Tesla to $60? 🤮

[@Adelrawas1]

This aged like milk.

[@liamvogel9151]

Lolol fr

[@TheBookofrhymes]

How bout now?

[@lw4583]

this aged like milk.... 5 months later Tesla at $260

[@mersaultrashkolnikov519]

this aged like milk, now tesla at 180

[@TheBookofrhymes]

👀

[@jhunt5578]

When I heard Elon talk about lowering prices to keep up demand as he spoke on Twitter. My thoughts were instantly "Chicken called it". Invaluable info 🙏

[@MichaelOrtega]

I’m one of those extreme bulls. But I have to admit that Ken knows what he’s talking about and therefore every time I see a video of him I listen closely because he also cares deeply about the truth rather than his own ego

[@htsyami]

The company’s mission to transition the world as quickly as possible to sustainable transportation. That means margins will get squeezed during a recession. Don’t forget that Tesla raised the prices of their cars about 30%+ from ‘21-‘22. So they have room to decrease their margins without hurting the company.

[@jhunt5578]

@Life Long Learner It won't hurt the company in terms of survival. Long term I'm still bullish on Tesla. But short term, profits will be crushed and therefore the stock could be crushed too.

[@qiappy8369]

@@htsyami it won’t hurt the company but the forwarded EPS module need to be adjusted. The stock will crash…

[@geraldwoolridge3609]

Cheaper cars, will mean more cars sold, but cheaper. If car margins are less, Batteries could be used for mega pack, demand is massive, and growing, everyone one needs power, utilities need this so Telsa could increase massively in this sector, where energy costs are high, and payback is quick. Its attractive for utility provider globally, no matter recession. In UK 400% increase in energy cost, so far. So anything to help balance the grid loads, reduce peak cost is attractive.

[@KarimJovian]

Amazing words simple and perfect. The time will come, patience. ❤ Thanks CGS for your views.

[@Hannya10]

Tesla's long term mission is to bring down cost of its vehicles as much as possible while eliminating unnecessary parts & processes to increase demand of sustainable energy transition which in turn results in exponential growth. Will tolerate the position size & time for things to get worst before getting better even though its painful emotionally & always stay prepared. Knowledge learnt but not put to good use will only remain stagnant & eventually forget. Thank you for sharing your thoughts CGS 👍🏻👏🏻🙏🏻

[@Hannya10]

Merry X'mas CGS 🎄🎅

[@my2cents395]

Tesla is building. Keeping production and sales growing will pay off. If not now in, the future. Wright's law will help reduce costs and a recession will reduce commodity costs. Tesla can reduce prices and keep margins good. There are areas Tesla will grow fast such as Cyber Truck, energy storage and adding more production lines for models they already produce. Considering what Tesla produces it grows very fast.

[@Eagles_Eye]

It’s a good thing they got a healthy reserve and no debt. Key words here “ let’s grow as quickly as we can without putting the company at risk”

[@learnprogress6618]

This is how a scammer works , kinda wrong . Toyota is at a 10 , most dept car maker not moving

[@pesca844]

Not one person came out and made a prediction like you did when $Tsla was above $200. I remember the hate you got from the toxic bulls and their response videos. Thank you for doing this and I’m grateful that you are back.

[@sebfox2194]

Quite a few people did. Tesla has been a very profitable short trade for many people.

[@cbn1362]

@@tr-lj2vx pretty sure you have not driven a single EV then.

[@renegadezen7841]

Michael Barry is an example of someone who started calling for a Tesla stock collapse and started shorting it

[@cbn1362]

@@tr-lj2vx Yes calling it hype without even experience the main product of a company. Good calculated validation there mate. It's too late to invest in EV AFTER the infrastructure and market it's already made and conquered by others. Pretty sure Apple was like "the infrastructure for smartphones aren't there yet" back in 2007.

[@cbn1362]

@@tr-lj2vx sure I sold my Tesla shares at 1000 pre Split and bought in again around 170 after split. I invested in Tesla back in 2016 after I purchased my frist Tesla and deep dive of the company philosophy. Your statement showing lack of understanding a good company and what it is trying to do. It is not investment after the market is already adopted, then you are just following others to not go bankrupt.

