TSLA Sells 50,000 cars a year. Ford sells 50,000 a day. Doubled their their sales in China from 5 cars to 10 cars.. No demand for electric cars. All their sales were in California . Negative cash flow. Only reason to own this company is possible use of battery for solar and 25% shorts.
I have been investing in stocks for 40 years. I can't see how anyone can make a case for owning this stock. I bought Taser when it pulled back to $17.00 after the first Ferguson event. I believe Taser's valuation is a little rich right now, but it is the right stock because of the events going on now, and the need for their products.
The next quarter they will lose even more money . It always lasts for at least 6 months . You are beyond stupid . A company that continues to lose money with no hope in site, is the worst investment you can ever make. But you will defend that style of investing because you live in the bizarro world. You will ride this stock down to $6.00. Then you will learn a lesson you will never forget. But in your case you will do it again.
$24 Price Target .
That's a lie. Check their income statement. They never made a profit going back at least 2012. That's the last year listed on their profile.
There are smart big time investors who look for very heavily shorted stocks. They buy big blocks of the stock to make the shorts cover, then sell into the short term rise in the stock . when the percentage of shorts drops low enough they leave. Then the stock trades at its true value. In almost every case the stock plummets because the shorts are almost never wrong.
Nice sales estimate if they didn't loose money on every thing they sell . Profit margins minus - 82.65%.
1 company that takes bets on soccer games and has 71 million dollars in debt and 6 million dollars in cash. Trying to get healthy with a fantasy sports website.. Rumor has it they will get a loan from Nick and Tony's Bank.