The shares are edging closer and closer to that $300 level - if they fall through that support level could be in big trouble.
And we are off and running again! Despite negative press comment and many analysts waiting for Tesla to run out of money, the shares constantly seem to defy gravity - how?
The share price is suggesting that Tesla may have solved production issues or recent concerns were overdone? I am not sure - I think there is more downside in the short term. Anyone looking at Tesla, ask yourself why analysts have been talking down the stock for months and why some believe it is a bankruptcy waiting to happen - no stock has ever polarised views like Tesla.
Can’t say I am a massive fan of Tesla in the short term but you have to wonder where the share price would have been but for this massive criticism and constant flow of negative reports from analysts. Elon Musk has been there and done it in the past, is he one step ahead of analysts today?
He is not the only one to suggest that but like you I dont subscribe to that train of thought. I do think that hope value is playing a major role with Tesla but one day the company will need to deliver profits - probably sooner rather than later.
Another hit for the shares, another teaser from Tesla about new vehicle developments. All a bit too convenient now this strategy? Interesting read:- https://www.usatoday.com/story/mone...troit-3-tout-innovative-technology/994310001/
Looks like the shares are going to challenge the $300 barrier in the short term. It is interesting to see that SpaceX has been pushed into the limelight now that Tesla is under pressure. Is this another distraction technique by Elon Musk?
