Tesla co-founder and chief executive Elon Musk has shared the first images of the electric car company's Model 3 after it came off the assembly line. Mr Musk tweeted a picture captioned "First Production Model 3" on Saturday. The entrepreneur followed it up with another Model 3 photo, this time in colour, outside the Tesla factory site in California. The Model 3 is Tesla's first mass-market car and the first 30 owners will get in the driver's seat on 28 July. The four-door Model 3 will then be available to the public, with a base price of $35,000 (£27,100), almost half that of the Tesla's next-cheapest model. Tesla's share price more than doubled between December and late June as investors backed Mr Musk's strategy to transform the low-volume luxury electric car maker into a producer for the crowded mass-market, but has since fallen back.
It appears that Musk will be the owner of the first Model 3. Link: https://electrek.co/2017/07/09/tesla-model-3-production-first-video-interior/
Couple of weeks ago people buying over 380. Nothing changed. M3 is here, ahead of schedule. So, buy now, lower price. Much better.
After the huge selloff last week, will the tweet by Elon Musk of the first production Model 3 car cause Tesla to rally this week!
Looked like it was gonna dip a bit today, but recovered for an almost 1% gain on the day. Maybe the bottom of this recent pullback is done?
The consolidation dating back to February 2014 appeared to resolve itself by breaking up and out of the range. The deliberate rise beginning in December of 2016 had the look of ownership in strong hands. However, could the last 3-1/2 years been distribution by the CM to the public and the recent breakout only an upthrust after distribution; the final selling and getting-short by the strong hands? Is the stock now owned predominantly by public funds and specs, fractious owners who are unable to support the price, owners with footprints of wild volatility? Maybe, but personally I'm optimistic this recent correction is just a buy-the-rumor sell-the-news type of reaction by the public; a shake-out of those weaker public longs and a retest of the breakout area. But I want to see the supply dry up before I step in. I want to be sure there are no more sellers. Weekly Sticks (last bar only includes Monday's close)
First wave of sellers finished last week, so some bargain hunters stepping in. I think they may be a bit early.
No stock goes up in straight line retracement/ consolidation then uptrend is healthy buy the dip and use your common sense if you have any.
Stock futures jump as Yellen testimony signals gradual rate increases ahead http://www.cnbc.com/2017/07/12/us-markets-seen-mixed-ahead-of-yellens-congress-address.html
