Be super careful these are headwinds that will absolutely effect Tesla’s profitability it’s just a matter of by how much 1. Their federal tax credit has expired all other car companies can basically give a $7500 discount on their EVs except for GM who’s credits have also expired 2. Tesla makes the most profit from premium models the S and X. This year many premium EVs will eat the sales of these now outdated models Porsche Taycan, Ford Mustang, Audi Etron, Hummer, Jaguar Ipace just to name the big companies as well as independents like Rivian, NIO ect all looking to swipe premium sales. 3. Be warned of the numbers take a good look at how Tesla prints numbers they do not include warranty claims and have been accused many times of cooking the books. All other manufacturers include warranty. Many many executive have left their team in the past two years from the accounting department where there is smoke there is usually fire. 4. Car sales across the board seem to be falling from all manufactures this is a warning sign of the economy but also people are driving cars for longer. Cars are in general much better made these days. 5. They are way behind in AI technology GM, Waymo, Argo just to name a few are way more advanced in AI tech 6. Corona virus is a real threat to expansion plans in China they say car sales have dropped 95% already. Not to mention supply chain problems for all manufacturers. FYI I wouldn’t dare short Tesla so I’m not a big bear on them as I think the market is completely illogical on their valuation of Tesla products. However you could get your faced ripped off trying to call this company. As another said swing trade them for safety. Way less risky!
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