I agree, Spacekadet. I'm a first-time poster but long-time lurker. I've learned a lot from you guys and I agree with long-term sentiment. But since this is a forum for short-term price movements, everything points to short term further losses:
1) We still have fallout from the earnings report as retail investors slowly let the news sink and and decide what to do.
2) Now the fire, which if you'll recall the first time it happened, completely reversed an otherwise bullish momentum and led to a $10-15 drop. Now, the fire is coming on top of underlying bearish momentum.
3) The shorts will be unleashed again at the end of today's trading day.
4) If you look at news reports over the last 24 hrs, everything about TSLA is negative. This affects retail investors' perceptions, even if the reality is different.
The only bullish sentiment, ironically, is from analysts who have been raising their targets slightly since the truth is that tesla had a very good 3rd quarter, even if it didn't achieve the blowout that everyone expected.
In the short term, I think this means the stock has tremendous downside potential (again, in the short term). With no real prospects for short-term bullish news. Personally, I've cut my losses and got out (except for a small options position), and I'm waiting to get back in once the dust settles. Even if I can only get back in at a higher price (say 160), I'll at least sleep better the next few nights as this volatility works itself out
I'd love to hear from anyone who thinks the next week or two may be bullish... (and I don't mean that sarcastically)