Having surged as much as 7% pre-market – despite missing its deadline for the milestone of producing 5,000 Model 3 cars in a week – it appears the humans have now read the reports (rather than the machines), and Tesla’s stock price is tumbling…
Well that escalated quickly…
“I think we just became a real car company,” Musk wrote earlier.
But as Jeremy Acevedo, manager of industry analysis at Edmunds, said:
“erecting a tent and cramming in extra shifts aren’t necessarily the signs of a company on a sustainable path”
And judging by Tesla’s bonds, it has a long way to go…
Let it die. The sooner the better. POS!!!
Tanking? Down 2.5% is now tanking. More hyperbole from ZH. Try reading the units on those charts. You can’t. I wonder why?
Don’t get me wrong, I think Musk is a charlatan and Tesla has a dicey future.
But a 2.5% loss is not tanking.
“But a 2.5% loss is not tanking.”
Reminiscent of the “Muh end of the world, 666 point DOW tanking” earlier this year huh?
But Tesla!………Muh future of the world!
There’s just no way they’re going to make it on 3 or 400 million dollars a week.
300 million of profit????
They are going to make up for the loss on each unit sold by increasing volume. That always works.
“By the way, I am actually a socialist. Just not the kind that shifts resources from most productive to least productive, pretending to do good, while actually causing harm. True socialism seeks greatest good for all. ———– Elon Musk / June 16, 2018
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http://www.govtslaves.com/2018-06-18-elon-musk-proclaims-hes-a-socialist-other-peoples-money.html
Tesla is always Tanking. I’m in New England today. Pulled into a rest area. Two brand new shining Tesla fueling / charging rigs.I sit taking my break but no one pull in for a charge.
Tesla is still rocking out doing great set lists/awesome shows!
Tesla tanking,hardly!