Back to the good old days - just saw Tesla has responded to negative press comment with news of the launch (next year) of their self-driving taxi
If I was a gambling man I would say we are more likely to see $200 than $300 in the short term. Surely the issue of funding will rear its head again very soon? Were there not some bonds which needed refinancing?
Two interesting points from the results:- 1. The market is being readied for a cash call 2. Elon Musk admits he would prefer Tesla to be a private company A bailout bid on the way at some point?
The market is smelling blood with Tesla - now the company has confirmed it will raise cash, I cant see any recovery in the short term. More uncertainty.
What if a company with deep pockets and cash on the hip was to step forward. Mmmmm that sounds just like Apple?
Market/investor confidence is shot to pieces when it comes to Tesla. I doubt the stock can come back from this - the market appears to have run out of patience.
I think that the Tesla share price may have further downside with serious concerns about the company’s short-term capital strength. There will come a time to buy the shares, when all of the bad news and more is in the price, but I think there is further downside. In the end I think Tesla would be better off as a private company.
I expect a "dead cat bounce" at some point but the share price has been hammered by the market. Oh how the might have fallen! On the flip side, it might play into Elon Musks hands
I see a pattern of falling lows as all of the stale bulls bale out on any short term recovery and drag the price lower and lower. I would love to know the number of short positions which have been taken out on Tesla. I bet they are huge!
