You are a shrewd Investor . You prove the theory " A fool an his money will soon be parted".
If a company continues to loose money every quarter for the past 3 years , the stock price will sooner or later reflect it . They couldn't show a profit in the best of times. They have excuses for everything that goes wrong. They sell their products at a loss. Who would bet on a company like this?
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.