While that is possible, I personally don't give much credit to this kind of stuff. TSLA is not a micro cap stock and can be manipulated easily. The shareholder base is quite diverse and I doubt any one or two institution can really manipulate it. Ever since it broke 180, TA wise there's no bottom. So it's really not strange to see it free fall. Especially with all those invested early still sitting on huge gains, them being retail or institution. At this price, it's really a check on whether you believe in their future or not.
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Why should people be ashamed when the price has dropped from well north of $200 to the $140s, then the premarket is down and they indicate trepidation?
It is great to see green in my TSLA portion of my holdings but it is tough to scold people when many have been saying 'get on the TSLA train' as it is ready to take off at $220, $200, $180...etc.
This is still a 'momo' stock. Personally I never saw it going below $180 short of something of a catastrophe.
Causalien
Prime 8 ball Oracle
If you followed the progress of my conservative straddle you know I've liquidated the put part.
Just conservative logical maneuvering, no wild crystal ball.
I am actually well rested now.
Oh and guess what is interesting I found out recently One of the parts supplier for Tesla will be surpassing Tesla in market cap soon.
Krugerrand
Meow
No that is even worse.
Even the current, hand built ones are faulty and need adjustment.
....,
Krugerrand
Meow
No need. We have different frames of reference as we have discussed before. :wink:
You're joking, right? And speaking of memories, you should then remember that Tesla has had problems with the FWD for more than 4 years, and it's been the cause of delays and money sinks. Today was a big day as they seemd to have solved a 4 year old problem, or at least part of it. I know Tesla is all about engineering but evidently they also run into massive problems that need solving, and they always do, that's why I'm an investor. Now, let's be happy on a day like this.
hockeythug
Active Member
flankspeed8
Member
An hour into the trading day and we are already at average daily volume. There were certainly some big blocks the first hour.
FredTMC
Model S VIN #4925
TSLA, NFLX, MBLY, CRM all the same chart today. Leading the naz. Unfortunately, Naz rolled over now.
Hopefully, TSLA can maintain its leadership position today.
Glad earnings call is only a day away now. Let's get into it.
Hopefully, TSLA can maintain its leadership position today.
Glad earnings call is only a day away now. Let's get into it.
dreamingof3
Member
FredTMC
Model S VIN #4925
I think it's more just sector rotation into oversold tech.
OIL and Stocks are correlated today. Oil bounced and then fell.
OIL and Stocks are correlated today. Oil bounced and then fell.
jhm
Well-Known Member
http://www.infomine.com/ChartsAndDa....USD.lb|110572.USD.lb&df=20150201&dt=20160209
Here's a little chart showing the decline in significant metals for Tesla: aluminum, copper, cobalt and nickel. All have fallen 20% to 40% over this last 12 months. Particularly as the Gigafactory squeezes out manufacturing inefficiencies, the metal costs become the leading driver of battery cost. So it is very much to Tesla's advantage that commodity prices continue to fall in the face of advancing technology. This is also true for all renewable energy.
Here's a little chart showing the decline in significant metals for Tesla: aluminum, copper, cobalt and nickel. All have fallen 20% to 40% over this last 12 months. Particularly as the Gigafactory squeezes out manufacturing inefficiencies, the metal costs become the leading driver of battery cost. So it is very much to Tesla's advantage that commodity prices continue to fall in the face of advancing technology. This is also true for all renewable energy.
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jesselivenomore
Member
GOOGL and AAPL are the two largest cap companies in the world. GM and TM aren't tech, the hardest hit right now are high multiple growth stocks. Yes Tesla is an auto stock, but trades like and has the multiples of a growth stock(because it is one).
Stocks like NFLX, PCLN, AMZN, BIDU, the biotech sector(IBB) are better comparisons. FB is really the only one in this group that is holding up. Yes TSLA is down more relative to the market. Mostly that is from being a high beta stock, and partly it is from all the downgrades. But mostly it is tracking other growth stocks.
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