By Jim Collins
It is amazing to me that Tesla stock closed the penultimate day of February above $350 per share and today is struggling to hold $295 per share. The volatility in TSLA shares has bitten the longs with a 15% decline in 19 trading days, and the bulls are struggling to make coherent arguments. That points to the most pressing issue facing Tesla and its CEO Elon Musk: time.
The Tesla bull case is based on the idea that TSLA will dominate a future world in which battery-electric vehicles (BEVs) and autonomous vehicles (AVs) are prevalent in global markets. The problem with that argument is that Tesla already dominates the global market for BEVs, and yet the company burned through $3.5 billion of cash last year.
via Tallbloke’s Talkshop
March 27, 2018 at 05:42PM
Iowa Climate Science Education 