TSLA Crashes to $5 per Share

Explain.

 

https://en.m.wikipedia.org/wiki/Extrapolation

 

C'mon dude. You explain it in your words. What did you mean in the context of this thread?

 

I just wanted to say, that when an asset x takes a plunge (or rise) for a few weeks, media /or people always enchant this as the new trend. Negating the fractal nature of markets.

Not that trends do not exists, just another perspective. Absolutes are not that often, probabilities are.

 

Well Tesla is down about 7.81 Twitters since Elon bought the blue bird of happiness. That's "short term" I guess.

However, TSLA topped 61 weeks ago, and is down 73.76% during that time.

At what point can we call it a "trend?"

 

Nope, nope, nope not a trend yet - 1.618% more twitters to go

 

At what point do we call it a Trend?

At what point do we pronounce it dead more likely.

 

In after hours TSLA down 50 points from the OP.

Only 101 left to target.

 

“Our sense is the company’s market share has peaked and concerns about its over-reliance on China for profits and the factory shutdown are weighing on the stock,” said Jeffrey Osborne, an analyst at Cowen. Tesla “appears to have burned through its backlog as they are resorting to promotions to move cars and delivery lead times are 1-2 weeks in the majority of the world.”

Yhttps://finance.yahoo.com/news/tesla-deepening-rout-obliterates-half-143652547.html