The FUD Surrounding Tesla And Crypto: Very Similar

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It was announced there was record production out of the Shanghai factory, topping 100K vehicles produced in a month. A couple hours before that, Reuters reported that Tesla was cutting production by 20% due to low demand.

In this video I discuss how the lies surrounding Tesla and crypto are very similar. We see stories floated that are obviously made up and absurd yet the media latches on to them.


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Reuters and Bloomberg are doing a good job of bringing the market to where it is supposed to be. At the end of the day people who know what's up see these obituaries and buy more. Their reports don't change investors' research before investing and a drop in price will only make people invest more.

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Summary:
In this video, the speaker discusses the recent example of FUD (Fear, Uncertainty, and Doubt) surrounding Tesla, linking it to the challenges faced in the cryptocurrency world. He addresses a story by Reuters claiming Tesla would cut production in China due to waning demand, which was contradicted by reports of record-breaking vehicle production in China. The speaker emphasizes that such negative news resembles the FUD seen in cryptocurrency markets, with entities like Bloomberg known for criticizing cryptocurrencies. He advocates for Tesla to continue building and growing despite the FUD, drawing parallels between Tesla disrupting the automotive industry and cryptocurrencies disrupting traditional finance sectors.

Detailed Article:
The video starts with the speaker highlighting the ongoing issue of FUD surrounding Tesla, drawing a comparison to the hurdles faced in the cryptocurrency space. He mentions a recent story by Reuters alleging a 20% cut in Tesla's production in China due to declining demand. However, he quickly refutes this claim by pointing out that Tesla had actually achieved record production numbers in China, with over 100,000 vehicles produced in November, a substantial increase from previous months.

The speaker dismisses the Reuters story as a "hit piece," possibly orchestrated by short sellers or the Chinese government. He argues that despite any potential decline in demand in China, Tesla could still export vehicles to fulfill orders from other regions where there is a waiting list for Tesla vehicles. He stresses that similar to the FUD tactics in the cryptocurrency space, such negative news does not reflect the actual growth and potential of Tesla.

Furthermore, the speaker discusses the importance of focusing on Tesla's continuous development and production, despite the efforts of FUDsters and short sellers to manipulate the narrative. He emphasizes that quarterly earnings reports will ultimately reveal the truth behind Tesla's performance, showcasing the company's actual sales figures and production numbers.

Additionally, the speaker delves into the parallel between Tesla's disruption of the automotive industry and cryptocurrencies revolutionizing traditional finance sectors. He equates Bloomberg's critical stance on cryptocurrencies to Reuters' negative reporting on Tesla, suggesting that both disruptive forces face similar challenges from established entities.

As the video concludes, the speaker encourages viewers to remain optimistic about Tesla's future trajectory, highlighting the company's potential impact on sectors beyond automotive, akin to how cryptocurrencies are reshaping the financial landscape. This optimistic outlook is underlined by the speaker's belief in Tesla's resilience against FUD and the importance of focusing on long-term growth and innovation.