He sold already flamethrowers and surfboards. He even had almost a mini submarine for saving footballers in caves.Maybe he can make a Tesla burger? I have never seen a businessman who was so unable to stay focused on his core business. Or is Musk maybe doing al these things to surpress his miserable emotions when he thinks about all the Tesla problems?
A trader I used to follow used to say, "If they don't scare you out they will wear you out" This feels like that.
For anyone capable of drawing trendlines, I think TSLA could be a buy now or above trendline on volume. Again, high risk this week with all the chatter. If still holding from previous buy remarks, perhaps wait for break. If I had cash to spare I would buy "another unit" now, watch stops but trust that stops are easy to take out. 270 still seems safe.
For weekend reading: en.wikipedia.org/wiki/Ivar_Kreuger "One biographer called him a genius and swindler. "Boiler-room operators, peddlers of stocks in the imaginary Canadian mines, mutual-fund managers whose genius and imagination are unconstrained by integrity, as well as less exotic larcenists, should read about Kreuger. He was the Leonardo of their craft." Ivar himself admitted to some extent that not all was above board when he said, "I've built my enterprise on the firmest ground that can be found – the foolishness of people." Perhaps Andrew Beattie summed it up best: "Ivar Kreuger is still a bit of an enigma in history. ...At times it seemed that he was a solid, if ruthless, businessman, and at other times he appeared every inch a scam artist. Between those times, he either built a match monopoly that overreached or orchestrated one of the biggest pyramid schemes in history."
If someone wants to listen to the call, 5:30 pm Eastern: http://ir.tesla.com/events-and-presentations
Electric flamethrowers, electric surfboards, electric mini submarines (sealed capsules pulled along by battery powered robots), electric burgers (self-cooking / self-immolating), electric AI auto-Twitter bots ... the possibilities are endless. I highly doubt that anyone here would follow your advice. If anything, they would probably trade against you. I'm not aware of any sensible retail trader who would knowingly set a 10% stop loss point in advance. By the way, you cannot talk about a trend before you define the time period first. Different timelines yield different / opposite trends.
OK, only a few minutes from close. Let's make an UP or DOWN call on TSLA, if you have made a real bet either way. I say DOWN. For an investor, it doesn't make sense to buy before an important earnings call. For a trader, it's a gamble where the 10% stop loss is meaningless in case of a big gap down. Yes?