TSLA π NVDA π
Posted: Jun 29, 2024
- OP believes Tesla ($TSLA) could reach $250 before August for several reasons - Historical performance of QQQ in July suggests bullish momentum could influence Tesla's price movement - Recent surge in NVIDIA's stock may lead to capital rotation, with investors seeking opportunities in other tech stocks like Tesla - Anticipation of Tesla's robotaxi event, developments with Tesla Optimus, and positive earnings report could lead to substantial buying pressure - OP has been trading for a short time with $500, growing it quickly with NVIDIA puts and Tesla calls.
π¨ Reddit sentiment: mixed - Comments include both positive and negative views on TSLA, with some users being highly skeptical while others are optimistic about its future. NVDA is mentioned mostly in a positive light but in a less significant number compared to TSLA. Summarized comments: - July 2nd theyβll miss delivery numbers and moon because itβs Tesla - Investors are holding TSLA and NVDA long term with hopes for growth - Tesla is close to breaking out of a 12-month downtrend relative to SPY with strong support - Some users are bearish on TSLA due to poor consumer spending, job cuts, and skepticism about production numbers - One user shifted investment from NVDA to TSLA - NVDA has been profitable for some users but TSLA seems like the next opportunity - Some believe TSLA will continue to pump despite logical market concerns - Criticism of Tesla's performance, quality, management, and competition from Rivian Stock tickers discussed: $TSLA, $NVDA
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