since who wants to buy a $80,000 toy with the stock market about to take a 25% haircut. Oh and should we mention that Tesla is now losing money at every overseas location it tries to sell it EV. We're talking a huge loss from China, Europe and other overseas operations all of which the U.S. market can't compensate for. Will oil dropping and staying cheap for the next decade, Tesla (I'm afraid) is toast.
Tesla upside potential from here pennies, but downside potential HUGE. Why go long when you will make very little (short term/longterm), but risk losing thousands of dollars if panic selling kicks in and Tesla drops through the floor. If stock can rocket up over last few years it certainly can nose dive down on missed earnings or weak forward guidance. Be careful here or you could lose your shirt.
and possibly more after you read this.
Tesla Motors Inc (Nasdaq:TSLA) shares were pummeled Monday as investors watch prospects for luxury-car growth in China practically evaporate in the biggest market selloff in Shanghai since 2007. German car giants Volkswagen AG and BMW, which are heavily exposed to the Chinese market, were also deep in the red.
“China is the world’s largest auto market. If there’s a long downturn in China it would hit luxury carmakers,” said Theodore O’Neill, senior research consultant of Ascendiant Capital Markets. “The expectations are extremely high for Telsa’s growth rate and I think they could miss their growth targets by a mile.” Especially with China now out of the picture.
Fed told world markets know rate hike until the end of 2015. Oil goes higher as world volatility increases.
and its coming to a theater near you really, really soon.
Hard to bend lower when you tongue is already touching the ground as Germany stands ready enforce male dominance. Of course the Greeks might have other plans so be prepared for fire works next week and beyond.
IMF will not lend Greece money unless Germany takes a 50 billion dollar haircut. Since Merkel's current hairstyle is closer to the three stooges and only requires a cereal bowl for styling I don't see Germany accepting any Greek debt off their books. In fact as we type, Greece debt interest increases millions a day, if not more.
or break even going long. Can't wait for a 300 point Dow sell off and tvix jump a whole 1%. What a JOKE
Never fight the fed especially when odds say Yellen hits the Rate Hike button in September and send world markets SOUTH.
Gold down in After Hours so that tells you we have not bottomed. Hard to bottom here when analysts say gold will be $800 an ounce when Fed jacks rates in September.
because the IMF says Greece future "is dead man walking". And as Christine Lagarde says "you never ever lend money to a dead man". Much less a country that doesn't collect taxes, offer early retirement at fifty and believe is three day work weeks. No IMF money = Default in 45 days or less. You've been warned.
and reason why are simple, Both countries know Gold will fall hard with Sept. rate hike but Russia need money bad now - especially with oil in a free fall. China hold way to much gold and has to dump or loss billions of dollars over night if gold has a 20% correction. What goes up must come down - and we're talking way down for this tarnished yellow metal.
and everyone thought the first of many rate hikes would be put off until 2016. Not going to happen now especially with the Fed facing major heat to act sooner versus later.
Yellen just came out and said - Federal Reserve Chair Janet Yellen sees a number of encouraging signs that the economy is reviving after a brutal winter and says if the improvements stay on track, the Fed will start raising interest rates later this year. So long - Longs - September Rate Hike is LOCKED IN AND LOADED.
Agree - Should see DOW down 100 to 200 points knowing Greece will never pass what Germany and Finland expect. We still have a Mexican stand off and come Wednesday the "Fat Lady" will no sing in Athens because Greek legislators don't have the stomach to approve what the hate.
and the Bulls will be crushed tomorrow/Monday when Syriza party and Merkel kill all this mumbo-jumbo talk of some deal. Ain't going to happen when you have a Marxist government calling the shots and a Strong German leader who says "No More Free Euros's" to the Greeks.