Why I'm Cancelling my Model Y & Thinking of Selling my Tesla Stock

1 year ago
6

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⚠️Cancelling my Tesla Model Y and Tesla Stock Issues⚠️
Should I sell my Tesla stock? That’s a big question I have right now. I personally cancelled a discretionary Model Y purchase ordered on March 5th to preserve cash and look for more investment opportunities. I’m unfortunately not sure though that Tesla stock will continue to be one of those opportunities. I feel tempted to sell some Tesla shares and get in on potential bounce back stocks, like the cruise lines or other stay-at-home stocks along with potential bounce back stocks. I might just keep my Tesla holdings and put new money into other stocks, but I don’t believe Tesla is going to experience a solid bounce back - it’ll be a long-term hold - which begs the question: is it going to be better to bet on the bounce back stocks, especially as Tesla is withholding guidance they usually give - especially related to gross vehicle margin and production details including Model Y vs Model 3 production AND Chinese vs US production of Teslas. This looks like a bad indicator so far.

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