Bosphorus_Capital
Short

TSLA likely to test 140

NASDAQ:TSLA   TESLA MTRS INC
74 0 0
2 months ago
Fundamentals are terrible:

1-The company is still cash flow negative and mainly survives on government subsidies.
2-GM Just introduced its 200 miles+ electric car that sells for 30K vs 110K for Model S.
3-All car manufacturers have moved in to produce electric and self driving cars.
4-There are IT experts in Silicon valley that teach "Self Driving" tech to engineers in a month. There seems to be no technological barriers to entry here.
5-With mass production, TSLA             quality has suffered setbacks. Consumer Report does not recommend Model S anymore.


Technicals are ugly:

1-Triple top
2-5 waves down from the third top, implying another leg down
3-The rejection of the move from 140, the third top implies need for more basing around 140 at the least.
2 months ago
Comment: Short idea cancelled at 203.56.

The stock clearly turned long.
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