well. It could happen. just look at the highly respectable, mighty and powerful GE. IT is now penny stock.
When I worked for AMAT through the dot com explosion, crash, and after, we went through many cycles like that. They and many other tech companies that go through big boom and drought cycles are still around. People have been saying Tesla is dead for years. Yeeeears... I think many are the same bears betting the market will crash to new lows since December. One day later this year, next, or years later it will happen and the person will say, "SEE!! SEE!! I PREDICTED IT!! It crashed! I told you!!" Ha. It's a new car company. Everything for them is a 1st, that's never been done before. Buying a car online, 1st car, suv, 2nd car, smaller suv, semi. Before and after every new model a group pops up, "oh they're going to fail, they can't do it, they're going under, sales are down, production not met, problems, problems" Of course there's going to be hic-ups. Everything they are doing, it's the first time anybody has done before. At least they're in good company around the best culture that supports it. The home of creating new ideas that nobody has done before, nobody believes can be done. (Netflix, Intel, AMD, Nvidia, Amazon, Apple, FB, eBay, Google, HP, Oracle, TiVo, Adobe, Cisco) Everybody within an hours drive of each other. There's no such thing as, "it can't be done'. Everybody in town is doing what can't be done and has never been done before and always pushing the limit. If TSLA were in Detroit, I'd be sceptical. Big companies like Tesla only "disappear" in SV if they don't reinvent themselves, innovate, when technology changes or advances. A competitor does something better or their industry changes and catches you off guard. "Crap, you mean we don't do floppy disks anymore? Compact Disk... it'll never take off.... Google? They just search the internet.... Just ignore them.." Good bye, bankrupt. Where's Motorola? Nokia? Palm? Netscape? AOL? Commodore? Atari? Memorex? Sears? Blockbuster? In the car industry, that's EVERYBODY ELSE. Tesla are the MOST advanced and years ahead of any other car company in electric technology. Germans, British, Japanese, and the Big 3. They also have the largest global network of Super Chargers for their cars, which are again, years more advance than anything out there. The future is self-driving technology and they are years ahead of everybody there too. Let the bears have their way for a bit with TSLA, but it'll return back up. In the short term, I easily see price returning back up to 212.50, 215, and 220 to grab the stops for some liquidity. Where it goes after will depend on how it gets there. One day in the future, maybe they might buy a struggling Chrysler/Dodge, or buy out their closed factories to make more vehicles in the USA. (no I don't work for Tesla, or own one, but am planning for one)
Me too, but there is nothing strange about that. Generally there are huge short covering rallies while a bad company goes down. What you forgot to account for is a recession coming, that would kill Tesla faster than anything. The next 2 quarters will be the same production numbers (no growth story anymore) and below expectations, I say only 80K cars. That would give them a 300K annual production, way below guidance. So the magic is gone, but the losses aren't. And they simply don't have money for capex and inventions. In the last 6 quesrters capex has been going down. Now if they find an idiot who will give them another 2 B comes November, then they can survive another 6 months.
I have never seen a car loved as much by owners as Tesla in recent years. I think the "demand" thing is slightly out of whack. What they probably mean is affordability, which I can agree with. So Musk is going to rent you the Teslas which I'd be fine with.
Don't get caught in a short squeeze. Take your profit. I rode it down from ~$250 and sold a single put yesterday(?) which will probably expire ITM
In the car industry, that's EVERYBODY ELSE. Tesla are the MOST advanced and years ahead of any other car company in electric technology. Germans, British, Japanese, and the Big 3. They also have the largest global network of Super Chargers for their cars, which are again, years more advance than anything out there. The future is self-driving technology and they are years ahead of everybody there too. These statements you make are not true. 1. All the majors have EVs and they are all competitive with Tesla and have a better ability to scale sales and service profitably. https://en.wikipedia.org/wiki/List_of_electric_cars_currently_available 2. There is nothing "years more advanced" about plugging a car into the grid. 3. Autonomous Vehicles are being worked on by all the majors and none of them, including Tesla, have anything ready right now. Nor are the laws in place that will allow them to share the road with the rest of us even if they were ready right now. http://www.ncsl.org/research/transp...elf-driving-vehicles-enacted-legislation.aspx I'm not here to beat up on you as a person or Tesla as a company, and without a doubt Elon Musk is one smart bad ass but when I hear some people talk about Tesla/Musk I feel like I'm listening to a Jehovah's Witness.
Yeah, let's leave Musk out of it. Elon Musk should be on Time's cover as an African-American of the Year. Every year.