[@priscillagold3778]

Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $117k stocck portfolio, what’s the best way to take advantage of this bear market?

[@kendrickdonor2017]

While there’s more pain to come, investors should look for stocks like Royal Philips NV and Alstom SA that have been beaten down enough that they’re a bargain or get a good portflio manager.

[@kirablonde335]

@@emmacreame4889 I need guidance so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?

[@kirablonde335]

@@emmacreame4889 This recommendation literally came at the right time, I dipped by $11k in stocks last week alone. Its crazy! I just looked up Carissa Wallin Palm online and researched her accreditation. She seem very proficient & I wrote her detailing my Fin-market goals. Thanks

[@gracehunter454]

A crash and bullish market provides equal high-yield potential, it's all about early information and the right strategy, I've seen folks that netted 7figure gains amidst crash, and pull it off as easily in a bull market. Unequivocally the crash/recession is getting somebody somewhere rich.

[@peterquin1443]

I sold my holdings and they are currently earning 3.68% in the "cash position" because it is the government bond index fund with very short maturities. Not a bad return during all this chaos.

[@Abedchess]

Now this is what you call transparent and honest. You stick with what you believe. Respect for you Ken (Though I started dca at 150 😭)

[@yhwoo2163]

@@song1861 which only made up 5% of his portfolio and he sold half of it today

[@Abedchess]

@@song1861 If I'm not wrong, he also sold some though. Well, I guess dca now is not such a bad idea.

[@yhwoo2163]

@@Abedchess what makes u think it is a good idea to dca when he just sold it today.... earning's recession not priced in..

[@Abedchess]

@@yhwoo2163 Man, it's quite painful to sell a loss right after I've bought it.

[@Abedchess]

@@yhwoo2163 should I just sell all and wait again? 😢 Edit: I'm just going to sell everything. Not gonna be on denial while I lose money

[@samdegreef4549]

Hi Ken, i am down 50% now. Just very sad and frustrated at this point. Called you out on your target but you were right. Great job. Hope you will make more vids man. If i look back at your old vids your spirit was so high and your energy always fantastic. Stay awesome like that. Now i have to just hold through but will buy on more downfall.

[@ningwasabi]

I am in the exact same situation as you. I now have no choice but to hold and wait. Let's be strong together 💪

[@putting63]

Never average down; wait for a turn in the market then layer in

[@moabbott5367]

Yes its painful, same boat, how many shares do you have?

[@Kash_Munni]

@Zoe Smulders go fuck off with the spam, this shit is beyond crazy! KZbin get these people off of here.

[@julianschmahl8267]

Ull never see the money back.. better average down

[@ragvangap1]

Have been listening to your talks for nearly 2 years and commenting for the first time. Must love and respect for everything you have done for the community Ken. Best wishes from Australia. Keep up the great work .

[@allanbanezify]

Tesla $60? Its now $177 lols

[@nimabayat1581]

195

[@fernandogarciadeleon6292]

201

[@tomchu9780]

258

[@juradosty]

278

[@christian4362]

161

[@juradosty]

You can wait for $TSLA at 60$ forever...

[@aaronr.g.363]

Ken, I miss your videos just solid information. Thank you for these videos, you are a true, calming voice in a screaming crowd of madness

[@wutan234]

Always to check back on the results. U current grade is a F. Up over 100% on TSLA $215 today

[@danihunter2426]

Thank you for the update, Ken. This was soo helpful, we all miss you! Please continue to update us we appreciate you!

[@mwanamazala5088]

You called it Chicken Singapore. I remember you calling it at $140, and behold, it's even below that.

[@CuberNator]

Ken you are forever my hero I know in a past comment i did state that i could care less about price movements but , things change like you said , adapt. Cashed out back when tsla was 900 (pre 3-1 split) ish and have been sitting on mostly cash since Saved me once again and I cannot thank you enough. Screw the haters , you are entitled to your own opinion and its up to them on whether they want to listen to it anyway . Just merely stating your views for free is a service to the world. Amongst the toxicity, there are many others like myself who are truly grateful for what you do. As always , stay safe Ken, really hope to meet you one day :)

[@johnanon658]

Good for you.

