themoneyman80

the death cross is finally here

BATS:TSLA   Tesla
It has been on the cards for a while with struggles in a few markets, the topsy turvy challenges, the twitter distraction, the spaceship and rocket launch production, the satellites being put around the earths hemisphere, to the neuro link stunning progress in one of its patients.

So great things but what about tesla, well Elon recently advertised the federal incentive for having a tesla only if bought directly from tesla, otherwise no incentive. The earnings have been down for some time, then came Elon's own fight for his right of more shares based on what the companies valuation is today rather then the performance in the last 2 quarters.

After the charts decline, and as many lines as we draw, we say that any line can be broken as fast as one can be filled, but the optimism just isn't there at this point.

166 is next, unless hedge funds, mms, and musk can clearly point out the pros rather than the cons.
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