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2017 Investor Roundtable: TSLA Market Action

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Looks like traders are selling the news. Hopefully this doesn't fall to far.
Looks to me like the shorts piled on to drive it below 300 and trigger stoplosses of weak longs to paint that exact picture and attempt to get the momentum to push it further.

The reasons that TSLA reached 300 are unchanged, and if anything strengthened by the ER. An EPS miss is... transient at best. TSLA was never intended to be profitable before Model 3, and we're still not there yet. Matter of fact, we're at the point which should look the darkest - right before Model 3 you have to spend a truckload of money to prepare, and won't see the corresponding profit from that investment for another couple of quarters.
 
Look at that chart! perfect head fake and dump out of the channel -
Screen Shot 2017-05-04 at 8.04.17 AM.png

and now look at this chart!

Screen Shot 2017-05-04 at 8.05.51 AM.png

Dec 5 trendline is finally gone... that's what you would've got with beat and maybe sanity during a conference call...

next stop 270.
 
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