What's in store for Monday, Jan 2 when deliveries are announced and will we see pretty significant +/- momentum leading up to Jan 25 earnings?
Q4 deliveries are estimated to be 429,000, but with the China giga shut-down, are we expecting a big miss or will general demand and the Berlin and Austin giga ramp-up help with a beat? Even if they meet target, that would still be up 43% or so from 2021. Growth and demand is expected to slow in 2023, without a doubt, but I believe the $7500 discount was to drive some sales before year-end in anticipation of the $7500 EV tax credit available next year, rather than a severe plunge in demand.
During the Q3 earnings call, Musk expects an epic and record-breaking Q4. Is this as believable as Musk not selling any more shares
I am not good at reading tea-leaves and drawing magical lines like many others. But it seems there could be a massive run up or draw down in the coming weeks, even if it is short-term.
Buy or Sell?
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