God I hope Tesla bounces back..

likehelpful
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Also, don’t put too much in one asset. Especially a volatile stock like TSLA where the primary fundamentals are market hope.

Tesla has a ton of operational problems, excessive executive departures, an increasingly erratic CEO with a weak board, waning demand for its highest margin products (demand is focused on cheaper Model 3s), large debt payments due soon, and decreasing options for longer term funding, even if their short term push generates a Q3 profit. And their cash positions suggest a capital raise is needed soon, which seems likely to dilute common stockholders.

My days of being a TSLA long are over barring a turnaround and I’ve made a fair bit on shorting them this year on the irrationality of “the believers”.

like

So did you get short squeezed? 😂

Elon Musk should face serious wire fraud charges. He caused me to lose almost $45,000 in 1 day on absolutely false statements

It does bounce back! Crazy stock. Didn’t catch the ride unfortunately. 😪

@pwc1 never trade w/o a stop loss 45k is an insanely stupid amount of money to lose. With a 5-10% stop loss this would have been avoided

Think it did right?

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