And then the last one, plenty, is Tesla. Now, for Tesla, it's a little bit different. We're at a very nice and steady uptrend, right? Really nice and steady uptrend. So, what does that mean?
Right, where but do you do we go long? The other ones were long. Well, in this case, I'm looking potentially, right? Potentially at a short position.
Returning to the graphs, let's take a look at Tesla. Tesla had a great day yesterday after the CyberCube show in Austin, but we've completely reversed that move and we're now at a lower level.
The question now is, why did this happen? There is a very simple answer. The reason is that the automated taxi is under investigation. Isn't that so? Automated taxis are being investigated because they do not actually have a steering wheel .
Isn't that so? The National Highway Traffic Safety Administration has opened an investigation into CyberCab's compliance with federal safety standards. But there are no manual controls inside these vehicles.
So, let's suppose, God forbid, something bad happens and you need to intervene and take control of the car , you will be at the mercy of the car in practice and you will not be able to do anything manually.
Isn't that so? There are buttons and means to stop the car in emergencies, but there is no way to manually control a vehicle that may go off course. Isn't that so? So we can see that reflected in Tesla's stock price today.
But Tesla has started to break and test this upward trend line . However, I expect a rebound in Tesla stock at this level around 330. Any sell-off I anticipate in Tesla will be relatively short-term, as Tesla is still very far from its highs .
The stock is still down about 20 % from its peak in May.