"One of the most closely watched stocks in the world, investors have watched as shares of Tesla (NASDAQ:TSLA | TSLA Price Prediction) have declined 6.75% year-to-date, coinciding with a shift in retail sentiment on Reddit and X. Tesla mentions on r/WallStreetBets have increased sharply, with users sharing bearish commentary about the company's pivot from traditional automotive to robotaxis, humanoid robots, and energy infrastructure. Retail traders question whether Tesla can execute amid declining core vehicle sales."
"Reddit discussions turned decidedly negative in recent weeks. Sentiment scores fell to 12 (very bearish) during February 9-11, driven by posts about put positions and shareholder exits. One r/WallStreetBets user detailed a $600,000 bet on short-dated Tesla puts, writing: "Thinking either 1 million - if TSLA goes back below 400 in the next two days - or oblivion." The post drew 1,549 upvotes and 372 comments."
"A post titled "I Finally Sold My Tesla Shares" on r/investing captured disillusioned long-term holders. The author explained: "The thesis I originally bought no longer exists. Add in a CEO I don't trust, constant distractions, and attempts to blur the lines between Tesla and his other ventures, and I couldn't justify the risk anymore." The post resonated with 724 upvotes and 474 comments."
Tesla shares have declined 6.75% year-to-date amid a sharp shift in retail sentiment on Reddit and X. Mentions on r/WallStreetBets have surged with users expressing bearish views about Tesla's pivot from traditional automotive to robotaxis, humanoid robots, and energy infrastructure. Retail traders question Tesla's ability to execute as core vehicle sales decline. Sentiment scores fell to 12 (very bearish) around February 9-11, driven by posts about large put positions and shareholder exits. Specific posts highlighted a $600,000 bet on short-dated puts and a long-term holder selling due to distrust in the CEO and perceived distractions. Concerns include a 2.9% year-over-year revenue drop, executive departures, and Musk's warning that the $25,000 Cybercab robotaxi will be agonizingly slow to produce.
Read at 24/7 Wall St.
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