Tesla Inc (TSLA)

[pipedreamz76]

Consolidating here before the next move lower. I expect the stock may see a bump back up to the $290-300 range where I will enter with another large short/put position. Tesla is currently on life support. I seriously do not see the company avoiding a bankruptcy filing much longer. Apparently a lot of folks do not realize the damage that will come from Tesla's announcement to close all of its stores. They are on the hook for about $1.2 billion in lease payments on those stores this year. I don't believe those landlords are just gonna let that go. Demand for EV's is not growing as fast as Enron Musk would have folks believe. It has actually been decreasing. ICE cars are still much more reliable than any EV on the market. Add all this to the mounting debt at Tesla and the outlook is bleak at best. Good luck to all of you.
ELON= Every Long Out Now