[@micahwatson9017]

I sold mine at $950 pre-split as well! Took the big profits and shorted TSLA, META, NFLX and a few other stocks for HUGE gains! Will continue to short TSLA even though I’m very bullish long term (10+ tears). Will re-enter at the lows with the gains from the ride down.

[@autistictrader6237]

U won’t know where lows are , so wen u make such comment please state wat is the low nowwwwwwwwww, else dnt say anything , cuz then u will have no credibility n wat u say is waffle .

[@autistictrader6237]

In my opinion low b around 60 . We must test 60 ..... cuz of recession n macro n demand for large items using credit will collapse . Simple economics

[@Xmj202]

Critical analysis like this is more valuable than biased pumping that makes shareholders feel good emotionally. My strategy is to hold and sell calls strategically to raise cash, accumulate at a bottom and wait for fed to restimulate. Growth stocks and car companies are highly cyclical in bull and bear markets just have to be patient and objective

[@garychadwick1240]

I listened to the whole stream. It is disingenuous to suggest this is what Elon is expecting. He was talking about the worse-case scenario. Tesla has industry leading margins and, even before Q4 earnings, is sitting on $21 billion cash and virtually no debt. His point was, even in the worst case recession, Tesla can ride it out and continue with the mission. What are the other auto manufacturers going to do, whether legacy or EV. Most have very low or negative margins. Most have already seen declining sales for several quarters and have only made profits because the pandemic and the chip shortages raised prices through insufficient supply and pushed up their gross margins. They will not be able to lower prices to survive and many will not survive. Tesla is the guaranteed winner, especially in the worst case scenario.

[@exotic-speed]

Don don don donkey 😂 🤡 🤡 🤡

[@beepbeepnj2658]

Many people are broke and are buying used gas cars for cheap from the over 60 car companies that have a much better reputation and track record. AZO stock at all time high PROVES this.

[@akashgrewal7581]

You’re literally the only KZbinr who called this out ahead of time. I wish I had listened when I had the chance now all I can do is HODL

[@rexmundi273]

Hodl that big bag of dirt.

[@zhouyou28]

He called shit out, a lucky guess. A broken clock right twice a day. What about his ftx, plantir, defichain, nano call. Did you follow those, you will be losing big time if you followed

[@akashgrewal7581]

@@zhouyou28 no I haven’t heard of those

[@akashgrewal7581]

@@rexmundi273 long term hold TSLA will be solid

[@rexmundi273]

@@akashgrewal7581 I hold VT (total world index)

[@vazquezcarlos]

I'm so glad I took your advice a couple months ago. I sold all my shares at $305. Moved them into indexes when they were close to their lows. Took a decent profit instead of a massive loss. Now I'm just waiting to see if I want to buy back in if it does drop further...maybe $80(?). Otherwise, looking for less risk at my age of 46, and since I feel relatively financially secure. I do think it's great that they are lowering the price, even at the risk of lower margin. Yeah, sucks for the stock price, but good for the consumer. Maybe in the long term it will work out. OTOH, I am concerned about increased competition. I've been to 3 different European countries in the past year, and I've noticed many BMW, Renault and Volkswagen EVs on the road. If those ever enter US market, I see it taking over some of Tesla's market share. That also influenced me to sell my shares.

[@roxter299roxter7]

Lower prices does not necessarily mean lower earnings for Tesla. Earnings are always compared to past earnings. Profit margins will shrink but market share will be maintained and new markets will open up. We often forget that you can’t even buy a tesla in every state of the US.

[@bojodulagan5791]

i dont think the competition is competing with tesla but more the ICE industry, so the competition is taking their own market share, since they are the ones still producing ICE vehicles. Remember the global EV Marketshare is still under 10% and will be around 50% in the next coming 5-10 years. Less demand for ICE because of growing costs and also interest rates.

[@roxter299roxter7]

@@bojodulagan5791 The ICE industry is going to have to deal with chewing their own leg off to survive.

