Sentiment Is Turning Against Elon Musk
Tim Knight | May 19, 2022 11:54AM ET
I noticed the top-trending item on Twitter (NYSE:TWTR) yesterday were the words “Poor Elon.“ Today, the top one is “Mike Lindell,” which actually has nothing to do with the pillow guy, but is essentially saying Tesla CEO Elon Musk is the new Mike Lindell. Suffice it to say that sentiment against the guy is pretty hard now, which tells the contrarian in me, that Tesla (NASDAQ:TSLA) is probably ready to get some strength from these levels, with $700 being ferociously defended.
I think I’m something like 10 for 10 on Tesla calls this year, so let’s see if I score another one. I will say, however, I think TSLA is going to be in for another one of the multi-year slogs similar to what I’ve tinted in green below.
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