Did I Miss Something?...

[Hydrogen]

Right but I'm still trying to grasp the price of Tesla and in comparison to maybe a Ford stock. There's a huge difference between the two prices and seemingly there are probably more Fords on the road than Teslas. Any thoughts?

The initial tesla spike began post cybertruck unveiling. Calculating the quantity of cybertruck preorders the total market cap of sales is measured in multiple billions of dollars. Later Elon Musk commented they would be unable to fulfill cybertruck demand in 5 years under optimum production conditions which drove their stock price higher.

Tesla is also opening a factory in china and has other side attractions going. Its a similar situation to toyota being credited with being 5 years ahead of its closest competition in developing and deploying hybrids like the prius. A high percentage of innovations and progress in the automotive industry come directly from tesla. There doesn't seem to be much competition from other automakers whom Elon Musk laughed at in the past for hiring many employees tesla previously fired.

Elon Musk/Tesla enjoy other less tangible advantages. Constructing cybertrucks out of the same durable and tough stainless steel as Space X's starship gives both corporations cost savings advantages that come via mass production in higher volumes. Tesla also seems to be aggressively pursuing battery technologies, which could give it further advantages in the future.

[1715200470]

1715200470

[1715200470]

1715200470

[KnightElite]

https://g.co/kgs/DjhD3Y
As usual any thoughts or comments are more than welcome.

As a company,Tesla still isn't profitable,their cars are still too expensive(even with tax breaks) and Tesla's Gigafactory(their battery factory) isn't completed yet,AFAIK.With that being sad,I think that Tesla stocks are in the middle of a price bubble,I can't understand all the hype around Tesla,despite all the "not-so-good" results this company has.Their stocks really look like an altcoin now and the price crash will be inevitable.

I think it is not a bubble, the gap up of the Tesla proves that there are many people who willing to buy the stocks. The price did not breakdown after the gap up and it is a good sign of healthy market. There is also a psychological support that can be considered as major support at $700. If the price did not breakdown then the buyers are still in control but we shouls not expect that it will go up more because the RSI is now indicating that the price is now overbought area where the pullbacks are happening.

[Kakmakr]

I think with all the hype of the Corona virus in China, investors shifted some of their capital in industries that are not situated in China and also industries that are manufacturing the same products.

The correction in the price is indicative of the hype going down and investors realising that the impact of the Corona virus is not as bad as everyone had anticipated. Bitcoin have even seen a boost in the price, because people were looking for assets or commodities with a store of value or safe haven characteristics.

The sheep in the markets will follow the hype and the price movement and it usually triggers a predictable panic cycle like this. The wise investor will ride it out and even buy more shares at a cheaper price when this happens.  

[Kelvinid]

I hope this is not played by whales. TSLA is a new coin and yet performing such market trend it eventually surprise us and to the investors as well.
If this trend will stick for a few more weeks, it gives no doubt that this coin will have a better future and may investors will put their money at risk. May this time is quite unusual but who knows exactly if this coin will compete with the others. 

[TitanGEL]

https://g.co/kgs/DjhD3Y
As usual any thoughts or comments are more than welcome.

As a company,Tesla still isn't profitable,their cars are still too expensive(even with tax breaks) and Tesla's Gigafactory(their battery factory) isn't completed yet,AFAIK.With that being sad,I think that Tesla stocks are in the middle of a price bubble,I can't understand all the hype around Tesla,despite all the "not-so-good" results this company has.Their stocks really look like an altcoin now and the price crash will be inevitable.

I think it is not a bubble, the gap up of the Tesla proves that there are many people who willing to buy the stocks. The price did not breakdown after the gap up and it is a good sign of healthy market. There is also a psychological support that can be considered as major support at $700. If the price did not breakdown then the buyers are still in control but we shouls not expect that it will go up more because the RSI is now indicating that the price is now overbought area where the pullbacks are happening.

It is true that the price of tesla gap up when the market opens on Feb 04,2020 but the wick is so long that indicating that there is a major resistance near $1000. At the second day, the price reset at its support and the body of the candle is a long red that indicating that the sellers overcome the buyers. It is not a bubble I think because there i no parabolic moves that happen. And also look at the volume because it only indicating that there are many traders who willing to buy and sell TSLA.