TSLA
📉 The host highlights a correlation between falling used Tesla car prices on CarGurus and Tesla’s stock performance.
📊 Used Tesla prices have reportedly declined over the past 30 days, presented as a leading indicator for the stock’s direction.
🔮 This specific, albeit unconventional, indicator suggests a bearish outlook for Tesla’s stock price based on the host’s interpretation.
@bernardodegarcia:
“CarGurus Tesla Prices. If you want to see, look, over the last 30 days, they have fallen. If you want to know where Tesla’s stock prices are going to go, take a look at this graph; it doesn’t fail. It doesn’t fail. Since November 2024… go much further back. Go much further back. From here, for example. Okay. Set date, update chart. There you see it. Well, more or less year-over-year, 1.1, such. This is effectively still falling if we look at it a bit more short-term, but anyway.”
Watch the exact part of the video where @bernardodegarcia talks about Tesla here:
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