TSLA showing cracks?

TSLA showing cracks?

With TSLA going in the past few days from 130 to 110 and now back up to 120, it seems the market is a bit on edge about this stock. They report earnings on the 23rd, and with the incredible run up it's had in the past 3 months (40-->120) I get the feeling that if they don't blow people away this stock has the potential to crack pretty violently.

With articles coming every day for and against TSLA, I generally believe it to be vastly overblown stock. They are never going to be able to sell enough cars at $80k to be extremely profitable, and 5 years is a long time to wait with no profits for the time they supposedly have a $40k model that will ready for mainstream.

Thoughts?

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18 July 2013 at 02:27 AM
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