On a generic note I believe the sentiment right now is very negative having its impact on most predictions and assumptions. Thats nothing new and clearly human.
Having lived through many crisis in a stock markets I remember very well each time everybody telling me but this time everything is different. Thats true to a certain extend because every bear market was caused by different matters and in its situation unique.
Beside that I believe the US in terms of corona has still the worst to come but I see first signals here in Europe that we may be near peak and some countries may even have passed it already. China (
Jay in Shanghai #SaveChad on Twitter) and Asia have it clearly behind and I hear from many sources that business is going better and faster up than expected.
Here in Europe we still have a long way to go and the ramp out of this mess will not come with one big lift of regulations but in phases.
Having said that listening to car buyers here in Europe I do not hear that much about Tesla cancellations but many who praise the advantage having an Tesla in this times. Deliveries are ongoing and many pay even €800 extra to get the vehicle delivered home even if they don't have plates yet and won't for a while. Some frustration is rather been seen that they can't really sell their used ice any more which is something I did predict a while ago but well who could have assumed all goes that quickly. Just read from someone that ordered 5 days ago and received the car yesterday. Certainly inventory will be higher than wished for.
Despite a recession will happen without a doubt the question is still what kind of recession. I am with Ark Invest that we will see a V shaped situation but even a V can have different shapes. For structural reasons I do not see a longer U recession but 2020 will be no good.
That does not mean that 2020 will not be goof for Tesla though and it does not mean that TSLA will perform bad. My assumption is that the negative sentiment for ICE companies is justified but Tesla will do much better.
Mostly ignored the GF Berlin is ongoing with just about a week delay and contracts are given even for the Energy supply next year.
So, in short I don't see this to last extremely long and for long term investors it won't change much. In a recession disrupters do better than incumbents and I believe exactly that will happen.
Stay positive and.. my next video (#2) will be online soon.