Obviously tomorrow this is going to gap down because of the fraud charges against Musk.
The gap down may be so great that I will not sell tomorrow but instead look for a bounce in coming days. Tesla could announce their Model 3 delivery numbers for Q3 by Monday, which could give a major bounce for an exit. Musk is invaluable as a visionary to Tesla, but what he has already created is reaching a critical mass that can't be ignored. I expect good results for the company in coming weeks. If this fraud charge was announced a few months ago I'd be more eager to exit immediately.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The gap down may be so great that I will not sell tomorrow but instead look for a bounce in coming days. Tesla could announce their Model 3 delivery numbers for Q3 by Monday, which could give a major bounce for an exit. Musk is invaluable as a visionary to Tesla, but what he has already created is reaching a critical mass that can't be ignored. I expect good results for the company in coming weeks. If this fraud charge was announced a few months ago I'd be more eager to exit immediately.