Part 2/6:
Danny Moses, a trader with a history of shorting Tesla since 2015, provided his insights during a recent commentary. Despite his previous reservations, Moses is not currently betting against Tesla. His initial skepticism emerged after the contentious SolarCity acquisition in late 2016. Over the years, Moses has traded Tesla stock intermittently, reflecting the stock's fluctuating fundamentals.
Earlier this year, Tesla's stock was trading in the vicinity of $140-$150 following disappointing quarterly results. The company’s performance took a significant turn when Elon Musk sought regulatory relief in China, a move that bizarrely aligned with Donald Trump's agenda, thereby shifting the narrative from non-fundamental to a more technical analysis.