[@ThaMonkeySquad]

Right now in europe, everyone wants a tesla, but feels like its too expensive. I'm sure it will change when price gets reduced next year

[@dexton80]

Telsa would be worthless once other companies catches up with e technology

[@ramikuhail7216]

Good video, I rather be invested than not. This market is hard to predict, it could go both ways. Long term investments in quality stocks is the way to go.

[@sophiec3592]

Let’s stomach this through … meanwhile gotta keep learning. Thank goodness Ken is around.

[@TechTutorialsEL1]

IF YOU WANT TO MAKE MONEY *LISTEN* : don’t let your ego ruin your gains. If CGS says it could go to 60$, don’t get mad, be thankful you get to hear different opinions! The market is about probabilities, not certainties!!

[@robertmack7280]

Wow. Definitely bad news when things were looking like a good time to buy. Thank you for the quick follow-up video. Cheers, Ken. 🤙🍻

[@big30o6]

We need a video compilation of KZbinrs who said you where wrong about TSLA dropping to $140…. And it should be your intro forever! Hahahaha

[@juradosty]

Someone became donkey.. $TSLA 280$

[@akashgrewal7581]

I am down literally half my life savings… this is scary as fuck. Hopefully long term we will be fine.

[@mahi123aa]

I am with you. I had exactly the same prediction based on the charts. I still see downward trend continuing. No surprise if we see $60-$80 range

[@Ramsefall]

Always great to see you surface with relevant insights, Ken. Warm holiday wishes to you and yours.

[@一个70后大叔]

wanted to drop hi to u at jewel that day for your guidance . really appreciate to have u in our early stages for newbie investor

[@andrewsaint6581]

This is a nice video. Cheers Ken. My only input is that imo, Tesla cutting prices (or the US gov doing it for them) will be worse for legacy auto. Car prices will fall, their loans will start to default, they'll sell fewer because the market will be flooded with new Tesla cars because folk hate waiting like they hate stealerships and Tesla will thrive. CT due within the year. Buckets of cash in the bank and Energy bursting onto the scene from Lathrop.

[@Poxenium]

tax credits are coming for US EV makers and Model 3 is getting a refresh to be a lot cheaper to make. From 36K it will go to 28k cost to build. Margins won't be affected.

[@fleipeg]

I was wondering where you were. It's good to see you. Wishing you and your family a safe and happy Christmas and New Year.

[@andreacorsi91]

Thank you for always being so transparent and saying the right thing even though it may be difficult. It means everything to us. Your gang. 🐔

[@johannel8104]

The $140 call was accurate. But people complain that your message was one of a trader and not an investor as you claim to be. Berlin and Austen margins will go from massively negative to massively positive over the next 6 months. Input costs are dropping as per Elon. And in the US Tesla will not have to drop prices bc of the IRA. And as is Tesla is already massively profitable. They have enough room to cut prices outside of the US if needed. And the energy business seems to be poised for massive revenue and profit growth next year which will support the business even more. I think the no profit scenario Elon is talking about is a possibility but very unlikely to happen.

[@nathsuphattrachaiphisit4608]

What's so surprise? I even predicted at $45-$47 He is already optimistic enough to said at $60

[@Tobydc]

Thank you so much for your work and your assessments. Highly appreciated!

[@FinbarSpellman]

Love the videos Ken! The upside of selling cars with reduced margin means there are more cars on the roads. Ancillary products such as fsd, insurance etc will increase revenue, the more cars, the more potential to sell.

[@renegadezen7841]

One downside though is more cars on the road equals money lost in servicing them

[@FinbarSpellman]

@@renegadezen7841 Are Tesla customers not charged for servicing?

[@FinbarSpellman]

I'm not saying the extra revenue will recover the lost margin, just that in the long term more cars on the road has benefits especially when you can sell software products for them

[@SB-yq6ze]

It’s a good long term move. Keep the revenue coming in while tones are tough and build a huge network of cars and followers. It’s almost like the car would be a loss leader for the ancillary incomes later.

[@renegadezen7841]

@@FinbarSpellman Tesla has to pay out of pocket for any warranty repairs ..so yes Tesla customers aren't charged through the warranty period

[@utubemat33]

A lot of us been holding and are now nuked (down 50-70%) Would appreciate if it you could make a video about what to do! Will save many many many us. Please consider! thanks!!

