NASDAQ:TSLA TESLA MTRS INC
Trading into a major apex; explosive move on the horizon
Death crossed at $250 and $117 signaling a decline to $125-$130. The state with the most cars in the road which is the biggest Market is California. But the state of California are not including Tesla in the future development of charging stations but the state of California is investing in building Hydrogen Fueling stations with plans that run all the way to 2025. Tesla doesn't have the connections that HONDA, TOYOTA and Hyundai have already established over the past 50 years. You don't see these automotive going full electric because the average rate for the cost of electricity in California is 15¢ per kwh. With $1 per gallon of gas going to the State of California for taxes this would cripple going Tesla will cripple the Economy. Not only that Teslas Max Range is 300 miles. Buy with hydrogen cars which just went on sale you get 100+ miles per gallon and has a range of 600+ miles. The state if California will only lose 1cent per mile driven in taxes switching to hydrogen. Tesla is a great car but has more opportunities as a international car sales not America at least right now.