April 26, 2023 Although I am not a professional auto analyst, and this is in no way investment advice, I continue to believe the Auto Sector, of GM ( ), F( ) and TSLA ( ) could be a sink hole for investors in 2023. On Tuesday, General Motors (GM) reported an 18.5 percent drop…… Continue reading Still Negative on the Auto Sector
Tag: TSLA
Problems in Auto-Land?
April 20, 2023 After the close of the stock market on Wednesday, Tesla Motors (TSLA) reported disappointing Sales and Earnings numbers for the most recent quarter, and the stock looks to open, at a new 6 month low today. On the back of this disappointing earning reports, many of the major brokerage and investment firms…… Continue reading Problems in Auto-Land?
Have we Reached Bottom?
Usually, after a panic sell off like the selling we saw on both Friday and Monday, the market could have a substantial snap back rally to scare the short sellers. However, I still see that the usual jump in volatility that usually occurs with temporary bottoms, has not happened yet. Also, I am very concerned…… Continue reading Have we Reached Bottom?
Musk to cut TSLA staff by 10%!
A day after issuing his extraordinary demand that all TSLA employees must be in the office at least 40 hours per week, or be fired, Elon Musk announces an immediate “hiring freeze” and a 10% reduction in staff. That is, almost 10,000 employees are going to be terminated soon. Although I am not a fan…… Continue reading Musk to cut TSLA staff by 10%!
AAPL & TSLA Warning Signs?
Two of the stock market’s major leaders, Apple (AAPL) and Tesla (TSLA) are close to flashing major technical SELL signals, when their 50 day Moving Average crosses below the 200 day moving average. The so-called “death cross.” Of course, like all technical indicators, the “death cross” and it’s opposite technical indicator, the “golden cross” are…… Continue reading AAPL & TSLA Warning Signs?
SNAP Stock Leads Market Down
Shares of SNAP ($22) fell sharply Tuesday after slashing forward looking earnings outlook, citing deteriorating microeconomic climate. Selling spilled over to related stocks, like FB, ROKY and TTD which also depend on online advertising revenue. These concerns could also hurt TWTR ($36) the object of Elon Musk’s leveraged takeover bid at $54.20/share. With the stock…… Continue reading SNAP Stock Leads Market Down