[@nachobusiness2663]

Fugh electric cars. It takes 500,000 litres of fresh water to produce enough lithium for a dozen Tesla’s.

[@beepbeepnj2658]

I told him a few years ago to buy my boring non tech recession proof stocks that are always at all times highs every year, AZO, ORLY, UNH, DG, DLTR, HEI, ROL, no trading, no guessing, no tech stocks, no crypto, no Tesla or any other such nonsense. AZO and ORLY tell you the truth about EV future else they would have been tanking many years ago. Even Warren Buffett buys big in gas and oil and never Tesla.

[@hc1770]

With the feds, recession, it's definitely possible TSLA going to $60. As always, thank you Ken for being transparent. Appreciate your insights and always looking forward to anything you say!

[@learnprogress6618]

He recommend the coin that many lost everything & many other advise wrong. Profit margins ok if u want to finish off other car companies , musk said he wanted a stock crash to clear out the companies staying alive unfairly , many try to crash Tesla anyways as $$$ , like this guy , musk will not admit he wants to finish off other car companies ,, this guy only made a lot from Tesla check out utube to see

[@nasok8472]

Csco went down 80some pwrcent from all time high back in 2001. İt was so popular like Tesla. If Tesla does the same it can go down to 60.

[@JasonPizzinoOfficial]

TSLA to test $100, then $70 👍🏼📉

[@5893MrWilson]

Admit it, you got lucky because nobody could have predicted the perfect storm of negativity that is currently effecting Tesla. They are now drastically undervalued compared to other companies. Tesla's earnings last quarter we're higher than Amazon's and even if Tesla's growth gets cut in half for 2023 they will still grow faster

[@soyabeane3257]

Thanks for your transparency and honesty Ken. Looking forward to more tips and advice from you. Merry Christmas and have a great year ahead!

[@joncoutts1671]

I've lost so much money on TSLA. WIsh I would've gotten out a while ago, to get back in now...but I guess I just have to hold on for the next 10 years and just pray it gets corrected. Bought most near the peak, sadly. THanks for the video!

[@davidwojcik7770]

I’m down half a million. Hang in there.

[@hoggingwartz]

Yeah it sucks. I'm in the same boat with a dca of $371 ffs. Down over $600k and counting

[@tommy13965]

Damn I feel for you my avg is in the 160’s and I’m having stomach cramps everyday watching it fall 5 to 10 bucks a day. I know a lot people will say you haven’t lost anything until you sell but I beg to differ because it’s not everyday that you lose the value of a car that is pain.

[@MrGiechel]

Same here, but I think we missed the shot to sell. Now we have to ride it out and save our cash for a potential truly interesting buying opportunity

[@ishmaelali]

Down 2mm from the highs I feel your pain

[@BjorckBengt]

Reducing prices down to zero margins would be ridiculous. Tesla has better margin than anyone else. Such a scenario would include immediate bankruptcy for everyone else.

[@plattech867]

Love your risks managements and judgement. Really tip top. Capital preservation in these times are truly a priority

[@deficator750]

this guy is what we call smart money.

[@mouseling1201]

Wish you happy & healthy Holidays! To you warm hearted man!

[@fincarosa]

Ken, you've been proven correct. And still the haters can't bring themselves to acknowledge the truth. James Stephenson and SMR/Solving the Money Problem, telling ppl you are wrong when Tesla started to drop under $300. Lost respect for them. You saw it coming and called it early. Well done and much respect to you

[@zhenjieliu9803]

I trusted SMR so much that’s why I lost a lot of money in Tesla stock. Bought them at the mountain early this year

[@MichaelOrtega]

At this point, if Ken says tesla will go to 60… I’m gonna have to at least listen to the possibility and just focus on the long term. No EGO anything can happen.

[@ChickenGeniusSingapore]

missed you! just afraid Tesla will be priced as a value company over growth, if so $60. I think below $100, it's pretty much buy and don't look back.

[@MichaelOrtega]

@@ChickenGeniusSingapore I agree! From the looks of it. 2023 will be the most important year. After that, the FED, the FUD, and overall pain would have settled.

