StealthP3D
Well-Known Member
nice Friday afterhours bounce View attachment 437138
I recommend stepping away from the microscope. Tesla has been trading around $230-$240 recently. Mentally, I find it useful to call this 23-24 bucks (per 1/10 share). Don't try to read too much into little day to day fluctuations, especially in low volume after-hours trading.
What I've seen is good buying demand in general, both leading into Q2 earnings release and after the announcement. Without any particularly good or bad news (macro or specific), I expect this to continue. I chalk this up to a general coming to terms that Tesla is not in danger of going bankrupt in the foreseeable future, their cars do not burn up at a worrisome rate, AutoPilot is currently a driver Assist feature, not FSD, the wheels are not mysteriously falling off, they make money on every car sold and Tesla is not shipping production to undisclosed secret lots to hide the fact that there is no demand.