But it's not the only EV company taking Ls
â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â A while back, my colleague "Mr. X" wrote a column on "[Musk's War](
)." He wrote: I do not doubt Elon Muskâs capability, intensions, or will. However, heâs not fighting just one opponent. Heâs fighting a hydra, with governments around the world claiming the right to tell Twitter what can and cannot be said. Well, if he is fighting a war right now, Musk is losing. Some progressive customers are angry about his political views and are turning away from Tesla. Powerful politicians have him and Tesla in their sights. And, of course, there's another shutdown in Shanghai that's crippling production. Right now, it looks like Tesla is going to have its worst month ever. And its worst quarter ever.
And its worst year... ever.
It's easy to blame all of this on Twitter. That's definitely part of it. Musk picked a political fight, turned attention away from the EV company that serves as the foundation of his fortune, and hasn't turned Twitter into a profitable company. That will be the story if the TecnoKing loses his throne. Yet there is more at work. Just a few years ago, it was taken for granted that TSLA could operate in both China and the United States. It was the standard theory behind globalization - increased trade leads to better diplomatic relations, fewer tariffs, and more political freedom. Yet I don't think Musk - or anyone - is capable of straddling two worlds anymore. The United States and China are decoupling as the former tries to deny the People's Republic technology that could be used for military ends. COVID-19 has led many of the so called "Open Societies" in the West to snap shut.
And it's under President Joe Biden, not President Donald Trump, that we're seeing the greatest amount of pressure for rebuilding domestic industry, especially when it comes to semiconductors. (Of course, President Trump started that process, and he probably wouldn't be doing much differently when it comes to trade policy if he was still in office.) These are mega-trends that few would have predicted four years ago. Frankly, I don't think anyone would have predicted the way things played out since 2016.
How to respond? I like to say, "Don't miss the tree for the forest."
Yes, you need awareness of the mega-trends, the political scene, the major issues... But you need a way of interpreting the technical signals coming your way. Your focus must be laser sharp, because everything that happens ultimately manifests in the technical signals. And if you have a system for decoding them, you can act with speed and decision, securing gains while the rest of the world is still scrambling to keep up. Remember, you've got a team at your back. Use it.
We win or lose as one. Keep Moving,
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) WORD ON THE STREET POTUS Shows No LUV, TSLA Is Toast, EV Apocolypse - AMC Tries To Staunch The Bleeding - AMC is bombing, shedding 8.2% yesterday. CEO Adam Aron tweeted out that he is asking for a salary freeze for himself because "shareholders are hurting." Still it's not all bad news - the special APE shares surged by more than 11% during the trading day, though it shed more than 4% in after-hours trading. - Biden Administration Goes After Southwest - With thousands of customers (and voters) furious at Southwest (LUV) after mass flight cancellations, this seems like a political no-brainer for the president. President Biden said that he'll be holding airlines accountable after mass cancellations. Transportation Secretary Pete Buttigieg said that the Administration will be using "commitments that were made to us last summer" to force the company to "exceed the customer service standards and commitments that they have made to us in the past and that we're in a position to enforce." LUV was down almost 6% during the trading day - Tesla In Freefall But... - Short-sellers are finally getting their revenge on Tesla (TSLA) and Elon Musk. The stock is down an astonishing 72% over the last year. It dropped more than 11% yesterday and lost a further 2% in after-hours trading. - ... Are EVs In General Being Hit? - It's easy to blame all of Tesla's woes on Elon Musk's decision to buy Twitter. Yet other EV companies are hardly doing well, suggesting something deeper is happening. Lucid Group (LCID) was down 6%, Rivian Automotive (RIVN) lost more than 7.3%, and Fisker (FSR) lost almost 6%. It wasn't much better for traditional automobile company Ford (F), which dropped more than 1.4% and kept declining in after-hours. Since the dawn of Rogue Investing Daily, Mr. X has been keeping his readers one step ahead⦠Forecasting picks with returns of 390% in under a year...
442% in less than a month...
and 1,154% in 16 months... and urging subscribers to hold back from any new crypto investments right
before the crypto bear market. [Stay ahead of market shifts and save 70% today.](
) HOT SPOTS: What's Going on in Geopolitics - New War Just Dropped - Serbia has placed its military forces in "full readiness" as tensions rise with Kosovo. Ethnic Serbs claim they are being harassed by the Albanian majority in the disputed territory. Serbia has never recognized Kosovo's independence and Serbian Interior Minister Bratislav Gasic said the military is ready "to protect the Serbian people in Kosovo." Don't worry, it's not like any, uh, "Great War" has ever started because of situations like this. - Other New War Just Dropped â After North Korean drones flew over South Korea's border and got away with it, South Korea has responded in kind in an unprecedented move. South Korean President Yoon Suk Yeol has also promised to beef up his country's air defense capabilities following the showdown. North Korean leader Kim Jong Un reportedly responded that he'd increase his own military forces. You may not believe this, but North Korean state media supported Kim Jong Un's decision. - America Calls Chinese Actions "Provocative" - Military forces from the People's Republic of China are conducting drills very close to Taiwan in what appears to be an attempt to intimidate the island. The USA is unmoved. "We will continue to assist Taiwan in maintaining a sufficient self-defense capability in line with our longstanding commitments and consistent with our one-China policy," said the National Security Council. CUTTING EDGE: What['](
)s Happening In Tech - Sorry Anon, You're No Longer Anon - Customers of the crypto firm Celsius Network LLC have lost their anonymity following the company's Chapter 11 bankruptcy filing. A court forced the company to reveal the names and balances of account holders. A similar court battle is shaping up for FTX - and if precedent is anything to go by, FTX's customers will also be revealed. What was crypto supposed to be good for again? - Taiwan Changes Up Semiconductor Approach â Taiwan's dominance in semiconductors has long being central to its national security strategy. In short, it is too important to the global economy for larger powers to ignore it. However, that's now becoming a vulnerability as China finds itself dependent on an island that it officially says is part of the country. Though Taiwan Semiconductor Manufacturing is building plants in America, Taiwanese President Tsai Ing-wen said the company isn't abandoning its homeland. "TSMC founder Morris Chang has repeatedly said Taiwan remains the best place for TSMC to invest in as Taiwan has a comprehensive ecosystem and superior work force," she said. "He meant that we do not have to worry about Taiwan's chip industry." Well, that's it guys, crisis averted, I know I feel better. - Supply Concerns Smash Apple (AAPL) Stock Price - As Tesla is facing a shutdown at a Shanghai factory, Apple may be dealing with a similar problem. With COVID-19 cases surging in China after the abrupt cancellation of the "zero-COVID" policy, investors are worried that Apple's factories are going to be dealing with the same on-again, off-again problems that have plagued TSLA. Some experts are predicting about a million COVID-19 deaths in China, where the disease has never truly ripped through the population. Apple Shares Closed At The Lowest Level Since June 2021 FOR YOUR CONSIDERATION "If you were buying in late September when silver was $19 an ounce, youâre now looking at a gain of over 25% in about three months."
Buy low, sell high. That's all trading is. And if you've been tuning in to Mr. X on silver, you may be sitting on a 25% gain when it comes to precious metals. Is it time to cash in... or hold out for the long haul? Maybe the answer is to do a bit of both. Mr. X breaks down what precious metals are all about and why those preaching about the doom of the dollar may have longer to wait than they think. [ON SOUND MONEY AND SILVER PROFITS](
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