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Tuesday, July 1st
“Make no mistake about it: We are At War now ― with somebody ― and we will stay At War with that mysterious Enemy for the rest of our lives…
“This is going to be a very expensive war, and Victory is not guaranteed ― for anyone”
– Hunter S. Thompson
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Markets Today
🌏 Asia-Pacific: Down
🇪🇺 Europe: Down
🇺🇸 United States:Mixed
🛢️ Oil: Up
⚡Crypto: Down
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Major Market Events
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Trump vs. Musk feud reignites, TSLA drops 5% — Elon slams Trump’s “big, beautiful bill” as threats of deportation fly on social media.
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Senate passes Trump’s megabill — Tax and healthcare overhaul heads to the House, with major implications for business and markets.
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Dow jumps, Nasdaq slides as tariff worries return — Markets react to Trump floating more trade penalties and extending tariffs.
🤔 My Thoughts
Elon’s beefing with Trump again… and surprise, surprise: Tesla’s bleeding.
This happens every time these two go at it. Elon tweets, Trump claps back, and the market decides TSLA is too hot to hold.
Big gap down this morning — and we’re hovering around that $300 level that I’ve had marked on my chart for months.
If this spat keeps escalating, I wouldn’t be shocked to see a full-on drop back to $270. That’s the level I’m watching.
Not long right now. Just waiting. If we get that dip, I might jump in — but probably using a debit spread or a play on TSLL to keep things cheap and risk-managed.
Oh — and on the robo taxi side? I do think Elon won the camera vs. Lidar war. Just saying.
Anyway, keep your eyes peeled. TSLA volatility is back, and there might be a real setup coming soon.
To Better Trading,
Alex Reid
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