$Tesla Motors(TSLA)$ Xiaomi and BYD are coming out with their competing models with Tesla's model Y. Tesla sales are falling and after their Q2 results releases in Jul, it would likely show lower sales. Prices are too competitive and likely Xiaomi and BYD will become the Toyotas of EVs. I wonder when China stocks will start to make a turn. Since Tesla is seriously looking to lack lustre without and breaking news.
$Tesla Motors(TSLA)$ Tesla has launched its robotaxi test in Austin last sunday and that caused a spurt in the stock price. Expectations were that the robotaxis will perform as good or even better than Waymo or Zoox but so far with its pure vision cameras it has proven not on par and perhaps lidar is the way to go since it removes the complications of post processing of depth and avoid complications with poor vision. Lidar systems has been well proven not only in US but China as well with Apollo, Pony and Weride. Sales of Tesla cars are reducing in China and EU and even at home in US. Whereas EV car companies like BYD is dominating due to their low prices and penetrating into even EU. Claims o
$NVIDIA Corp(NVDA)$ There are always opportunities in the stock market and there is never one opportunity. The magnificent 7 offered opportunities over the last decade for those who got on the wagon. Those who bought NVDA few years ago near 200 probably also sold when it doubled at 400. Those who held on although now at 1000+ but provably also missed out other opportunities like Pltr when is was <$5. The stock market is like a forest don't miss the other trees for one tree.
Likely a strong pull back will occur since there is no significant news fueling the bull run. The stock is being brought high from some institutes doing portfolio adjustments. Those who has bought earlier and suffered the correction post early Q1 results will likely sell off from yesterday's small bull run.
$Palantir Technologies Inc.(PLTR)$ Currently over priced. Market was betting on exceptional stella results but earning was as per expected very good but not superb which was demonstrated but the correction back down. Still overvalued comparing earnings vs stock price, albeit a great company with excellent growth. I still hold on to the belief that it is difficult to scale today with current products due to the niche industry that can adopt this technology, complexity of implementation and high cost. Waiting for a new mass market product from pltr.
$Tesla Motors(TSLA)$ Likely to remain bearish until earning improves. Upcoming earning report today will likely continue to not be good which is already priced in. If it goes really bad there will be further correction anticipated. Buy some now for long term investors and DCA into the dip, for short term better to wait.
$Tesla Motors(TSLA)$ Tesla has yet to present any significant news other than robotaxi on 08Aug which is going to likely be a proof of concept until regulators give a thumbs up for mass use. Best case will be a localised use short term which is not going to improve earnings by large margins. Large fluctuations are likely caused by traders and foresee that this will trade side ways for awhile until the overall market becomes extreme bullish again.
$Tesla Motors(TSLA)$ Robotaxi on 8th Aug is likely going to push prices up but not back to the the all time highs near 400. Demonstrating a working prototype of Robotaxi is not something new and companies in US I.e Waymo and especially in China I.e. DIDI, BAIDU and many more, have already implemented their versions of Robotaxi. In spite of these, I still believe TSLA is on the path towards a truly scalable Robotaxi, with software that can be deployed in every Tesla EV and also in all road conditions, unlike its competitors who still depend on very expensive sensors setup and intensive mapping. Challenges foreseen will be the reliable of the proof of concept of their version of Robotaxi over competitors a