Tesla faces longest losing streak in 15 years
Shares $TSLA have fallen for seven straight weeks, the longest decline since it went public.
Key reasons for the drop:
-Bank of America and Goldman Sachs cut target prices on $TSLAstock due to falling sales and market uncertainty
- Musk's political involvement and controversial statements negatively impact investor sentiment in the US and Europe
Optimistic view:
- Wedbush remains bullish and sees potential in robotaxis, humanoid robots and future innovation
If $TSLA does not deliver strong results or a new catalyst, the negative trend may continue.
I remain optimistic. I believe in Tesla and the stock should rise over the long term, so I'm buying.
To me, Tesla is just a regular car company and I don't count those Musk promises and visions as they won't deliver and those things won't happen anyway.
I'd look for -50% in profits compared to last year rather than what Musk is spouting somewhere or banks are "analyzing" behind the decline.
Currently, the price is in line with fundamentals and the stock is not as overvalued as it was at the end of last year, but the decline may still continue.
The situation is not ideal right now, but on the other hand, it's a very good opportunity and I'm buying in now.