I don't necessarily disagree with your point about how short manipulation suppresses the price and provides a coiled spring effect. But I'm in the camp that thinks the macro's are going to retest lows and therefore we will not have the benefit of macro support to help spring that coil anytime soon.
I thought when we held the 500 level multiple times that there would be strong enough support to climb to 600 and stay there with a decent P/D report. Now I don't think a good P/D report will get things there. In fact I would puts odds that a good, even great P/D could be reported tomorrow but the macro's are down anywhere from 2-4% and thus Tesla's rally will be capped at under 500/share. I think we stay in the 400 level for an extended period now, likely months because if anything, shorts and wall st funds that want to make money off of manipulation see that the stock can be broken.
I essentially think we're in Q1 2019 and the year of 2019 all over again when it comes to how Tesla is going to be traded for the next 2-4 months.......just at double the share price. I'm not really complaining. The company will come out of the incoming recession with more market share than it had before and the company is as strong as ever when it comes to the upcoming products. But the wall st manipulation machine is going to go full force again just like it was during Q1/Q2/Q3 of 2019 and most, if not all rally's in the share price are going to be capped and walked back down again and again. These are just my thoughts. It's not doom and gloom but I'm not going to ignore that the strength in the stock is broken at this point . We would need something like 90k deliveries and re-iterate of 500k guidance to bring strength back into the stock. I don't think we get a massive rally over the next couple of months back to the 700-800 level like I was anticipating before and that the 400 level is essentially the new 200 level from Q1 2019.