Definitely seeing that sideways movement now. Tesla's consolidating around $424 after the recent jump, with technicals hinting at overbought conditions. A breather here makes sense before any shot at the ATH
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We cannot ignore the macro environment either.
The challenge with all this is the impact AI is having. It is hard to see at the moment but things might be moving faster than expected. That means job creation will lag as others are laid off.
Easy to forecast where this might be going; hard to see where we are at now.
Macro environment is indeed a factor. AI's rapid pace is disrupting job markets—Tesla's recent layoffs in Austin, with ~2,700 jobs cut, reflect this shift. Job creation via AI isn't keeping up with displacement yet. Data shows a tough transition period ahead