Is Tesla (tsla) In Trouble?

Discussion in 'Investment Charts' started by longtermbull, Jul 26, 2017.

  1. fireopal

    fireopal Senior Investor

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    shoulda picked some up on Friday but this thing is crazy & probably would have headed even lower than $250 ranges if i bought so i sat on my hands this time :mad:
     
  2. gowiththeflow

    gowiththeflow Senior Investor

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    I really dont see a way out for Tesla. If, as they should, they reduce the power of EM, that will limit his creative capacity and, as he has pushed the company to where it is today, that cant be good for the share price. If he remains in total control, and seemingly answerable to nobody, then his personal reputation will have a massive impact on the share price which is wrong.

    Very difficult situation - maybe the company should go private?
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    In the short term I fully expect the buyers to dry up and the sellers to take total control. They will push the price down to levels where it will be very hard to raise additional funds. This might prompt a "rescue" takeover :) Watch this space.
     
  4. gowiththeflow

    gowiththeflow Senior Investor

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  5. longtermbull

    longtermbull Administrator Staff Member

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    It is not looking good for Tesla with competition growing and investors looking elsewhere for their electric car exposure. I also see that the British caver who was allegedly slandered by Elon Musk is now taking action in both US and UK courts. This will lead to an array of negative headlines again which will not help the image of Tesla or the share price. Or will Elon Musk bite the bullet and offer compensation to close down this shocking chapter in his life?
     
  6. longtermbull

    longtermbull Administrator Staff Member

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  7. Chartman

    Chartman Senior Investor

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  8. longtermbull

    longtermbull Administrator Staff Member

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    It is unfortunate that one of the best business brains in the world now finds himself in such a mess. We know that red tape and game changers do not go well together but the warning signs have been there for months. Rather ironic that his attempt to announce a takeover and "burn the shorters" has infact made many new shorter very very wealthy people.
     
  9. gowiththeflow

    gowiththeflow Senior Investor

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  10. gowiththeflow

    gowiththeflow Senior Investor

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    I am going to take a different tack on this one - as EM is pushed away from the limelight to "get on with development" I think things will start to become a lot clearer. The news of increased production and better than expected sales was a welcome change from the negative news which has followed the company of late. Just whispering it quietly - is this the real turning point for the company?

    Management shakeup, less influence for EM and a more balanced board to hold EM to account?
     
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