TSLA is showing weak technicals, as can be observed on the chart.
More importantly, TSLA had a bombshell news report last Friday. It was published that TSLA was recording and storing the data from users cameras without their consent.
This is a GDPR violation - a European regulation which fines companies up to 2% their previous years entire fiscal turnover, an absolutely massive amount. Just last year instagram was fined over 400M simply for accidentally revealing user emails - imagine how much TSLA will be fined!?
As the lawsuits begin to roll in over the next week, TSLA stock will surely react to the risk, especially considering according to EU GDPR laws TSLA will almost certainly lose and/or be forced to settle on these suits for astronomical sums. TSLA operates on thin margins, and these suits will likely cause real pain for the asset.
I entered with Jun 150 puts as a longer-term swing trade to ride this news cycle wave.
More importantly, TSLA had a bombshell news report last Friday. It was published that TSLA was recording and storing the data from users cameras without their consent.
This is a GDPR violation - a European regulation which fines companies up to 2% their previous years entire fiscal turnover, an absolutely massive amount. Just last year instagram was fined over 400M simply for accidentally revealing user emails - imagine how much TSLA will be fined!?
As the lawsuits begin to roll in over the next week, TSLA stock will surely react to the risk, especially considering according to EU GDPR laws TSLA will almost certainly lose and/or be forced to settle on these suits for astronomical sums. TSLA operates on thin margins, and these suits will likely cause real pain for the asset.
I entered with Jun 150 puts as a longer-term swing trade to ride this news cycle wave.