No position yet, I'd rather short this than go long. I'm also watching this as an indicator for the top of this market rally, every single company is going to lose money this quarter and the market is pumping garbage anyways. Hard for me to chase the bubble rebound.
TSLA seems to be trading wit the market, at this point I don't think there's any advantage to trading TSLA options vs any other stock.
Seems really stupid considering their factory is shut down, and nobody needs cars if they're holed up in their houses.
Also, everyone's losing money during this whole shutdown, why would anyone want to buy a luxury car this year?
The market is about making money, not making sense.... so follow teh chart I guess.
Guessing it takes a week to fill the gap (depends on how big), but I'm assuming $80 right now based on AH price.
In the meantime, old people will be confined to their house, and no crowded places like movie theatres, airplane, etc. The economy is gonna tank.... really hard.
People thought I was nuts when I predicted 2008, economists are saying this could be worse.