Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Sentiment Is Turning Against Elon Musk

Published 05/19/2022, 11:54 AM
Updated 07/09/2023, 06:31 AM

I noticed the top-trending item on Twitter (NYSE:TWTR) yesterday were the words “Poor Elon.“ Today, the top one is “Mike Lindell,” which actually has nothing to do with the pillow guy, but is essentially saying Tesla CEO Elon Musk is the new Mike Lindell. Suffice it to say that sentiment against the guy is pretty hard now, which tells the contrarian in me, that Tesla (NASDAQ:TSLA) is probably ready to get some strength from these levels, with $700 being ferociously defended.

Tesla Chart.

I think I’m something like 10 for 10 on Tesla calls this year, so let’s see if I score another one. I will say, however, I think TSLA is going to be in for another one of the multi-year slogs similar to what I’ve tinted in green below.

Long-Term Tesla Chart.

 

Latest comments

Elon for Prez
Twitter is loaded with left wingers and search results are manipulated.... not to mention it's loaded with bots. Twitter is not even close to reality. I say this as a consistent and admiring reader of your articles. My comments are few and far between but this needed pointing out.
CSGreer, the W.H.O. is now set to protect us from bots and misinformation. We think alike. Tim is hilarious! Check out the W.H.O. story. Have a great one!
 Will do. haha
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.