Dropped to $222 (-4.20%) during market hours today, and now up to $231 (+3.84%) in after hours trading
VP of manufacturing, and Production Chief are leaving. Jim Chanos is going short. Musk keeps making promises and talking up the "imminent" future, but actual production is slow and some are getting tired. http://www.investors.com/news/techn...o-executives-ahead-of-q1-report-stock-slides/ http://finance.yahoo.com/news/jim-chanos-betting-against-elon-204237813.html
Reported after close yesterday (5/4/16) Earnings: EPS -$0.57 Revenue $1.6B Estimates: EPS -$0.58 Revenue $1.6B Up 4.04% pre-market
True, but all that being said it's had a pretty huge slide the last couple weeks. The downside might already by priced in. If PM is any indication it might have a small run back up on the news being 'not as bad as they thought' before the reality of it all sinks in.
Maybe TSLA can get rid of these old guys and hire younger guys, just as capable at half the salary! Its called cost cutting people!
I just don't see any way they are going to be able to fill all their orders by 2018 when they have never come close to those numbers. It's not as easy as it sounds to ramp up production that fast.
He can do no wrong! Also, as a fellow South African I have to support him regardless of how bad it gets! lol
TSLA hit an important Fib level at $228.64 (HOD so it was touched and rejected perfectly) and has been selling off all morning. $195 is still my target by EOM so long as the LOD ($211.73 which is a retest of a prior resistance TL) gets broken. $189 is even possible, tbh, so I'll just wait and see.
I was about to say spmething like "Nah, there's no way Tesla goes as low as 200", but looking at the graph above I actually reconsidered it.
throughout history the first companies to try or to succeed with doing new things have always had their ups and downs. (airlines, railroads, early automotive.....) I believe in what tesla is trying to do and think that they will be able to pull it off EVENTUALLY because their dream is exactly what the world needs. Hard to keep shareholders happy these days with the instant gratification that plays a part of traders lifestyles. STILL wish i would have bought when i looked at tesla at 22
The same people who squeezed this to 260 are the same ones shorting now, good luck betting against Elon.
I agree, there are plenty of reasons to not like TSLA fundamentals, but you can fight a cult stock like this when it starts rallying!
Tesla (TSLA) is dropping hard after earnings. The stock rallied from $135-$260 so profit taking was to be expected. Tesla (TSLA) will now have major support located at $200.
Tesla Motors — The automaker plans to issue $2 billion in new stock. The funds would be used to accelerate the production of its Model 3.
