cheaper to win new customers.
This leaves the im Deposit 2030 including Tesla’s short (see chart) soars 140 percent into the plus.
BYD surpasses Tesla
The BYD “China-Tesla”, which is offered with a subsidy of about $15,000, is very inexpensive for small cars. Tesla has no objection here with its expensive cars. Hapless investor and fund manager Gary Black is now demanding in a new tweet that Tesla-China should also target the mass market with a car under $30,000 “to compete with BYD.” Tesla in the West. And most importantly, “Elon Musk needs to find a serious CEO to run Twitter.”
To stop $TSLA share decline, three things need to happen:
1/ Elon needs to hire a credible social media CEO to run TWTR
2/ TSLA IR must demonstrate TSLA brand equity was not harmed by TWTR noise (4Q vols Jan 2)
3/ TSLA China needs mass market <$30K EV to compete with BYD— Gary Black (@garyblack00) December 27, 2022
Many Tesla bulls are complaining that Elon Musk cares too much about his “new baby” Twitter. In fact, he places another allusion to the fact that the revelations in the Twitter files, according to which the platform would have censored criticism of the government at the request of state institutions, are ignored by the mainstream media.
— Elon Musk (@elonmusk) December 28, 2022
But as discussed on AKTIONÄR TV, it’s not the Twitter entry, but rather the high rating and growing competition that are leading to Tesla’s price drop.
Tesla short and prospects for 2023
Surprising statement from the top analyst
Important: In the current issue of AKTIONÄR Hot Stock Report there is exclusive information after contact with the nice contrarian Gordon Johnson. He tells us where he sees demand per quarter in Tesla. Also exclusively in the report: an incredible estimate of Tesla sales by Prof. Dudenhöffer. This changes everything for the story of Tesla. Just unlock it here and find out more about the next 100% chance.
“Very good in a difficult year”
Knowing this, there are great opportunities in the stock market. One happy reader writes: “I’ve been a reader of HSR for two years. Once again we have been guided very well and carefully in a difficult year. Thanks to you I went short (on Tesla) for the first time and I have to say it’s more fun than I expected.”
After Tesla: a new opportunity
We build on that. There are still many long possibilities in the current report, and we are also preparing an exciting new short speculation very similar to the Tesla bet. Unlock now and be one step faster in 2023 – there’s one this year last percent share for 15 percent HSR.
