The Long Investor
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$TSLA TOP 20
🕑 Added 2025-02-09 19:29:07 +0000 UTCThis could be a very interesting week for $TSLA, price continues to make a lower low as reports circulated this week that demand for $TSLA cars have been declining quite heavily in Europe across almost all countries.
It wasn't pleasant reading for those that like $TSLA right now.
That being said, there is still a lot to be hopeful with $TSLA over the next 3-5 years, particularly how they plan to scale their robotics arm of $TSLA.
So on the chart, big test coming up on the 0.38 Fib at $355 and if this level is not held then the 0.5 Fib will be needed at $314.....either level is perfectly fine to hold for a Wave 4 pull back.
Losing $314 and there will be weakness I believe
So watch for a hold of support on $355, followed by a bounce and breakout above the yellow resistance line, something I will share if this is tested this week.
So far this potential Wave 3 and Wave 4 have been incredibly standard.
Comments
niorthey
I do not live in Europe but deal with a lot of Europeans and the image of Elon is tarnished and they will make a point in not buying Tesla. The European market is small potato for Tesla but my view is that they are falling behind Chinese EV in China and it will be interesting to see the evolution of Tesla sales in California. The interest of Elon in Open AI will be put the same pressure on the share price as during his purchase of Twitter. At the end of the day, the share price increased significantly as a result of the US presidential election (despite disappointing sales and financial performance) and now it will revert back down. Just my opinion :-)
raja sekhar
Will it go to 280$ :(
TommyJR
Not a huge believer in anecdotes like this (just my opinion) - the people that care about these things probably werent buying a TSLA anyway - the EU Tarriffs which are mainly hitting Chinese cars will be a win for TSLA once the new model ramps up
Chris H
Not just produced in china. Tesla produces their cars in China USA Europe They have one of the best factory set ups to withstand tariffs IMO
Chris H
Nibbled a bit here. I think the weakness in sales is because of the transition to the new Model Y. A few twitter accounts are suggesting that ALL Tesla factories are now running the new model, and china has already removed the old model Y from order availability. I’ve never seen a car company run out of inventory so fast. It’s likely due to reduced production for the changeover. Just my 2c here
HS
Yes - just read up on this too!
Bjoern Szymkowiak
Not really as they are being produced in China.
niorthey
Also, it is going to be interesting to see how California sales evolve and if there will be some type of boycott as well overthere.
niorthey
The January sales of Tesla in Europe were done 35+% across all countries. I do not believe this is a bump in the road but the beginning of a trend that will last for quite some time. Many are upset at Trump in Europe and will no longer purchase Tesla cars.
HS
China announced new tariffs US vehicles - this should impact Tesla