[@carolinebitterly8973]

Thank you so much Chicken for your videos ❤🙏

[@i_am_thebatman]

Dude I really hope we have Tesla Stock at $60 . That will make so many people rich if they load up on it

[@antibioticum2798]

I just watched the video you shared and I have to say, I found it to be extremely informative and helpful. Kev does a great job of breaking down the information about the Tesla stock in a way that is easy to understand, even for someone who is new to investing. His advice is clear and concise, and it's evident that he has a deep understanding of the market. I really appreciate the way he presents the information in a balanced and objective manner, and I feel much more confident about investing in Tesla (after it will hit near $60) after watching this video. Thank you for sharing such a valuable resource with us!

[@willp1653]

I like the videos because it conveys your emotion a bit better than only words. But either way, it was always about the macro and those who 'got it, got out'. Thanks for your wisdom 🙏

[@roxter299roxter7]

Profit margins will go down but earnings will go up.

[@kevinkool3558]

Hey Ken, don't be afraid to tell us what else you're investing in. You know, not investment advice and so on, but it would be interesting indeed to know. Thanks.

[@foreversolvent5334]

I’ve heard his next play is Eth. Would be nice if he made a video on it.

[@justinfuruness7954]

You called it spot on. Wishing I had listened to you over all the raging bulls, looking back it’s so obvious.

[@yingle6027]

I remember Ken saying that TSLA was a buy when it was at $1100.. What happened?

[@leedsbutler3567]

I’m holding and I would buy if I could. I sell my house and all my clothes before my shares. Because I believe the best engineers and workers in the world are working for humanity at Tesla. Seriously. I’m happy rich or poor as long as I know I stood with something working to give humanity a more free and inspiring future.

[@walden6272]

One day you will wake up and realize Elon Musk is a fraud. There were people who thought Sam Bankman-Fried was a humanitarian because he said he wanted to make money to help the world. He was going to donate all his fortune, what a bunch of lies. Elon is the same, just watch, he'll be expose as nothing more than a snake oil salesman who uses the goodness of people to promote his ideas to lure investors in so he can throw money into his problems. If it works, he gets rich, if his ideas doesn't work, he cover it up. So far he has been lucky but his luck is running out.

[@mathewphilip6764]

I've found personally it's hard to stand back and have the discipline to wait for the right opportunity. Ken you've done so much to help me think through things logically instead of emotionally. Really appreciate your thoughts via Twitter and YT. Thank you!

[@conradprice6218]

Agreed. I just buy when I get paid each month though. Can’t go wrong over 10 years if I just do that

[@stevie1748]

Dan Ives 2020: 'It's Tesla's world and everyone else is paying rent' Dan Ives 2022: "competition coming from all angles" "your starting to see they're not the only game in town"

[@BB-sf7jv]

The competition is coming and once it gets here Tesla will cut prices and destroy the competition. That said put no more than 5 percent in any one stock as Ken has done with Tesla. Slow and steady wins the race😉😉😉😉

[@BB-sf7jv]

@@JP-dz7zu Yep….he did a 180 and got a lot more angry. It was a good move financially but emotionally not so much. Unfortunately the dude is thin skinned.

[@m.k.403]

Again you have proved that you have bigger balls than all haters combined 💪 keep going

[@grusgott7188]

Energy storage is projected to produce almost as much profit in 2023 as cars did in 2022. This means that profits will stay steady if there were almost no profits from cars due to price cuts. This is not factored into todays stock analysis.

[@tellder1]

Thank you for making this video Ken! Everyone needed to hear this. A question if I may (respectfuly) - Some of us are just holding and got nuked. Selling would be the dumbest thing we could do now? You know - "wait for 10 years" thing?

[@method341]

Taking a 50% loss is better than taking an 80% loss

[@sophiec3592]

In the same boat 🛶 rn, long term view. Already in deep water. But Ken puts it, “the time will come.”

[@ChickenGeniusSingapore]

Dropped to much to take a lost. If you can stomach the pain for years, i believe tesla will be the most valuable company

[@keilder8543]

@@ChickenGeniusSingapore 100%. I only wish I had followed your lead when Tesla surpassed $1,200... I'm not leveraged, so all I can do now is wait until Tesla becomes the most valuable company in the world 🌎.

