$TSLA -6.6% today (NDX -4.3%) and -6.0% this week (NDX -4.5%) should not be a surprise to anyone paying attention to the two variables that matter:
1/ $SPCX $75B IPO coming next week and is already oversubscribed. The IPO has to be paid for with funds from somewhere and taking it from $TSLA the most like-kind security to $SPCX makes the most sense.
2/ Macro - Strong JOLTS (+7.6M vs +6.8M est), ADP (+122K vs +120K est), and today’s May non-farm payrolls (+120K vs +89K est) suggest the next Fed move is more likely a tightening than a cut, which hurts long duration equities like $TSLA most. The U.S.- Iran war is still ongoing, which does not relieve pressure on Brent crude - still up +33% since end of February, which prevents the Warsh-led Fed from even thinking about cutting short-term rates.
@AlternateJones With all due respect, IPOs like this tend to attract a lot of hype. Even with strong conviction, it might be worth waiting for post-IPO volatility and lock-up expiration before going all-in. Just my two cents
@garyblack00 I’m against it, but I can’t vote. I agree with @garyblack00. I’ve been following $TSLA since 2020, and honestly, I’m tired of the Tesla influencer crowd. I’ve started unfollowing many of them.
@agingroy True, GLP-1 users are driving up whey prices. But protein alone won’t fully prevent muscle loss. Resistance training + high protein (1.6g/kg) is key combo!
@aakashgupta If someone matched his adherence to a better program (with progressive overload, pulls, and rest), they’d likely end up lean and more muscular.
@aakashgupta Tasuke’s transformation is genuinely impressive for adherence and fat loss, but it showcases leanness and conditioning far more than substantial muscle hypertrophy (size/mass).
Tasuke’s real superpower was discipline, not the routine.
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Read: https://t.co/VeIvht1xyG