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eggman 🔵
@eggman.eth
So yeah, nobody likes tesla right now. But let's take a look at it anyway. First and foremost, TSLA is a meme stock. $2.3b net income in Q4 '24, valuation at $804b? Yeah nah. This is not a value buy. However, chart-wise, it's grabbed a hard support off the 200w and printed a hammer. RSI has so far put in higher lows and higher highs for about 2 years. The 300w is at $200 which has historically been a much better support for TSLA, but if the SPX opens green next week I'd be very surprised if TSLA didn't outperform - in the short-term, at least. If the SPX opens red, then TSLA might wind up making that trip to the 300w sooner rather than later.
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Maretus
@maretus
Tbh, I hope this mfer sinks to the depths of hell just to maybe teach him some hubris.
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eggman 🔵
@eggman.eth
funny as it'd be, reality is if it nuked from here it'd likely indicate a broader weakness in the market. Meaning my bitty and eth gets rekt way harder than elon's bags.
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Maretus
@maretus
Maybe. I think he may have alienated a large portion of his customer business. Something I’ve always been keenly aware of in my own career.
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eggman 🔵
@eggman.eth
Thing is, the customer base and revenues were never a selling point. The stock is so inflated compared to their revenues it’s basically boomer gamestop. Pure speculation asset tbh
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Maretus
@maretus
Yeah, I know. But if shit gets really bad, even boomers will take notice. Well, most of them. The die hard maga people are blind as shit.
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