[@garethball3502]

Same here

[@TheCorngrinder1]

6 months ago I said to myself I'm not touching tesla till its 40-60 dollars and had other youtubers basically saying buy it now at 100 -120

[@keithsia5466]

Cash is king in this recession period. Looks like 2023 will be a tough year and let's wait for FED pivot and start of QE

[@walden6272]

If the Fed pivots, the Bond market will punish him and the inflation will punish the consumers. Then we will experience a economy known as inflationary depression.

[@jaybyrdcybertruck1082]

WHat your not talking about is the fact that ALL companies are experiencing this recession and demand destruction. Tesla has a plan to continue to sell and grow during this temporary downward turn. Its smart in my view as more butts in seats sells MORE Tesla long term. Tesla is going through a TEMP set back due to worldwide inflation.

[@lexandro]

Maybe this is the right way to spread the EVs around the globe as fast as possible to save Earth. We shouldn't forget Elon's original motivation.

[@johnbonitz7658]

I agree with your first sentence but quibble with the second: If he truly thought defeating climate change was the top priority, he wouldn't have recommended people vote for Republicans.

[@frankd963]

Great update. Thank you. Your prediction of Tesla at 120 to 160 is right on the money!

[@ThaMonkeySquad]

I'm so glad Elon is still sticking to selling as many as they produce and staying true to the mission. I'm buying at these levels, or else my itchy fingers would buy something else XD Thank you for holding your head up high for so long at sticking to your belief and the knowledge you have accumulated for so many years ❤ legend

[@JLizard]

Thank you for sharing your insights with us CGS. Do you think the price of Teslas coming down is going to put serious pressure on ICE? Just as investors love to hear that their favorite stock is cheap so do consumers love to hear that a performance car has become reasonably priced. When you add that it is a car that has low maintenance cost in the time of a recession makes for a hot commercial, no? In a recession people don't want to see shine and bling-bling bills- it's savings that are stylish.

[@grantguy8933]

How you feel now? Hope u shorted it to 60 or 40. 😂😂😂

[@swaep114]

Faraday Future.. Up 9 % Month.. Will Begin to Compete with Top Premium TechLuxury EVs in March 2023 when Production start. With 26 Systems/ Components Upgrades and EPA Rated 381 miles Range.. Competition is Growing in EV Market. another Reason Tsla Dropping Price, but won't mention that as a Reason.

[@miguelangel2928]

Thank you for posting again ❤

[@Pennychaser1]

I sold all my tsla shares at $230. Back then it was emotionally difficult to do. Now I'm not sure where the bottom is. I may start buying at $80. As a tesla car(MYP) owner myself. Tesla needs to get out of body repair business. Their making crashed tesla repairs very difficult to everyone. With many more teslas on the road repair process is just too long.

[@getintothewildwithjeffruma8777]

You are a great person Ken. It’s great to see a video from you again. I closed my position in Tesla at $840 for a great profit. I love the company and believe in the long term the share price will be at all time highs but a person shouldn’t ignore the macro environment.

[@Orrlur]

I wish I had closed all my tesla positions back then. But I did sold 75% of my tesla positions with huge capital gain. I will close out 25% now in red to off set my gain and hold my cash.

[@getintothewildwithjeffruma8777]

@@Orrlur We all wish we could redo a few things in the market over the last couple of years👍

[@coguglielmi]

He also said he would reduce costs by 50%, starting from a position of sheer dominance in terms of margins. And profits will start to come from the energy division as well... sold out for two years there

[@ngocbui3761]

This didn't age well at all. 😂

[@fomoyolope3573]

To my favorite SG coach, thanks for the warning and advice, your 9 months ago YT advice was forthcoming. Thanks you. If I could have a drink with you, it would be a dream come through. Ex-Singlish from California in SG currently.

