Shit, I just read a news that worries me "Trump plans to cut EV support, impose tariffs on battery materials"...
We were enjoying some of the rise of $TSLA due to ELON's direct link to the future Trump government.
I am in profits of 156% in a position on $TSLA that I bought a few months ago...
I planned to sell part of the position depending on the beginning of the Trump administration but this news makes me more cautious...
The best thing will be to sell half of my position in a limited order at $500... I think $TSLA still has the momentum to reach this level, even though this news can be devastating for the electric sector IMO.
On the other hand, it seems a bit strange to me that ELON, being a strong figure in the management of this new government, is allowed to take this measure.
I think that in this case, the best thing is to protect my investment a bit, these people are very crazy and if today they say one thing, tomorrow they can support the complete opposite...
We'll see...
@toofasteddie