They tried to move the SP at the lowest point of volume of the day and it didn’t do squat, stock stayed in channel, so it was doubled down after hours.
This isn’t retail, it’s call sellers, large short positions, and/or large accumulators wanting a lower share price.
All of this “Tesla up 10% on news of opening early” is nonsense. It’s up because accumulators were announced Friday/Saturday (Citadel, Oregon Pension).
It isn’t down 1-3% after hours because “maybe not opening til later, it’s down because those on the wrong side will be hosed if they don’t push it down.
Regardless the stock has broken out and I predict this is yet another CNBC bear trap...they’ve authored 3 or 4 amazing ones so far.
I mean one headline tomorrow of “alameda allows Tesla to open on May 4th” is 10% instantly, because the bulls are in charge now.
If this doesn’t work it’ll get worse or we’ll see another market maker holding 4% of Tesla rofl.
Regardless, after hours assaults won’t matter when volume shows up tomorrow.