Thoughts? As much as I would like to invest in (rather than merely trade) TSLA, Elon now seems to get a kick out of drilling his own stock price, maybe looking forward to the satisfaction of gloating in front of the SEC and the short sellers, as his "master plan" begins to take shape and the stock price climbs. He seems deliberately to be making investors decide if they are with him through thick and thin, surge and sell-off, rather than trading his company in the short- to medium-term, not dissimilar in theme to his disdain for short sellers and naysayers generally.
TSLA is down after-hours, again, following his twitter jab at the SEC. Under normal circumstances, even after the broader sell-off today, I would regard this is a good entry point; but who's to say he wont pop off next week and send the stock down 5 points and grab headlines for all the wrong reasons? There's a distinction to be made between a risk/reward stock on the one hand and apparent self-harm on the other. Of course he’s a fiduciary so he can’t be seen to be doing that, but boy if he isn’t cutting it increasingly close, which seems to be his point, which is my point.
Submitted October 04, 2018 at 08:52PM by HPScotts https://ift.tt/2zTolRh
