This is the insanity that the $TSLA bulls are building on…

This is the insanity that the $TSLA bulls are building on. Global auto OEM factories average 250,000/units annually. Right now Tesla has 2 factories, and is targeting 500,000 deliveries in 2020. t.co/NhcCBG8QfF

— Diogenes (@WallStCynic) July 24, 2020

$TSLA still holding up above PLL zone. Watch it! If it breaks below it, it will go for dMA50. pic.twitter.com/XfcrzpapwH

— Hoz (@Hoz94s) July 24, 2020

The recent price hikes in tesla stock had nothing to do with fundamentals. Tesla hasn’t produced more than last year, they haven’t sold more than last year and haven’t gained more than last year. The only reason the price is where it is, is due to cult like price speculation.

It makes zero sense for tesla to be worth more than several car companies combined. They produce only a fraction amount of cars and there is no evidence proving that they will keep this demand up. Toyota has 12x the revenue that tesla has and yet tesla is worth 30% more? How does this make any sense at all.

I am warning you tesla share holders, once the negative news comes rolling in this stock will easily fall back to 500$ per share. Nobody will buy expensive cars during a recession. There is a lot of blood that will be spilled once the hype is over. Brace yourselves.

Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.