SHORT TESLA INC. on 333 stop on 390
Updated
Well this and a few another company chose a wrong path in my mind. Same as Uber, Tesla try to grown with brand awareness and try to climd their sellings. They are spending a tons of money to make public aware and they are sucsessfull on it, even my grand grand parents learn what is it tesla because of their redicilous rocket show for 500 million dollar. It wasn't about space sience but it was pure PR work.
Here is the problem
investorplace.com/wp-content/uploads/2018/02/TSLA.jpg
2011 50.000 car selling and company lost around 1 billion dollar
2017 300.000 car selling and company lost more than 4 billion dollar.
This is not sustainable. As market turn it down main idea should be find out feakest stocks and this is one of them.
Here is the problem
investorplace.com/wp-content/uploads/2018/02/TSLA.jpg
2011 50.000 car selling and company lost around 1 billion dollar
2017 300.000 car selling and company lost more than 4 billion dollar.
This is not sustainable. As market turn it down main idea should be find out feakest stocks and this is one of them.
Note
There was a news yesterday, E. Mask was incredibly successful that's why board will vote to give him extra 2.5 billion dollars.Well here is balance sheet
nasdaq.com/symbol/tsla/financials?query=income-statement
I don't know what it means "incredibly successful" if any company has only one target that is make money but if this news is true and vote will be pay to him any billions or millions I think I will add shorts more. (If general direction of market will not change)
Trade closed: stop reached
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