Source: Google
Demand concerns
Ken aka Chicken Genius Singapore explains the bear case for Tesla nicely in his video. Basically, in a weak economic environment, Tesla might start to face weak demand. Q3 deliveries, shrinking backlog and reduced wait times in China supports this line of thought.
Tesla (TSLA) stock has turned down sharply over the past week and is down around -40% YTD. Sentiment has turned strongly bearish after Tesla reported dismal Q3 production and delivery numbers way below market expectations. Will TSLA continue on its downward trend or rebound higher soon?