[@Marrow9000]

I was watching that stock price drop through the $140s to $120s this week and also noticed that CGS announced his buy in $140s (consistent with previous plan) and then the sell in $120s. I just wish he would have been clear about when he was shorting or doing his "synthetic short" earlier this year, early 2022. He announced that later and vaguely after he actually did it. It should have been a clearly stated shift of strategy after the prior years of Tesla bullish pump and hold forever videos. Yes I remember the calls and small Tesla 1200 price sale but I think the short strategy came out months later and still not clear when he did it. And very unclear when he sold his tesla stock.

[@micahwatson9017]

Shortsighted people have no clue how bullish this move is for Tesla (the company). With no debt and high margins allowing slashing prices to increase demand, Tesla will gain massive market share during a recession and give themselves a strong position coming out the other side. While profits are important, at this point growth is more important. All of their competitors are drowning in debt with no ability to cut prices. They’re facing demand AND profitability destruction....if many of them survive at all! Tesla stock will suffer big time in the short run, but will rocket to the moon in the future.

[@tanson86]

Man, your videos is a money saver🙏

[@pjuliano9000]

What CG fila to tell you is that there are ZERO percent tax on stock sales … so, he can make 2 million in profit and keep it all … whch allows him to sell on a whim.

[@Leeds1919LUFC]

Thanks again, for all your videos. I appreciate you, along with a lot of people. Merry Xmas!

[@williampmcd8548]

Feeling impatient will be unavoidable. Expressing impatience in our relationships is different and it is probably not hygienic. Part of our progress as a species is recognizing each other's imperfections (as with "karma") as part of our greater humanity.

[@henrytep8884]

You know it’s bad when chicken ends his video alone….yeeesh rough times.

[@overcomefatceo]

This is why I’m Never a permabull or Permabear The second Elon announced the Twitter bid I saw it as a huge distraction. Retail investors often become obsessed with a stock and that Joe you get cult stock status. But they almost always fizzle out.

[@tellder1]

Elon saying "Tesla will be most valuable company in the world" - short term hopium for investors or real?

[@ihatewonders]

Dont take what elon say for short term hopium. He a long term thinker so plan long term strat based on what elon say

[@daryl4d]

Playing the short term game paid off so far, but it is a dangerous game. The stock can bounce higher, then someone will claim it’s a dead cat bounce, but then it can continue to go higher and someone will say it will probably revisit the bottom, then it never turns back and many miss out. When this happens it will be inexplicable and people will be caught off guard, just like now but in reverse. It’s a cautionary tale on how the stock market makes fools of all of us, so please don’t think you got it all figured out.

[@ChickenGeniusSingapore]

He was trying to pump the stock. Hated that

[@tellder1]

@@ChickenGeniusSingapore Was thinking the same thing 🤔

[@ishmaelali]

And he has lost ALL ability to do so now. Time to get out

[@anthonys2818]

Tesla is a long investment not a short term. If it goes to $60 I will double down. This will lower my average cost. Not selling and wall street won’t call me dumb money 💰

[@cw5335]

If Chicken is indeed a genius, the time of releasing this video is definitely the best time to load up Tesla stock. Don’t think Tesla stock price will drop again down to $101 again.

[@Bloodmarshal]

Thank you for your insight Ken! I should have listened to your advice but my hands got itchy and started to DCA down from 199 :(

[@thebesttheworst2277]

Why you sad ? Plenty of people have been doing the same at DOUBLE the price you've entered at, you should be happy you aren't them

[@-TheMaskedMan-]

@@thebesttheworst2277 ​ and I’m happy I’m not him 😂. I started DCA yesterday at that $123 mark. I might just buy a fat options contract if things get super red 😮

[@Bloodmarshal]

@@thebesttheworst2277 I lowered my cost per share from 330 to 256 now haha. Still high though

[@thebesttheworst2277]

@@Bloodmarshal I hear you brother, $308 here

[@-TheMaskedMan-]

Dam price is dropping hard. Hope this continues for a while.

[@kuanhuichia4489]

Truly appreciate your transparency and thanks for the advice !

[@CsLim821]

i think it will break the 100, but I dun think it will btm at 60, maybe 80. just donkey guessing hehe. Thank you for the short yet informative update CGS

[@shimmy1984]

glad you're back Chicken. I am holding and forgetting

[@rosya.traveler4269]

I should have sold some of my stocks when it was all time high 😭