Calling the top on $TSLA. Change my mind

  1. Sales. Tesla sales are down, and I think they will keep falling. There’s no EV winter, Ford etc. are doing fine. People are buying EVs, just not Teslas.

  2. Leadership. Musk has spread himself too thinly. Spends his days tweeting random conspiracies, aside from running idk how many side companies. Seems he has shiny object syndrome and clearly the attention isn’t on Tesla right now.

  3. Competition. Chinese EVs are better. Cheaper. He said it himself. Americans will eventually catch on and shift to those.

  4. Regulations. Trump gets elected, he will favor fuel/hybrids. He could’ve made Biden-Harris his allies as they clearly care more about climate change, EV stuff - but he’s alienated them more than ever.

He’s also alienated his core customer base (climate conscious left-wing folks, right wing folks mostly think EVs are gay)

  1. His public (mis)behavior. Going on full jousts with the biggest western governments while cozying up with the dictatorships (Saudi, Turkey) won’t serve him. His lack of content moderation and refusal to cooperate with the world’s largest govs can cost him big. See Pavel Durov’s current situation.

  2. Stock price. Tesla is overbought. Has been for a while. Was fine when it was seen as the highest growth EV contender, but its subsiding with competition. He’s been pushing for it to be valued as an AI company but it’s not happening. The $56bn payout that was just approved shows he probably thought that money was more productive out the company versus reinvested.

  3. X is bleeding cash. He’ll probably sell some $TSLA stock to reinject money into it since he’s not letting it go bankrupt and most likely won’t sell it either.

Based on the above. I call a top. Thoughts?