Monday, January 08, 2018 9:57:00 PM
Why the Bears Won’t Win at Tesla
Tesla Inc. (TSLA) bears must be scratching their heads and wondering what just happened. They got the terrible news they had been waiting for when Tesla announced awful Model 3 delivery numbers for the fourth quarter of 2017. To make the dire situation even better for the bears, Tesla announced it was now targeting production of only 2,500 Model 3s per week by the end of the first quarter, down from the target of 5,000 per week. This pushes the 5,000 units per week out to the end of the second quarter. (For more, see also: Tesla Model 3 Production Slashed 75% at Cowen.)
Tesla's stock price hardly went down on the terrible Model 3 production news, finishing January 4 down only 1%, and perhaps speaks to the resiliency of the bulls. After all, the bull story hinges on the success of the Model 3, Tesla's newest 4-door sedan being built for the masses, starting at only $35,000. The Model 3 is part of the reason why the stock is up by nearly 40% over the past 52 weeks........
https://www.investopedia.com/news/why-bears-wont-win-tesla/?partner=YahooSA&yptr=yahoo
MORE TO COME.......$400 + PLUS
GO TSLA, INC.
"PEACE"
$$$$$$ ZOOM, ZOOM $$$$$$
A MADE INAMERICAN ENERGY, TECHNOLOGY&CARCOMPANY
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