BUY or PANIC? - Tesla Stock DROPS on Q4 deliveries
Overall SentimentMixedStrength: 55%
Overall Thesis
Bhakdi says the Q1 correction he warned about is playing out with Tesla dropping from $480 on Q4 delivery disappointment, technically showing a double top, and possibly heading to $360 before a likely sharp bounce, while reaffirming his fundamental case that Tesla can reach $1,000 in 2025.
Narratives
TSLATesla
MixedShort-term Tesla looks technically weak with a double top pattern and could fall to $360, but the long-term fundamental bull case targeting $1,000 in 2025 remains intact.
Key Arguments
- Tesla formed a double top around $480 and has been rejected twice.
- Q1 weakness was forecasted and is playing out now.
- Fundamentals remain very bullish heading into the year.
- Tactical traders should be cautious short-term and avoid short puts.
Predictions (1)
BearTarget: $360Q1 2025
hitDetails
Analyzed with manual_claude_session | Extraction manual_v1 | Cost: —