Bloomberg has a tracking Tesla 3 page online. It is the first time (not at the end of the quarter) that Tesla will produce more that 5000 vechiles per week. Here is how things will go. The negative news for the sector, I estimate, will persist for another six months for sure, until the number of EV for 2018 is finally confirmed. Most retail investors can not comprehend the impact of Tesla 3 yet. But imagine with 40K AUD, you can buy a car that is more comfortable, more fashionable and costs one-third in ongoing maintainance than an Audi, a BMW or entry level Merc. The damage of Tesla 3 will do to the likes of Ford, Chrysler and GM is beyond our imagination. Remember the sabotage of Tesla production etc. That is why the German car makers are securing battery supply and moving very quickly into EVs. By the time Tesla builds its production plant in Shanghai, it is time to short the whole tranditional auto makers in US and make a huge profit.
The investment banks missed the Li boat, because it has been a small sector and they did not pay enough attention to it. Now they want a big piece of the MEAT (from price appreciation, M&A fees, IPOs etc) because they think it will be big in the future. So, first they beat it down and then they have enought shares in this sector, the rosy reports will come up. A lot of retail investors will chicken out during the period because they believe in analyst reports, bless.
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