I am strong bearish on this. I strongly believe that Musk is unable to steer a big company that has to deliver for shareholders' long-term profit interests. Even if production problems might be sorted out (what I doubt), car competitors are ready to unleash their potential without making the costly efforts TESLA have incurred over the years.
Cup+handle formation is not yet confirmed, but I am confident that it will show up as expected.
Stock is heavily shorted - be aware of that. Short squeeze may trigger huge price rise if investors stay positive towards TESLA marketing machine and due to the appeal of this exclusive marque (investors who are never concerned about the cash burning business practice with accumulating liabilities and further stock dilution ensuing from an inevitable capital raise).
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Cup+handle formation is not yet confirmed, but I am confident that it will show up as expected.
Stock is heavily shorted - be aware of that. Short squeeze may trigger huge price rise if investors stay positive towards TESLA marketing machine and due to the appeal of this exclusive marque (investors who are never concerned about the cash burning business practice with accumulating liabilities and further stock dilution ensuing from an inevitable capital raise).
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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