Shares are in real trouble now! I see someone suggested that Apple would do better with EM at the helm - maybe then Tesla directors might learn to full appreciate him?
I think Tesla investors need to decide whether they see Elon Musk as an asset or a liability. Where are the new directors in control? How are they addressing investor concerns in the short term? From what I see they wheel EM out when there is bad news and take all of the credit for any good news.
Each recovery in the share price then sees the shares sink lower and lower - the graph suggests that stale bulls and shorters might be selling into strength?
Ever falling lows is not a good sign on the graph. Looks to me like shareholders are looking to bail out on each short term rally which depresses the price and pushes it further and further down. A classic bearish chart pattern
If the same pattern continues, the shares will fall down to the $240 level. What does the market want to hear? I am confused
And the move down starts again - where is EM when we need him? Silenced by the board? Or on his way out the back door?
Good point, why has EM gone so quiet? Has he been silenced by the board, the SEC or is he backing off from the business? While every investor and analysts has taken chunks out of EM they would certainly feel the financial pain if he left the company and took his innovation with him.
That is some bounce from $260! Next resistance is $318 and after that there is a clear run to higher ground. I dont think I have the nerves to invest in this one lol