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Who would have thought? Toyota Motor $TM is soaring (up another +7% on Tuesday) while Tesla TSLA is down -37% since July '23 high.
Source: Bloomberg
$TSLA is the only Magnificent 7 Stock to be in the red over the last 12 months.
Not only that, Tesla is getting absolutely trounced by the rest of the group. Should we rename this group the Magnificent 6 going forward? Source: barchart
The average price of a used Tesla has declined 18 months in a row
Moving from a record high of $67,900 in July 2022 to a record low of $34,883 today (-49%). $TSLA Source: Charlie Bilello
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