An opportunity for stale bulls to sell up and move on or the start of a new phase in the company's growth?
If the company can deliver a profit for the next quarter then I think investors will pile back in. A tip back into loses and all of this momentum will be lost.
This one has firmly broken out of the downtrend and who knows where it could go. Looks like it could head for $400 a share fairly soon. I would prefer to see a degree of consolidation in the short term just to take some of the heat out of the rise.
It will be interesting to see if this profit is a flash in the pan or the start of a new era for the company.
Things at Tesla seem to be moving ahead quite quickly - the air of suspicion is lifting and maybe, just maybe, there is some short, medium and long term visibility emerging? Interesting times - I presume a potential fund raising is off the table for now?
The share price is saying so but I would prefer to wait for at least another couple of quarterly results before I change my cautious stance.
If Tesla really has turned a corner, how high could the shares go? Might a short term funding put a dampner on things? I would be surprised if they are not eyeing a fund raising to take advantage of the recent rise in the share price.
Is it a coincidence that the longer Elon Musk keeps quiet the better the share price performance? Bit harsh?
Yes, good point. It seems that whenever Elon Musk goes quiet the shares have a run and it looks like the company has turned a corner. Looks that way now but nothing is ever certain with Tesla lol
