Oh, just a car crash... I thought by crash you meant the story with Elon and the Nazis: https://jalopnik.com/elon-musk-s-weekend-of-tweets-ends-badly-and-with-actu-1826352874 The pressure of bankruptcy is finally getting to our favorite Afrikaneer...
This confirms my worries about the so called Autopilot: https://gizmodo.com/tesla-agrees-to-settle-class-action-suit-over-essential-1826347101 Part of the article: Tesla agreed this week to a settlement in a class action lawsuit filed against the company by buyers of Tesla vehicles who alleged the company semi-autonomous, assisted driving feature was “essentially unusable and demonstrably dangerous.”
CNBC reporting Consumer Reports has reversed their opinion on the Model 3... I guess Elon's software update worked. https://www.cnbc.com/2018/05/30/reu...la-model-3-after-braking-software-update.html
Those 6/01 $300 calls were $.30 when that news broke. Why I didn't buy 100 contracts is beyond me. !@#$%@#$%$%^& 6 bagger.
Darn, now that you've mentioned it, I'm asking myself if I should break the rule on position size and chase this thing up with those calls. It looks like TSLA might get close to $300 later today or tomorrow. Perhaps for day trade only, since current week options suffers fast time decay. $295 might be a psychological resistance point, but once it's crossed, $299 might be hit within 15 minutes. The last 15-30 minutes will be interesting.
Another crash, this time someone that I think was famous got killed, AP was engaged. I give up, the bear case wins, this is bad. I'm selling. https://www.clickhole.com/more-bad-...urce=Twitter&utm_campaign=SF&utm_content=Main
TSLA failed to get even a 5% jump on the news. A far cry from the days when TSLA would jump 5% or more on bad news, eh? The way things are going, TSLA is more likely to hit $60 instead of $600 over the next year.