A momo cult news/event driven stock

210 2 2
Tesla             is a momentum stock, it doesn't pay dividends, has a high and wild volatility perfect for swing traders. It is a cult stock, which means the traditional fundamental valuation doesn't reflect the price level. This mix makes it a very explosive stock on both sides, bull and bear side.

Tesla             is way overvalued from the fundamental point of view, logic says Tesla             can't be half the market cap size of GM             if GM             produces in 5 minutes what Tesla             produces in a day. Okay it is a starter company, I buy that and the big investors jumped in with the hope of a Gigafactory, the revolutionary EV             and the impressive Elon Musk's technical genius. But beware, competence is catching up, the Chinese market is shrinking, oil             (priced in dollars) has not recovered and Model X won't be seen by customers until it'll be delivered. Tesla             is burning cash like rocket fuel             in Capital expenditure and had to ask for an asset based credit line of 5000 M besides the CFO             quit a privileged position on a growing company, this flashes a big financial warning.

So what's driving the stock? news, events, upgrades/downgrades, rumors, "timed twits". But Elon doesn't have it easy, with 25% float short he has to run with a big Bear on his back and he has to convince the market with facts, met goals and green profits before the market runs out of patience and the bubble inflated with Hope + Greed + Euphoria deflates.
I believed it was at it's peak..
Madrid tradingpro
So do I. If this behaved according to the technicals this should already have fallen @250, but the momentum divergence has been taken to the extreme here manipulated basically by news, events, upgrades/downgrades, rumors, hope and greed. My bet is those capitals who took it to 258 are waiting for real quarter numbers from the ER. A miss in guidance (not even earnings) and any sneeze with model X will make them dump the stock and the right shoulder will complete.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out