Tesla: Squeezing The Competition (Rating Downgrade)


  • Tesla, Inc. bears received a shock as the stock skyrocketed 80% from its January lows to last week’s highs, leaving them scrambling to cover their shorts.
  • Elon Musk has gone on the offensive, using Tesla’s unparalleled profitability to dominate the EV “Hunger Games” and leave rivals gasping for air.
  • Tesla targets even lower costs in 2023, fueling speculation of further price cuts to decimate its competition and solidify its dominance.”

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Dimitrios Kambouris

Tesla, Inc. (NASDAQ:TSLA) stock’s rapid recovery from its early January malaise has likely stunned the TSLA bears. Accordingly, TSLA recovered nearly 80% from its January lows through its highs last week, likely sending late short-sellers

TSLA price chart (weekly)

TSLA price chart (weekly) (TradingView)

Disclosure: I/we have a beneficial long position in the shares of F, TSLA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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