WellTrainedMonkey

Chart of the Day: TSLA waiting for parabolic curve to break

NASDAQ:TSLA   Tesla
Short TSLA, the modern day widow maker trade, but perhaps this is the time to give it a go.

We have the stock potentially making a lower high at the tail end of a parabolic move. Battery day came and went, by most accounts and by the price action, it was a flop. Just Elon trying to talk up his share price by saying manufacturing batteries in-house will be the path to a more affordable $25k Telsa. All these coming from a loss-making car manufacturer which makes money by selling carbon credits to other car manufacturers while car sales are sliding. Imagine all the loans, bonds and capital calls to finance the battery plant. If you need a reminder, the Giga Factory which cost billions of dollars was actually financed by the state government and Panasonic. Just ask Panasonic, Samsung and CATL how much it cost to buy a state of the art battery factory. If Elon is serious, you should also be serious about getting out.

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