Tesla (TSLA) is in TROUBLE! Experts Say Elon Musk is DISTRACTED - Stock Update!
Chris Johnson discusses the current state of Tesla, highlighting the fundamental and price challenges the company is facing, including competition, slowing demand, and missed earnings expectations. Chris suggests that these factors, combined with institutional ownership drop and Wall Street analysts backing away from the stock, indicate a bearish trend for Tesla, with a potential downside target of $100.
[00:00]( • Tesla (TSLA) is in TROUBLE! Experts S... ) The video discusses the reasons behind changing the rule of not shorting Tesla stock and highlights the fundamental picture and price chart of the company.
The rule of not shorting Tesla has changed due to the fundamental analysis and price chart.
The competition from automakers like GM and Ford has put pressure on Tesla.
The video advises focusing on what is driving the stock price rather than the headlines.
[02:15]( • Tesla (TSLA) is in TROUBLE! Experts S... ) Tesla is facing pressure from competitors and a tightening market for EVs, resulting in missed earnings expectations and flat revenue growth.
Ford's backing away from their hot EV product, similar to what happened to Tesla years ago.
Tesla no longer owns the market as there is increased competition and a decrease in tailwinds like tax credits and international growth.
Tesla has missed earnings expectations in the last two quarters and has experienced flat revenue growth over the past five quarters.
[04:31]( • Tesla (TSLA) is in TROUBLE! Experts S... ) Short interest in Tesla is increasing, indicating more people are betting against the stock, and Wall Street analysts are backing away from it.
Short interest in Tesla has increased by 8%.
Short interest ratio is still low, around 1.
Wall Street analysts have been defending the stock, but now they are downgrading it.
Lowered price targets from Wall Street may drive more sellers into the market.
[06:46]( • Tesla (TSLA) is in TROUBLE! Experts S... ) The trend for Tesla stock is currently down, with resistance expected at $200 and the 200-day moving average indicating a death cross.
Pessimism is prevailing towards Tesla stock.
The 20-day moving average is not expected to have much impact.
The long-term trend for Tesla is in a bear market, with the 20-month moving average as the line of demarcation.
Breaking below the 20-month moving average usually leads to further decline in share prices.
[09:03]( • Tesla (TSLA) is in TROUBLE! Experts S... ) Chris believes that Tesla's stock price may continue to decline, potentially reaching $100 within the next 6 to 12 months.
The fundamentals of Tesla have been slowing down due to market tightening and increased competition.
Institutional ownership of Tesla has decreased, and Wall Street is backing away from the stock.
Chris predicts that if Tesla's stock price breaks below $175, it could quickly drop to $150 and potentially reach $100 in the future.
The possibility of disappointing numbers in the upcoming earnings report may further contribute to the downward trend.
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