Tesla Update
Tesla is the short that keeps on dropping while Elon Musk is the CEO that keeps on spinning and entertaining.
What fun it is to follow Tesla while being short the stock!
It's now closed at its lowest point in over 2 years and below its long-term up trend line, down 35% since December 1st. Beautiful!
Tesla is at the same price it first reached over 5 years ago while the NASDAQ, the index on which it trades, is up nearly 100% during that same time period.
That's all that actually matters, still it's fun to keep up with some of the nearly unbelievable rubbish that spews forth from the company.
Business Insider: Elon Musk's prediction that it will have a robo-taxi service ready by the end of 2020 is a 'publicity stunt,' an expert says
Yahoo! Finance: Analyst Calls Tesla’s Quarter One of the ‘Top Debacles’ in 20 Years of Tech
Reuters: Tesla junk bond spreads widens to a record after big loss
CNBC: Tesla cars are now 'quite old' and the exclusive brand is at risk, analyst says
CNBC: Tesla's CEO Elon Musk should not make wild forecasts, says Yale's Jeff Sonnenfeld
The Onion: Tesla Posts Massive First Quarter Loss After Self-Driving Car Absconds With $702 Million in Cash
We remain double-short Tesla and still believe it to be a generational shorting opportunity, especially if it manages a material rally.
What fun it is to follow Tesla while being short the stock!
It's now closed at its lowest point in over 2 years and below its long-term up trend line, down 35% since December 1st. Beautiful!
Tesla is at the same price it first reached over 5 years ago while the NASDAQ, the index on which it trades, is up nearly 100% during that same time period.
That's all that actually matters, still it's fun to keep up with some of the nearly unbelievable rubbish that spews forth from the company.
Business Insider: Elon Musk's prediction that it will have a robo-taxi service ready by the end of 2020 is a 'publicity stunt,' an expert says
Yahoo! Finance: Analyst Calls Tesla’s Quarter One of the ‘Top Debacles’ in 20 Years of Tech
Reuters: Tesla junk bond spreads widens to a record after big loss
CNBC: Tesla cars are now 'quite old' and the exclusive brand is at risk, analyst says
CNBC: Tesla's CEO Elon Musk should not make wild forecasts, says Yale's Jeff Sonnenfeld
The Onion: Tesla Posts Massive First Quarter Loss After Self-Driving Car Absconds With $702 Million in Cash
We remain double-short Tesla and still believe it to be a generational shorting opportunity, especially if it manages a material rally.
posted by C. Guinness @ 7:54 PM
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