LastBattle

Tesla is out of electric

NASDAQ:TSLA   TESLA INC
108 2 7
Nice major top structure in place. (Short term M top and long term double top )
Have fun!

We've plenty of cheap oil             for years to come, why bother about electric cars?
And no, the cheaper Tesla             model will not save it.
We've a huge glut of cars in GM's warehouse as a result of QE . Overleveraged, overbuild without consumption increasing. It is way more than 2009 right now.
http://www.zerohedge.com/news/2015-07-07/why-gm-back-below-its-ipo-price-pictures-gms-china-parking-lot

Tesla             business isn't sustainable too, solely relying on government subsidy and with a weakening China.
The bubble will deflate once the hype disappears.
LastBattle
2 years ago
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jangseohee
2 years ago
have a hunch that it drop just a little
and break that UP and goes to channel top another time
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