Tesla peaked last September, falling from nearly $300 to $212.80 yesterday.
Over the past year, I have done six different posts about shorting Tesla, largely based out of my frustration that they remain a “one product company” whose Model X (on which I am 20,000 who has a deposit) has been endlessly delayed. The company peaked last September, falling from nearly $300 to $212.80 yesterday. Now that earnings are out, and JP Morgan has downgraded the firm, the stop is pre-market down about 7.5%. I’m holding on to this short.
This blog is not, and have never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural observations or other odds and ends strike me as worth writing about. So I take absolutely no responsibility for the losses – or any credit for the gains – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
Please note I am the principal of Tim Knight Organization, LLC, a California-registered investment adviser. The content of the postings and investment strategies and discussions provided herein do not necessarily reflect the views, opinions or policies of Tim Knight Organization, LLC and Tim Knight Organization, LLC makes no warranties regarding the accuracy of their content or their completeness.
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