KarYong
Short

TESLA - Dumping with Musk Stepping Down as Chairman?

NASDAQ:TSLA   TESLA INC
Elon Musk agreed Saturday to step down as chairman of Tesla and pay a $20 million fine in a deal to settle charges brought this week by the Securities and Exchange Commission. Credit: https://money.cnn.com/2018/09/29/technol...

We expect the price to continue falling with the recent news of Elon Musk stepping down as the chairman of Tesla .

We are expecting price hit minimally around the 208 - 242 region with a potential to fall lower towards 178 and even 141 levels.

*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.

The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
The good thing about EW is you can fix it after your wrong.
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I dont think so. The news was positive because everybody was thinking the worst case scenario. But Musk is still CEO.. It is only up from here.
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Why would shareholders care if he can't be chairman for 3 years? He's still CEO, stock will probably plummet on open but quickly recover. We all know Elon will be back on the board in 3 years.
+1 Reply
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