Move up on the China story. I'm not sure about the cars, but Musk is very good at producing stories out of nothing. The Tesla China website is up, the press picks it up and it becomes a story, Tesla opens a new showroom somewhere - another story, somebody buys Tesla with bitcoin - a story, some chinese guy bought first tesla in China, call the press. These non-event stories is what is propping up the price of stock.
Sounds like a logical conclusion. With the charging stations its all about reaching the critical point in a given territory. It would only make sense to focus on the USA and forget for now other markets. The fact Tesla is doing the opposite and stretches its limited resources attacking different markets at once makes no sense. It could only make sense if the USA orders are drying up.
Thanks rroach76. This is my feeling tool. This F&E division is not critical to Kemet and causes them only grief and losses. Yet, inexplicably they hang onto it. This has gone for three or more years. They cut a lot of cost from F&E by moving almost all production out of Western Europe to cut costs and improve productivity. Less problem with unions and so on. Yet the F&E is still not profitable. It just bleeds less money. When will the management decide that enough is enough?
Check it there.
Is it so? That what posters wrote after the first fire!
Nothing has changed. It is still the same defective car with huge, flammable battery stuck underneath.
The new guy in NHTSA, Friedman is a green enthusiast. Can we safely assume that he will just terminate the fire investigation because of his pro green politics? I assume this is the case and the whole NHTSA investigation is over for now.
Till the next fire which is likely to happen again since little design changes were done to Tesla S.
You need to compare apples to apples. How many new EV vehicles catch fires? None, only Tesla is the exception. Tesla of all EV cars likes to catch fire. Volt, Ford, Leaf, BMW i3 do not.
The other thing that tells me this is short squeeze is the relatively low volume. Shorts are not fighting this thing today but are the ones that are buying. It has to blow over. People with margin calls have to cover. Hopefully it will be over today.
I wished I were a genius and foresaw this rally today. The hardest thing is to figure out and time the crazy mob behavior.
Sentiment: Strong Sell
This is a bold play, but it might work for you in spades. Just don't do it on margin. Timing this crazy mob behavior is difficult. Do longer term puts like 2 or 3 months out.
We are most likely in the short squeeze. The stock is worth maybe $40 or most likely less than that, but the short term market forces take precedence. Once the squeeze is over then it will be time to short this POS. It will go down as fast as it is rocketing up.
At this point any news is interpreted by the Musk cult followers as good. So they keep on bidding up the price. The trick will be to catch the top and short this pig.