Hey what's going on team, it's ricky with tackle solutions and a question everyone is asking today is what is causing tesla stock to drop even further than just the overall nasdaq market. A lot of you guys know that the nasdaq market is of just a composite of a lot of tax stocks, so it's heavily influenced by huge tech companies right. So this is why you're most likely seeing a lot of the tech stocks that you're investing in most likely pulling back today. If the nasdaq market continues to pull on back.

One of the things that we did notice is that tesla's pulling back more than just the average tech stock and uh first off. One thing that everyone is talking about is that tesla is down due to china issues uh solely with the idea that their sales are down this month in comparison to what they were before, and a lot of that has to do with just the pr issue with China and supposedly tension between the us and china. There are some form of concerns in in the china market that they're hearing where noises in the tesla. You know that uh for for some reason they are saying that you know.

Are we spying on them uh with these vehicles and as well as they have their own domestic uh, auto ev makers such as nio and another less popular one, and again no question that china is going to make sure that they do everything in their power to Push those ev vehicles versus something like tesla, where it comes from the us and again all the all the tension between the us. One of the things that i don't hear enough people talking about is today as of tuesday because of this tension between the u.s and china super unfortunate, which actually makes sense on why the market is pulling up or why the tesla stock is pulling on back is Tesla had plans to expand, and you know uh create a manufacturing plan in china due to demand right. I think this month they uh delivered a little bit over or they sold a little bit over 25 000 vehicles, which is more than they sold um in january uh. But incrementally it is down and their deliverables are just not there.

With the tension between the us and china to put in very simple terms, they are no longer going to proceed with creating this plant uh or this manufacturing plant in china, which is huge right. It just means that they're not expanding as quick as they anticipated, and it's so unfortunate that it's not even due to them, but it's due to, i guess, just the tensions between the two countries. You can say whatever it is that you want in the comment section about that and your thoughts. It's at the end of the day, just unfortunate news, uh, and i would say it i i can't say that it's out of tesla's control, but it almost feels like it's out of tesla's control right.

One of the things that i want to share with you is you know: what do we make of this um? I'm surprised uh. This is actually a conversation that we had uh within our live stream today with the learn plant, profit group and i'm super glad we did because you guys know that i'm invested in tesla right. You guys know that you know i have quite a bit. I have hundreds of thousands of dollars in tesla um.

I saw tesla drop uh below 580 580 during the pre-market session um, and i was eager to double down on my position. I wanted to go in with you know: 1500 shares um, and i held back because of the simple idea that we don't know how much worse this can get right. There's another accident in the united states. That was a fatal accident.

If i'm not mistaken that it's just created a lot of pr issues as of right now with tesla and it's really driving the price down, so am i going to be closed-minded and just average and double down every time it sells off, or am i going to Try to do it effectively and stay well balanced, and this is one of the things that i want to share with you. We all have different plans and we all have different intentions, and i hope that you can use this approach if it makes sense to you and if you see value in it to whatever it is that you're invested in and my biggest thing is no one. That is investing uh or that only bought one share of you know. Tesla is freaking out right now right because let's say you have uh, you know ten thousand dollars in your trading account or your invested account, and you only bought one share of tesla.

It doesn't even matter if you bought it at seven hundred dollars a share right. You are so lightly invested that it pulling back four percent like yeah. It does suck you're down on the day, but it's not a dollar amount that most likely affects you, um versus someone. That's fully invested, it's down four percent and you're.

Like it's the end of the world. I have no more buying power. You know i don't want to do this anymore. Your attitude towards the market is just you're discouraged and i get that and all i'm here to share with you is put yourself in a position to succeed.

So, going back to the idea of i was gon na double down at five. Eighty right, i decided not to i decided to only buy 25 shares. I get 25 shares might be a lot for someone for me. It's 1 120 of what i you know could potentially invest in, and it's all relative to your account size to your experience and to what you can tolerate.

Don't just think right and i'm telling you this as i'm someone that's invested in tesla, don't buy tesla today if you think that it's going to recover tomorrow, if that's your plan, where's that plan coming from tesla's bearish right now, it's receiving really bad news, and yes, It could potentially recover, but it wouldn't surprise me if it takes weeks from now right. It would not surprise me if tesla continues to sell off and it's so mind-boggling right when i was going back and forth thinking about how should i approach this red day? I knew it was going to be red - that's very unfortunate news that tesla's no longer expanding to that china market right with their manufacturing plant. I knew the market was going to be down more for tesla. So am i going to double down? Well what? If it continues to sell off, i just put myself in a worse position for my future self, so instead i want to keep it tasteful.

I want to make sure that my attitude towards the market is not determined by my aggression on how i average down to a fallen position, and i think that's what really made the difference for me. Is it really allowed me to focus on what's important and there's no question, i see long-term value in tesla. You can agree or disagree, but that's my focus and that's why i want to do it in a tasteful way. I want to incrementally buy when it makes sense to me not so much that oh, it dropped i'm going to have to double down now right when, when i feel like people are approaching that way, sometimes yeah you might get lucky, but more often than not, and I think a lot of you guys can agree with me if something was bearish.

It's most likely gon na continue to sell off, and you just put yourself in a worse position. So i wanted to share with you on how i plan to do it and it's with the simple idea of keeping it tasteful. I want to have enough money in whatever it is that i'm invested in that. I feel motivated and i'm eager to follow up with it and that i'm not scared to buy with certain position sizes that i understand my intention.

I don't mind, holding tesla for a couple of months even a year right, because i see value in it. So i can't expect it to recover right away versus someone that goes all in and then gets upset that tells us down 10 next week. How is that a surprise right? If you look at tesla on the 180 day chart it's been selling off. So what made you think that it had to recover? Just because you bought it, you have no influence to the market.

I don't you, don't we all don't right and with that simple idea in place, it wouldn't really surprise me if it continues to sell off. So i wanted to make sure that i set my future self up for success that i take advantage of deals when i see them, but i do it in a tasteful way. So my attitude towards the market stays positive and that is all dependent on your position. Size do it in a tasteful way.

If that makes sense to you, i wish you guys nothing, but the best i wanted to share with you guys on why tesla was pulling on back. I saw and heard a lot of people talking about. Tesla and yeah sales were down, but the biggest factor, in my opinion, had to be the due to the tension. They're, just no longer expanding with that manufacturing plant in china, which is of course, sad to hear uh, definitely not a step in the right direction, but we'll uh we'll see where we go from here.

So i hope that i earned your thumbs up. Uh feel free to share any thoughts down in the comment section. Don't forget to stay connected if you guys want to join our free facebook group, it's absolutely for free. 312.

000 members. That's that first link in the description and again i trade live every morning and i work exclusively with the learn plan. Profit group, if you want to tune in tomorrow, click the second link down in the description and we'll see you tomorrow at market open. Until then, like always, let's make sure that we in the year on a green now take it easy team.