I agree. TSLA having not been able to hold both recent runs does look quite bearish. Similar sentiment to
@tivoboy who also sees deeper downside before seeing any upside.
It's also interesting what Cary said re lame fundamentals will emerge to support the depressed TSLA action (chicken vs. egg). Imagine if the 6/13 vote flops, Q2 comes in bad, and 8/8 flops, then his <$100 possibility doesn't look so outlandish.
Question for us is how to prepare and trade both sides.
I have no idea how to position for the next few weeks. And given my non-negligible losses from the earlier gyrations I'm even more skittish. Meanwhile I'm just holding longs and 15x -P300 6/2026 that feels radioactive (can likely assign <$132). Not liking the stress!
On a hopeful note, if TSLA closes back over $170, there's hope for $176-184-201.